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IESBA and IAASB Clarify Link Between ISQM 1 and FCG Viewpoints

2026-04-29T13:00:45+02:00

LATEST UPDATE IESBA and IAASB Complete Analysis on Linkages between ISQM 1 and FCG Viewpoints The analysis: Explains linkages and key differences between IESBA’s FCG viewpoints and ISQM 1 Highlights their mutually supportive nature and key differences in their objectives, scope, output and focus Was developed in close coordination with the IAASB, responding to calls from stakeholders. The International Ethics Standards Board for Accountants (IESBA) has released the complete analysis of the linkages, available on: https://www.ethicsboard.org/publications/linkages-between-iesba-viewpoints-and-isqm-1 between the International Standard on Quality Management (ISQM) 1, available on: https://www.iaasb.org/publications/international-standard-quality-management-isqm-1-quality-management-firms-perform-audits-or-reviews and the IESBA’s Firm Culture and Governance [...]

IESBA and IAASB Clarify Link Between ISQM 1 and FCG Viewpoints2026-04-29T13:00:45+02:00

EQR and Monitoring Reviews Webinar

2026-03-05T12:13:21+02:00

Clarifying the distinct roles of EQR and Monitoring Reviews under the new quality management standards. Overview One of the most common areas of confusion in the new quality management standards is understanding the distinct — and critical — roles of ISQM 1 file monitoring and the Engagement Quality Review (EQR) required by ISQM 2. At first glance, they can seem very similar. In both cases, a qualified professional reviews an audit file and documents conclusions. Because of that, it’s easy to assume they serve the same purpose — or worse, that one can replace the [...]

EQR and Monitoring Reviews Webinar2026-03-05T12:13:21+02:00

EQR and Monitoring Reviews Webinar

2026-02-26T19:16:58+02:00

Clarifying the distinct roles of EQR and Monitoring Reviews under the new quality management standards. Overview One of the most common areas of confusion in the new quality management standards is understanding the distinct — and critical — roles of ISQM 1 file monitoring and the Engagement Quality Review (EQR) required by ISQM 2. At first glance, they can seem very similar. In both cases, a qualified professional reviews an audit file and documents conclusions. Because of that, it’s easy to assume they serve the same purpose — or worse, that one can replace the [...]

EQR and Monitoring Reviews Webinar2026-02-26T19:16:58+02:00

Recap of 2025

2026-02-03T14:48:19+02:00

As we come to the close of 2025, it’s appropriate to reflect on key articles and updates communicated throughout the year. In this article, we identify key takeaways and focus areas for 2026.   Articles The following topics were addressed in the monthly articles issued during 2025: Updates to requirements Audit quality findings Practical application guidance Changes in SAICA Training Regulations (January) Bending the Rules (February) Proactive Audit Quality: A Continuous Improvement Approach under ISQM 1 (March) Audit of Body Corporates and Homeowners’ Associations (April) Professional Scepticism [Business rationale for significant transactions (journal [...]

Recap of 20252026-02-03T14:48:19+02:00

The new face of quality management

2022-09-12T14:33:25+02:00

The new face of quality management There has been significant activity in the quality management arena over the past few years, culminating in the approval of the set of new quality management standards at the September 2020 IAASB meeting. Subject to final approval by the Public Interest Oversight Board later this year, it is anticipated that the standards will be issued by the end of the year and that the profession will have 24 months to implement the changes introduced with these new standards. Key changes The set of [...]

The new face of quality management2022-09-12T14:33:25+02:00

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