Optimizing Quality Management Documentation for SQMS No. 1
To ensure compliance with the upcoming Statement on Quality Management Standards No. 1, effective December 15, 2025, firms must optimize their quality management documentation.
The standard requires more than just creating a static document; it proposes a living QM system that is designed, implemented, operated, and evaluated on an ongoing basis.
Key to this is right-sizing documentation to keep it comprehensive yet concise.
A living QM system is designed, implemented, operated, and evaluated on an ongoing basis.
By following practical tips, firms can maintain appropriate and comprehensive documentation, meeting the critical requirements for compliance with the standard.
Author's summary: Optimize SQMS No. 1 documentation for compliance.
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