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Quality Management
Quality Management
A modern system of quality management (SoQM) that leverages digital technology to provide firms with practice-wide insights which were previously unattainable. No more checklists or spreadsheets.
Includes comprehensive configuration of your firm's quality objectives and designing of associated risks and responses (in line with the ISQMs), flexible risk assessment documentation, prompted reassessment, and real-time monitoring.
An entirely new way to think about quality management
Respond to configuration questions designed to tailor your SoQM and ensure compliance with the ISQMs requirements
POPULAR FEATURES:
Standards Compliant
Comprehensive suite of questions to ensure alignment to the ISQMs requirements
Supported Configuration
Utilize Inflo Hybrid Intelligence to recommend Quality Risks and suggest mitigating Responses
Transparency
Quickly identify and assign responsibilities within the SoQM to increase confidence and transparency
Dynamically supports complex many-to-many relationships between Quality Risks and Responses
POPULAR FEATURES:
Risk Assessment
Unique and flexible scoring system allows your firm to document your risk assessment reasoning, easily and clearly
Easy Review
Perform risk assessment visually through our Spectrum of Inherent Risks graph
Visual Checks
Ensure your Responses address the Quality Risks appropriately visually through our Spectrum of Residual Risks graph
Standardized Documentation
Consistently implement and standardize your documentation of Responses
Tailor the SoQM to align with your firm’s individual circumstances and needs and increase transparency and efficiency through better project management
POPULAR FEATURES:
Tailored Content
Tailor or delete, add Quality Risks and Responses bespoke to your firm or import from Inflo’s Content library
Individualized Assessment
Assess and assign risk scores to each Quality Risk and subsequent reduction scores to each mitigating Response in line with the nature and circumstances of your firm
Assign Responsibility
Assign responsibility and reassessment dates at the overall SoQM level, or individually for each Quality Risk or Response
Once the SoQM has been designed and implemented you are now ready for monitoring activities to continually refine and improve
POPULAR FEATURES:
Automatic Notifications
In-platform notifications of reassessment dates of Quality Risks and Responses
Consistent Evaluation
Perform and document consistently the annual (as required by ISQMs) evaluation of your SoQM, which is saved logged, and accessible whenever needed
Quick Actions
Ability to add, track and assign remedial actions to any deficiencies identified as part of the evaluation of your SoQM
Real-Time
Real-time monitoring & review of engagements through Audit Quality Indicators (AQIs)
Inflo QMS - Product Overview
Ensuring your firm embraces a modern approach to designing and implementing a system of quality management is easy with Inflo QMS. Our short explainer video provides you with a quick look at how Inflo QMS can help you get there!
Stay up-to-date on Inflo QMS updates
Inflo QMS, a practical solution using technology to enable a modernized quality management system, will be available from April 2022. Available as stand-alone product or as part of Inflo's innovative Digital Audit suite, Inflo QMS utilizes hybrid intelligence to assist firms with effectively designing and implementing a comprehensive, standards driven, risk-based system of quality management .
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