The Crosswalk document summarizes the changes between Statement on Quality Management Standards (SQMS) No. 1, A Firm’s System of Quality Management, and Statement on Quality Control Standards (SQCS) No. 8, A Firm’s System of Quality Control, as amended (QM section 10A in AICPA Professional Standards). The document
describes the new components of a quality management system and summarizes notable differences and enhancements from the superseded standards
describes the risk assessment process, which comprises setting quality objectives, assessing