Forum of Firms

The Forum of Firms [1] 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). It was established in 2002.[2] Fiona Campbell is the chair of the Forum of Firms.[3]

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[4]), which require Members to:

  • 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 are based, to the extent practicable, on the International Ethics Standards Board for Accountant’s Code of Ethics for Professional Accountants.

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.

Current members and affiliates

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.

Members as of June 2026.[5]

References

  1. ↑ "Forum of Firms Homepage". forumoffirms.org.
  2. ↑ "Home". IFAC.org.
  3. ↑ "Fiona Campbell; Forum of Firms". Retrieved 2026-06-30.
  4. ↑ "Forum of Firms Constitution" (PDF). ifac.org.
  5. ↑ "Forum of Firms Homepage". 30 June 2026.
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