ISQM - How to Effectively Manage Audit Quality

Objectives

The session will help improve your understanding of how to establish and monitor audit quality management systems, through lessons learned from the implementation of the standards in 2022 and the subsequent monitoring and remediation work.

The course will use feedback from QAD and cold file reviews to help firms of all sizes to better refine their systems of quality management.

Key topics

• Brief refresher on the contents of ISQM 1, ISQM 2 and ISA 220 Revised
• Getting monitoring and remediation processes right, including root cause analysis
• Establishing quality objectives
• Revisiting the risk assessment – identify and assess quality risks
• Design and implementation of Systems of Quality Management
• Documentation
• Practical case studies

Who should attend

This update is for all senior auditors, in all sizes of firms, particularly those responsible for the firm’s quality management systems.