Mr. Gary Stevenson, Technical Partner of RSM Hong Kong, took part in a panel discussion on Preparing for the Quality Management Standards at the HKICPA’s Annual Auditing Update 2020 “Moving Forward” on 24 October 2020. Among the panel members was Mr. Len Jui, IAASB Board Member. The panel discussion focused on the practical implementation challenges likely to be faced by audit firms. While Mr. Jui provided an update on the application guidance that the IAASB will making available.