Quality Management for Firms that Perform Audits or Reviews of Financial Statements, or Other Assurance or Related Services Engagements
This International Standard on Quality Management (ISQM (Ireland)) deals with a firm’s responsibilities to design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements.
Current Standards
ISQM1 (Revised May 2026)
(Systems of quality management in compliance with this ISQM (Ireland) are required to be designed
and implemented by December 15, 2022, and the evaluation of the system of quality management required
by paragraphs 53–54 of this ISQM (Ireland) is required to be performed within one year following December
15, 2026. Early adoption is permitted. Amendments to the systems of quality management which are related
to the assurance of sustainability reporting undertaken in compliance with ISAE (Ireland) 3000, must be
designed and implemented by December 15, 2024. The evaluation of the system of quality management
including these amendments required by paragraphs 53–54 of this ISQM (Ireland) is required to be
performed within one year following December 15, 2024.)
ISQM1 (Updated September 2024)
(Systems of quality management in compliance with this ISQM (Ireland) are required to be designed and
implemented by December 15, 2022, and the evaluation of the system of quality management required by
paragraphs 53–54 of this ISQM (Ireland) is required to be performed within one year following December
15, 2022. Early adoption is permitted.
Amendments to the systems of quality management which are related to the assurance of sustainability
reporting undertaken in compliance with ISAE (Ireland) 3000, must be designed and implemented by
December 15, 2024. The evaluation of the system of quality management including these amendments
required by paragraphs 53–54 of this ISQM (Ireland) is required to be performed within one year following
December 15, 2024.)
Past Standards
ISQM1 (Updated October 2023)