Date:
The IAASB in collaboration with IFAC held the second webinar in our quality management webinar series on July 29 from 11 am–12 pm GMT on Zoom with livestreaming on YouTube. The webinar addressed how to resource to align with the requirements in the IAASB’s 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 is part of the IAASB’s suite of quality management standards, issued in late 2020. The standards strengthen and modernize how firms approach quality management. They also mark an evolution from a traditional, more linear approach for quality control to an integrated quality management approach.
The webinars were held in English and are available on the IAASB’s YouTube Channel following the session.
- Webinar Two: Resources: Expectations for Firms and Engagement Partners
- July 29, 11 am–12 pm GMT
- Featuring IAASB members Josephine Jackson and Sue Almond and IAASB Deputy Director Natalie Klonaridis
- Discussion will include the linkage between ISQM 1 and International Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements
You may also be interested in other webinars in the quality management series:
- Webinar One: All You Need to Know about the Firm’s Risk Assessment Process, June 24, 11 am–12 pm GMT
- Webinar Three: What’s New for Firms’ Monitoring and Remediation Processes, August 5, 11 am–12 pm GMT
- Webinar Four: Bringing it All Together: Exploring all the Components of a Quality Management System, August 18, 11 am–12 pm GMT
Looking for additional resources on the suite of quality management standards? Check out the IAASB’s dedicated web page: iaasb.org/quality-management
IFAC is committed to supporting our member organizations and the development, adoption, and implementation of high-quality international standards.