Date:
The IAASB in collaboration with IFAC held the third webinar in our quality management webinar series on August 5 from 11 am–12 pm GMT on Zoom with livestreaming on YouTube. The webinar addressed how your firm can establish or modify your monitoring and remediation processes 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 Channell.
- Webinar Three: What’s New for Firms’ Monitoring and Remediation Processes
- August 5, 11 am–12 pm GMT
- Featuring IAASB member Chun Wee Chiew, IAASB technical advisor Denise Weber, and IAASB Deputy Director Natalie Klonaridis
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 Two: Resources: Expectations for Firms and Engagement Partners, July 29, 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.