Quality Management: My System is Set Up -- Now What?
- With the design and implementation of your firm’s system of quality management complete, the firm now focuses on operating, maintaining, and continuously improving that system. This webcast explores the ongoing post-implementation requirements of SQMS No. 1, including:
- Understanding engagement performance responsibilities
- Performing and documenting monitoring activities
- Identifying and evaluating findings and deficiencies
- Implementing, evaluating, and tracking remediation
- Conducting the required annual evaluation of the system and periodic performance evaluations of those assigned ultimate and operational responsibility for the system Learn how to keep your firm’s system responsive, current, and effective in maintaining and promoting quality.
Learning Objectives
- Determine the requirements of SQMS No. 1 that apply to the firm’s fully designed and implemented system of quality management.
- Recall the importance of the monitoring and remediation process and ways to design, perform, and improve through its application.
- Recognize the responsibilities of professional staff for the established system of quality management.
- Compare the application of requirements for sole proprietors and for firms with additional professionals.
Major Topics
- Additional ongoing requirements of SQMS NO. 1
- Monitoring and remediation requirements
- Identifying, evaluating, and responding to findings and deficiencies
- The required annual evaluation of the system of quality management
- Evaluating the performance of those with responsibilities
- Considerations for firms in a network
- Sole practitioner and small firm guidance
