IFAC & World Bank Global Quality Management PAO Knowledge Exchange

In September 2020, the IAASB approved its new and revised suite of Quality Management standards. They focus on quality and more robustly address firms’ governance and leadership, resources, communication, and monitoring and remediation. The standards are effective December 15, 2022.

The successful adoption and implementation of these standards will go a long way toward advancing the accountancy profession, achieving high-quality engagements, and maintaining public trust. PAOs worldwide have long been on the frontlines pushing for the adoption and implementation of international standards and best practices.

How are PAOs taking on a proactive role to support members with the adoption & implementation of the QM standards in advance of the upcoming effective date? What product solutions are currently available to assist with the realities of implementation?

IFAC & the World Bank invite PAO representatives to join us for this knowledge exchange to learn more! Simultaneous interpretation will be provided to Arabic, French, Spanish, and Russian during the main event.

*This event is intended for PAO staff & representatives only. The event will be livestreamed on IFAC’s YouTube channel for other interested parties. There is no interpretation available in the livestream*

Part 1: PAO Knowledge & Experience Exchange
With representatives from:
• Institute of Singapore Chartered Accountants
• Instituut van de Bedrijfsrevisoren - Institut des Réviseurs d'Entreprises (Belgium)
• Institute of Chartered Accountants in England and Wales
• Instituto dos Auditores Independentes do Brasil
• CPA Canada
• South African Institute of Chartered Accountants
• Pan African Federation of Accountants
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Part 2: Available Solutions
With representatives from:
• CaseWare Africa
• Grant Thorton
• Inflo
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With opening & closing remarks from:
• Kevin Dancey, IFAC CEO
• Monica Foerster, Chair, IFAC SMP Advisory Group
• Jelena Misita, Chair, IFAC PAO Development & Advisory Group
And opportunity for Q&A moderated by Kristy Illuzzi, Principal, IFAC SME/SMP Research.