1. Internal Control Compliance
System of Quality Management (SoQM) Manual & Anti-Money Laundering (AML) Procedures Manual are policies and procedures for CPA firms to follow
We will help you draft a system of quality management (SoQM) manual and anti-money laundering (AML) manual. We will provide guidance to you on how to implement and comply with these two manuals with the least resources and time. We will then help to draft and complete the appendices with illustrative wordings, based on the circumstances and our understanding of your practice. Appendices that we may help provide illustrative wordings include:
Appendix 1 – Risk assessment database
Appendix 6 – Staff appraisal form
Appendix 7 – Quality management procedures program
Appendix 8 – Internal quality management checklist
Appendix 12 – Quality management annual declaratio
What is SoQM?
System of Quality Management Manual (SoQM)
New revisions and clarifications to auditing standards, accounting framework and updates to the regulatory AML supervision, all may contribute to necessary and pragmatic updates to your practice’s SoQM and AML procedures manuals.
EQC has a wealth of experience and knowledge in the latest prevailing standards and expectations of the AFRC Inspection Committee, and we understand how the manuals should be drafted so they may be complied with ease. An outdated, or un-customized manual would likely give a bad impression to AFRC Inspectors of your Firm’s / Practice’s commitment to quality assurance; and may potentially lead to serious consequences. We have done the studying for you, and will help you to review, revise and even re-draft your manuals to help your practice to maintain high quality assurance.