QM Implementation Materials

IAASB First-Time Implementation Guides:

• First-time Implementation Guide International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
• First-time Implementation Guide International Standard on Quality Management 2, Engagement Quality Reviews 
• First-time Implementation Guide International Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements
• International Standard on Auditing 220 (Revised): Definition of an Engagement Team Fact Sheet
• Quality Management and Group Audits: Highlighting Certain Aspects of Interaction Between ISA 220 (Revised) and ISA 600 | IAASB

Small-Medium Practice Guidance

IFAC Quality Management Series for Small Firms

• Installation One: It is time to get ready for the new quality management standards
• Installation Two: Developing a detailed implementation plan

IAASB SMP Guidance

• How the IAASB's Proposed Quality Management Standards Are Scalable for SMP

SAICA SMP targeted Webinars

• The implementation of the Quality Management Standards by Small-and Medium-sized Practices" webinar held on 26 August 2022. To view the presentation slides and recording, email saica@saica.co.za
• ISQM Service Providers for Small- and Medium-sized Practices webinar held on 23 November 2022. For access to the slides and recording, email saica@saica.co.za

IAASB Implementation Video(s):

• Quality Management Standards: Perspectives on Initial Implementation Efforts
• All You Need to Know about the Firm's Risk Assessment Process
• Resources: Expectations for Firm and Engagement Partners
• What’s New in Firm’s Monitoring and Remediation Process
• Bringing it All Together: Exploring all the Components of a Quality Management System 

Other Implementation Resources:

• ISQM Discussion Forum | SAICA
• Quality Management | IFAC
• Quality management guidance resources (cpacanada.ca)
• Quality management in audit firms | ICAEW