The Kampuchea Institute of Certified Public Accountants and Auditors (KICPAA) successfully conducted a workshop on “ISQM 1 and ISQM 2 Concepts in SOQM Preparation and ISA 220” on Thursday & Friday, 8-9 October 2026, from 9:00 AM to 5:00 PM at Sun & Moon, Riverside Hotel.

The workshop featured an insightful presentation by Mr. Cesar Faustino R. Ravalo Jr., CPA, CDPPA, CRA, Managing Partner of PR Ramoso & Co., CPAs, who provided insights on risk assessment, Risk Matrix design, monitoring and remediation, and the development of policies and documentation for the firm’s SoQM.

During the session, participants gained knowledge of:

• Understand the rationale for the shift from ISQC 1 to ISQM 1
• Understand the Objectives and components of ISQM 1
• Apply the Risk Assessment Process and design a practical Risk Matrix
• Strengthen the Monitoring and Remediation Process
• Develop the firm’s System of Quality Management (SoQM) and policies for each ISQM 1 component
• Understand the relationship between ISQM 1 and ISQM 2, as well as changes introduced by ISA 220 (Revised)
• Addressing practical challenges through an interactive Q&A session.

 The workshop attracted 41 participants, including KICPAA Members, managing partners, senior executives, senior associates, audit and assurance professionals, and professionals responsible for quality management and audit methodology.

 This CPD activity reflects KICPAA’s continued commitment to supporting professional accountants and auditors by providing practical learning opportunities that enhance technical knowledge and strengthen professional competencies, and keep members up to date with the latest regulatory and digital developments.

 KICPAA would like to express its sincere appreciation to Mr. Cesar Faustino R. Ravalo Jr, CPA, CDPPA, CRA, for sharing his valuable expertise and to all participants for their active engagement in making this workshop a meaningful and successful learning session.