In the realm of auditing and accounting, adherence to the latest quality standards is not just best practice, it's a necessity. The recent overhaul of quality standards by the Auditing Standards Board has presented a problem for many firms: transitioning from SQCS 8 to the new SQMS 1, SQMS 2, SAS 146, and SSARS 26. This audit standards CPE course agitates the concern by emphasizing the urgency and significance of adopting these new standards, which mandate a system of quality management for all accounting and auditing practices. The solution lies within this comprehensive auditing CPE course led by Jeff Sailor, who employs a unique, engaging style to demystify these new requirements. Participants in this auditing CPE will learn how to effectively implement these standards, understand the components of a quality management system, and prepare for the anticipated focus in peer reviews, ensuring their practices are not just compliant, but also at the forefront of quality and excellence in the field.
Learning Objectives
Upon successful completion of this course, the participant should be able to:
Identify the 8 components of a system of quality management
Identify the additional requirements for a system of quality management
Apply the standards for determining when an engagement quality review will be necessary
Describe the requirements for the conduct of an engagement quality review
Apply the control standards in the performance of audits and other attestation engagement
Apply the control standards in the performance of SSARS engagements
Major Topics
SQMS 1
SQMS 2
SAS
SSARS 26
8 Components and Differences from SQCS 8
