Risk-based quality management
The adoption of the new International Standard on Quality Management (ISQM) is moving accounting firms toward a modernized, risk-based approach to quality management. To bring about this change, technology is going to play an essential role.
Introducing Caseware SQM – a robust, intuitive, cloud-based system of quality management designed for progressive accounting firms. It’s easy to design, implement and manage at the firm and engagement levels, and helps practices deliver assurance services with confidence.
Features
Built-in risk assessment process with guidance and checklists
Gain an understanding of the firm, identify quality risks, set risk assessment thresholds and assess the potential effect on the business. Proactively approach risk management by spotting potential risks before they occur and take preventative measures to reduce the likelihood of non-conformance.
Rich library of risks, policies and procedure responses
Designed and approved by a global group of industry experts in the field of quality management and assurance, SQM facilitates compliance to both global and localized quality management standards such as ISQM, SQMS, CSQM, ASQM, NIGC, etc. Ensure that your firm is equipped to address a wide range of quality-related issues.
Automated notifications delivered in real time
Get notified about staff activities and tasks instantaneously through email notifications on all changes and updates, and receive reminders about periodic tasks as per the frequency defined during the design phase. Increase efficiency and free up employees’ time and resources to focus on other important tasks.
Controlled access
Flexibility to assign access to different modules within the application based on the roles and responsibilities within the process, ensuring quality control. Reduce the risk of costly data breaches, unauthorized access to sensitive information and other security issues.
Benefits
Comply with confidence
Build trust
Boost efficiency and productivity
Drive growth
Ensure consistency
Supporting tools
Elevate your Caseware quality management experience
To ensure quality assurance standards are fully met, Caseware SQM is designed with a dynamic workflow split into five modules:
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Design
arrow_forwardSelect relevant objectives, create your own risks, policies and procedures, schedule tasks and publish your system of quality management.
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Operate
arrow_forwardEasily view the published system, including objectives, risks, policies and procedures, create new tasks and complete assigned ones.
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Operate overview
arrow_forwardGet an overview of a firm’s tasks and reports and the ability to see outstanding tasks and review registers — all from one central location.
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Monitor
arrow_forwardDetermine the nature, timing and extent of monitoring activities that will be performed and create work programs from activities selected for testing.
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Evaluate
arrow_forwardAssess the system and conclude whether the objectives are being achieved. Also get the option to identify issues and remedial actions.
The Need for Modernizing Your Quality Management System
Find the answers you need
No. Caseware SQM can be used by firms of all sizes irrespective of whether they are an existing Caseware customer or not.
Yes, integration probabilities within the Caseware ecosystem will allow users with SQM and Caseware engagement files to automate policy procedures and tasks based on criteria from information documented within Caseware engagement files.
Yes, Caseware SQM enables users to utilize the local quality management standard applicable in their geography and includes references and content for different regions. Caseware SQM helps firms comply with the following quality management standards across the globe:
- International Standard on Quality Management (ISQM),
- Statement on Quality Management Standards (SQMS),
- Canadian Standard on Quality Management (CSQM),
- Australian Standard on Quality Management (ASQM),
- Norma Internacional de Gestión de la Calidad (NIGC).
SQM is not reliant on users leveraging any particular software for engagements. Engagement files are not stored. Engagement purchases are not required.
Firms can still buy SQM, but they will also need to purchase Caseware Cloud licenses for the users.
