ISQM | |
ISQM (UK) 1 represents a significant change for audit firms. ISQM (UK) 1 replaced the ISQC (UK) 1 in December 2022. The new standard requires a more proactive approach to identifying and managing 'quality risks' which can result in a firm issuing an incorrect audit report. To achieve this, firms must establish and monitor a System of Quality Management (SOQM) which is more comprehensive than existing audit procedures documentation. | |
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Target Nation: England Target City : London Last Update : 22 November 2023 12:43 PM Number of Views: 79 | Item Owner : Ruby Contact Email: (None) Contact Phone: (None) |
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