New Quality Management Standards: Resources — Expectations for Firms and Engagement Partners
In a thriving quality management system for your firm's A&A practice, your resources need to be allocated properly. We've got actionable insights for you.
Format
Webcast
Date
Sep 18, 2025
NASBA Field of Study
Auditing
Level
Basic
CPE Credits
1
Instructor
Jeffrey Rapaglia, Sherry Chesser, Alan Long
Availability
3 months
Product Number
WC4749819
Leverage resources for optimal QM performance
Managing a firm's resources to achieve the objectives of a quality management (QM) system involves planning, maintaining, scheduling, and allocating resources in ways that are best for each firm — but the system needs to use and leverage resources effectively.
In this webcast, you'll gain a better understanding of how firms can design and operate their QM systems to appropriately manage resources — human, technological, intellectual, and financial. Managing resources is not only about the quantity available but also having the correct proportion of each resource to perform quality engagements.
These revised standards strengthen an engagement partner's responsibilities for quality management at the engagement level and may positively change aspects of corporate culture.
Second in a four-part webcast series
This is the second webcast in a four-part series on the Auditing Standard Board’s (ASB) new quality management standards. You’ll take a deep dive into the resource component of the ASB’s Statement on Quality Management Standards (SQMS) No. 1, A Firm’s System of Quality Management (ital), and the engagement partner’s responsibility for resources under Statement on Auditing Standards (SAS) No. 146, Quality Management for Engagements Conducted in Accordance with Generally Accepted Auditing Standards (ital).
Attendance in each webcast in this four-part series will earn you one CPE credit. You can participate in one or all based on your interest in the topics.
Key Topics
- Quality management
- Peer review
- Audits
- Risk assessment
Learning Outcomes
- Identify the four kinds of resources needed to maintain quality management systems.
- Recognize who is included and excluded on an engagement team.
- Distinguish between internal and external human resources.
- Recognize service providers and what they offer firms.
- Assess the engagement partner's responsibility for quality management at the engagement level.
Who Will Benefit
- CPAs
- Peer reviewers
- QM directors
- AICPA members
- Auditors
Group ordering for your team
2 to 5 registrants
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Start order6+ registrants
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