LF logo
by learnformula
search
Log in
search
Courses/Accounting & Tax/Accounting

Quality Management: Getting Ready to Apply the New Standard

Steps, Key Activities, and Best Practices for Firm Compliance.

Created byAJAG Professional Developmentworkspace_premium
4.9
(86 reviews)
BeginnerUpdated Sep 21, 2025
Quality Management: Getting Ready to Apply the New Standard

What You'll Learn

check_circleUnderstand the key requirements of CSQM 1, CSQM 2, and CAS 220 revised.
check_circleLearn the risk-based approach for designing and implementing a System of Quality Management (SoQM).
check_circleReview CPA Canada's Quality Management Guide methodology and forms.
check_circleIdentify key activities and potential challenges in developing a firm’s Quality Management Manual.

About This Course

All firms performing assurance engagements, and this now includes compilation engagements, will be required to have systems of quality management (SoQM) designed and implemented in accordance with CSQM 1 by December 15, 2022.


CPA Canada released the new Quality Management Guide in August 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.

Key learning outcomes include:

  • Familiarization with the new quality management standards: CSQM1 (replacing CSQC1), CSQM2, and CAS 220.
  • Understanding the foundational shift from a policy-based approach to a risk-based approach in quality management.
  • Insight into the components of a robust quality management system, including governance and leadership, ethical requirements, client acceptance, engagement performance, and resources (human, technological, and intellectual).
  • Strategies for identifying and assessing quality risks tailored to your firm's unique characteristics.
  • Guidance on designing and implementing responses (policies) that effectively address identified risks.
  • Practical examples demonstrating how to translate quality objectives into actionable policies, with a special focus on the "Resources" component.
  • Awareness of requirements for network firms and the critical role of the Head of Quality Management.
  • A clear roadmap for design and implementation milestones, distinguishing between the 2022 and 2023 deadlines for various engagement types.

The focus of this one-hour training session will be to discuss the steps, key activities, forms and potential issues need to get tothe design and implementation stage. The goal of the session will review the CPA Canada Quality Management Guidemethodology and forms, with the aim of assisting firms in writing their firm’s Quality Management Manual.

Your Instructor

AJAG Professional Development
AJAG Professional Development
menu_book55 courses
star8,682 reviews

AJAG Professional Development was founded in 2003 with a mission of making professional development easier and more cost-effective for Canadian accountants and other financial advisory professionals. Our comprehensive range of flexible and reasonably-priced courses, programs and seminars are delivered online and in classroom-style settings in the Greater Toronto Area (Toronto, Oakville and Markham). AJAG features a roster of highly-qualified instructors who deliver content that is pertinent, up-to-date and engaging.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

4.9
Student's Choice
86 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.