The AICPA has issued an updated practice aid to help firms implement the new quality management standards.
HIGHLIGHTS
Updated practice aid, Establishing and Maintaining a System of Quality Management for a CPA Firm’s Accounting and Auditing Practice, covers the following:
- Risk assessment
- Governance
- Ethics
- Acceptance of client relationships and engagements
- Engagement performance
- Resources
- Information communication
- Monitoring
PREREQUISITES
None
ADVANCE PREPARATION
None