So, Tim, I'm interested, you know, looking at these survey results and findings from a peer review lens, how does this align with what the peer review teams are seeing across firms right now?

Yeah, so this is very similar to what we've seen sort of anecdotally.

We do informal surveys of peer reviewers every so often, and what you're showing here is sort of in line with those trend lines that we've seen.

You know, in terms of why are reviewers or what reviewers should be looking at? They're not gonna be looking at things that obviously firms don't need to have in place yet.

Monitoring is an ongoing sort of thing at the moment.

There are certain requirements that haven't been gone into effect yet.

certainly things that reviewers haven't really had a lot of time to look through yet, just the way peer review sort of cycle works.

So when peer reviewers start evaluating SQMS1 compliance, what should firms expect during engagement reviews and system reviews? And then kind of as a part two to that, how are reviewers thinking about evaluating good faith efforts versus full compliance?

So, Tim, I'm interested, you know, looking at these survey results and findings from a peer review lens, how does this align with what the peer review teams are seeing across firms right now?

Yeah, so this is very similar to what we've seen sort of anecdotally.

We do informal surveys of peer reviewers every so often, and what you're showing here is sort of in line with those trend lines that we've seen.

You know, in terms of why are reviewers or what reviewers should be looking at? They're not gonna be looking at things that obviously firms don't need to have in place yet.

Monitoring is an ongoing sort of thing at the moment.

There are certain requirements that haven't been gone into effect yet.

certainly things that reviewers haven't really had a lot of time to look through yet, just the way peer review sort of cycle works.

So when peer reviewers start evaluating SQMS1 compliance, what should firms expect during engagement reviews and system reviews? And then kind of as a part two to that, how are reviewers thinking about evaluating good faith efforts versus full compliance?