The Statement on Quality Management Nos. 1 and 2 mandates that any firm involved in SSARS, SAS, or SSAE engagements must develop and implement a System of Quality Management (SQM) by December 15, 2025—a deadline that's approaching fast. The SQM will replace the current quality control system that underpins peer reviews. The AICPA is growing increasingly concerned about the slow progress firms are making in developing their SQM, with many not even aware of the SQM requirements!
10/30/2024 | 8:00am - 11:45am | Online | KSCPA
Members: $200.00, Non-members: $300.00
CPE Categories: Accounting (4 CPE)
Interest Areas: Accounting and Auditing
This seminar will take a dive deep into the eight components of an SQM, providing practical examples of how to apply them in real-world situations. Gain a solid foundation to start building your firm's SQM and explore the AICPA's guidance specifically tailored for sole practitioners and smaller firms. And the best part? The seminar is led by someone who’s in the same boat as practitioners—actively applying these requirements in their own practice. Join us for four hours of crucial and engaging learning!
Those responsible for the firm's quality management.
· Gain a comprehensive understanding of the Statement on Quality Management Nos. 1 and 2.
· Explore the eight components of a System of Quality Management (SQM).
· Apply SQM components in real-world scenarios.
· Identify common challenges firms face in developing an SQM and explore strategies to overcome these obstacles.
· Build a solid foundation for creating your firm’s SQM
· Leverage AICPA assistance guides to support SQM development, particularly for smaller firms and sole practitioners.
James (Jim) Martin, CPA, is a true general practitioner who, for 38+ years, has specialized in both income tax and accounting and audit areas. In addition to serving the accounting and tax needs of 150 clients, Jim performs 75-80 continuing education seminars per year for CPAs and attorneys throughout the United States. Jim's philosophy of CPE is simple: spend time on topics of applicability and relevance to all and present the topics in an entertaining and fast- moving manner. Jim also regularly consults with CPA firms throughout the United States on a variety of accounting and auditing technical issues and serves as expert counsel in litigation manners.
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