Transnational audits

Transnational audits

The Forum of Firms

In response to the trend towards globalisation an international grouping, the Forum of Firms (FoF), was founded by Chartered Accountant Firms.

Membership is open to firms and networks that have transnational audit appointments or are interested in accepting such appointments.

These firms have a voluntary agreement to meet certain requirements that are set out in their constitution. These relate mainly to:

Promoting the use of high-quality audit practices worldwide, including the use of ISAs

Maintaining quality control standards in accordance with International Standards on Quality

Control issued by the IAASB, and conducting globally co-ordinated internal quality assurance reviews

The Transnational Auditors Committee (TAC) provides guidance to the members of the FoF.