Understanding the ISQM Updates

ACC_ADT017i

English

Course Description

Synopsis:

With the new ISQM updates in place from 15 December 2022, we know just how important it is for you to better understand the theory of these, as well as how to put these in to practice. So come along to this webinar which will cover theory and case study examples in the first and second segments, and lastly, an ACCA perspective.

Key features 

  • Introduction to Quality Management Standards
  • ISQM 1 – quality management for firms that perform audits or review of financial statement or other assurance or related service engagements
  • System of Quality Management
  • Risk assessment process
  • Governance and leadership
  • Relevant ethical requirements
  • Acceptance and continuance of client relationships
  • Engagement performance
  • Resources
  • Information and communication
  • Monitoring and remediation
  • Root cause analysis
  • ISQM 2 – engagement quality review
  • ISA 220 revised – quality management for an audit of financial statements

 

Intended For:

  • Audit Professionals / PAIP

 

Competency Mapping: 

  • CPE Category 3 = 2.5 CPE Hours

Instructor Image

Chiew Chun Wee

Chun Wee is ACCA’s Policy and Insights lead for the Asia Pacific region. He works with ACCA members and key stakeholders to identify and drive research initiatives that provide evidence-based policy and thinking impacting the business community and profession, supporting ACCA’s delivery of public value. Chun Wee is a board member on the IAASB and serves as a taskforce member on a variety of key IAASB projects including the quality management standard (firm level) and audits of less complex entities. Additionally, he is a regular speaker and panel chair on various topics including integrated reporting, the evolving role of finance leaders, and audit talent issues.
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Instructor Image

Michael Scott

Michael Scott is a fellow of ACCA and a member of ICPAC (Institute of Chartered Public Accountants of Cyprus). He has extensive experience in the field of audit regulation and audit compliance, initially with ACCA’s Practice Monitoring Department and then through his role with PCP. Michael has run practical audit compliance and ISQM workshops for a number of professional accountancy bodies around the world for the last 20 years and has extensive experience of working with small and medium sized accountancy practices on a global basis. He is the author of PCP’s ISQM Manual which is currently being implemented by a number of top 30 international accounting networks.Michael also acts as a compliance consultant to an international accounting network which is a member of the forum of Firms and was until recently the Director of Quality Control and regulation at the same network.
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Instructor Image

Louis Theodotou

Louis Theodotou is the Lead of the Global Assurance team within ACCA’s Practice Monitoring department. He has extensive experience in audit regulation and audit quality reviews of practicing firms.
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Course Rating

Speaker's Rating

2.5 CPE Hours

Lesson(s)

5

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