Steps, Key Activities, and Best Practices for Firm Compliance.
All firms performing assurance engagements, and this now includes compilation engagements, will be required to have systems of quality management (SoQM) designed and implemented in accordance with CSQM 1 by December 15, 2022.
CPA Canada released the new Quality Management Guide in August 2022. These new standards, specifically CSQM1, CSQM2 and CAS 220 revised, contain major revisions in terms of methodology and requirements compared to the previous standards.
Key learning outcomes include:
The focus of this one-hour training session will be to discuss the steps, key activities, forms and potential issues need to get tothe design and implementation stage. The goal of the session will review the CPA Canada Quality Management Guidemethodology and forms, with the aim of assisting firms in writing their firm’s Quality Management Manual.
AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
