About this course
- 3 CPD hours
- December 2, 2022 - 1:00 PM ET
CPA Canada released the new Quality Management Guide (“QMG”) in August 2022, with additional guidance to follow in the fall of 2022. These new standards, specifically CSQM1, CSQM2 and CAS 220 revised, contain major revisions in terms of methodology and requirements compared to the previous standards.
CSQM 1 requires firms to adopt a risk-based approach in designing, implementing, and operating the SoQM. In general, this requires a firm to:
Marcus Guenther is a partner in FocusHGK LLP, which provides quality assurance, monitoring, EQCR and other consulting services.
Marcus an accomplished trainer in accounting and auditing, author and consultant. In particular he:
• assists many accounting firms in monitoring their quality control systems,
• authors and presents training courses on accounting and auditing topics, and
• assists with interpreting and applying professional standards on complex accounting and auditing issues.
Marcus has prepared and presented many accounting and assurance courses for CPA Canada, CPA Ontario, commercial training firms and individual firms over the years.
He was the co-author of the CPA Professional Engagement Guide (PEG) and the Quality Assurance Manual (QAM) and has authored other technical publications.