Audit – Quality Management Standards: A shifting landscape

Why the changes facing auditors and audit firms with the implementation of the quality management standards are both an opportunity and a necessity.

The AUASB has released three revised Quality Management Standards that promote a robust, proactive, scalable, and effective approach to quality management and mark a significant evolution of the existing quality control standards. In this webinar we provide an overview of ASQM 1Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Financial Information, or Other Assurance or Related Services Engagements and explore why it is both an opportunity and a necessity for achieving audit quality on a consistent basis.

Key areas covered include:

• Key changes – Managing versus controlling
• What are the eight components of a system of quality management
• Practical guidance on setting quality objectives, identifying risks and responding to risks identified
• What’s involved in monitoring and evaluating the system of quality management
• What do stakeholders such as audit committees and directors need to know.

Webinar Learning Outcomes:

Attendees will understand the key requirements of the quality management standards and gain insights on the design, implementation and evaluation for a system of quality management that ensures quality engagements on a consistent basis.

Suited to:

• Audit professionals
• Audit committee chairs

You will also be provided with: 

• PowerPoint Slide Deck
• Searchable Transcript
• Any Supporting Documentation
• Webinar Recording to view multiple times for up to 6 months
• Q&A Session & follow up contact details
• CPD Quiz & Certificate