Before this course, CPA firms might view the transition to the new AICPA Quality Management Standards as a complex and overwhelming challenge. This course acts as a bridge to this gap. After completion, participants will have a transformed perspective on quality management. Jeff Sailor's comprehensive webcast guides firms through every aspect of adapting to the SQMS 1, from understanding the purpose of the new standards to applying the practice aids effectively. This transformation from confusion to mastery is central to the course. Participants will not only gain a deep understanding of the eight components of quality management but also learn to apply these standards pragmatically using the AICPA practice aids. This course thus shifts professionals from uncertainty to a position of confidence and competence, enabling them to elevate their firms' practices in line with the highest industry standards.
Learning Objectives
Upon completion of this course, participants will be able to:
Describe the purpose of the new QM standards;
Identify the eight components of quality management;
Describe he changes from prior standards;
Apply the requirements;
Identify the limitations of the practice aids;
Apply the practice aids in assessing risk; and
Apply the standards to create a system of quality management using the AICPA practice aids.
Major Topics
A Firm's System of Qualify Management
Components and Differences SQCS 8
Preparing based on AICPA resources
Documentation of SQM
AICPA Practice Aid
New Risk-Based Approach
Ethical Requirements
