Active Engagements
3
Active this period
▲ New this quarter
Open Findings
—
—
▲ Live count
Evidence Items
—
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▲ Live count
Risk Coverage
—
Computing…
▲ Building coverage
✅ Engagement Quality Review — Status
EQR completion tracking for this firm
EQR Required
—
Click to view list
EQR Completed
—
Finalized this period
EQR Outstanding
—
Pending completion
🎯 Peer Review Readiness Score
Composite readiness across QMS, EQR, evidence, training, and findings
Computing…
✅ Firm Setup To-Do
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📋 QMS Implementation Progress
SQMS No. 1 checklist completion across all firms
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Engagement Status
Current quarter overview
Pre-Eng
Planning
Fieldwork
Review
Completion
Issuance
Closed
Findings by Severity
All items
Recent Engagements
Last 30 days
| Engagement | Type | Partner | Progress | Status | Due Date |
|---|
Recent Activity
Today, 09:41
Evidence uploaded for Harmony House Inc — 6 files added by M. Patel
Today, 08:12
High Finding raised: Payroll Reconciliation Gap — Harmony House Inc
Yesterday, 16:55
Metro Construction LLC moved to Review stage — B. Cochran assigned as reviewer
Yesterday, 14:20
Riverside Community Church Interim Report distributed to stakeholders
Total Engagements
3
Active Jobs
3
Jobs with Findings
—
| ID | Title | Contact Name | Phone | Type | Engagement Partner | Start | Due | Progress | Status | Risk | EQR | Level of Service | Hours | Industry Code | Foreign Ops | SEC Rules | Must Select | Actions |
|---|
Engagement Management
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Active Jobs
Every engagement with a workflow attached, in any stage short of complete — sorted by most recent activity.
| Firm | Client / Engagement | Type | Partner | Staff | Workflow Progress | Due | Last Activity | Status Update |
|---|---|---|---|---|---|---|---|---|
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Overdue
Active jobs already past their due date — sorted by most overdue first.
| Firm | Client / Engagement | Type | Partner | Staff | Workflow Progress | Due | Status Update |
|---|---|---|---|---|---|---|---|
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Recently Completed
Engagements finished in the last 30 days — sorted by most recent.
| Firm | Client / Engagement | Type | Partner | Staff | Completed |
|---|---|---|---|---|---|
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Audit Objectives
Audit Scope
Engagement Timeline
What does this entity have?
Check what applies to this entity.
Identified Risk Areas
| Risk ID | Risk | Audit Area | Type | Rating | Owner | Status |
|---|
Audit Procedures
Planned procedures for this engagement
Drag & drop evidence or click to browse
PDF, XLSX, DOCX, PNG, ZIP — max 500MB
Evidence Request List
| Item ID | Description | Linked Procedure | Section / Area | Date Requested | Status |
|---|
Critical
0
High
0
Medium
0
Low
0
Findings Register
| ID | Title | Severity | Owner | Due | Status |
|---|
Engagement Messages
Messages related to this engagement
No messages for this engagement.
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Status
—
Partner
—
Staff
—
Year-End
—
Due Date
—
Workflow Progress
0 of 0 complete
Total Areas
—
Rated
—
0 / 49 complete
Significant
—
flagged
Last Updated
—
Rating Distribution
Audit areas by firm-assigned risk level
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Risk Summary
Audit risk universe — 49 areas
Low
—
Moderate
—
High
—
— Not Rated · — flagged Significant
Audit Areas — Firm Rating
Click an area to rate it. Auto-saves on change.
Master Risk Library
8 entity types · loading…
| Risk ID | Entity Type | Audit Area | Risk Description | Level | Assertions | Procedure Type | Sig. Risk |
|---|
Peer Review Readiness
Track what's needed and ready under both quality standards — SQCS No. 8 and SQMS — for this firm.
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Critical
—
Immediate action
High
—
Within 30 days
Medium
—
Within 90 days
Overdue
—
Past due date
| ID | Title | Engagement | Severity | Owner | Due Date | Status |
|---|
Finding Summary
⚡ AIM Methodology Link
Finding Description
Remediation Plan
Evidence Links
Total Items
6
Verified
—
Pending Review
—
Rejected
—
Drag & drop evidence files or click to browse
Supports PDF, Word, Excel, PNG, JPG — max 25MB per file
Evidence Repository
All collected items
| ID | Client | File Name | Engagement | Control | Type | Uploaded By | Date | Status | Update Status |
|---|
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Collaboration
Engagement-centric chat, open items, and notes — one workspace per engagement.
