Live Stream: Guide to the AICPA Quality Management Standards

284  |  Livestream  |  Intermediate  |  Scheduled

Description

Over the past few years, the AICPA revamped the quality management standards by issuing Statement on Quality Management Standards 1, 2 and 3 (SQMS 1, SQMS 2, and SQMS 3, respectively); SSARS No. 26; and SAS 146, Quality Management for an Engagement Conducted in Accordance With Generally Accepted Auditing Standards. These standards, effective Dec. 15, 2025, modernize quality management standards to reflect an increased focus on risk assessment, technology use and the presence of outside experts on many engagements. With a risk-based approach, the standards enhance requirements for engagement quality reviews, encourage QMS monitoring, and focus on the entire system of quality control maintained by a firm. We will cover the key provisions of the standards, how to effectively implement them, and what you need to do today to prepare for the required implementation. The earlier your firm begins the transition, the better off you will be.

Credits

Number of Credits Type of Credits
2.00 Auditing

Designed For

Auditors in public accounting in a partner, owner or managerial role

Prerequisites

Experienced auditors and auditors in a managerial position with responsibilities related to maintaining firm quality control

Highlights

  • Quality management standards
  • SSARS No. 26
  • SAS 146
  • Risk assessment and risk-based approaches to quality management
  • Audit engagement leadership
  • Managing technology and the use of external service providers

Objectives

  • Identify key provisions of SQMS 1, SQMS 2 and SQMS 3
  • Recall quality management provisions in SAS 146 and SSARS No. 26
  • Understand the role of firm leadership in establishing quality management standards
  • Recall the requirements for engagement quality reviews

Prices

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$145.00
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$105.00
Non-Member
$145.00
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Instructors

Sharon L. Martin

Sharon L. Martin, MBA, CPA, is an Associate Professor in the Department of Accountancy at Weatherhead School of Management (WSOM) at Case Western Reserve University in Cleveland, Ohio. Sharon twice served as the Associate Dean for Finance and Administration at WSOM and co-chaired the strategic planning committee. Sharon received the 2018 Outstanding Undergraduate Faculty Advocate award. She has also been nominated for outstanding faculty member by Gamma Sigma Alpha and nominated for the WSOM Undergraduate Teaching Award multiple times. Martin is a graduate of John Carroll University. She obtained her Executive MBA from Baldwin Wallace University and gained Certificates in Women’s Leadership and Executive Coaching from Case Western Reserve as well. Martin’s career spanned 25 years at Ernst & Young in various roles in the audit practice, including principal in the Global Assurance Advisory Business Services (AABS) group, executive director in the Americas Quality and Risk Management team, and the global director of AABS Technology

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