On the global network we have one The iron principle that audit and auditing services are of the highest quality, provided in a fair and independent manner. After several years of effort and considerable investment, we have successfully developed and implemented a global system for monitoring audit quality control standards among our member companies.
Quality, integrity and independence: our minimum standards for international control.
We have developed quality standards:
- maintain appropriate audit standards and quality of audit services in accordance with International Quality Control Standards, set by International Financial Review Standards and the Accounting Standards Board (IAASB), which function in addition to relevant national law control standards,
- Audit policies and methodologies that we base on International Financial Review Standards
- policies in line with the International Council of Standards or the Code of Accounting Ethics.
Under the IESBA Code of Ethics, Member States are required to make every effort to ensure that they are independent of the clients to whom they carry out audits of the accounts. The Russell Bedford network maintains a customer register to facilitate the process of checking independence.
IFAC Forum of Firms
In 2008 work quality control throughout the Russell Bedford network has been implemented. As a result, the Russell Bedford group was among the 17 full of legal members of the IFAC Forum of Companies.
IFAC Forum of Firms is an international association of audit networks, and its aim is to promote consistency and the highest standards of financial reporting and best audit practices in force in the world.
As a full member of the IFAC Forum of Companies, Russell Bedford may directly refer to audit activities as a member of the Forum.