New Quality Management Standards: A Practical Approach to Risk Assessment and Response

Presented by Joe Lynch,Jeff Rapaglia,Ahava Goldman,Sherry Chesser

Presentation type = pre-record/rebroadcast

Create a robust QM system based upon your firm's needs (bold)

Statement on Quality Management Standards (SQMS) No. 1, A Firm's System of Quality Management (ital), changes how quality management is approached, with emphasis on creating processes and policies tailored to your firm's circumstances. The new risk assessment process is a key component to identifying and evaluating the likelihood and potential impact of various risks to your firm. This webcast will offer a practical approach to risk assessment, and to determining the responses - policies and procedures - to the quality risks facing the firm.

CPAs

Peer reviewers

QM directors

AICPA members

Auditors

• Recognize the steps to perform a quality risk assessment.
• Determine a firm's risk assessment plan.
• Select responses to quality risks.
• Identify how to monitor results.

Quality management

Peer review

Audits

Risk assessment