New Quality Management Standards

Description/Overview:

This session will focus on how audit firms need to respond to new and revised Standards which apply from December 2022. It will include a case study on how a small/medium sized firm could approach setting quality objectives, and assess and respond to risk. The session will include:

• Overview of ISQM 1, ISQM 2 and ISA 220 Revised
• Establishing quality objectives
• Risk assessment - identify and assess risks
• Design and implementation of Systems of Quality Management
• Monitoring and remediation processes including root cause analysis
• Documentation
• Using off-the-shelf solutions
• Implementation and the possibility of early adoption

Presenter:

John M Selwood, ACA

John is a Chartered Accountant and independent training consultant, who lectures for major accountancy practices, professional bodies, training companies and publishers. He speaks on financial reporting, auditing, anti-money laundering and company law.

CPD Credits: 2

Cost:

CIIPA Member: 80KYD

Non-Member: 100KYD