Skip to main content

Quality Management: My System is Set Up -- Now What?

-

Add to Calendar

AICPA Webcasts

Online, OK 00000

Get Directions

2.00 Credits

Member Price $89

Non-Member Price $109

Overview

With the design and implementation of your firm’s system of quality management complete, the firm now focuses on operating, maintaining, and continuously improving that system.

This webcast explores the ongoing post-implementation requirements of SQMS No. 1, including:

  • Understanding engagement performance responsibilities
  • Performing and documenting monitoring activities
  • Identifying and evaluating findings and deficiencies
  • Implementing, evaluating, and tracking remediation
  • Conducting the required annual evaluation of the system and periodic performance evaluations of those assigned ultimate and operational responsibility for the system

    Learn how to keep your firm's system responsive, current, and effective in maintaining and promoting quality.

    Highlights

  • Additional ongoing requirements of SQMS NO. 1
  • Monitoring and remediation requirements
  • Identifying, evaluating, and responding to findings and deficiencies
  • The required annual evaluation of the system of quality management
  • Evaluating the performance of those with responsibilities
  • Considerations for firms in a network
  • Sole practitioner and small firm guidance

    Prerequisites

    ‘- General understanding of the participant’s firm’s system of quality management.

    • Familiarity with SQMS No. 1 (QM section 10).

    Designed For

  • Sole proprietors of audit and assurance firms
  • Responsible partners and staff at small- and medium-sized audit and assurance firms

    Objectives

    • Determine the requirements of SQMS No. 1 that apply to the firm's fully designed and implemented system of quality management.
    • Recall the importance of the monitoring and remediation process and ways to design, perform, and improve through its application.
    • Recognize the responsibilities of professional staff for the established system of quality management.
    • Compare the application of requirements for sole proprietors and for firms with additional professionals.

    • Leader(s):

    Leader Bios

    Michael Brand, AICPA

    Michael L. Brand, CPA is a partner in the firm of Johnson, Feigley, Newton & Brand in Athens, Alabama. For the past 20 years, he has been involved in all aspects of public accounting with in emphasis in accounting, auditing, and review services. He also teaches continuing education classes and has been a speaker at several conferences nationwide. He is the current chair of the Alabama Society of Certified Public Accountants Peer Review Committee.

    Brand’s experience involves audits, reviews, and compilations of various for-profit industries, not-for-profits, and governmental entities. He was formally on the Peer Review Board, Joint Trial Board, and the Quality Control Standards Task Force. In 2010 he received the Outstanding Discussion Leader Award.

    Brand received his BS in accounting from the University of North Alabama.

    Return to Top

    Non-Member Price $109

    Member Price $89

    Add to Cart