Member of the Forum of Firms
HLB International is a proud member of the Forum of Firms.
The Forum of Firms (FoF) an association of international networks of accounting firms that perform audits of financial statements that are or may be used across national borders. Members of the Forum voluntarily agree to meet certain requirements as detailed in the FOF Constitution. The Forum works to promote consistent and high quality standards in financial reporting and auditing practices worldwide.
The Forum's membership obligations require that members:
Maintain appropriate quality control standards in accordance with International Standards on Quality Control issued by the IAASB in addition to relevant national quality control standards and 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 ISAs.
Have policies and methodologies which conform to the IFAC Code of Ethics for Professional Accountants and national codes of ethics.
Agree to submit to the Secretary of the Forum an annual report, in a form approved by the Transnational Assurance Committee, indicating that it meets the membership obligations set forth above.
Being a member of the Forum is part of HLB International's overall commitment to raising the standards of the international practice of auditing in the interest of users of the profession's services.
For further information please download the factsheet below:
Forum of firms fact sheet