New Quality Management Standards: A Practical Approach to Risk Assessment and Response

Wednesday, December 18, 2024
Webcast or Webinar, Online
1:00 PM - 3:00 PM (opens at 12:30PM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$118.00 Regular Price
Non-Members
$142.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AI537046
Level: Basic
Vendor: AICPA CPE Division
Field of Study: Auditing

Overview:

Create a robust QM system based upon your firm's needs (bold)

Statement on Quality Management Standards (SQMS) No. 1, A Firm's System of Quality Management (ital), changes how quality management is approached, with emphasis on creating processes and policies tailored to your firm's circumstances. The new risk assessment process is a key component to identifying and evaluating the likelihood and potential impact of various risks to your firm. This webcast will offer a practical approach to risk assessment, and to determining the responses - policies and procedures - to the quality risks facing the firm.

Objectives:

  • Recognize the steps to perform a quality risk assessment.
  • Determine a firm's risk assessment plan.
  • Select responses to quality risks.
  • Identify how to monitor results.

Major Topics:

  • Quality management
  • Peer review
  • Audits
  • Risk assessment
  • Major Topics:

  • Quality management
  • Peer review
  • Audits
  • Risk assessment
  • Designed For:

  • CPAs
  • Peer reviewers
  • QM directors
  • AICPA members
  • Auditors
  • Prerequisites:

    None