Our commitment to quality

Parker Russell International member firms comply with the professional standards appropriate to their respective countries and adhere to the following international standards:

Parker Russell International member firms comply with the professional standards appropriate to their respective countries and adhere to the following international standards:

  • Conduct, or have an interest in conducting, transnational audits;
  • Promote the consistent application of high-quality audit practices and standards worldwide;
  • Support convergence of national audit standards with the International Standards on Auditing (ISAs) issued by the International Auditing and Assurance Standards Board (IAASB);

Demonstrate commitment to the the FoF’s membership obligations as detailed below.

Membership Obligations

Members of the Forum commit to the following:

  • Maintain quality control standards in accordance with the International Standard on Quality Control (ISQC 1) issued by the IAASB in addition to relevant national quality 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 transnational audits that are based, to the extent practicable, on the International Standards on Auditing (ISAs) issued by the IAASB;
  • Have policies and methodologies that conform to the IESBA Code of Ethics for Professional Accountants and national codes of ethics; and
  • 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.

A globally coordinated quality monitoring and review programme supports member firms in the maintenance of these standards.

Forum of Firms

Parker Russell International is a member of the Forum of Firms. The forum is an association of international networks of accounting firms. Its goal is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide. For additional details please go to:

visit Forum of Firms website

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© 2019 Parker Russell International Ltd. All rights reserved. The Parker Russell network is not one international partnership and Parker Russell member firms are not otherwise legal partners with each other. Many of the member firms have legally registered names which contain “Parker Russell”, however there is no ownership by PRIL. A member firm cannot act as agent of PRIL or any other member firm, cannot obligate PRIL or any other member firm, and is liable only for its own acts or omissions and not those of PRIL or any other member firm. Similarly, PRIL cannot act as an agent of any member firm, cannot obligate any member firm, and is liable only for its own acts or omissions. Please see www.parkerrussellinternational.com/structure for future details.

Parker Russell International Limited is a company limited by guarantee and incorporated in England and Wales. The company registration number is 4861541. The registered office is Level 30, The Leadenhall Building, 122 Leadenhall Street, City of London, London EC3V 4AB , United Kingdom. Parker Russell International Limited is subject to English Law.

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