Statements on Quality Management Standards: What the Standards Require

Overview

It can be challenging to ensure that your clients’ have fully leveraged their fixed assets. Cost segregation is the beginning of a comprehensive tax plan and is key to maximizing tax benefits. To maximize tax savings on commercial real estate, cost segregation can be used thoughtfully in combination with multiple other strategies. By employing incentives like bonus depreciation, expensing under Tangible Property Regulations, Section 179 expensing, and more, CPAs can ensure that their clients have fully optimized their real estate tax efficiency.

Highlights

• SQMS 1
• A Firm's System of Quality Management
• SQMS 2
• Engagement Quality Reviews
• SQMS 3
• Amendments to SQMS 1 and 2

Prerequisites

None.

Objectives

• Determine the new SQMS requirements.
• Identify how your Firm can plan to comply by the deadline.

Preparation

Working knowledge of extant Quality Control standards will be helpful.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.