Quality Management at Firm Level - ISQM 1

Objective

The objectives of this project were:

• Enhancing the robustness of firm’s systems of quality control through various means, including:
  • Introducing a more proactive and tailored approach to managing quality.
  • Increasing firm leadership responsibilities and accountability, and improving firm governance.
  • More rigorous monitoring of systems of quality control and more effective remediation of deficiencies.
• Modernizing the standard for an evolving and increasingly complex environment, including addressing the impact of technology, networks, and use of external service providers.
• Improving the scalability of the standard.