The Canadian Standards for Quality Control (CSQC1) have been replaced the Canadian Standard for Quality Management (CSQM1 and CSQM2).  For non-assurance firms, there is a one-year deferral to December 15, 2023. 
This session will review the requirements of the new standards and is intended for non-assurance firms.  At the end of the session you will have a road map of the decisions that will need to be made and the changes, if any, required to ensure your quality control processes and procedures are compliant with the new standards. 

Topics Include:
• Discussion around the current environment and driver for the new requirements including Canada’s role in IFAC and standards development and timeline of work performed 
• Why are the standards changing? Highlight the critical issues identified and resolved through review of basis of conclusions and decisions reached  
• What are the new standards? Summary of the 8 components of CSQM1
• What are the most significant areas of change? Focus will be on resources and information and communication 
• How do we apply the new standards?  Risk based approach, focus on outcomes not rules, scalability, identification of quality objectives and identifying risks to achieving the qualify objectives
• How do we monitor and evaluate post implementation? 
• What are my next steps?  Examples of questions that can be asked and answered, identification of firms specific risks and preliminary consideration of responses.  Summary of resources that are coming with updated QAM and implementation tool.

Applicable For:
This course is intended for practitioners who are in charge of, or familiar with the firm’s quality control processes that provide compilation and other non – assurance service. This course is not intended for those that provide assurance services 

What to Expect
• An email will be sent from CPA Manitoba to the participant within two business days of registration. The email will include information on how to access the course along with the necessary login credentials. 
• Once sent, the email will also be found in your Account Communication tab of the CPA Manitoba Member Portal.
• This course is designed for participants to view while following along with the course material provided. 
• This self-study course allows the user to save their progress and return to continue later.

Registration is for this course is open until March 31, 2024 and should be completed by August 31, 2024, after this time, access to the course will no longer be available.

To receive a certificate, participants must complete a quiz at the end of the course. Unlimited quiz attempts are available until the passing grade of 70% or better is achieved. After this you will no longer have access to the quiz.