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24WM-0007: Quality Management Standards: Tackling the System Design (Webinar)

Wednesday, May 22, 2024
10:00am - 11:15am Central Time
1.5 CPE (1.5 technical)

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Every firm that has an accounting and auditing practice must implement the new Quality Management Standards by Dec. 15, 2025. Now is the time to begin working on your new system of quality management, including assessing risk and designing safeguards. Review the standards and see what's changing with an overview from Faye Hayhurst, CPA, CGMA, director of finance at the MNCPA. Hear from Jack Abdo, CPA, and Darin Styles, CPA, from Abdo, LLP, a firm that has gone through the major process of implementation planning. Get inside tips on how they approached these changes, what the process was like and which challenges came up as they prepared to implement the new standards.

Special low pricing for MNCPA members!

Major subjects

  • High-level refresher on Quality Management Standards
  • How to approach designing a system of quality management
  • Who to involve in the risk assessment and safeguard design process
  • Estimating time required
  • Developing a risk assessment mindset
  • Biggest changes from current quality control standards
  • Use of practice aids
  • Surprises and questions from the process
  • Tips and tricks to prepare for implementation from a firm that has gone through the process

Learning objective(s)

  • Review requirements of the standards
  • Learn how to approach system design, including risk assessment and safeguard design
  • Understand the biggest changes from current standards
  • Develop awareness of practice aids
  • Hear tips to use and traps to avoid

Who should take this program?

CPAs in public accounting firms who have responsibility for the firm's accounting and auditing practice

Fees

Our records indicate you are a nonmember. If you register, you will be charged $105.00 (Standard Nonmember Fee). Members: Please log in to receive member fee.
Standard Member Fee $25.00
checkmark Standard Nonmember Fee $105.00

More program information

Instructors John Abdo, CPA
Faye Hayhurst, CPA
Darin Styles, CPA
Location Online
Area
of study
Accounting & audit
Field(s)
of study
Auditing - Technical (1.5)
Level Basic
Format Group Internet Based
Sponsor Minnesota Society of CPAs
NASBA ID#: 139884
Prerequisites Prereq. Basic knowledge of SQMS 1 and 2 is recommended but not required
Advance
prep
None
Cancellation
policy
Receive a full refund if you cancel at least four business days before the event start date. Learn more
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