How to Develop Your System of Quality Management Using the AICPA Practice Aids (3CR)
3.0 Credit Hours Price: 3.0 Tokens
With the issuing of the new Quality Management Standards, the AICPA requires that all CPA firms with accounting and auditing practices implement a NEW system of quality management in accordance with brand new SQMS 1. This will include not only firms who perform audits or reviews, but also firms who limit their work to preparation or compilation engagement.
While the goal is to improve overall quality in the profession, implementation may appear overwhelming for many practitioners.
To assist with the implementation, the AICPA has created practice aids designed to assist with the process of developing your new system.
In this detailed webcast Jeff walks you through every aspect of the process:
1. Where to find the practice aids
2. The proper use of the practice aids
3. Documents you are required to have
4. How to use the practice aids for documentation
5. Proper use the spreadsheet risk assessment template
6. Creation of your final documents
In addition, he offers practical advice along the way to make your job even easier.
As in all his courses, Jeff Sailor will bring his truly unique presentation style to cover the most important topics you need to know. He will also include a certain amount of humor designed to keep you awake and reinforce the material.
Course Level- Update
Delivery Method- Group Internet Based Webcast
Length- 150 minutes of instruction
Revision Date: 12/27/2024
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More Info
Learning Objectives
Upon successful completion of this course, the participant should be able to:
Describe the purpose of the new QM standards
Identify the eight components of quality management
Describe he changes from prior standards
Apply the requirements
Identify the limitations of the practice aids
Apply the practice aids in assessing risk
Apply the standards to create a system of quality management using the AICPA practice aids
Level
UpdatePrerequisites
Basic understanding of accounting and auditing
Advanced Preparation
None
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EventsJuly 14, 2025 @ 2:00 PM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 16, 2025 @ 9:00 AM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 18, 2025 @ 9:00 AM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 21, 2025 @ 9:00 AM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 22, 2025 @ 2:00 PM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 23, 2025 @ 2:30 PM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 24, 2025 @ 9:30 AM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 25, 2025 @ 10:00 AM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 26, 2025 @ 2:00 PM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 28, 2025 @ 9:00 AM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 29, 2025 @ 3:00 PM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 30, 2025 @ 9:00 AM - ET How to Develop Your SQM Using the AICPA Practice Aid
July 31, 2025 @ 12:00 PM - ET How to Develop Your SQM Using the AICPA Practice Aid
Your System of Quality Management (2CR)
2.0 Credit Hours Price: 2.0 Tokens
The Auditing Standards Board has recently changed the standards for quality in accounting firms by replacing the old SQCS 8 with a brand new set of standards: SQMS 1, SQMS 2, SAS 146 and SSARS 26 (issued by the ARSC). These new standards require that all firms with an accounting and auditing practice put into place a system of quality management. This means that even if you only perform a single compilation engagement, you are required to implement this system. The deadline for change is coming soon and this is expected to be a major peer review focus area.
In this course, Jeff Sailor will bring his truly unique presentation style to cover the most important topics you need to know to get ready for this new requirement. In addition to covering the standards pronouncements, Jeff will include his signature video parodies, which are designed to keep you awake and reinforce the material.
Course Level - Basic
Delivery Method -Group Internet Based Webcast
Length - 100 minutes of instruction
Revision Date - 12/27/24
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More Info
Learning Objectives
- Identify the 8 components of a system of quality management
- Identify the additional requirements for a system of quality management
- Apply the standards for determining when an engagement quality review will be necessary
- Describe the requirements for the conduct of an engagement quality review
- Apply the control standards in the performance of audits and other attestation engagement
- Apply the control standards in the performance of SSARS engagements
Level
BasicPrerequisites
None
Advanced Preparation
None
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EventsJuly 14, 2025 @ 2:00 PM - ET Your System of Quality Management
July 16, 2025 @ 9:00 AM - ET Your System of Quality Management
July 18, 2025 @ 3:00 PM - ET Your System of Quality Management
July 22, 2025 @ 10:00 AM - ET Your System of Quality Management
July 24, 2025 @ 1:30 PM - ET Your System of Quality Management
July 28, 2025 @ 9:00 AM - ET Your System of Quality Management
July 30, 2025 @ 12:30 PM - ET Your System of Quality Management
August 1, 2025 @ 2:00 PM - ET Your System of Quality Management - Clone - Clone