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IAASB - International Standard Quality management (ISQM) Article
In December 2018, the IAASB approved proposed revisions to the quality management standards, for firms and audit engagement teams. The revisions will change how firms manage quality, and will likely require increased effort for most firms. They could also affect firms’ organizational structures and operations. The revisions will also require greater leadership by engagement partners in managing and achieving quality engagements. Read more.