Proposed International Standards on Quality Management


When?

FRI 31 MAY 2019

What Time?

1:00 PM - 2:00 PM AEST

Where?

ONLINE


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About the webinar

This one-hour live webinar will provide stakeholders with an overview of the requirements under proposed International Standards on Quality Management (ISQM), show how these standards may apply in practice and give a comparison of the proposals to existing quality control and risk management requirements.

Content Description
Accounting Professional and Ethical Standards Board (APESB) will conduct an interactive webinar in relation to Proposed International Standards on Quality Management ED-ISQM 1 & ED-ISQM 2. 

The webinar will address and provide attendees with:

• an overview of the requirements under the proposed standards quality management standards;
• an understanding of how the standards may apply in practice, including in relation to risk                    assessment, monitoring and remediation;
• a comparison of the proposals to existing requirements under APES 320 Quality Control for Firms      and APES 325 Risk Management for Firms; and
• an opportunity to provide feedback in respect of the proposed standards via poll questions.


Agenda
• Overview of the requirements under the proposed Quality Management Standards: ED-ISQM 1 &      ED-ISQM 2.
• Proposed risk management process and the steps involved
• Proposed monitoring, remediation and evaluation process
• Practical implications of the proposed standards on quality management
• Comparison of proposals to the existing requirements under APES 320 Quality Control for Firms        and APES 325 Risk Management for Firms
• Q & A


Benefits
You will gain an understanding of how the proposed international standards on quality management will impact on your accounting practice and the existing quality control and risk management activities. It will also provide you with an opportunity to provide feedback in respect of whether you generally support the proposals and any specific practical implications or concerns that you have in respect of these proposals. 

Register Today!


Your Presenters

Channa Wijesinghe, FCPA, FCA
Channa joined the APESB in January 2007 and was the founding Technical Director and subsequently appointed as the CEO in 2016. He manages the implementation of the Board’s strategy, national and international stakeholder engagement, operations and technical work program. He has overseen the issue of APESB’s suite of 21 pronouncements and represents the Board in the IESBA National Standards Setters Group.

Prior to joining the APESB, Channa worked for a decade with EY and Deloitte. He also spent several years in energy companies including two years with AGL Energy dealing with IFRS and financial reporting matters.


         

Jacinta Hanrahan CA
Jacinta joined the APESB in October 2015 and is involved in the standard setting and operational activities of the APESB.

She has ten years’ experience with PwC; initially in the Assurance and Advisory Services Division and then as a Manager in the Accounting and Consulting Services Division. She has also worked in commerce for eight years gaining senior finance experience in the not-for-profit, education, tourism and hospitality sectors.