About

System of Quality Management: Is Yours Working?

The introduction of ASQM 1 Quality Management for Firms that Perform Audits or Reviews of Financial Reports and Other Assurance or Related Services Engagements marked a major shift from a compliance-based checklist to a proactive, risk-based approach to managing audit quality. Yet many firms still face a key question — is your system of quality management (SoQM) actually effective?

This 90-minute webinar takes a practical and critical look at how firms have implemented ASQM 1, what the standard truly requires, and where common weaknesses arise. Using real-world examples, the session explores how to design, monitor, and continually improve a SoQM that genuinely supports high-quality engagements.

Key Topics Covered:

• Objectives and components of ASQM 1
• Performing risk assessments and setting quality objectives
• Monitoring, remediation, and documentation expectations
• Common weaknesses and good-practice insights

Who Should Attend:
Audit partners, quality leaders, engagement partners, and firm management responsible for quality management under ASQM 1 and ASA 220.

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