Forum of Firms

By joining Kudos your firm will also become a member of a network which is a member of the Forum of Firms, the only globally recognised benchmark for quality.

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).

Many public and major companies, government and NGOs, and businesses aware of the Forum credentials, will only engage with firms which are members of the Forum of Firms.

What membership commits us to

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:

1. 01

   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;

2. 02

   Conduct, to the extent not prohibited by national regulation, regular globally coordinated internal quality assurance reviews;

3. 03

   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

4. 04

   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.

Kudos is required to certify their members' commitment to adherence to the consistent application of high-quality audit practices worldwide on an annual basis.