Digitized Quality Management Guide – QMG Cloud
QMG CLOUD WILL HELP YOUR FIRM
- understand the requirements of CSQM 1, CSQM 2 and CAS 220
- develop a customized SOQM
- document and track the assignment of leadership roles and responsibilities
- identify and assess quality risks for your firm and the engagements you perform
- create and document your quality management policies and procedures
- monitor your SOQM to identify findings
- evaluate findings and remediate deficiencies
- evaluate your SOQM on an annual basis
- continually improve your firm’s SOQM
Prices may change without notice.
To learn more about the QMG Cloud, please see the frequently asked questions (FAQs) below.
QMG Cloud FAQs
Why should I move to the QMG Cloud?
How much will the QMG Cloud cost?
What will happen to my existing QMG Knotia subscription?
What happens after my QMG Knotia subscription ends?
What if I don’t want to purchase the QMG Cloud?
Will the existing QMG content from Knotia be available in the QMG Cloud?
If I decide not to move to the QMG Cloud, what other resources would be available for me to comply with the Canadian Standards on Quality Management?
I have already set up my system of quality management (SOQM) using the QMG practice aids from Knotia. How will I transition to the QMG Cloud?
Where can I find out more information about the QMG Cloud?
Why has CPA Canada partnered with Auvenir to build QMG Cloud?
Why should I move to the QMG Cloud?
Say goodbye to Word and Excel forms; the QMG Cloud automates and digitizes the QMG! Some of the exciting new features include the ability to:
- Store and organize all documentation related to the SOQM, including policies and procedures and all monitoring activities with related evidence, since the QMG Cloud can now serve as a central repository.
- Link and cross reference related quality objectives, risks, policies and procedures and monitoring activities.
- Archive and carry forward the SOQM in a few clicks.
- Track the progress of SOQM documentation with the dashboard view.
How much will the QMG Cloud cost?
The QMG Cloud will cost $55 monthly and grants access for up to five users. Additional user licenses are available for $11 each per month.
What will happen to my existing QMG Knotia subscription?
Current paid active subscriptions with a 2024 expiry date: These subscriptions will continue to have access to the QMG on the Knotia platform until the subscription end date.
Renewals notice: Renewals of the QMG on the Knotia platform will not be sent out to any subscribers whose subscriptions expire after September 30, 2023.
What happens after my QMG Knotia subscription ends?
When your QMG Knotia subscription ends, you will no longer be able to purchase or renew your subscription to the QMG on Knotia. The QMG Cloud offers all application guidance, practice aids, case studies and filled-in forms that are currently offered on the Knotia platform.
Current paid active subscriptions with a 2024 expiry date will continue to have access to the QMG on the Knotia platform until the subscription end date.
What if I don’t want to purchase the QMG Cloud?
While your subscription is still active on the Knotia platform, all QMG files can be downloaded. However, please note that since the existing QMG on Knotia will no longer be offered for sale, all related support and any additional updates will cease once your subscription expires.
Will the existing QMG content from Knotia be available in the QMG Cloud?
Yes! All application guidance, practice aids, case studies and filled-in forms that are currently offered on the Knotia platform will be available in the QMG Cloud. However, please note that the Word and Excel templates will not continue to be updated, as all future updates will be made in the QMG Cloud.
If I decide not to move to the QMG Cloud, what other resources would be available for me to comply with the Canadian Standards on Quality Management?
Beyond the QMG Cloud, CPA Canada has a number of free downloadable resources available to assist in complying with the Canadian Standards on Quality Management. You can find these resources at this link.
I have already set up my system of quality management (SOQM) using the QMG practice aids from Knotia. How will I transition to the QMG Cloud?
Auvenir, our software partner, will assist in transferring your current data into QMG Cloud to make the transition as seamless as possible. There will be 2 easy methods:
- Do-it-yourself: upload data from your existing filled-in QMG practice aids
- takes minutes and populates your data directly into the QMG Cloud
- best for: firms who have used the QMG practice aids
- Do-it-for me: Auvenir will populate your data into the QMG Cloud
- complimentary service for current QMG subscribers until December 31, 2023
- takes up to 7 business days
- best for: firms who have custom templates
Where can I find out more information about the QMG Cloud?
Visit this link to sign up for the most up to date information on the QMG Cloud.
Who is Auvenir?
Auvenir offers innovative, cloud-based quality management, client engagement and assurance solutions that enable firms to leverage the best of today’s technology to create better experiences for practitioners, their teams and their respective clients. Auvenir’s technology has been used on over 40,000 successful small to mid-sized client engagements to date in 90 countries and supports enterprise customers such as large accounting firms, public audit offices and now a national CPA association, focused on building customized solutions on the Auvenir platform.
Why has CPA Canada partnered with Auvenir to build QMG Cloud?
CPA Canada was in search for an innovative partner and platform, both ahead of the curve and technologically flexible enough to meet the quality management needs of the practitioner, now and well into the future. That search led them to Auvenir for being well-aligned in delivering:
- Operational Efficiency: through real-time updates and centralization – to significantly enhance productivity and process optimization.
- An Integrated System: that goes well beyond document storage. It functions as an advanced centralized repository with workflow automation, data persistence and the ability to monitor activities, as well as dynamically link data to minimize the chance of unaddressed input errors.
- A Quality-Driven Approach: that streamlines the quality management process and enhances management oversight, enabling practitioners to implement and evaluate the system of quality management by the required deadlines.
Ultimately, a partnership built on a shared commitment to quality and compliance with next-level efficiency and productivity.