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Quality management will have a big impact on CPA firms. This course will cover both SQMS 1 and 2 as well as the related engagement level standards (SAS 146 and SSARS 26). The new standards will require a risk-based approach to quality management as well as the documentation of an information & communication process. SQMS 1 is required to be implemented at all accounting firms by December 15, 2025 but due to the size of the effort, firms should start their implementation process ASAP. SQMS 2 covers the appointment and eligibility of the engagement quality reviewer and the performance of the reviews. SAS 146 addresses the specific responsibilities of the auditor regarding quality management at the engagement level for an audit of financial statements and the related responsibilities of the engagement partner. SSARS 26 amends AR-C Sections to be consistent with these new standards. This two hour class will provide a deep dive into what you need to know to start your implementation process!
Accounting Professionals
Intermediate
Experience with and knowledge of SQM Standards, SAS 146, and SSARS 26
None
CEO & Founder
Melisa is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of accounting experience, Melisa designs and facilitates CPE courses in advanced technical accounting and auditing, including not-for-profit and governmental accounting. She supports essential professional development, audit level training and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. She serves on the Financial Accounting Standards Board's (FASB) Not-for-Profit Advisory Committee (NAC), American Institute of CPAs' (AICPA) Council, and the Virginia Society of CPAs' (VSCPA) Board of Directors. She was on the AICPA’s Technical Issues Committee (TIC) and is a past chair of the North Carolina Association of CPAs' (NCACPA) A&A committee. Melisa authors the AICPA’s State and Local Government Guide and is an SME for the Center for Plain English Accounting. She was a 2020 Enterprising Women of the Year Award recipient and a CPA Practice Advisor “40 under 40” in 2017, 2018 and 2019. She was a 2019 Rising Star by her regional National Association of Women Business Owners' (NAWBO) chapter and won the Don Farmer Award for technical content instruction.
$79.00 - Member
$109.00 - Nonmember
Note: Online pre-registration will close on October 17 at 2:30 PM.
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