Parker Russell International member firms adhere to the professional standards of their respective jurisdictions and comply with the following international standards:
- Conduct, or participate in, transnational audits.
- Foster the consistent application of high-quality audit practices and standards globally.
- Support the alignment of national audit standards with the International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB).
- Fulfill the membership obligations outlined by the [FoF].
Membership Obligations
Forum members commit to the following:
- Adherence to the International Standard on Quality Control (ISQC 1) issued by the IAASB, in addition to relevant national quality control standards.
- Conduct of regular, globally coordinated internal quality assurance reviews, as permitted by national regulations.
- Develop and implement policies and methodologies for transnational audits aligned with the International Standards on Auditing (ISAs) issued by the IAASB, to the extent practicable.
- Adhere to the International Ethics Standards Board for Accountants (IESBA) Code of Ethics for Professional Accountants and relevant national ethics codes.
- Submit an annual report to the Forum Secretary, in a specified format, confirming compliance with membership obligations.
A globally coordinated quality monitoring and review program supports member firms in maintaining these standards.
Forum of Firms
Parker Russell International is a member of the Forum of Firms, a global association of accounting networks dedicated to promoting consistent, high-quality financial reporting and auditing standards worldwide. For further information
