Preparing your resource management for ISQM 1

Preparing your resource management for ISQM 1

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.

Download the guide

This guide can help you prepare for and implement the resource and engagement management related components of ISQM 1. It:

1. Provides an introduction to ISQM 1 and the key quality objectives
2. Signposts you to further ISQM 1 implementation support material, and
3. 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; and Monitoring and remediation.