In 2025, the regulatory framework for quality management in registered auditors firms and audit companies will become significantly stricter. The ISQM standards (International Standard on Quality Management) are set to become an essential pillar to ensure not only compliance but also the efficiency and competitiveness of firms. This article explores what the ISQM standards are, their growing importance, and how they can transform the management of accounting firms in 2025.
Explanation of ISQM Standards
Why ISQM standards are crucial in 2025
In 2025, regulations will impose stricter requirements, and stakeholders expect firms to demonstrate their commitment to impeccable quality management. Complying with ISQM standards is thus a strategic necessity. According to a recent IAASB study, about 70% of firms that did not meet these standards in 2024 saw an average decline of 15% in their clientele, highlighting the real consequences of non-compliance.
A structured QMS not only reduces these non-compliance risks but also improves operational efficiency and prepares firms for upcoming technological innovations, such as the automation of real-time quality controls. For instance, a mid-sized firm using an interactive dashboard to monitor its quality control processes in real-time can quickly identify compliance gaps, reducing potential risks and ensuring proactive management.
How Audityx facilitates ISQM compliance
At Audityx, we understand the importance of ISQM compliance. This is why we’ve developed innovative solutions like our ISQM module, which allows you to manage quality risks in real-time and ensure continuous quality control through interactive dashboards. These tools also centralize document management, a crucial element for ensuring traceability and process compliance. Developed in close collaboration with auditors, our solution is suitable for both small firms and large groups, ensuring a smooth and proactive compliance process.
Pierre Sohet, founding partner and auditor at DGST & Partners, shares his experience: “Audityx has significantly simplified our quality management through automated monitoring and a dashboard that ensures quality in real-time. The Missions module guides our teams daily and allowed us to deploy ISQM compliance across our three entities at once while ensuring data confidentiality.” This testimony illustrates how our solutions transform and optimize quality management within firms.
