The PCAOB has released three informative videos detailing its new quality control (QC) standard, QC 1000, which was approved by the SEC last September.
The standard mandates that all registered public accounting firms identify specific risks and establish a quality control system to mitigate them.
The standard requires firms to conduct annual evaluations of their QC systems and report findings to the PCAOB, with the standard taking effect on Monday, Dec. 15, 2025.
The PCAOB encourages firms to utilize various resources, including staff-led videos and knowledge checks, to aid in the implementation of the QC 1000 standard.