SQMS 1-What’s Next: Firm Viewpoints and Plans on Monitoring & Remediation

This webinar will let you hear how firms are putting Monitoring & Remediation into motion under SQMS 1: what they’re monitoring, when they are monitoring, how they’re monitoring, and how they are reporting internally. You will also hear from global subject matter experts on how firms are evaluating findings and deficiencies. We’ll share practical examples of how firms are structuring, executing and managing their monitoring to support the annual evaluation.

Panelists will include subject matter experts and firms who will provide local and global perspective for firms from sole practitioners to larger firms. You will also get the opportunity to pose questions on what’s working and not working right now as they operationalize Monitoring & Remediation.

Learning Objectives:

• Identify core components of an effective SQMS 1 Monitoring & Remediation program, including what to monitor, timing/cadence, roles/responsibilities, and internal reporting expectations
• Differentiate firm approaches to designing risk-aligned monitoring plans, including selecting monitoring procedures and determining sampling strategies appropriate to firm size and engagement profile
• Evaluate how firms assess monitoring results to determine when issues rise to the level of findings or deficiencies, including considerations for severity, pervasiveness, and root cause
• Apply practical methods for documenting and managing remediation to closure, so monitoring outcomes support annual evaluation and internal governance

1 hour