AICPA Updates Quality Management Resources - Galasso Learning Solutions

August 22, 2025

AICPA Updates Quality Management Resources

To help firms prepare for the December 15 deadline, the AICPA has updated its quality management resources. The revised Quality Management Practice Aid introduces several key enhancements. It expands the discussion of SQMS No. 1’s objectives and requirements, including the assignment of ultimate responsibility for the QM system and special considerations for sole practitioners. It also provides a deeper look at the eight components of a quality management system, highlighting new and enhanced requirements, implementation differences for smaller firms, and practical tools such as risk libraries and documentation templates. In addition, the practice aid details the requirements for evaluating a firm’s QM system, clarifying timing, responsibilities, and considerations for sole practitioners, and expands guidance on documentation, emphasizing what must be captured, how it may be presented, and approaches for firms of varying sizes. The AICPA also released a second resource—The Monitoring and Remediation Process for a Firm’s System of Quality Management—which outlines requirements, provides application guidance, and offers tips to help firms design, implement, and continuously improve their monitoring and remediation process.

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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.