Right-size your quality management documentation for SQMS No. 1

Optimizing Quality Management Documentation for SQMS No. 1

To ensure compliance with the Statement on Quality Management Standards No. 1, firms must create a comprehensive and right-sized quality management documentation. The standard, which becomes effective on December 15, 2025, requires more than just a static document.

The goal is to have a living QM system that is designed, implemented, operated, and evaluated on an ongoing basis. This approach ensures that the quality management system is dynamic and adaptable to the firm's needs.

A Firm’s System of Quality Management requires a critical and required step for compliance with the standard.

Author's summary: Optimize quality management documentation for SQMS No. 1 compliance.

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Journal of Accountancy Journal of Accountancy — 2025-10-15

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