The International Auditing and Assurance Standards Board (IAASB) has recently released proposals to its suite of Quality Management standards, which are open for comment until July 1, 2019.
ED-ISQM 1, which addresses firm’s systems of quality management, includes a new risk-based approach and will replace ISQC 1. ED-ISQM 2 is a proposed new standard that addresses engagement quality reviews. ED-ISA 220 (Revised) applies to audits of financial statements and addresses quality management at the engagement level, in particular the engagement partner’s responsibilities for managing quality.
In this series of webcasts, the IAASB will take participants through key aspects of the proposals. The webcasts will also include an opportunity for participants to ask questions, or participants may submit questions beforehand to firstname.lastname@example.org
Register for one of the IAASB’s webcasts to learn more:
In addition, the Auditing and Assurance Standards Board (AASB) will also be hosting webinars on the topic. More information on these sessions can be found by accessing the following links: