Quality Management - Application for Assurance Service Providers

Overview:

This course provides you with an overview of the Canadian Standard for Quality Management (CSQM1 and CSQM2) requirements and a case study that will allow you to identify common quality management objectives, risks, and responses for small to mid-size firms. It will also provide you with the opportunity to tailor these to their firm’s specific circumstances.

This course will assist in identifying and documenting the firm’s quality objectives, the identification and assessment of common quality risks to meeting these objectives, and the design and implementation of the firm’s response to these quality risks. The course will refer to CPA Canada’s Quality Management SubscriptionGudie as an example template to assist practitioners in documenting the firm’s processes and policies.

Course Content:

In this course, you will gain knowledge about the following topics:

• A brief refresher of the new standards 
• Case study approach to the identification of quality objectives and quality risks 
• Discussions used to design and implement responses 
• Example of implementation of monitoring (firm and engagement level) 
• Examples of how to respond to identified deficiencies.
• Monitoring and remediation requirements
• Understanding the documentation requirements of CSQM 1

Learning Objectives:

Upon completing this course, you should be able to:

• Identify the resources available through the CPA Canada Digitized Quality Management Guide - QMG Cloud
• Summarize and document the quality objectives of the firm and the identified quality risks
• Design and document a firm’s specific responses to these risks
• Understand  and document the monitoring and remediation process
• Understand the annual evaluation of the firm’s SOQM

Who Will Benefit: 

Assurance practitioners who are in charge of or familiar with the firm’s quality control processes.