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UNITS

Live webinar | ACCA

ISQM1: Where are we now?

Stay ahead of regulatory change and strengthen your firm's System of Quality Management.

Overview

People in meeting in office

A practically based webinar covering the impact to date of ISQM 1 on small sized firms of auditors:

Topics covered will include:

·       Overview of ISQM 1 and its implementation

·       Barriers to successful implementation for small firms

·       Lessons learnt to date

·       Impact of Artificial Intelligence and developments in IT

·       Impact of Private Equity Investment to date on small firms

·       Importance of an effective monitoring and remediation process

·       Conducting the annual evaluation of the System of Quality Management

·       Root cause analysis in a small firm

·       Importance of cold file reviews

·       Practice Note 28 (PN 28) “Guidance for audits of small and medium sized entities”

·       Regulatory findings to date

·       ISQM 2 and ISA 220 revised

·       Future challenges and developments for the small audit firm

Michael Scott

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

The webinar handout material will be available on the webinar platform when you log in to view, 15 minutes before the live webinar start.

If you wish to view or download handout materials, before the day of the webinar, they will also be available through your document library on https://events.accaglobal.com.

Pricing and booking information

Price

Excluding VAT 70 GBP

Location

United Kingdom

Date & time

11 December 2026, 09:30 - 12:30

Enquiries

Email enquiries UKCL@accaglobal.com

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