With a view to bringing a modern and holistic approach to quality, ISQM 1 requires the firm to perform a Risk Assessment Process to identify and assess Quality Risks and has evolved on how a firm addresses Monitoring and Remediation. This includes shifting the focus from inspections of completed engagements, to monitoring the system of quality management as a whole.

This webinar aims to assist audit firms to begin the preparation for transitioning to the new quality management standards which will be implemented from December 2022.

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