AICPA Quality Control Standards Changing to Quality Management Standards
The AICPA is shifting away from its Quality Control Standards to something it calls Quality Management Standards. Find out what that means, how it impacts you, and some implementation concerns.
By Allison M. Henry, PICPA Vice President, Professional and Technical Standards
In this video, Allison Henry, PICPA vice president of professional and technical standards, discusses the extant Quality Control Standards versus the proposed Quality Management Standards. Get an overview of the new components and key changes as well potential implementation challenges.
Read the PICPA exposure document response to the AICPA Quality Management Standard. You can also watch a recording of the AICPA’s ASB Proposed Quality Management Standards town hall.
For more on this topic, register for the PICPA Accounting and Auditing Conference webcast on Dec. 9-10. Ahava Goldman, AICPA associate director of audit and attest standards, will provide an AICPA ASB update.
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PICPA Staff Contributors
Disclaimer
Statements of fact and opinion are the authors’ responsibility alone and do not imply an opinion on the part of PICPA officers or members. The information contained in herein does not constitute accounting, legal, or professional advice. For professional advice, please engage or consult a qualified professional.
