One of the biggest changes to audit in a generation

ISQM (UK) 1 represents a significant change for audit firms. ISQM (UK) 1 replaced the ISQC (UK) 1 in December 2022. The new standard requires a more proactive approach to identifying and managing ‘quality risks’ which can result in a firm issuing an incorrect audit report. To achieve this, firms must establish and monitor a System of Quality Management (SOQM) which is more comprehensive than previous requirements.

We have tools and support for ALL audit firms!

Our ISQM pack* saves you time and gives you reassurance

*For member firms, the pack is already included in all our audit packages – log in now to download yours.

Contents:

  • ISQM 1 compliance pack – risk assessment and annual review documentation, guiding you through the key steps to successful compliance;
  • Audit Regulatory and ISQM Procedures pack – our established procedures pack has been comprehensively updated for ISQM (UK) 1 and forms the foundation of your firm’s audit policies and procedures.
  • Support for member firms via our Technical Helpline

Further support for all audit firms in adopting ISQM (UK) 1:

  • ISQM (UK) 1 – What Does it Mean for Me? –live or on-demand training course, for anyone in your team, explaining the practical implications of the new standard and the key steps to compliance;
  • Completed risk assessment for an example audit firm, providing suggestions on common risks and how these can be successfully managed;

Book now: For the course Not a member firm? The pack costs £400 + VAT. Click here to purchase