Download your ISQM 1 guide
The International Standard on Quality Management (ISQM) 1 applies to all firms that ‘perform audits or reviews of financial statements, or other assurance or related services engagements,’ and will become mandatory from December 15, 2022.
Against a backdrop of increasingly robust regulation of the sector, the standard aims to put a commitment to audit quality at the heart of a firm’s culture and operations.
Using insight from our customers, this whitepaper explores how Dayshape can support ISQM 1 compliant resource management practices.
This guide can help you prepare for and implement the resource and engagement management related components of ISQM 1. It:
- – Provides an introduction to ISQM 1 and the key quality objectives
- – Signposts you to further ISQM 1 implementation support material
- – Details how Dayshape’s automated resource management software can support your firm’s system of quality management (SOQM) in the following components of ISQM 1: Resources; Information and communication; Acceptance and continuance; Engagement performance; Monitoring and remediation