Reporting
Client:
Reports Generated YTD
47
Distributed to Stakeholders
39
Awaiting Approval
8
Report Templates
Portfolio Summary Report
All active engagements — partner-level view across all clients
Executive Summary Report
High-level findings and KPIs for board and C-suite
Detailed Audit Report
Full findings, evidence references, and remediation plans
Risk & Findings Register
Consolidated risk register with current ratings
Remediation Tracker
Open findings, owners, due dates, and progress
Evidence Package Export
Zipped evidence files per engagement or control
Complete QMS Data Export (All Firms)
Print-ready binder — every firm's policies, risks, audit ratings, training, methodology & more, with a page-numbered table of contents
Employee Benefit Plan Reports
EBP Audit Report — Full Scope
Complete opinion on financial statements and supplemental schedules per ERISA
EBP Audit Report — Limited Scope
Limited scope opinion with qualifying institution certification under DOL 2520.103-8
Form 5500 Filing Summary
Pre-filing review checklist — schedules, IQPA attachment, and compliance flags
ESOP Audit Report
Valuation, leveraged loan testing, repurchase obligations, and share allocation
Recent Reports
Harmony House Inc — Q1 2026 Executive Summary
Generated Mar 15, 2026 · Distributed to 4 stakeholders
Metro Construction LLC — Draft Audit Report
Generated Mar 18, 2026 · Approved by B. Cochran
Riverside Community Church — Interim Findings Report
Generated Mar 19, 2026 · Pending distribution
Metro Construction LLC — Risk & Findings Register
Auto-generated Mar 20, 2026 · Draft
Harmony House Inc — Remediation Tracker
Generated Mar 20, 2026 · Awaiting sign-off
🗺️ Implementation Guide
Step-by-step roadmap to implement QMS for your firm
Q1 2026
Firm: —
Implementation Progress
0 of 10 steps complete
Last updated: —
0%
🧭 Working Session
Guided 10-step QMS completion walkthrough.
Firm: —
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📄 Policy Library
Core QMS policies — owners, status, and current revisions for your firm.
🎯 QMS Monitoring Selection
Risk-based engagement selection for the current monitoring period.
✅ EQR Tracker
Engagement Quality Reviews for EQR-required engagements (SQMS No. 2).
🔎
Engagement Quality Review Tracker
SQMS No. 2 EQR eligibility — FY2025
EQR Required
—
EQR Recommended
—
Completed This Year
—
| Engagement | EQR Status | Trigger Reason | Reviewer Assigned | Completion Date | Status |
|---|
📒 Quality Monitoring Log
Open monitoring findings, observations, and remediation activity.
Monitoring Log
Observations, findings, and remediation activity
| Date | Source | Component | Finding | Severity | Owner | Status |
|---|
📅 Annual QMS Evaluation
8-component self-assessment and QMS Implementation Certificate (SQMS No. 1 §53-54).
✅
Annual QMS Evaluation
Pending
SQMS No. 1 §8 — 8-component self-assessment — FY2025
🏛️
Governance & Leadership
Pending
⚖️
Relevant Ethical Requirements
Pending
🤝
Acceptance & Continuance
Pending
📋
Engagement Performance
Pending
👥
Resources
Pending
📡
Information & Communication
Pending
🔁
Monitoring & Remediation
Pending
🔎
EQR Process
Pending
🔎 QMS Engagement Assessment
SQMS No. 1 §30-31 + SQMS No. 2 §17-19 — engagement-level quality assessment and EQR determination.
🗓️ Implementation Roadmap
Total firm commitment: 60–90 hours over 6–9 months · Five phases · Sequential or parallel cadence
60–90 hrs
firm-side effort · over 6–9 months
Hours represent partner decision time, team meetings, documentation review, and training. Build time is sunk cost — the platform is ready the moment Phase 1 begins.
Whatever the network decides on cadence and ownership, the platform is ready.
We move from "no QMS"
to "QMS in motion"
the moment Phase 1 begins.
📘 Network Briefing
QMS Implementation Kickoff reference · SQMS No. 1 + No. 2 · The work ahead, in plain terms.
Section 1
Why we're here
The work ahead, in plain terms
The Standard
SQMS No. 1 was issued June 2022 and took effect December 15, 2025. It applies to any firm with an accounting and auditing practice — audits, reviews, attestation, and compilations, including SOC 1 and SOC 2. Every firm in scope must design, implement, and operate a documented Quality Management System. SQMS No. 2, a companion standard, governs Engagement Quality Reviews.
The Test
Peer review now evaluates whether the firm has an operating QMS. Findings against firms without one have already begun. Coastal Cycle 2025 confirmed it for us.
