CPE Webcasts

On Demand

Join Newsletter

CPE Webcasts

On Demand

Join Newsletter

Contact Us

Deep Dive into Quality Management

Sep 5, 2024

Auditing

Deep Dive into Quality Management

Deep Dive into Quality Management main image
Deep Dive into Quality Management-image

Quality management will have a big impact on CPA firms. This course will cover both SQMS 1 and 2 as well as the related engagement level standards (SAS 146 and SSARS 26). The new standards will require a risk-based approach to quality management as well as the documentation of an information & communication process. SQMS 1 is required to be implemented at all accounting firms by December 15, 2025 but due to the size of the effort, firms should start their implementation process ASAP. SQMS 2 covers the appointment and eligibility of the engagement quality reviewer and the performance of the reviews. SAS 146 addresses the specific responsibilities of the auditor regarding quality management at the engagement level for an audit of financial statements and the related responsibilities of the engagement partner. SSARS 26 amends AR-C Sections to be consistent with these new standards. This class will provide a deep dive into what you need to know to start your implementation process!

Upon completing this course, learners will be able to:

  • Recall the components of quality management under SQMS 1
  • Recognize the objective of an engagement quality review under SQMS 2
  • Identify the specific responsibilities of the auditor regarding quality management under SAS 146
  • Recall the responsibilities of the engagement partner in SSARS engagements
Tag: Yellow Book 24
CPE Credits: 2.5
Program Level: Intermediate

Connect With Us

Contact Us
Join Newsletter
galasso learning solutions logo

Disrupting the CPE industry by providing high quality, engaging, and up-to-date content that does more than check boxes, but provides a meaningful learning experience for CPAs.

About Us

Services

Who We Serve

Terms & Conditions | NASBA Policies

 

© 2024 Galasso Learning Solutions - All rights reserved
Have a Question?
Jaclyn Veno CPA | Auditing Level Training | CPE

Melisa Galasso, CPA, CSP, CPTD

Melisa F. Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting.

Her passion is providing high-quality CPE that is meaningful, creates efficiencies and improves quality, and positively impacts ROI. She also supports essential professional development, audit level training, and train the trainer efforts.

Melisa is a Certified Speaking Professional, a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers.

She also serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the AICPA’s Women’s Initiative Executive Committee (WIEC). She also serves as a Subject Matter Expert for the Center for Plain English Accounting. She previously served on the AICPA’s Technical Issues Committee (TIC), the VSCPA’s Board of Directors, and is a past Chair of the NCACPA’s A&A committee. In addition, Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting which is available on Amazon or anywhere you purchase books online.

Melisa received a Top 50 Women in Accounting Award in 2021 by Ignition, is a 2020 Enterprising Women of the Year Award recipient, and was honored as a “40 under 40” by CPA Practice Advisor in 2017, 2018, and 2019. She was also named the 2019 Rising Star by her regional NAWBO chapter, received the Don Farmer award for achievement in technical content instruction, and earned several other awards for public speaking and technical training.