SQM 1 Gap Assessment

Has your firm designated a quality management leader?

Does leadership actively promote a quality-first culture?

Are partner responsibilities for quality documented?

Do you have a documented independence policy?

Is independence monitored for all engagements?

Are ethical breaches tracked and remediated?

Is client acceptance based on documented risk assessment?

Do you reassess client relationships annually?

Are high-risk engagements flagged for additional review?

Do you have standardized audit methodologies?

Is engagement quality reviewed before report issuance?

Are consultation policies documented and followed?

Is staff competency assessed and documented regularly?

Do you use technology tools for audit execution?

Are training programs aligned with engagement needs?

Is there a system for internal quality communication?

Are external reporting obligations tracked?

Is audit documentation accessible and organized?

Do you conduct internal quality reviews (cold reviews)?

Are root causes of deficiencies identified?

Are remediation actions tracked to completion?

Have you identified quality risks specific to your firm?

Are quality objectives documented for each component?

Do you reassess risks when circumstances change?