New Quality Management Standards - Part 2 - Inflo's technology-driven approach
In Part 1 of this whitepaper series, The Changes That Are Coming and How They Will Impact Audit Firms, we discussed the new set of quality management standards, implementation timing and what your firm needs to be thinking about now to get ready.
Here in Part 2, we introduce Inflo’s practical approach for using technology to enable a modernized quality management system. As we will discuss, technology has a great deal to offer in
supporting the design of a modern quality management system.
- Learn how static forms, checklists and spreadsheets make it nearly impossible to deliver a comprehensive, risk-based SoQM
- Discover how many-to-many risks relationships between quality components, objectives, risks and responses can be managed easily
- Learn how technology can provide firms with practice-wide, data-driven insights insights