Implementing the IAASB’s Quality Management Standards
23 February 2023
Accounting
South African Accounting Academy
The following materials are available that can provide guidance and support.
IAASB
Basis for Conclusions & Factsheets – ISQM 1, ISQM 2, ISA 220
First Time Implementation Guides – ISQM 1, ISQM 2, ISA 220
IFAC Quality Management Series: Small Firm Implementation, Installment One addressing the mindset change the new standards require and the shift in focus from quality control to quality management
IFAC panel discussions on getting ready for the new risk-based approach and early lessons learned
Relevance to Auditors, Independent Reviewers & Accountants:
Audit firms had to implement the suite of quality management standards which were issued in December 2020 and came into effect on 15 December, 2022.
Auditors, Independent Reviewers and Accountants should be aware of the latest publications and guidance issued by regulators and standard-setting boards, such as the IAASB.
To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter: https://accountingacademy.co.za/profession/monthly-legislation-update
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more: https://cpd.accountingacademy.co.za.
The SA Accounting Academy (SAAA) Technical Resource Centre is constantly updated by our team of experts to help you stay compliant and informed.
The Technical Resource Centre service is free for all SAAA Designation CPD subscriber members to use.