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New Quality Management Standards: All You Need to Know About the Firm's Risk Assessment Process
Audit & Assurance
Webcast

New Quality Management Standards: All You Need to Know About the Firm's Risk Assessment Process

Learn about SQMS No. 1 and understand the new risk-based approach to quality management (QM), with emphasis on creating processes tailored to your firm's needs for its A&A practice.

$65 - $76
Do you have an AICPA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Auditing

Level

Basic

CPE Credits

1

Author(s)

Jeffrey Rapaglia, Sherry Chesser, Alan Long

Availability

Product Number

WC3795480

 View  
 Business & partner 
Product Details

Create a robust QM system based upon your firm's needs

Recently issued Statement on Quality Management Standards (SQMS) No. 1, A Firm's System of Quality Management, changes how quality management is approached, with emphasis on creating processes and policies tailored to your firm's needs. The new risk assessment process is a key component to identifying and evaluating the likelihood and potential impact of various risks to your firm.

The revised QM standards are designed to emphasize firm leadership's responsibility for proactively managing quality, strengthening a firm's monitoring and remediation processes, and advancing the ability of the firm to tailor its system of quality management to their circumstances. The first step in the path to success in implementing these new standards is understanding them.

First in a four-part webcast series

This is the first webcast in a four-part series on the Auditing Standard Board's (ASB) new quality management standards.

Starting with the risk assessment process, you'll dive into the components of the ASB's SQMS No. 1. Attendance in each webcast in this four-part series will earn you one CPE credit. You can participate in one or all based on your interest in the topics. A rebroadcast of this webcast is scheduled for Dec. 6, 2022, at 2pm ET.

Key Topics

  • Quality management
  • Peer review
  • Audits
  • Risk assessment

Learning Outcomes

  • Identify the steps to perform a quality risk assessment.
  • Differentiate the components of QM systems.
  • Formulate a firm's risk assessment plan.

Who Will Benefit

  • CPAs
  • Peer reviewers
  • QM directors
  • AICPA members
  • Auditors
Credit Info
CPE Credits
1
NASBA Field of Study
Auditing
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
1 hr
For more information, please refer to CPE requirements and NASBA sponsorship information
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$76.00
AICPA Members
$65.00

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Speakers
Jeffrey Rapaglia
FORVIS, LLP
Jeff Rapaglia is a Partner within Dixon Hughes Goodman, LLP’s (DHG) Professional Standards Group. Jeff has extensive knowledge of, and insight into, the key challenges facing the audit profession, including major initiatives undertaken by the regulators and standard-setters. He brings more than 20 years of extensive professional experience, having spent more than three years as Technical Director of Professional Practice for the Center for Audit Quality (CAQ), and several years prior as a Senior Manager within the Public Company Accounting Oversight Board’s (PCAOB) Office of Research and Analysis. Prior to these roles, Jeff was Vice President of Financial Reporting for a smaller public financial institution and started his career at a Big Four firm. Jeffrey holds a Bachelor of Business Administration with a concentration in Accounting from the University of Massachusetts at Amherst, and is a Certified Public Accountant licensed in Massachusetts and North Carolina. Jeffrey’s responsibilities include evaluating and enhancing the firm’s audit methodology, authoring knowledge-share content including DHG's comment letter responses to certain regulatory proposals, and developing policies and interpretive guidance on accounting and auditing standards. Jeffrey also serves as an additional technical resource regarding SEC, PCAOB and other public company matters; and continues to be an active member of the American Institute of Certified Public Accountants (AICPA) and the CAQ, with current or past service on various committees and task forces, including the CAQ’s Smaller Firm Task Force and the AICPA's Auditor's Reporting Model and Quality Control Task Forces.
Sherry Chesser
Landmark PLC
Sherry Chesser is a member of Landmark PLC and focuses a majority of her time in the assurance and bond arbitrage practice areas, with industry experience in tax exempt debt compliance, employee benefit plans and nonprofit organizations. In addition, she serves on the management team of the firm and conducts peer reviews, with a focus on peer reviews of benefit plans. Prior to joining Landmark in 2006, Sherry spent 15 years with other public accounting firms providing tax and audit services to a broad base of clients, and also served as a controller for a nonprofit organization. In 2015, she was appointed to the Arkansas State Board of Public Accountancy for a five-year term and is currently serving her final year as President of the board. In addition, she is a committee member of NASBA’s Compliance Assurance Committee and previously served on the Arkansas Peer Review Committee. (ASB Member since 2020-2021)
Alan Long
CPA, CITP, CGMA
G. Alan Long, CPA, CITP, CGMA, is the managing member of Baldwin. Alan received his accounting degree from Eastern Kentucky University in 1979 and was certified in 1981. His service to the profession includes having been President and Secretary/Treasurer of the Kentucky Society of CPAs, chair of the Education Foundation of the KYCPA, a member of the Peer Review Board and Leadership Council of the AICPA as well as a member of the Kentucky State Board of Accountancy. Alan is an Instructor for Continuing Education Classes for the AICPA. He received the 2005 Distinguished Alumnus Award from the School of Business & Technology at Eastern Kentucky University. Alan and his wife Teresa reside in Richmond, KY. (Member since 2016-2017)
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

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New Quality Management Standards: All You Need to Know About the Firm's Risk Assessment Process
Select from the following options:
Oct 03, 2022
5pm6pm GMT
Dec 06, 2022
7pm8pm GMT
Nonmember Price
$76.00
Price excluding sales tax
$76.00
Do you have an AICPA membership? 
Log in to apply your member discount.
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