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NEWS ALERT
NEW QUALITY MANAGEMENT IMPLEMENTATION GUIDES NOW AVAILABLE
Guides Provide a Pathway to a Robust, Effective Quality Management System

(New York, New York, June 14, 2021)

The International Auditing and Assurance Standards Board (IAASB) today released two guides to help stakeholders implement its suite of quality management standards. The guides will help stakeholders understand the standards and properly implement the requirements in the manner intended:

The IAASB will also issue an implementation guide for International Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements, in Q3. The suite of quality management standards come into effect on December 15, 2022.     

These publications do not amend or override the International Standards on Quality Management (ISQMs), the texts of which alone are authoritative. Reading the publications are not a substitute for reading the ISQMs.

The IAASB encourages all practitioners to plan early for appropriate implementation, given the potential impact of the changes to firms’ systems of quality management.

Contact:
Megan Hartman
Senior Manager, Communications
+1 212 286 9344
meganhartman@iaasb.org

 
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