The Goal Today
Educate the network on what's required. Demonstrate what AIM already has built. Break the work into phases with hour estimates. Decide how we sequence the work.
Section 2
What SQMS No. 1 requires
Eight components, one integrated system
The firm must design and operate a process for each component. AIM maps to all eight.
Reference: SQMS No. 1, §16–§57
Section 3
What SQMS No. 2 requires
Engagement Quality Reviews on the right engagements, by the right people
What is an EQR?
Engagement Quality Review. An objective evaluation of significant judgments and conclusions, performed by a qualified reviewer who is not part of the engagement team — before the audit report is released.
The firm must establish criteria for which engagements require an EQR, identify qualified reviewers, document the review, and prevent report release without a completed EQR.
Engagements that require EQR
Per our firm policy (auto-flagged in AIM):
- Employee Benefit Plans (ERISA, Form 5500)
- Single Audits / Uniform Guidance
- Government audits (Yellow Book / GAGAS)
- Construction audits over $10M
- Nonprofits with federal grants or specific risk factors
- Any engagement flagged by partner discretion
Reference: SQMS No. 2, §17–§19 · AICPA Quality Management Standards
Section 4
The risk-based approach
How SQMS No. 1 expects firms to think
PPC records your risk assessment. AIM runs it.
Section 5
What we already have
The platform is built — we populate it together
Three weeks of build.
What most firms take a year to construct.
Section 6
Total commitment summary
Real numbers, honest tradeoffs
60–90
hours · firm-side effort
Over 6 to 9 months at the network's chosen cadence.
Bars show estimate midpoint per phase. Ranges in the Implementation Roadmap.
Section 7
What SQMS actually requires
Floor vs. firm choice vs. platform convenience
Required by SQMS
The floor. Cannot be skipped.
Firm Policy Choice
Required to decide. Not required to do it our way.
AIM Platform Workflow
Not required by SQMS. Built to make the required work faster.
A firm could comply with SQMS using spreadsheets and Word docs. They'd just spend a year doing what we'll do in 90 hours. The work comes from the standard. The 90 hours is the estimate of how long that work takes a firm doing it for the first time.
Section 8
Decisions for today
Platform first, then how and when we sequence the work
Whatever we decide today moves us from "no QMS" to "QMS in motion."
Ready to see the operational plan? Open the Implementation Roadmap for hours, owners, outputs, and what's ready in AIM at each phase.
🔎 QMS Engagement Assessments
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📚 AIM Wiki
Methodology · Standards · Templates · Knowledge Base
Q1 2026
🔔 3 Alerts
Articles
77
Templates
36
Last Updated
May 9, 2026
Contributors
4
📘 QMS Manual
Quality Management System Document — 14 pages across 4 groups
Quality Management System (QMS) Document
Effective Date
December 15, 2025
Firm
Gray, Callison & Jones CPA, PC (and related entities)
Prepared By
Bill Cochran, PIC – Audit
Approved By
Jeff Jones, Managing Partner
Foundation
1. Introduction→
2. Assign Responsibilities and Leadership→
3. Understand and Apply the Risk Based Approach→
The 8 SQMS No. 1 Components
4. Governance & Leadership→
5. Relevant Ethical Requirements→
6. Acceptance & Continuance of Clients & Engagements→
7. Engagement Performance→
8. Resources→
9. Information & Communication→
10. Risk Assessment Process→
11. Monitoring & Remediation→
SQMS No. 2
12. Engagement Quality Reviews (QM Section 20)→
Closing
13. Annual Evaluation of the System of Quality Management→
14. Documentation Requirements→
📋 Methodology
AIM audit methodology — the intelligence chain, assertions, procedures, and evidence standards
Getting Started on an Audit→
Getting Started on a Review→
Getting Started on a Compilation→
The AIM Methodology Chain — Audit Area to Evidence explained→
Understanding Audit Assertions — definitions and when each applies→
Procedure Types — Substantive, Test of Controls, Analytical, Fraud→
Evidence Sufficiency Standards — what makes evidence sufficient→
Risk Rating Guidelines — how to rate Inherent, Control, and Fraud risks→
⚖️ Standards & Regulations
Authoritative standards — GAAS, GAGAS, SQMS, Uniform Guidance
SQMS No. 1 Overview — what firms must do and by when→
SQMS No. 2 — Engagement Quality Reviews explained→
SQMS No. 3 - Conforming Amendments to Quality Management Standards→
SQMS No. 1 - A Firm's System of Quality Management→
