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

Optimizing Quality Management Documentation for SQMS No. 1

The Statement on Quality Management Standards No. 1, A Firm’s System of Quality Management, becomes effective on December 15, 2025.

It requires firms to create a living QM system that is designed, implemented, operated, and evaluated on an ongoing basis, rather than just a static document.

A living QM system is designed, implemented, operated, and evaluated on an ongoing basis.

To achieve compliance with the standard, firms must optimize their quality management documentation to be both comprehensive and right-sized.

Key Considerations

By following these practical tips, firms can ensure their quality management documentation is appropriate and effective.

Author summary: Optimize SQMS No. 1 documentation.

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

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