The Forum of Firms (FoF, Forum) is an independent association of international networks of firms that have transnational audit appointments or are interested in accepting such appointments. The public interest objective of the Forum is to assist the users of financial statements by promoting consistent and high-quality standards of financial reporting and auditing practices worldwide. The Forum brings together member firms and involves them closely with the activities of the International Federation of Accountants (IFAC). Further information about the Objectives of the Forum, Membership Obligations and Governance can be found in the:
- Forum's Constitution (which provides a definition of a ‘transnational audit’)
- Operating procedures and
- Governance arrangements
For further information about how the Forum of Firms contributes to the advancement of audit quality in the public interest, we invite you to review our purpose statement. We further invite you to review an informational brochure illustrating how members of the Forum of Firms are committed to the Purpose Statement.
Key Contacts
- Fiona Campbell, Chair, Forum of Firms
- Barry Naik, Head of Forum of Firms
- Dr. Paul Winrow, Secretary, Forum of Firms
Membership
Forum membership is open to networks and firms of all sizes that:
- Conduct, or have an interest in conducting, transnational audits;
- Promote the consistent application of high-quality audit practices and standards worldwide;
- Support convergence of national audit standards with the International Standards on Auditing issued by the International Auditing and Assurance Standards Board; and
- Demonstrate commitment to the Forum's membership obligations as detailed below.
Membership Obligations
The Forum of Firm’s members agree to meet the Forum’s Membership Obligations, with respect to transnational audits (as defined in the Forum's Constitution), which require Members to:
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Maintain appropriate quality management standards in accordance with the International Standards on Quality Management issued by the IAASB in addition to relevant national quality management control standards;
- Conduct, to the extent not prohibited by national regulation, regular globally coordinated internal quality assurance reviews;
- Have policies and methodologies for the conduct of such audits that are based, to the extent practicable, on the International Standards on Auditing issued by the IAASB; and
- Have policies and methodologies that conform to the IESBA International Code of Ethics for Professional Accountants and national codes of ethics.
Forum members agree to submit to the Secretary of the Forum an annual report, in an approved format, indicating that it meets the Membership Obligations set forth above.
International networks of firms practicing under the same name or whose member firms are otherwise closely identified with one another, such as through common elements in their name, will be expected to join as one organization.
Members
Members are those networks or firms that have satisfactorily submitted an annual report to the Transnational Auditors Committee indicating that they have met the Forum's membership obligations during the reporting period. Members shall be entitled to describe themselves as such in accordance with wording to be determined by the Forum.
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Current members
- AUREN
- Baker Tilly International Limited
- BDO
- CLA Global
- Constantin – Serval & Associés
- Crowe Global
- Daxin Global
- Deloitte Touche Tohmatsu Limited
- ECOVIS International
- Ernst & Young Global Limited
- FinExpertiza
- Forvis Mazars Global Limited
- Grant Thornton International Ltd
- HLB International
- IECnet
- JPA International
- KNAV International Limited
- KPMG International Limited
- Kreston Global
- Kudos International
- MGI Worldwide
- Moore Global
- Nexia International
- PA Global
- Parker Russell
- PKF Global
- PricewaterhouseCoopers International Limited
- Reanda International
- RSM International
- RT ASEAN
- Russell Bedford International
- SFAI Global
- SMS Latinoamérica
- SW International
- Talal Abu Ghazaleh & Co. International
- TASK International
- UHY International Limited
Affiliates
Networks or firms interested in becoming members may participate in the Forum as affiliates during the period prior to their formal membership application. Affiliate status shall terminate upon the earlier of a) progression to full membership or b) three years from the date of acceptance by the TAC as an affiliate. Affiliates must undertake not to publicize their association with the Forum or their affiliate status on their websites, publications, and letterheads.
Current Affiliates
- Optimice International
Transnational Auditors Committee
Please note, this information about the Transnational Auditors Committee (TAC) is the same as the information on the International Federation of Accountants' page for the TAC.
Established May 2000
The Transnational Auditors Committee (TAC) serves as the official link between the International Federation of Accountants (IFAC) and the Forum of Firms (FoF, Forum). It is broadly responsible for implementing and advancing the Forum's objectives and operations. It also plays a major role in encouraging Forum members to conduct high-quality transnational audits by requiring the commitment to comply with certain transnational standards as a condition of membership.
The TAC also supports audit quality by:
- Identifying audit practice issues and making suggested recommendations to the appropriate standard-setting boards to review these issues as needed;
- Providing a forum to discuss best practices in areas including quality management, auditing, independence, and training and continuing professional development;
- Facilitating interaction among transnational firms, international regulators, financial institutions, and other stakeholders with regard to audit quality, systems of quality management, and transparency of international networks; and
- Identifying qualified candidates to nominate to serve on the international standard-setting boards.
Key Contacts
- Christine Albrecht, Chair
- Barry Naik, Head of Forum of Firms
Transnational Auditors Committee Members
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