Implementation of AICPA Quality Management Standards 2025-26

Overview

In June 2022, the AICPA Auditing Standards Board (ASB) introduced three interrelated standards on quality management, collectively known as the QM standards. These standards signify a pivotal shift for CPA firms, transitioning from a policies-based approach to a more dynamic risk-based approach to audit and attestation quality. Every firm engaged in SASs, SSARSs, and SSAEs will be impacted by these changes, which must be implemented by December 15, 2025. This course will explore the key changes introduced by the new standards, including a tailored risk assessment process, revised components of the quality management system, enhanced leadership and governance requirements, and new obligations for networks and service providers. By the end of this course, you will be equipped to navigate these changes effectively and ensure compliance with the new standards.

Highlights

• Overview of New Quality Control Standards
• Implementing Risk
  • Based Quality Management Approach
  • Determining Root Causes of Quality Risks
  • Responding to Identified Quality Risks
  • Monitoring and Remediation Best Practices

Prerequisites

None

Objectives

• Understand how to implement the new standards
• Determine the root cause of quality risks
• Know how to develop responses to the identified quality risks
• Review documentation requirements for implementation and evaluation of the firm's system of quality management

Preparation

None