YouTube

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. Click here to watch.

About CPAClub

CPAClub helps firms move forward. Through our award-winning subscription model, firms gain flexible access to experienced accounting and advisory professionals and technology applications that help expand capacity, strengthen audit quality, navigate regulatory change, support modern professional development, and drive transformation.

Founded and led by one of Accounting Today’s Top 100 Most Influential People in Accounting and CPA Practice Advisor’s 20 Under 40 Top Influencers, CPAClub has been recognized as the CalCPA Firm of the Year and a Top New Product by Accounting Today. Learn more at cpaclub.cpa.

Subscribe to Newsletter

Subscribe to receive the latest thought leadership posts to your inbox.

By subscribing, you agree to our Privacy Policy.
Share This Post

Related Articles

Stories
The countdown is on. On December 15, 2025, the AICPA Quality Management Standards (SQMS Nos. 1 and 2) become effective. For sole practitioners and local or regional firms, the deadline is real and time is short. From our research and discovery calls, we know plenty of firms have already implemented, either on their own or with...
Stories
Most accounting firm leaders are not prepared for what is coming. AI, private equity, and constant regulatory shifts are accelerating commoditization across the profession, and the firms that survive will not be the ones with the cheapest hours or the slickest tech stack. In a new feature published today in Accounting Today, Drew Carrick, who...
Interviews
We’ve been hearing it for years, but especially in 2023 as generative AI rocked the world: Automation and artificial intelligence are here and they’re coming for all the routine, mundane, repeatable tasks that have traditionally been accountants’ bread and butter. Click here to read.

Expert audit, advisory, and regulatory support to enhance quality, increase efficiency, and strengthen compliance.

Scalable accounting, advisory, and CFO solutions to streamline operations, ensure compliance, and drive growth.

logo-calcpa
CalCPA Firm of the Year

Thank you to our passholders, crew, and allies. See why they trust us to lead the way.