Navigate audit and assurance quality management standards with confidence

CPA.com and QMCore

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CPA.com and FinReg partner to deliver QMCore, a solution that helps firms effectively and efficiently comply with new audit quality management standards.

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Steps to Prepare for the New Quality Management Standard SQMS.

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Ensure your firm is prepared for the new quality management standards.

 

Streamline your audit quality management with QMCore

SQMS 1 goes into effect on December 15th, 2025, and is the latest in a line of constantly evolving quality management standards that require significant attention and changes for audit and assurance firms. Compliance can be complex and time-consuming. That's why CPA.com has partnered with FinReg Global to bring you QMCore, a comprehensive quality management system designed specifically for audit and assurance firms.

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Audit and assurance compliance

WHAT IS SQMS 1?

SQMS 1 (Statement on Quality Management Standards 1) requires audit and assurance firms to implement a robust System of Quality Management (SOQM) replacing their existing quality procedures under SQCS 8.

  • New Quality Management Standard - Statement on Quality Management Standards 1
  • Applies to all audit and assurance firms
  • Requires the implementation of a robust system of quality management
  • Replaces current quality procedures under SQCS 8

REQUIREMENTS AND CHALLENGES OF SQMS 1 COMPLIANCE, AN ITERATIVE, RISK-BASED APPROACH

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Designating and implementing an SOQM before December 15, 2025 that complies with SQMS 1

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Documenting and managing a risk assessment based on quality objectives

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Assigning responsibility to individuals to operate their system of quality management

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Establishing a monitoring and remediation approach to confirm quality objectives are achieved to ensure continuous quality across your firm

 

Why QMCore for quality management?

QMCore is a powerful solution that simplifies and streamlines your firm's audit quality management journey. It's built to help you meet your ever-evolving standards requirements, giving you peace of mind and freeing up your team to focus on what they do best: delivering exceptional audits.

Promote Compliance

QMCore is designed to align with the latest AICPA quality management standards, helping you avoid compliance risks and potential penalties.

Additional Standards

If required, QMCore can also address QC 1000, and ISQM 1 alongside SQMS 1 within the same solution.

Centralized System

Manage all aspects of your quality management system in one place, from risk assessment and monitoring to documentation and reporting.

 

QMCore Overview

 

SQMS 1 Overview

Efficiency and Automation

Automate key processes, reduce manual work, and improve overall efficiency in your quality management workflows.

Risk Management

Identify, assess, and mitigate risks to your audit quality with robust risk management tools.

Scalability

QMCore can scale with your firm's growth, ensuring you have a reliable quality management system as your needs evolve.

Don't wait until December 15th deadline. Learn more and get started.

Take action now and ensure your firm is prepared for the new standards.

QMCore addresses compliance needs for firms of all sizes

The complexity and depth of your firm’s SOQM for SQMS 1 is driven by the nature, scale and complexity of the individual firm. Generally, larger firms will have more risks and responses as well as require more reporting, depth of monitoring and the ability to manage tasks across a larger workforce.

Answering the following questions will help identify what resources you need:

  1. Do I need to address QC 1000 and/or ISQM 1 as well as SQMS 1?
  2. How many audit and assurance professionals are in my firm?
  3. How many Audit partners does the firm have?
  4. Are we a more complex firm?

Receive a bespoke demo based on your firm’s specific needs

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Additional QMCore resources on quality management

WATCH

 

Introducing QMCore - Your Trusted SQMS 1 Solution

 

 

The SQMS 1 Compliance Challenge

 

 

Built Specifically for SQMS 1

 

 

Ditch the Spreadsheets: The QMCore Advantage

 

 

Scalable Quality Management for Every Firm

Claritas est etiam processus dynamicus, qui sequitur mutationem consuetudium lectorum.

Watch video

 

 

Why Leading Firms Choose QMCore

 

 

Audit-Ready Compliance: QMCore's Permanent Audit Trail

 

 

Secure, Reliable Cloud Platform

 

 

Streamlined Collaboration for Quality Teams

 

 

Real-Time Insights with QMCore Dashboards

 

Building a future ready firm

The accounting landscape is changing rapidly and one word—complexity—defines both the greatest challenge and opportunity for CPAs. To keep pace with client expectations, firms are rethinking their strategies for practice management, client services and talent development.

CPA.com is your primary source for taking the complexity out of moving your firm into the digital arena – enabling you to focus on growing your business with the smartest solutions in our profession.

To learn more about CPA.com, please contact our team at inquire@hq.cpa.com or by calling 1.855.855.5CPA.

Questions? We're here to help