Optimizing Quality Management Documentation for SQMS No. 1
To ensure compliance with the Statement on Quality Management Standards No. 1, firms must create a comprehensive and right-sized quality management documentation. The standard, which becomes effective on December 15, 2025, requires more than just a static document.
The goal is to design, implement, operate, and evaluate a living QM system on an ongoing basis. This approach enables firms to maintain a dynamic and effective quality management system.
A Firm’s System of Quality Management requires a living QM system that is designed, implemented, operated, and evaluated on an ongoing basis.
By following practical tips and guidelines, firms can keep their documentation appropriate, comprehensive, and right-sized, ensuring compliance with the standard.
Author's summary: Optimize quality management documentation for SQMS No. 1 compliance.