In this webinar, we will examine the Canadian Standard on Quality Management (CSQM) 1 and CSQM 2, which is proposed to replace the Canadian Standard on Quality Control (CSQC 1).
CSQM 1 provides a new approach to quality management at the firm level including guidance on a risk assessment process. The standard sets out what is needed in a firm’s quality control to manage the quality of engagements performed by the firm. CSQM 2 provides guidance on engagement quality reviews. Guidance for both quality management and engagement quality reviews are currently contained in CSQC 1.
The webinar will examine key differences between CSQM 1 and 2 compared to CSQC 1 to help firms prepare for the future transition to the new quality management standards.2