Guide to the AICPA Quality Management Standards
-
Virtual
2.00 Credits
Member Price $109.00
Non-Member Price $189.00
Overview
You could pay $0 for this course!
Over the past few years, the AICPA revamped the quality management standards by issuing Statement on Quality Management Standards 1, 2, and 3 (SQMS 1, SQMS 2, and SQMS 3, respectively), SSARS No. 26, and SAS 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards (SAS 146). These standards, effective December 15, 2025, modernize quality management standards to reflect an increased focus on risk assessment, technology use, and the presence of outside experts on many engagements. With a risk-based approach, the standards enhance requirements for engagement quality reviews, encourage QMS monitoring, and focus on the entire system of quality control maintained by a firm. We will cover the key provisions of the standards, how to effectively implement them, and what you need to do today to prepare for the required implementation. The earlier your firm begins the transition, the better off you will be.
This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course to be eligible. The course code for this program is C-11347. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.
Highlights
Quality management standards SSARS No. 26 SAS 146 Risk assessment and risk-based approaches to quality management Audit engagement leadership Managing technology and the use of external service providers
Prerequisites
Experienced auditors and auditors in a managerial position with responsibilities related to maintaining firm quality control
Designed For
Auditors in public accounting in a partner, owner, or managerial role
Objectives
Identify key provisions of SQMS 1, SQMS 2, and SQMS 3 Recall quality management provisions in SAS 146 and SSARS No. 26 Understand the role of firm leadership in establishing quality management standards Recall the requirements for engagement quality reviews
Preparation
None
Leader(s):
Leader Bios
Michael Brand
Mike has been a partner with BMSS Advisors and Co. since 2019. He was previously with Johnson, Feigley, Newton & Brand. He received his B.S. in accounting from the University of North Alabama in 1989 and has been in the practice of public accounting since graduation. During those years he has been involved in all aspects of public accounting, with an emphasis in providing accounting, audit, and review services to clients in for profit, not-for-profit, and governmental sectors. He has been involved in various committees at both the state and national levels. He is currently a member of the AICPA’s Technical Issues Committee and was formerly a member of the Professional Ethics Executive Committee and is the past chair of the AICPA’s Accounting and Review Services Committee and the ASCPA’s Peer Review Committee. He also teaches continuing education classes across the country for state societies and individual firms and has been awarded the AICPA’s Outstanding Discussion Leader multiple times along with the ASCPA’s Thomsas A. Ratcliffe Outstanding Discussion Leader Award. In addition to teaching classes, he has spoken at several conferences nationwide. Additionally, he conducts peer reviews and is a RAB member of the Partners in Peer Review Committee. He was formerly on the Peer Review Board, Joint Trial Board, and Quality Control Standards Task Force of the AICPA. Mike currently lives in Athens, AL with his wife Tammie (Burlingame) and two sons. He is actively involved in all his sons’ activities and enjoys his time outside of the office with his family enjoying outdoor sporting activities, running and cooking.
Non-Member Price $189.00
Member Price $109.00