The new quality standards issued by the IAASB will assist Audit firms to improve their quality management processes. They have to move from a more policy based approach to a risk based approach. The three interrelated standards issued by IAASB will strengthen and modernize how audit firms approach quality management. They include the standards ISQM-1, ISQM-2 and ISA220 (Revised).

An efficient way to operationalize the required quality management processes is to automate these processes as much as possible. CERRIX can help audit firms with a generic GRC tool which contains not only the required functionalities, but also ready-to-use content such as the ISQM control frameworks and specific workflows to support operational control processes. Its use-full applicability is already demonstrated by a number of well-respected audit firms. It has also confirmed that even smaller firms can easily adapt the CERRIX tooling. Our special Audit Firm template will guarantee that you will adhere to the new ISQM standards.