Acceptance and Continuance of Client Relationships and Specific Engagements
Quality Management Roundtable presentation discussing the component objectives and considerations regarding quality risks, responses, and documentation.
Acceptance and Continuance of Client Relationships and Specific Engagements
Disclaimer:
The information provided herein is not and shall not be construed as tax, accounting, legal, regulatory, or other professional advice or sufficient to satisfy any such requirements. Viewers should consult available resources and guidance provided by the MICPA, AICPA, and other professional advisor(s) for advice appropriate to their situations. This presentation is not sufficient to rely on alone, and the information presented is not complete. Please consult Statement on Quality Management Standards, No. 1: A Firm’s System of Quality Management and related technical guidance. Originally presented June 26, 2025, for the Michigan Association of Certified Public Accountants Quality Management Roundtable.
This presentation discusses the Acceptance and Continuance of Client Relationships and Specific Engagements component of the Statements on Quality Management Standards, effective December 15, 2025. The session topics explore the quality objectives under this component, considerations regarding quality risks and responses, related system documentation, and a walkthrough of an example A&C workflow used in a small firm.
Goals for the Presentation:
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Review overview of QMS Component Acceptance and Continuance of Client Relationships and Specific Engagements and underlying quality objectives;
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Discuss the relationship of A&C quality objectives to other QMS Components;
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Discuss quality risks and responses to meeting underlying A&C quality objectives;
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Review procedures and documentation to support the A&C process;
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Review overview of Specified Response related to A&C;
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Review an example of an A&C Workflow in a small firm.
