CPA Australia Podcast

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Proposed Quality Management Standards – what are they and how will they impact your Practice?


The International Auditing and Assurance Standards Board (IAASB) has proposed revised standards on quality management for firms (ISQM 1) and audit engagements (ISA 220), and a new standard for engagement quality reviews (ISQM 2). These standards reflect a shift from prescribed policies and procedures to a risk-based approach to achieving quality objectives. Hear from Len Jui, IAASB member, about the proposals and Jessie Wong, KPMG partner, about the implementation challenges.


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 2019-06-14  47m