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In the event of your firm undergoes a CQS audit, it may result in three potential outcomes in accordance with the updated Core Practice Management framework:

(1) Manifestation of complete adherence to CQS standards.
(2) Identification of minor non-compliance issues, with a stipulated 21-day period provided for rectification.
(3) Discovery of major non-compliance issues, accompanied by a grace period of three months for corrective measures.

Conducted by a CQS assessor, the assessment meticulously examines 40 distinct evaluation criteria spread across the Core Practice Standards . It is crucial to acknowledge that the CPMS does not dictate specific technologies or processes; instead, it highlights how compliance with the assessment requirements can be validated.

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