The AICPA’s Auditing Standards Board and its Accounting and Review Services Committee have collectively released four new quality management standards designed to improve a CPA firm’s risk assessment and audit quality.
The new standards modernize quality control and reflect new realities in practice, such as an increased emphasis on risk assessment, changes in technology and the growing use of external service providers.
The new standards are effective Dec. 15, 2025. The AICPA suggests firms begin the implementation process now. Read more.