Quality Management Standards

Overview

New quality management standards became effective from 15 December 2022. The standards are expected to raise the bar for quality management across the profession. The three interrelated standards strengthen and modernize how firms approach quality management.

1. International Standard on Quality Management 1, Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements (ISQM 1)
2. International Standard on Quality Management 2, Engagement Quality Reviews (ISQM 2)
3. International Standard on Auditing 220 (Revised), Quality Management for an Audit of Financial Statements (ISA 220 Revised)

Through these standards, ICPAU in support of IAASB will address the evolving and increasingly complex environment, including growing stakeholder expectations and a need for quality management systems that are proactive and adaptable.

CPD Hours:

Participants will be awarded 7 hours of CPD upon full time attendance.

Fees:

Members & Students without arrears: UGX 190,000

Non-Members & Members with arrears: UGX 200,000