Mastering quality management standards

New quality management (QM) standards represent a significant change in how CPA firms will approach quality control for future audits. Firms must implement a quality management system before the transition deadline on December 15, 2025.

You’ll understand the primary changes introduced by the QM standards, including those related to the following topics:

• Peer review
• A new risk-based approach
• Revised components of the system of quality management
• Enhanced leadership and governance requirements
• New monitoring and remediation processes

Tools to help implement changes

The Quality Management Practice Aid can help your firm comply with the new quality management standards.

You’ll walk through examples that demonstrate how the practice aid and the Example Risk Assessment Template can be used to help when implementing the new standards.