Optimizing Quality Management Documentation for SQMS No. 1
To ensure compliance with the Statement on Quality Management Standards No. 1, firms must create a comprehensive and right-sized quality management documentation.
The standard, effective on December 15, 2025, requires more than just a static document - it proposes a living QM system that is designed, implemented, operated, and evaluated on an ongoing basis.
A Firm’s System of Quality Management
- Design a quality management system that meets the standard's requirements
- Implement and operate the system on an ongoing basis
- Evaluate the system to ensure its effectiveness
Author's summary: Optimize QM documentation for SQMS No. 1 compliance.