Summary of A Deep Dive into Caseware SQM - 27th October 2023

Webinar Overview

The YouTube video titled "A Deep Dive into Caseware SQM" features a webinar hosted by Ricky M, along with colleagues Yan and James Wright. The session provides an overview of the newly launched Caseware SQM App, designed to enhance audit quality and risk management for firms of all sizes globally.

Key Technological Concepts and Product Features:

Caseware SQM App: A cloud-hosted application that facilitates the design, implementation, and management of risk-based assessments to improve audit processes.
Modules: The app consists of five user-friendly modules:
- Design and Operate: Allows users to create risk objectives, allocate tasks, and track responses.
- Monitor and Evaluate: Enables real-time monitoring of activities and evaluation of compliance with quality standards.
Compliance and Updates: The app automatically updates to align with international quality management standards, reducing manual update burdens.
Integration with Caseware Cloud: The SQM app is part of the Caseware Cloud ecosystem, ensuring a consistent user experience across various Caseware applications.
Content Library: Includes a library of example content and mandatory compliance requirements, aiding firms in quickly establishing their quality management systems.
Risk Assessment Process: Built-in features allow firms to assess risks associated with their quality objectives and document responses seamlessly.
User Roles and Responsibilities: The app defines roles such as Ultimate Responsibility (UR) and Operational Responsibility (O), ensuring accountability within the quality management framework.

Reviews, Guides, and Tutorials:

The session emphasized the availability of a Getting Started Guide on the Caseware Success website, which contains resources and video tutorials to assist users in navigating the SQM app.
A series of instructional videos are available on YouTube, grouped by topics for easier access.

Procurement and Pricing:

The SQM app requires an accompanying Caseware Cloud user license, with a sliding scale pricing model based on the number of users.
The current fee is £110 per user for 1-9 users, with discounts for larger groups.

Main Speakers:

Ricky M: Practice Account Manager at Caseware UK.
Yan: Independent Consultant with Caseware Africa, involved in the development of the SQM app.
James Wright: Co-host from the education and media team, moderating the Q&A session.

Overall, the webinar provided a comprehensive introduction to the Caseware SQM App, highlighting its features, compliance capabilities, and support resources for firms looking to enhance their Audit Quality Management systems.

Notable Quotes

— 03:02 — « Dog treats are the greatest invention ever. »