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Proposed International Standards on Quality Management


This 1 hour recorded webinar will provide members with an overview of the requirements under proposed International Standards on Quality Management, how these standards may apply in practice, and a comparison of the proposals to existing quality control and risk management requirements.

Content Description

Accounting Professional and Ethical Standards Board (APESB) in conjunction with CA ANZ will conduct a webinar in relation to Proposed International Standards on Quality Management ED-ISQM 1 & ED-ISQM 2. The webinar will address and provide attendees with an overview of the requirements under the proposed standards quality management standards, an understanding of how the standards may apply in practice, including in relation to risk assessment, monitoring and remediation, a comparison of the proposals to existing requirements under APES 320 Quality Control for Firms and APES 325 Risk Management for Firms; and an opportunity to provide feedback in respect of the proposed standards via poll questions.

Upon satisfactory completion of this webinar you will be able to:

  • Demonstrate a broad understanding of the requirements under the proposed International Standards on Quality Management ED-ISQM 1 & ED-ISQM 2
  • Explain the proposed risk management process and the steps involved
  • Explain the proposed monitoring, remediation and evaluation process
  • Develop an appreciation of the practical implications of the proposed standards on quality management
  • Compare existing requirements under APES 320 Quality Control for Firms and APES 325 Risk Management for Firms with proposed requirements under ED-ISQM 1 and ED-ISQM 2.

Benefits

You will gain an understanding of how the proposed international standards on quality management will impact on your practice and the existing quality control and risk management activities. It will also provide you with an opportunity to provide feedback in respect of whether you generally support the proposals and any specific practical implications or concerns that you consider may result if the standards are implemented.

Channa Wijesinghe, FCPA, FCA

Channa joined the APESB in January 2007 and was the founding Technical Director and subsequently appointed as the CEO in 2016. He manages the implementation of the Board’s strategy, national and international stakeholder engagement, operations and technical work program. He has overseen the issue of APESB’s suite of 21 pronouncements and also represents the Board in the IESBA National Standards Setters Group.


Prior to joining the APESB, Channa worked for a decade with EY and Deloitte. He also spent several years in energy companies including two years with AGL Energy dealing with IFRS and financial reporting matters.


Kristen Wydell, FCA

Kristen Wydell FCA has been a member of CA ANZ for almost 20 years. She is currently General Manager Professional Standards at CA ANZ where she and her team work to keep the CA ANZ badge shiny by communicating, educating, helping, reviewing and, if necessary, disciplining members. Kristen's prior work experience was with EY and Deloitte Touche Tohmatsu where she was the Partner leading the firms audit quality and risk management team. Kristen was also a member of the Australian Auditing and Assurance Standards Board.


EVENT DETAILS


Topic: People & Leadership

Sub-Topic: Ethics, Financial Statement Audit, Governance, Operational Excellence, Other Assurance Engagements

Format: Recorded Webinar

Proficiency Level: Foundation

CPD: 1 hours