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Risk Assessment in SQMS 1: Planning & Implementing Your Approach
March 25 @ 2:00 pm – 3:00 pm EDT
SQMS 1 went into effect on December 15th 2025, impacting audit and assurance practices. Since then, firms have been working toward moving from their existing SQCS 8 policy-based approach to a continuous system-based operating approach for firm quality.
We are now at the stage where firms should be defining and ensuring quality objectives are met within their audit and assurance practices, so firms can immediately benefit from the improved quality that SQMS 1 will bring.
Join our team as they discuss the common steps that firms can take today to achieve success in the implementation of a system of quality management.
This webinar will provide some practical insights and activities to undertake over the course of the implementation process and provide some quick actions for firms to take toward the completion of their risk assessment.
Learning objectives:
- Identify the key activity components in audit and assurance practices and what they mean for your implementation plan
- Outline recommended planning actions to undertake to achieve success
- Recognize a step-by-step approach to completing your risk assessment
- Recall real-world insights and experience of implementation challenges all firms will face
Who should attend: Any CPA with operational or ultimate responsibility for their firm’s system of quality management, such as managing partners and senior leaders, heads of audit, through to risk and compliance personnel.
