| Discussion Leader: |
Douglas E. Rodrigues, CPA, CGMA, Principal – Rodrigues, Drum & Company, LLC & Vangjel Jorgali, CPA, Senior Audit Manager – The ZLC Group CPAs LLC |
| Details: |
- The effective date of the new quality management standards continues to quickly approach. A firm’s system of quality management must be operational by December 15, 2025; therefore, firms will need to have identified and understood their firm’s individual risks and have implemented the appropriate risk responses.
Attend this session to understand how these changes reshape peer review expectations and firm responsibilities under the updated framework:
- Aligning with SQMS 1–2, SAS 146, and SSARS 26: Learn how the AICPA’s Statements on Quality Management Standards reinforce scalable, risk‑based systems for both firm‑level quality management and engagement reviews.
- PRSU 2 Highlights: Explore the updated terminology and risk‑based provisions introduced in PRSU No. 2, accounting for the shift away from traditional quality control structures.
- Firm Responsibilities Elevated: Understand new expectations that firm leadership—specifically the CEO or managing partner—must annually assess and certify that the QM system “provides reasonable assurance” of meeting quality objectives.
- Implementation Timelines & Resources: Firms must adopt a compliant QM system by December 15, 2025, with early adoption permitted. Peer reviews beginning December 2024 will apply only the omnibus changes, while full QM‑aligned standards take effect starting with firm years ending December 31, 2025. We will also provide practical aids, checklists, and a crosswalk between SQCS and SQMS to support compliance.
Why Attend?
Participants will walk away with:
- A clear roadmap for preparing firm systems and policies to satisfy the updated standards.
- Insight into how peer review procedures and documentation expectations will evolve.
- Practical tips on conducting risk assessments, governance reviews, and designing remediation processes.
- Access to AICPA implementation tools tailored for sole practitioners and small–medium firms AICPA & CIMA+6Journal of Accountancy+6Thomson Reuters Tax+6orgorcpa.org.
Join us to ensure your firm remains ahead of the curve and fully prepared to meet AICPA peer review expectations under the new quality management paradigm.
Who Should Attend
- Managing Partners
- Quality Control/Assurance Partners
- Peer Reviewers
- Firm Administrators
- Audit & Assurance Leaders
Registration Form: Fall 2025 CPE Registration Form
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