AICPA SQMS No 2 Explained

Published on11 October 2024

The AICPA’s new System of Quality Management Standards (SQMS) No. 2 is set to transform engagement quality reviews (EQRs) within CPA firms. With a compliance deadline for audits or reviews with periods beginning on or after December 15, 2025, it is crucial for firms to understand the implications of these changes. Here are five key points about SQMS No. 2, highlighting its significance and the challenges ahead.

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AICPA SQMS No 2 Explained

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