Quality Management in Accounting Practice (ISQM 1) October 2024
Available from
14 October, 2024
CPD
3
Course Category:
Practice Management
Level:
Moderate
To give attendees practical insights into the implementation of ISQM 1. October 2024
Category: Practice Management
R 375 VAT Incl.
Product Information
What you will learn
Attending this webinar will equip you with the following skills:
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- Develop a comprehensive understanding of ISQM 1, including its scope, objectives, and key components.
- Recognise the major changes introduced by ISQM 1 compared to the previous ISQC 1 standard and understand their impact on your practice’s quality management practices.
- Learn how ISQM 1 applies to various types of engagements and practices, and how to scale and tailor the standard based on the size and complexity of your organisation.
- Understand the relationship between ISQM 1, ISQM 2, and ISA 220 (Revised) to ensure a cohesive approach to quality management at both the practice and engagement levels.
- Gain practical insights into implementing ISQM 1, including conducting a risk assessment, monitoring, remediation strategies, and overcoming common challenges.
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Description
ISQM 1 is a key quality management standard for practices involved in audits, financial statement reviews, and other assurance or related services engagements.
This webinar explores how practices can develop a customised quality management system tailored to their specific needs and client base. With the standard’s scalable approach, practices can design systems that effectively address their unique circumstances and risks.
Price
The following pricing apply:
Adhoc: R375.00
Subscription: Included for free in Accountant in Practice, Accountant in Practice plus Tax.
Content
The webinar will cover the following topics:
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- What is ISQM 1?
- Key changes from ISQC 1
- ISQM 1 applicability
- ISQM 1 objective
- The relationship of ISQM 1 with ISQM 2 and ISA 220 (Revised)
- Structure and components
- Scalability and other practical considerations
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Certificate
The following CPD is awarded 3 Units Practice Management.
Requirements
There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.
Presenter
Nestene Botha CA(SA)
Nestene Botha completed her B.Com (Hons) at North West University in 2012. In 2014 she completed her professional articles and her Master’s Degree in Chartered Accountancy. She then registered with SAICA as a Chartered Accountant in 2015.
Nestene has lectured on the audit programme at the University of Cape Town. She started her own audit, tax & accounting practice which she has since grown into a reputable firm in the Table View area with 60 clients and two staff members.
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