PCAOB Releases New Resource Related to the Implementation of QC 1000

On January 30, 2025, the PCAOB released a video to help firms implement and navigate the new QC 1000 standard.  This video focuses on the risk assessment process and covers topics including (1) Establishing quality objectives; (2) Identifying and assessing quality risks; (3) Designing and implementing quality responses that address quality risks; and (4) Modifying the risk assessment, as needed.  The video can be found here.