Course Details

Quality Management – This is what ISQM1, the International Standard for Quality Management is all about.


Quality Management for the entire Firm, often referred to as the Firm’s System of Quality Management.


When we look at the key components of the Quality Management System….;


1 - The firm's Risk Assessment Process

2 - Governance and leadership

3 - Relevant ethical requirements

4 - Acceptance and continuance

5 - Engagement performance

6 - Resources

7 - Information and communication

8 - Monitoring and remediation process


…..We realise - THIS ISN’T NEW TO US! We’ve been running our Firm’s in accordance with ISQM1 all along. The only difference now is that we need to evidence this in a format that is in line with the requirements of ISQM1 while also considering the requirements of ISQM2 and ISA 220.


In this course Elaine Jackins covers the following topics:

  • A reminder of the requirements of ISQM1, ISQM2, ISA 220
  • Evidencing Active Quality Management
  • The Annual Evaluation Requirements
  • Addressing Failures and Breaches
  • What do our Institutes inspect?

 

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CPD Course Speaker

Michael Power Accountants

Elaine Jackson

Elaine has over 15 years Accountancy Practice experience which has provided her with a wealth of knowledge across all industries and sectors. Elaine is an AITI Chartered Tax Advisor, a Certified Public Accountant and holds a Diploma in Corporate Finance. In her previous roles, Elaine was a member of our Practice Support team, Elaine’s focus is on providing firm’s with assistance and training in the following areas; Anti-Money Laundering, Audit Testing and Walk Through Procedures, Audit Planning and Efficiency, OmniPro Audit Working Paper Demos, Preparing for Monitoring Visits and Post Monitoring Visit follow-ups. Elaine has experienced a number of ACA and ACCA monitoring reviews. This experience has provided Elaine with a great understanding and appreciation for the challenges facing Accountants in practice today.