New AICPA Quality Management Standards: Implementing a Compliant and Effective Quality Management System

Course Details
- smart_display Format
Live Online with Live Q&A
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Accounting
- event Date
Monday, August 11, 2025
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
110 minutes
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BARBRI is a NASBA CPE sponsor and this 110-minute webinar is accredited for 2.0 CPE credits.
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Live Online
On Demand
This webinar will address the requirements of the AICPA Auditing Standards Board's new quality management standards. Our expert panel of CPAs, who have extensive experience in quality management will review the key components of the latest standards, explain how the requirements vary based on the size and type of firm and provide practical recommendations for establishing an effective quality management system.
Faculty

Mr. Crow is an Assistant Chief at CPAClub, bringing over six years of comprehensive experience in both public and private industry auditing. His career began at KPMG, where he spent four years honing his expertise in US GAAS and PCAOB audits. During his tenure, Mr. Crow worked on a variety of high-profile engagements, including large public filers and diverse private industry audits. At CPAClub, he plays a pivotal role in driving quality management initiatives across the firm's member base. In this capacity, Mr. Crow has been instrumental in designing and implementing quality management standards, including SQMS 1, SQMS 2, and PCAOB QC-1000, tailored to the needs of CPAClub's members. He supports both accounting firms and corporate businesses by providing customized compliance strategies, fractional audit support, and managed accounting services

Mr. Vanover is an entrepreneur, CPA, and college educator with over two decades of diverse experience in accounting, auditing, and regulation across global and regional public accounting firms, the Public Company Accounting Oversight Board (PCAOB), and academia. Recognized as one of the Top 100 Most Influential People in Accounting and an Innovator to Watch by Accounting Today, he has also been nominated for prestigious awards, including the Orange County Business Journal’s Excellence in Entrepreneurship and Innovator of the Year. Prior to founding CPAClub, Mr. Vanover was an audit partner at a Top 40 firm, where he oversaw the firm’s system of quality control for the audit practice across nine offices. His experience also includes 13 years with PwC, where he was a member of the Chief Auditor Network within its National Quality Organization. In this role, Mr. Vanover provided technical auditing and methodology advice, supported national and local leaders on audit quality initiatives, and led numerous technical training programs for engagement teams. From 2011 to 2013, he served as a technical advisor within the PCAOB’s Office of Research & Analysis, performing technical consultations and contributing to strategic projects, including developing audit quality indicators. Since 2010, Mr. Vanover has also served as an Adjunct Professor of Accounting & Auditing at local universities, sharing his knowledge and practical experience with students.

Mr. Yujuico has nearly 20 years of extensive experience in both public and private industry accounting and auditing. Recognized as a 20 Under 40 Top Influencer by CPA Practice Advisor, his career reflects a deep commitment to advancing accounting and auditing practices and supporting professionals. Mr. Yujuico spent the first 12 years of his career at PwC, where he excelled in the assurance practice, serving a diverse portfolio of both public and privately held clients. His role involved complex audit engagements and provided him with a robust understanding of various industry sectors and regulatory environments. Mr. Yujuico also served in PwC’s Chief Auditor Network within its National Quality Organization. In this capacity, he advised audit engagement teams nationwide on auditing methodology and best practices, contributing to the development and implementation of key audit quality initiatives. Mr. Yujuico also played a pivotal role in facilitating numerous technical training programs, helping to elevate the firm’s overall audit quality and compliance standards. After transitioning from PwC, he spent four years in a technical accounting role at Pacific Life, a Fortune 500 financial services company. Mr. Yujuico led significant implementations of Accounting Standard Updates issued by the FASB, managing large-scale projects that required intricate coordination and strategic oversight. His efforts in this role helped ensure the company’s adherence to evolving accounting standards and enhanced its financial reporting processes.
Description
The scope of the AICPA's new Statements on Quality Management Standards (SQMS) is far-reaching. The standards require the creation and implementation of a new quality management system and impact all attestation engagements (audits, compilations, reviews, etc.).
The Quality Management Standards include four new standards, each designed to enhance the quality of CPA firms' attestation engagements:
- SQMS No. 1, A Firm's System of Quality Management
- SQMS No. 2, Engagement Quality Reviews
- Statement on Auditing Standards (SAS) No. 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards
- Statement on Standards for Accounting and Review Services (SSARS) No. 26, Quality Management for an Engagement Conducted in Accordance with Statements on Standards for Accounting and Review Services
The most notable shift under SQMS 1 is the requirement for firms to design and implement a system of quality management by December 15, 2025. This includes establishing a monitoring process that results in an annual evaluation of the system covering audit and attest services.
The deadline is fast approaching. The standards apply to engagements with periods beginning on or after December 15, 2025, though earlier adoption is encouraged. Firms must understand the new requirements and take steps now to ensure effective implementation.
Listen as our expert panel of accounting professionals explains the content of the new quality management standards and offers practical advice on expeditiously establishing a compliant and effective system.
Outline
I. Introduction to the New AICPA Quality Management Standards
II. The firm’s risk assessment process – SQMS No.1
III. Developing quality responses
IV. The role of the Engagement Quality Reviewer- SQMS No. 2
V. On-going monitoring
VI. Practical examples to facilitate the implementation
Benefits
The panel will cover the top 20 frequently asked questions related to the AICPA’s new quality management standards. Some of the topics to be addressed are:
- Understanding the key changes introduced by the new standards
- Common challenges and pitfalls of firms during implementation
- Scaling your firm’s system based on size, complexity, and types of engagements
- Practical tips for effectively implementing a compliant and effective quality management system
- Documenting the system of quality management and use of technology
- Monitoring and annual evaluation requirements
- Case studies of firms who have implemented a new system of quality management
NASBA Details
Learning Objectives
After completing this course, you will be able to:
- Determine steps to facilitate the transition to the new quality management system
- Decide how risk methodology can be appropriately scaled under the new standards
- Ascertain qualifications of the engagement quality reviewer
- Identify key components of the AICPA's new quality management standards
- Field of Study: Accounting
- Level of Knowledge: Intermediate
- Advance Preparation: None
- Teaching Method: Seminar/Lecture
- Delivery Method: Group-Internet (via computer)
- Attendance Monitoring Method: Attendance is monitored electronically via a participant's PIN and through a series of attendance verification prompts displayed throughout the program
- Prerequisite:
Three years+ business or public firm experience, preparing reviewed, compiled, and audited financial statements and the relative disclosures. Specific knowledge and understanding of GAAP, SSARS, and peer review policies.

Strafford Publications, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of Accountancy have final authority on the acceptance of individual courses for CPE Credits. Complaints regarding registered sponsons may be submitted to NASBA through its website: www.nasbaregistry.org.
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