- Quality Management in Audits: Key 2024 Changes
Learn how the 2024 Yellow Book revision transforms audit quality management with a focus on leadership and risk management.
Explore the shift from quality control to risk-based quality management in the revised Yellow Book standards.
The 2024 Yellow Book revision introduces significant changes to audit quality management, moving from traditional quality control to a comprehensive, risk-based approach. This new standard emphasizes the proactive role of audit leadership in managing quality across engagements, providing flexibility for audit organizations of different sizes and complexities.
Key updates include a tailored risk-based quality management system, optional engagement quality reviews for high-risk audits, and enhanced monitoring activities. These changes are designed to strengthen audit quality while allowing for scalability based on the audit organization’s unique circumstances and risks.
With a clear implementation timeline, this guide offers practical insights for preparing your audit organization to comply with the revised standards before the December 2025 deadline.
Download the full guide to stay ahead of the changes and ensure your audit processes align with the updated quality management requirements.
Empower Your Next Step
- Key Metrics and Insights at a Glance
Risk-Based Quality Management
The new revision focuses on a risk-based process for achieving quality management objectives in audits.
Optional Engagement Reviews
High-risk or complex engagements now include optional quality reviews to enhance audit oversight.
Effective Dates
The revised standards apply to audits starting from December 15, 2025, with full compliance required by December 2026.
- Explore More Insights and Resources
