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We prove a new version of the quantum threshold theorem that applies to concatenationof a quantum code that corrects only one error, and we use this theorem to derive arigorous lower bound on the quantum accuracy" threshold ε0. Our proof also appliesto concatenation of higher-distance codes, and to noise models that allow faults to becorrelated in space and in time. The proof uses new criteria for assessing the accuracy" offault-tolerant circuits, which are particularly conducive to the inductive analysis of recur-sire simulations. Our lower bound on the threshold, ε0 ≥ 2.73 × 10-5 for an adversarialindependent stochastic noise model, is derived from a computer-assisted combinatorialanaly sis; it is the best lower bound that has been rigorously proven so far.