Implementing the new suite of quality management standards before the due date of December 2022? The risk assessment process is probably one of the most important, but also one of the most daunting exercises when implementing ISQM 1. Join us in this practical discussion session as we go through each component to identify and assess risks for different types of firms. Let us assist you in populating your risk assessment document. If you have purchased the ProBeta ISQM 1 manual, this session is ideal for you as we will be using the risk assessment document and provide practical examples of risk as well as discussions on how to evaluate and identify if these risks are applicable to you. Delegates will also be able to provide some input from their side regarding the nature and circumstances of their entity for brainstorming purposes and share their view on different risks. The objective of this session is to provide you with a space to consider and document your risks, assisting in identifying the specific responses you need to implement in your firm.

• The risk-based approach o Identifying quality objectives for your firm o Identifying and assessing the risk to these quality objectives based on the nature and circumstances of the firm o Implementing responses over these risks • Performing the risk-based approach for each component of quality management

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