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Quality Management: Getting Ready to Apply the New Standard

Steps, Key Activities, and Best Practices for Firm Compliance.

Created byAJAG Professional Development
BeginnerUpdated Sep 21, 2025

What You'll Learn

  • check_circleUnderstand the key requirements of CSQM 1, CSQM 2, and CAS 220 revised.
  • check_circleLearn the risk-based approach for designing and implementing a System of Quality Management (SoQM).
  • check_circleReview CPA Canada's Quality Management Guide methodology and forms.
  • check_circleIdentify key activities and potential challenges in developing a firm’s Quality Management Manual.

About This Course

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:

  • Familiarization with the new quality management standards: CSQM1 (replacing CSQC1), CSQM2, and CAS 220.
  • Understanding the foundational shift from a policy-based approach to a risk-based approach in quality management.
  • Insight into the components of a robust quality management system, including governance and leadership, ethical requirements, client acceptance, engagement performance, and resources (human, technological, and intellectual).
  • Strategies for identifying and assessing quality risks tailored to your firm's unique characteristics.
  • Guidance on designing and implementing responses (policies) that effectively address identified risks.
  • Practical examples demonstrating how to translate quality objectives into actionable policies, with a special focus on the "Resources" component.
  • Awareness of requirements for network firms and the critical role of the Head of Quality Management.
  • A clear roadmap for design and implementation milestones, distinguishing between the 2022 and 2023 deadlines for various engagement types.

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.

Course Content

1 activity • 1 videos • duration: 1h 3m

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Section 11 videos • 1.1 hours
  • videocamQuality Management: Getting ready to apply the new standard
    Duration 63:51

Your Instructor

AJAG Professional Development

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star9,478 reviews

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.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

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.

What Students Are Saying

4.9 out of 5
Student's Choice
91 reviews
  • WR
    William R.
    starstarstarstarstar

    Great topic, although it was unfortunate not to see materials due to copyright

  • CC
    Cathy C.
    starstarstarstarstar

    Very informative and detailed.

  • RA
    Rajula A.
    starstarstarstarstar

    Yes it was a good match for me. Very helpful.

  • YG
    Yehia G.
    starstarstarstarstar

    Too much materials but it presented in small letters you can find difficulty to read

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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