NOTE: Course login details are normally sent to registrants within one week from date of registration.
Recorded: September 2021
Because the video recordings are taken from live seminars, the information presented is up-to-date at the time of recording. While we make an effort to keep our inventory updated and seasonally remove outdated titles, changes in accounting, tax and other acts and legislations can happen at any time. It is up to the purchaser to take note of the recording date, and to determine for themselves whether the recorded video is still relevant to their needs.
The Canadian Standards for Quality Control (CSQC1) have been replaced the Canadian Standard for Quality Management (CSQM1 and CSQM2) and related amendments to relevant assurance standards. For firms who perform assurance engagements the the systems of quality management are required to be implemented by December 15, 2022. For non-assurance firms, there is a one-year deferral to December 15, 2023.
This session will review the requirements of the new standards and is intended for assurance firms who are already familiar with the current quality control standards. At the end of the session you will have a road map of the decisions that will need to be made and the changes, if any, required to ensure your current quality control processes and procedures are compliant with the new standards.
In the summer of 2022 an application session, which will provide detailed examples and documentation resources, will be made available.
By the end of this session, participants will be able to:
1. Describe the requirements of the new standard and the differences from the current standards;
2. Identify the areas of the firm’s quality control processes and procedures which will be affected by the new standard; and
3. Design an implementation work plan to implement the new requirements.
WHO WILL BENEFIT
This course is intended for assurance practitioners who oversee or are familiar with the firm’s quality control processes.
CPD- 3.5 Hours(15 minutes Ethics)