2024 MSCPA Annual Convention: Details

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

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Monday, October 28, 2024 @ 2:00pm 4:00pm
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Description

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.

Prerequisites

None

Highlights

Quality management Peer review Audits Risk assessment

Objectives

  • 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.

Credits

Category Amount
Accounting&Auditing 2.00