Date and time
16/09/2022 10:00 - 12:20
Are you ready for the new ISQMs?
New auditing standards are planned to apply on quality management (QM). These standards comprise:• International Standard on Quality Management 1 Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements (ISQM 1);• ISQM 2 Engagement Quality Reviews; and• a revised ISA 220 Quality Management for an Audit of Financial Statements.
The QM standards will apply from 15 December 2022. This means that the systems of quality management are required to be designed and implemented by this date.
This course is designed to help auditors ensure that their procedures are up to date and ready for the new Standards. This webinar will cover:• Overview of ISQM 1, ISQM 2 and ISA 220 Revised• Establishing quality objectives• Risk assessment – identify and assess risks• Design and implementation of Systems of Quality Management• Monitoring and remediation processes including root cause analysis• Documentation• Using off-the-shelf solutions• Implementation and the possibility of early adoption
Suitable for: This update is for all senior auditors, particularly those responsible for the firm’s quality management systems.
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Event Organiser - Amy Read
How are the courses delivered?All the Essentials CPD courses are run by live webinar
How long will be the webinar be?Total running time for the live webinars is 2hours and twenty minutes. The live webinars are split into two 50 minute sessions with a 10 minute comfort break in between and ending with a 30 minute Q&A session with the speaker.
How do I attend a live webinar?Once you've booked on you will receive an email with your booking confirmation, closer to the time of the event (3-7 days before the event) you will receive the zoom registration link and further joining instructions.
What if I miss the live date?The live webinar will be recorded and offered on-demand the following day.
How long are the on demand webinars? Total running time of the on-demand webinars is 2 hours 10 mins.
The above discounts shown are automatically applied at the time of booking.
The discounts are valid for individuals booking more than one course at a time or corporate bookings where more than one delegate from the same organisation is booked onto the same course.
John Selwood ACAJohn is a chartered accountant and independent training consultant, who lectures for major accountancy practices, professional bodies, training companies and publishers. He speaks on financial reporting, auditing, money laundering and company law. John is a member of ICAEW’s Audit and Assurance Faculty’s Practitioner Services Panel Committee and the Technical and Practical Auditing Committee. He has been involved with presenting and writing the material for the Audit and Assurance and Financial Reporting Faculties Roadshows for a number of years. He also regularly writes for Audit & Beyond and is the author of Core Auditing Standards for Practitioners.
Financial Reporting for small companies
Real life accounting problems and solutions
John Selwood ACA
The opinions expressed by external guest speakers in interviews or other publications included on this website are, by their nature, those of the speaker. They are not necessarily fully endorsed by the ICAEW or purport to reflect the official policies and views of the ICAEW or its members.
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