With the new ISQM updates coming in to place from 15 December 2022. We know just how important it is for you to better understand the theory of these, as well as how to put these in to practice. So come along to our hands on webinar which will cover theory, case study examples and an ACCA perspective.

Key features 

  • Introduction to Quality Management Standards
  • ISQM 1 – quality management for firms that perform audits or review of financial statement or other assurance or related service engagements
  • System of Quality Management
  • Risk assessment process
  • Governance and leadership
  • Relevant ethical requirements
  • Acceptance and continuance of client relationships
  • Engagement performance
  • Resources
  • Information and communication
  • Monitoring and remediation
  • Root cause analysis
  • ISQM 2 – engagement quality review
  • ISA 220 revised – quality management for an audit of financial statements
  • Speakers

    Michael Scott 
    Director, PCP

    Michael Scott (002)

    Michael Scott is a fellow of ACCA and a member of ICPAC (Institute of Chartered Public Accountants of Cyprus). He has extensive experience in the field of audit regulation and audit compliance, initially with ACCA’s Practice Monitoring Department and then through his role with PCP. Michael has run practical audit compliance and ISQM workshops for a number of professional accountancy bodies around the world for the last 20 years and has extensive experience of working with small and medium sized accountancy practices on a global basis. He is the author of PCP’s ISQM Manual which is currently being implemented by a number of top 30 international accounting networks.

    Michael also acts as a compliance consultant to an international accounting network which is a member of the forum of Firms and was until recently the Director of Quality Control and regulation at the same network.

    Chun Wee Chiew

    ACCA's Policy and Insights Lead for Asia Pacific.

    Chiew Chun Wee

    Chun Wee is ACCA’s Policy and Insights lead for the Asia Pacific region. He works with ACCA members and key stakeholders to identify and drive research initiatives that provide evidence-based policy and thinking impacting the business community and profession, supporting ACCA’s delivery of public value. Chun Wee is a board member on the IAASB and serves as a taskforce member on a variety of key IAASB projects including the quality management standard (firm level) and audits of less complex entities. Prior to joining ACCA, Chun Wee was a key member of the Professional Practice Department of a Big Four accounting practice, where he focused on audit methodology and regularly delivered internal and external trainings on auditing and quality assurance matters