SQMS No. 2 - Engagement Quality Reviews→
SAS No. 146 - Quality Management for an Engagement (GAAS)→
SSARS No. 26 - Quality Management for an Engagement (SSARS)→
SSAE No. 23 - Amendments to the Attestation Standards (Quality Management)→
SAS No. 149 - Audits of Group Financial Statements (Group Audits)→
PCAOB QC 1000 - A Firm's System of Quality Control→
Yellow Book / GAGAS — key requirements for government audits→
Uniform Guidance — single audit requirements for federal grant recipients→
ASC 958 — nonprofit accounting and financial reporting→
💡 Firm Knowledge Base
Firm policies, decisions, training notes, and accumulated knowledge
How We Handle Revenue Recognition — firm policy→
Workpaper Review Standards — what partners look for→
Common Findings and How to Document Them→
Training Notes — AIM Methodology Onboarding→
Quality Management — our approach and standards→
🏦 Employee Benefit Plans
EBP audit standards — ERISA, DOL, IRC requirements, limited scope, ESOP, Form 5500
EBP Audit Overview — ERISA, DOL, and limited scope election explained→
Form 5500 — filing requirements, schedules, and audit obligations→
Participant Eligibility & Contribution Testing — ADP/ACP and nondiscrimination→
Investment Valuation in EBP Audits — hard-to-value assets and alternative investments→
ESOP Audits — valuation, leveraged ESOPs, and repurchase obligations→
Prohibited Transactions & Fiduciary Responsibilities under ERISA→
🛡️ QMS Policy
QCR trigger policies — engagement acceptance, performance, competency, and oversight
Engagement Acceptance & Continuance Policy→
Monitoring & Remediation Policy→
Engagement Performance — Government & Compliance Audits→
Risk Assessment & Engagement Classification Policy→
Human Resources & Competency Requirements→
Engagement Quality Review — Partner Oversight Policy→
How to Conduct a QMS Engagement Inspection — General GAAS→
How to Conduct an Engagement Quality Review — General GAAS→
How to Conduct a QMS Engagement Inspection — Employee Benefit Plans→
How to Conduct a QMS Engagement Inspection — Yellow Book (GAGAS)→
How to Conduct an Engagement Quality Review — Yellow Book (GAGAS)→
How to Conduct a QMS Engagement Inspection — Single Audit (Uniform Guidance)→
How to Conduct an Engagement Quality Review — Single Audit (Uniform Guidance)→
How to Conduct an Engagement Quality Review — Financial Services→
How to Conduct a QMS Engagement Inspection — Construction→
How to Conduct an Engagement Quality Review — Construction→
How to Conduct a QMS Engagement Inspection — Nonprofit→
How to Conduct an Engagement Quality Review — Nonprofit→
QMS Required Policies
33 policies SQMS No. 1 requires every firm to maintain — currently in draft, pending firm review.
Governance & Leadership
Firm Governance & Leadership Policy→
Resource Allocation Policy→
Relevant Ethical Requirements
Independence Policy & Confirmation Procedures→
Code of Professional Conduct Policy→
Conflicts of Interest Policy→
Acceptance & Continuance
Engagement Acceptance & Continuance Policy→
Risk Assessment & Engagement Classification Policy→
Client Termination Policy→
Engagement Performance
Engagement Performance Policy→
Engagement Documentation Policy→
Engagement Quality Review (EQR) Policy→
Consultation Policy→
Differences of Opinion Policy→
Engagement Working Paper Review Policy→
Resources
Human Resources & Competency Policy→
Continuing Professional Education (CPE) Policy→
Technology Resources Policy→
Intellectual Resources Policy→
Service Provider Policy→
Information & Communication
Information & Communication Policy→
Confidentiality Policy→
Records Retention Policy→
Monitoring & Remediation
Annual Monitoring Program Policy→
Remediation & Root Cause Analysis Policy→
Annual QMS Evaluation Policy→
Peer Review Coordination Policy→
Risk Assessment Process
Quality Objectives & Quality Risks Policy→
Responses to Quality Risks Policy→
SQMS No. 2 — Engagement Quality Reviews
EQR Performance Policy→
EQR Reviewer Eligibility & Cooling-Off Policy→
Spanning / Specialized
Compliance with Laws & Regulations Policy→
Whistleblower & Complaints Policy→
Specialized Engagement Policies (EBP, Single Audit, Yellow Book, Governmental)→
🛠️ QMS Corrective Actions — Coastal Cycle PRC-GCJ-2025 (11 entries)
Firm-level corrective actions adopted in response to the December 5, 2025 peer review (Peer Review #614741, DMJPS PLLC). 10 deliverables — 5 addressing Coastal Finding 1 (Engagement Performance / Reporting), 5 addressing Coastal Finding 2 (Acceptance & Continuance / EBP Competency).
