The Forum of Firms (FOF)
Since January 2008 PKF International has been a full member of the Forum of Firms (FOF). Established in 2002, FOF is an association of international accounting firms that audit financial statements intended for use across national borders. The goal of the Forum is to promote consistent quality standards for financial reporting and auditing all over the world.
A prerequisite for FOF membership is compliance with the International Standards on Quality Control issued by the International Auditing and Assurance Standards Board (IAASB), plus the conduct of regular globally coordinated internal quality assurance reviews.
The FOF conducts its business primarily through Transnational Auditors Committee (TAC). The TAC is a committee of the International Federation of Accountants (IFAC) and at the same time the executive committee of the FOF. As of January 2008 the FOF comprised 21 members (17 full members and four provisional members).
Further information is available here.
