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AICPA Releases Quality Mgmt Standards

 QualityFour new quality management standards have been released by the American Institute of CPAs. The standards are effective Dec. 15, 2025.

. The AICPA’s statement said the news standards reflect new realities in practice, such as an increased emphasis on risk assessment, changes in technology and the growing use of external service providers.

The standards, released by the Auditing Standards Board and Accounting and Review Services Committee, are the following:                                                                                            *Statement on Quality Management Standards (SQMS) No. 1, A Firm's System of Quality Management;                                                                                                                                                      *SQMS No. 2, Engagement Quality Reviews;                                                                                                                                                                                                                                  *Statement on Auditing Standards (SAS) No. 146, Quality Management for an Engagement Conducted in Accordance with Generally Accepted Auditing Standards; and                                     *Statement on Standards for Accounting and Review Services (SSARS) No. 26, Quality Management for an Engagement Conducted in Accordance with Statements on Standards for Accounting and Review Services.

The standards have been adapted for use by CPA firms in the United States based on the International Auditing and Assurance Standard Board's quality management standards, which take effect Dec. 15, 2022.  

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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