Learn about the new risk-based approach to quality management and the impact it will have on engagement partners, engagement teams, and engagement quality reviewers.
Learning Objectives
Upon completion of this course, you will be able to: • Identify key differences between the existing quality control standard (Quality Control Standard No. 8) and the new quality management standards.
• Recognize how the quality management standards will impact an accounting firm’s practice, including the role of firm leadership.
• Recall the engagement quality review requirements.
• Understand the available AICPA resources.
Major Topics
Learn about the new risk-based approach to quality management and the impact it will have on engagement partners, engagement teams, and engagement quality reviewers.