Discipline

Business And Education Industry

Abstract

The implementation of the International Standard on Quality Management (ISQM) 1 represents a paradigm shift from traditional quality control toward a proactive, risk-based, and integrated system of quality management for firms performing audit and assurance engagements. This study assessed the level of compliance with ISQM 1 among small and medium-sized public practitioners in Metro Manila, focusing on the nine core components of the standard, including risk assessment, governance and leadership, ethical requirements, engagement performance, resources, information and communication, and monitoring and remediation processes. Employing a quantitative, descriptive–correlational research design, data were gathered from 103 public practitioners using a validated structured questionnaire. Compliance levels were analyzed using descriptive statistics, while paired samples t-tests were utilized to determine whether significant differences existed between audit findings and actual implementation of ISQM 1 requirements. Results revealed that all components of ISQM 1 were implemented to a high extent, with mean scores consistently above 3.50. Statistical tests further indicated no significant differences between audit assessments and actual implementation across all components, demonstrating consistency and alignment between compliance documentation and operational practice. The study concludes that small and medium-sized public practitioners in Metro Manila exhibit substantial readiness and compliance with ISQM 1. It recommends continuous capacity building, governance strengthening, and institutionalization of quality management systems to sustain compliance and enhance professional credibility in an increasingly demanding global assurance environment.

Keywords

philippines, governance, isqm 1, quality management, public practitioners, audit compliance