Coastal Finding 1 — Engagement Performance / Reporting
Pre-Issuance Review Policy · POL-EQR-001→
Mandatory Pre-Issuance Review Checklist · CKL-EQR-001→
Updated Review Report Template · RPT-REV-SPF-001→
Updated EBP Audit Report Template · RPT-EBP-103C-001→
Training on Reporting Requirements · TRN-RPT-001→
Coastal Finding 2 — Acceptance & Continuance / EBP Competency
Updated A&C Procedures · POL-AC-001→
ERISA-Specific Training · TRN-EBP-001→
Certification Evaluation Memo Template · MEMO-CERT-001→
Forfeiture Disclosure Footnote Template · FN-FORFEIT-001→
ERISA-Specific A&C Evaluation Memo Template · MEMO-AC-EBP-001→
Section B — Root Cause & Remediation Plan
Root Cause Analysis Memorandum · RCA-001→
📁 Workpaper Templates
Standard templates organized by service line — audit, review, and compilation
All Engagements
Engagement Acceptance Checklist
Independence Confirmation Form
🚀 Audit Templates
Engagement Letter — Audit
Risk Assessment Workpaper
Revenue Recognition Workpaper
Cash & Cash Equivalents Workpaper
Payroll Workpaper
Accounts Payable Workpaper
Financial Reporting Workpaper
Revenue Cycle Walkthrough
Disbursements Cycle Walkthrough
Payroll Cycle Walkthrough
Financial Close Walkthrough
Management Representation Letter — Audit
🔍 Review Templates
Engagement Letter — Review (AR-C 90)
Analytical Procedures & Expectations Workpaper
Ratio & Comparative Analysis Workpaper
Management Inquiry Checklist — Review
Going Concern Considerations Workpaper
Management Representation Letter — Review
📄 Compilation Templates
Engagement Letter — Compilation (AR-C 80)
Compilation Procedures Checklist
Adjusting Journal Entries Summary
Compilation Report Examples (full / omitted disclosures / no independence)
QMS Workpapers
Independence Confirmation — QMS Version
Engagement Acceptance — QMS Version
EQR Documentation Workpaper
Annual QMS Evaluation Workpaper
📊 Financial Statement Templates
Industry-specific financial statement templates — download and customize
Nonprofit Organization (ASC 958)
Religious Organization
Construction Company
Small Business / LLC
Professional Services Firm
Healthcare Organization
Government / Municipal Entity (GAGAS)
Federal Grant Recipient — Single Audit (Uniform Guidance)
🔐 Security
Manage two-factor authentication (MFA) for your account.
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👥 User Management
Manage team members, roles, and engagement assignments
Platform Users
| Name | Role | Assigned Engagements | Status |
|---|
Total Active Engagements
—
GCJ · Fry · Oxford
▲ Across all 3 firms
Total EQR Required
—
Computing…
⛔ Engagements requiring review
Total EQR Outstanding
—
Not Started or In Progress
▲ Pending completion
Total Open Findings
—
All firms · all engagements
▲ Live count
Firm QMS Summary
EQR status by firm — real-time across GCJ, Fry, and Oxford
| Firm | Active Engagements | EQR Required | EQR Completed | EQR Outstanding | Open Findings | Peer Review |
|---|---|---|---|---|---|---|
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EQR Master List
All engagements requiring Engagement Quality Review — click any row to open QMS Assessment
| Firm | Engagement | Partner | Type | QCR Triggers | EQR Status |
|---|---|---|---|---|---|
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White-Label Branding Settings
Configure firm-level branding for each firm on the network.
AIM
Intelligence Platform
BC
USS AIM · BRIDGE SUBSYSTEMS
QMS Launch
— FIRMS
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Request Status Updates
Records the request and gives you the recipient list, subject, and body in copy-ready form so you can paste into Outlook (Rightworks, web, or desktop). Recipients are computed below from active engagements in your firm scope.
Edit this freely — what you see here is what staff will receive in the email body.
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Submit Status Update
Your Pending Status Updates
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AIM
Client Audit Portal
Current Audit Engagement
—
—
Engagement Partner
—
Report Due
—
Engagement Type
—
Overall Progress
—
Document & Evidence Requests
Items your audit team needs from you
Audit Observations
Matters identified during the audit that require your attention
Messages
Communications related to your engagement
No messages yet.
Engagement Timeline & Next Steps
Key milestones and upcoming activities
Audit Progress
Current status of each section of your audit
Questions about your audit? Contact your engagement partner directly.
Bill Cochran, CPA · bill@cochranCPA.com