Analysis of The Preparedness of Public Accounting Firm in Implementing Quality Management Standar 1 (QMS 1) Based on IAPI Guidelines (Case study KAP Nexia KPS)
Journal Title: International Journal of Current Science Research and Review - Year 2024, Vol 7, Issue 12
Abstract
Quality Management Standard 1 (QMS 1) is a standard established by the Indonesian Institute of Certified Public Accountants (IAPI) to serve as a framework ensuring that Public Accounting Firms (KAP) deliver services in compliance with predetermined quality standards. The implementation of QMS 1 plays a pivotal role in enhancing quality management practices and fostering public trust in the audit outcomes produced by KAP. This study aims to evaluate the preparedness of KAP in adopting QMS 1 in alignment with the guidelines issued by IAPI. The analysis focuses on critical areas, including the adoption of a risk-based approach, leadership, technological integration, human resource capabilities, and the adequacy of existing internal systems. The readiness of KAP in implementing SMM 1 is highly dependent on the ability to integrate this standard into all aspects of the KAP organization. By following the guidelines issued by IAPI and overcoming existing challenges, KAP can improve the quality of audit services and meet market expectations for transparency and reliability of financial reports.
Authors and Affiliations
Triadi Darmawan, Jamaludin Iskak,
Keywords
Related Articles
- EP ID EP754043
- DOI 10.47191/ijcsrr/V7-i12-79
- Views 22
- Downloads 0
Optimizing Administrative Efficiency and Student engagement in Education: The Impact of AI
This whitepaper explores how Artificial Intelligence (AI) systems can optimize administrative efficiency within educational institutions. It addresses the growing complexities of managing large student populations, ensur...
Improving the Quality of Functional Food Crops and Land Efficiency by Intercropping System on Application of Integrated Fertilizer
The intercropping system and integrated fertilizers were applied in the research to improve land efficiency and the quality of sweet corn and vegetable soybean crops. The study was conducted in the Giwangan Village of Um...
Current Status and Burden of Malaria in Pregnancy among Women in Some Selected Internally Displaced persons Camps in Maiduguri, Borno State
Malaria is a major cause of morbidity and mortality among displaced populations in sub-Saharan Africa, accounting for an estimated 30 million women living in malaria endemic area become pregnant each year. Recent literat...
The Effect of Subjective Norm and Perceived Risk on Consumers’ Purchase Intention towards Secondhand Clothes
Fashion serves as a form of self-expression and symbolizes various social, cultural, and economic statuses. The rise of affordable and accessible fashion has led to significant environmental concerns due to increased tex...
The Influence of Breakfast Habits on Students’ Learning Activities Class X SMAN 5 Palu
This study aims to determine how much influence the habit of breakfast has on the learning activities of class X students of SMAN 5 Palu and to determine the impact experienced by class X students of SMAN 5 Palu when the...