Risk-based quality management
The adoption of the new Canadian Standard on Quality Management (CSQM) 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 level, and helps practices deliver assurance services with confidence.
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 CSQM standards. Ensure that your firm is equipped with the necessary resources 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.
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 data breaches, unauthorized access to sensitive information and other security issues.
Comply with confidence
Boost efficiency and productivity
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:
Select relevant objectives, create your own risks, policies and procedures, schedule tasks and publish your system of quality management.
Easily view the published system, including objectives, risks, policies and procedures, create new tasks and complete assigned ones.
Get an overview of a firm’s tasks and reports and the ability to see outstanding tasks and review registers — all from one central location.
Determine the nature, timing and extent of monitoring activities that will be performed and create work programs from activities selected for testing.
Assess the system and conclude whether the objectives are being achieved. Also get the option to identify issues and remedial actions.