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Quality Management Standards (SQM)

New Quality Management Standards

The Statement on Quality Management Nos. 1 and 2 mandates that any firm involved in SSARS, SAS, or SSAE engagements must develop and implement a system of quality management (SQM) by December 15, 2025

Helpful resources

SQMS 1 Responsibilities and Understanding the Firm (XLSX template)
Quality management: Details of a standard-setting journey (podcast)
Journal of Accountancy
New SSAE caps standards related to quality management
Journal of Accountancy
AICPA resources (may require membership):aicpa-cima.com/auditqm
Firm checklist to guide your quality management system.
Mapping between SQMS No. 1 and SQCS No. 8.
AICPA board approves update to peer review standards, Journal of Accountancy