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

Right-size Your Quality Management Documentation for SQMS No. 1

Optimize your quality management documentation with practical tips to ensure it is comprehensive yet right-sized.

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

SQMS No. 1 requires firms to do more than create a static document and file it away. It proposes a living QM system that is designed, implemented, operated, and evaluated on an ongoing basis.

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