Monitoring & Remediation: Closing the Quality Management Loop

Monitoring & Remediation: Closing the Quality Management Loop - Chicago

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Availability

Registration Required

550 W. Jackson Blvd, Chicago, IL
1st Floor Conference Room

Nov 17, 2026 9:00 AM - 4:00 PM CT

Cost

Member: $325.00

Non-Member: $425.00

Retired: $325.00

Educator & Government & Non-Profit Member: $325.00

Credit Offered

7 CPE Credits

Field of Study:

3.5 Accounting
3.5 Auditing

For firms wrapping up their first year under the AICPA’s Quality Management (QM) Standards, closing the loop on implementation will involve satisfying annual monitoring and inspection requirements alongside performing the first evaluation of the firm’s QM system where firm leadership will need to assess and conclude whether its QM system achieves necessary objectives.

The first part of this year’s course focuses on developing the monitoring policies and procedures needed to assess whether a firm’s QM system is operating consistently and effectively, constructing a monitoring and inspection plan for the year, and highlighting common issues identified by peer reviewers. During the second part of the course, participants can spend time completing at least a portion of their required annual monitoring and inspection plans.

Heather Lindquist

Heather is the Director of Peer Review & Professional Standards for the Peer Review Alliance. The Alliance administers peer reviews for firms across seven states, including Illinois, Indiana, Iowa, Kentucky, South Carolina, West Virginia, and Wisconsin. Heather is a member of the AICPA Peer Review Board's Technical Reviewer Advisory Task Force (TRATF) and also serves as a member of the Board's Education and Communication Task Force (ECTF).

A graduate of Illinois Wesleyan University, Heather spent six years with RSM US LLP working mainly on not-for-profit and local government audits before joining the Illinois CPA Society in 2016. Heather's work centers around peer review, but she also serves as the staff liaison for the Illinois CPA Society's Audit and Assurance Services Committee.

Paul Pierson

Paul is Director of Professional Standards and Peer Review for the Illinois CPA Society. In this capacity, he oversees the administration of the Peer Review Program for approximately 1,500 CPA firms in Illinois and Iowa. Paul has served as a discussion leader at the AICPA’s Annual Peer Review Conference and Advanced Reviewer Training Course as well as several state CPA society conferences and chapter events. He is also responsible for monitoring the continuing professional education and licensing rules in Illinois and Iowa and responding to member inquiries regarding those matters.

Paul has served on the Technical Reviewers Advisory Task Force to the AICPA Peer Review Board, and currently serves as staff liaison to the Peer Review Report Acceptance and Employment Benefits Committees of the Illinois CPA Society. He also oversees the Society’s Accounting Principles, Audit and Assurance Services, Not-for-Profit, Governmental, and Ethics Committees. Paul graduated from Illinois State University with a BS in Accounting and was an audit manager with a large, local CPA firm in East Peoria, Illinois, prior to joining the Society.