CPA Ireland has launched a
Quality Management Resource to assist audit firms with the implementation of three new quality management standards. The standards will become effective for audit firms later in December and will replace the current quality standard upon which the processes and procedures of Irish audit firms are based – ISQC1. The standards were issued by the Irish Auditing and Accounting Standards Authority (IAASA) and are based on the global standards issued by the International Auditing and Assurance Standards Board (IAASB).