International Standard on Quality Management 1 (hereinafter “ISQM 1”) Quality Management for Firms that Perform Audits or Reviews of Financial Statements or Other Assurance or Related Services Engagements is effective from 15 December 2022. ISQM 1 has replaced the audit quality control standards, International Standard on Quality Control 1 (hereinafter “ISQC 1”) Quality Control for Firms that Perform…