The new quality management standards will significantly impact most accounting firms with an assurance practice. Is your firm ready for these robust changes? Participants who attend this course will learn about these changes and available resources.
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.