Auditing: Quality Management

This course will enable you to

• Adapt new policies, procedures and systems that facilitate effective quality management.
• Use the ISQM 1 document effectively to ensure high standards in risk assessments, governance and leadership, and ethics.
• Perform and document a review in accordance with ISQM 2
• Use ISA 220 to enhance your ethical considerations when conducting audits.

About the course

Quality management is at the heart of effective auditing. To meet your professional duty of care, you must ensure your firm's reports and opinions are based on good quality work. That means that audit engagements must be fulfilled to the required quality standards, and failing to do so can have serious consequences.

This course provides a deeper understanding of the key quality standards for audit work. You will identify and apply all the key guidance on firm wide quality management specified in ISQM 1, as well as developing an understanding of ISQM on Engagement Quality Reviews, how to perform a review and how to document it. You will also review the responsibilities of audit engagement partners under ISA 220 (Revised) and the implications for leaders around maintaining ethical standards.