Audit automation software provider AuditFile announced Thursday the launch of QualityLink, an integrated, artificial intelligence-driven solution designed to help CPA firms comply with the full suite of quality management standards: AICPA Statement on Quality Management Standards No. 1 and AICPA SQMS No. 2, as well as International Standard on Quality Management 1 and ISQM 2.
AuditFile QualityLink combines agentic AI with AuditFile’s established audit automation technology to streamline both firm-level quality management (SQMS No. 1 and ISQM 1) and engagement quality review (EQR) requirements (SQMS No. 2 and ISQM 2), AuditFile said in a media release. The result is a unified platform that simplifies compliance with the new quality management standards, reduces administrative burden, and strengthens consistency across engagements.
“With QualityLink, we set out to solve the entire quality management challenge—not just one standard,” AuditFile CEO Steven Bong said in a statement on Dec. 4. “Firms now face complex responsibilities under SQMS 1 and SQMS 2, and the international ISQM requirements mirror that complexity. We built an AI-powered solution that enables firms to operationalize, monitor, and document their quality management system with clarity, accuracy, and real-time intelligence.”
SQMS 1 and ISQM 1 require accounting firms to establish, implement, and monitor a comprehensive system of quality management covering governance, ethics, client acceptance, engagement performance, resources, and monitoring activities. SQMS 2 and ISQM 2 introduce enhanced requirements for EQRs, including reviewer eligibility, timely performance, and robust documentation.
AuditFile says QualityLink brings these requirements together into one cohesive, automated environment.
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Key features include:
- AI-driven risk assessment: Identifies firm-level quality risks mapped to SQMS 1/ISQM 1 components.
- Automated monitoring and remediation: Evaluates controls, flags deficiencies, and tracks corrective actions.
- Integrated EQR workflows: Fully aligned with SQMS 2/ISQM 2 reviewer performance and documentation requirements.
- Centralized quality management dashboard: Real-time visibility across firm-wide and engagement-level compliance activities.
- Regulatory-aligned templates and evidence capture: Ensures consistent documentation for peer review and inspection readiness.
- Seamless integration with the Advantage Audit Suite: Connecting engagement data directly to firm-level quality management processes.
“We believe quality management should strengthen the firm, not slow it down,” Bong added. “By embedding AI into the core of QualityLink, firms gain continuous insights, automated documentation, and a practical way to stay ahead of both U.S. and international quality management requirements.”
AuditFile QualityLink is now available to all AuditFile customers.
For more information or to schedule a demo, visit www.auditfile.com or contact sales@auditfile.com.
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