Overview:
Partners / directors need to be aware of the quality management requirements of ISQM 1, ISQM 2 and ISA 220 (Revised), and how to implement it within their own firms. It is important to be aware of each other’s duties and how they fit into the big picture. Even just one quality incident can be very costly to the firm.
This training will give participants a practical understanding of the quality management requirements and what their responsibilities are in implementing these requirements.
Content and outline:
To explain the following concepts:
• The firm’s risk assessment process
• Governance and leadership
• Relevant ethical requirements
• Acceptance and continuance
• Resources
• Information and communication
• Engagement performance
• Monitoring and remediation
• Documentation
Certification:
Upon completion of the training, participants will receive a verifiable attendance certificate.
Elevating the standards of all auditors and those seeking to become auditors by upholding the principles of legislation, regulation, and quality audit management and performance.
Quest Curriculum
- 4 Levels
- Coaching By LEAF
- Community Support
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Level 01 Introduction
Welcome and Introduction, Introduction to QM, and What do we do.
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Level 02 Quality Risk Assessment
The Firm's Risk Assessment Process
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Level 03 Components of Quality Management
Governance & Leadership, Ethical Requirements, Acceptance & Continuance, Resources, Information & Communication, Engagement Performance, Monitoring & Remediation, and Documentation.
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Level 04 Final Quiz
Pass the final quiz with a minimum of 80% in order to complete the quest and receive your certificate.