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Bonus Solutions Session

ENG26SS303. Quality Management — SQMS No. 1: Navigating the Requirements and Avoiding the Pitfalls, presented by QMCore

This session is suitable for firms and individuals involved in addressing SQMS No. 1, ISQM 1, or QC 1000 quality management standards. Firms and individuals can benefit from this session, no matter what stage they're at on their quality management journey.

Firms are getting to grips with what quality management system implementation looks like for their firm and discovering/navigating how their system is evolving through its operation. Focusing on practical areas, this session will address the common pitfalls and issues that firms are facing across their systems of quality management.

Because many firms are making use of manual methods to capture and document their risk assessments, the session will start by discussing some of the common issues surrounding the maintenance and reporting of risk assessment outputs.

The session will then move on to discuss how the risk assessment feeds your monitoring plan. We will also provide insights into where your monitoring plan may be at risk of not achieving its objectives. This part of the session will also discuss some practical actions firms can implement to ensure their monitoring plans succeed.

The final portion of the session will cover some of the core features and benefits technology solutions can provide for firms of all sizes to assist them during their compliance journey.

Learning Objectives:

  • Identify possible problems within your existing risk assessment approach before they impact the operation of your system of quality management.
  • Analyze the issues firms face when implementing and executing monitoring plans.
  • Recall the key benefits technology solutions can provide to firms in operating their system of quality management during 2026 and beyond.
Date/Time
CPE Credits
1.0
NASBA Field of Study
Auditing
Level
Intermediate – (3-4 years in the profession)
Prerequisites
3-4 years in the profession
Advanced Preparation
N/A
Session Tags
Practitioners
Advanced Accounting & Auditing