Parker Russell International member firms comply with the professional standards appropriate to their respective countries and adhere to the following international standards:
Parker Russell International member firms comply with the professional standards appropriate to their respective countries and adhere to the following international standards:
- 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 (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB);
Demonstrate commitment to the FoF’s membership obligations as detailed below.
Membership Obligations
Members of the Forum commit to the following:
- Maintain quality control standards by the International Standard on Quality Control (ISQC 1) issued by the IAASB in addition to relevant national quality 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 transnational audits that are based, to the extent practicable, on the International Standards on Auditing (ISAs) issued by the IAASB;
- Have policies and methodologies that conform to the IESBA Code of Ethics for Professional Accountants and national codes of ethics; and
- 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.
A globally coordinated quality monitoring and review program support member firms in the maintenance of these standards.
Forum of Firms
Parker Russell International is a member of the Forum of Firms. The forum is an association of international networks of accounting firms. Its goal is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide. For additional details please go to:
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