Quality Management

The quality management standards bring important changes to the way professional accountancy firms are expected to manage quality for audits, reviews, and other assurance and related services engagements. They include a new proactive risk-based approach to effective quality management systems within firms that establish the foundation for consistent engagement quality.

The new standards intend to improve engagement quality through:

  • Modernizing the standards for an evolving and increasingly complex environment, including addressing the impact of technology, networks, and use of external service providers;
  • Increasing firm leadership responsibilities and accountability, and improving firm governance;
  • More rigorous monitoring of quality management systems and remediating deficiencies;
  • Enhancing the engagement partner’s responsibility for audit engagement leadership and audit quality; and
  • Addressing the robustness of engagement quality reviews, including engagement selection, documentation, and performance.
Effective date:
15 December 2022
Singapore Quality Management Standards
SSQM 1
SSQM 2
SSA 220 (Revised)
Conforming Amendments to SSAs
Conforming Amendments to Other Standards

 

 

Implementation Support

ISCA Resources

Audit Bulletin 3 Implementation of Quality Management Standards 

Quality Management Toolkit (work in progress)

For more international resources, please click here.