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Audit Quality Management (SQM)

Audit Quality Management (SQM)

An intuitive cloud-based solution that optimizes the audit quality management system.

The adoption of the new International Standard on Quality Management (ISQM) is driving audit firms toward a modernized, risk-based approach to quality management. Technology plays an important role in enabling these changes.

The Caseware SQM solution is a cloud-based technology that helps an audit firm design, implement, optimize and maintain a risk-based quality management system in accordance with the requirements of International Standard on Quality Management 1, Quality Management for Firms That Perform Audits or Reviews of Financial Statements , or Other Assurance or Related Services Engagements (ISQM 1).

Whether you are a small audit firm, a network audit firm, or a global leader in the audit industry, SQM on the Caseware Cloud platform offers an effective solution for developing, operating, monitoring and evaluating your quality management system (QMS).

 

Main advantages

Centralized storage of data

a single copy of all goals, risks, policies, and objectives with supporting documentation on a single platform with backup and storage.

Built-in version control

keep track of your SQM versioning with built-in version control every time an update is published and easily track all changes.

Targeted risk management

create a truly scalable quality management system using the built-in risk assessment matrix.

Real-time notifications

keep up to date with staff activities and tasks by receiving email notifications of all changes and updates.

Constant updates

adaptation to possible changes in ISA legislation, audit firm policies, network requirements or policies, and monitoring results.

Making connections

follow an orderly process regarding goals, risks, policies, responses and objectives, linking relevant elements to each other.

Controlled access

reduce the risk of data leaks, unauthorized access to sensitive information, and other security issues by configuring access to various modules in the program based on roles and responsibilities.

Built-in Goals

with built-in content and predefined goals, information is documented once through a structured workflow that reduces the risk of inconsistencies and errors in SQM.

Recommended products

SQM module

is a cloud-based solution that helps an audit firm develop, implement, optimize, and maintain a quality management system.

Caseware Cloud

a cloud platform that allows you to access, store and share project data and other external sources with your team members in the cloud and more effectively manage the audit, analytics process. Shared features eliminate the risk of data duplication and facilitate seamless collaboration.
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