The AICPA Auditing Standards Board has approved new quality management standards designed to improve a firm’s risk assessment and audit quality. The ASB voted Thursday to approve three standards, and ...
The American Institute of CPAs is proposing to revise its quality management standards to take a more risk-based approach targeted at the types of engagements performed by the CPA firm. Processing ...
Editor’s note: This article is the second in a series to help practitioners learn about the AICPA’s new quality management standards and prepare to implement them. The interrelated final standards on ...
Quality Management Systems (QMS) represent structured frameworks enabling organisations to optimise their operations, ensure compliance with regulatory and customer expectations, and foster continuous ...