This workshop aims to provide a clear understanding on the eight inter-related components of SSQM 1 which applies to all firms that perform engagements under the IAASB’s international standards. This workshop will also share practical guidance on how small & medium practitioner (SMP) firms should approach & implement the requirements of SSQM 1 in their practices.

On the completion of this course, you will be able to:

1. Understand the key requirements of SSQM 1;
2. Apply the requirements of SSQM 1 in designing, setting-up and implementing a sound system of quality management in practice; and
3. Prepare appropriate documentation to support the implementation of SSQM 1.

Programme Outline

• Key differences between SSQM 1 and SSQC 1
• Overview of the eight components of SSQM 1 (Firm's risk assessment process, Governance and leadership, Relevant ethical requirements, Acceptance and continuance of client relationships, Engagement performance, Resources, Information and communication and Monitoring and remediation process) and their inter-relatedness in the implementation of SSQM 1
• Risk-based approach in the implementation process – understanding the firm’s nature and characteristics, and how it affects quality risks
• Quality objectives under the components of SSQM 1
• Responses to quality risk – policies and procedures
• Required documentation under SSQM 1

Training Methodology

Lecture style with illustrations and discussions, group exercise, Q&A

Closing Date for Registration

1 week before programme or until full enrolment

Intended For

All Auditors, especially Partners and Managers

Competency Mapping

Category 3 = 7.00 Hours

Programme Facilitator(s)