This session will identify the progress of the AICPA Enhancing Audit Quality Initiative and evaluate whether audit quality is improving. Analyze the trends that are contributing to audit quality and recall the major issues identified and the related resources issued by the AICPA to improve practice quality. This session will also analyze the AICPA's new Statements on Quality Management Standards (SQMS). It will identify the related implementation challenges and timing and evaluate the potential impact on peer review. Learn about AICPA resources for SQMS implementation. Learning Objectives: After attending this presentation you will be able to... Evaluate the AICPA's enhancing audit quality initiative and the AICPA's new SQMS Recall trends in the practice landscape Evaluate how AICPA's Enhancing Audit Quality Initiative is improving practice quality Identify SQMS implementation resources Program Content: The major topics that will be covered in this class include: Analysis of the  AICPA's Enhancing Audit Quality Initiative Trends in audit quality  Latest on the DOL's audit quality study Peer review findings and practice tips for achieving high practice quality AICPA's new SQMS - Overview, implementation considerations, timeline, and AICPA implementation resources PCAOB and IAASB quality management standards and the potential impact on AICPA standards Who should attend: CPAs in public practice Developed By: Pennsylvania Institute of CPAs Instructor: Allison M. Henry, CPA, CGMA CPE Credit: 2.00 Field of Study: Auditing (2.00) Prerequisites: None Advanced Preparation: None Format: QAS Self Study