How to implement ISQM 1 at a mid-tier firm

19 Jan 2023

Aron Kleiman, head of audit and accounts at Wilson Wright LLP, shares the practical challenges involved in implementation of the firm’s system of quality management to meet ISQM requirements

For those of us involved with quality management at firms that perform audits or similar assurance engagements, the final stretch of the 2022 calendar year was busier than usual as ISQM (UK) 1 (International Standard on Quality Management (UK) 1) Quality management for firms that perform audits or reviews of financial statements, or other assurance or related services engagements, went live on 15 December 2022.

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