Risk Management & Ethics
In order to establish and disseminate the values central to the group, Forvis Mazars has developed a Code of Conduct for Objectivity and Independence (CCOI), which is compliant with the International Ethics Standards Board for Accountants (IESBA) code.
This CCOI complies with the Independent Regulatory Board for Auditors (IRBA) Code of Conduct and is complemented by internal positions on the compatibility of certain services for audit clients in areas such as internal audit, due diligence assignments, actuarial services as well as others.
The CCOI is distributed to all employees and ethics forms an integral part of our ongoing professional training programmes.
In this context, Forvis Mazars has reaffirmed its multi-disciplinary strategy covering audit, accounting, and advisory. Forvis Mazars will comply fully with new laws and will determine for each new assignment whether a conflict of interest of restrictions through laws or regulation prevents us from accepting such an assignment.
Forvis Mazars has implemented an Ethics Hotline, which is managed by an independent body WiseCall, located in the EU, specialising in providing professional toll-free hotlines, addressing recommended procedures of Corporate Governance and related legislations (eg. Protected Disclosures Act, Occupational Health and Safety Act, Mine Health and Safety Act).
Non-Compliance with Laws and Regulations The Independent Regulatory Board of Auditors Code (“IRBA Code”) includes, amongst other sections, section 225 that address Responding to Non-Compliance with Laws and Regulations, for members and associates in public practice.
Information Data - important downloads with regards to our data information policies and procedures
As part of our overall system of quality control, we have several controls in place, which involve key procedures to prevent conflicts of interest from occurring without the implementation of appropriate safeguards.
Forvis Mazars has implemented both national and international quality control inspections, covering the various entities in the organisation. Our local internal quality control system is based on a Group quality control manual and is compliant with ISQC 1. International quality control inspections are carried out every few years, with the bigger entities, including South Africa, inspected every two...
What are the Quality & Risk Management unit (QRM) and the Monitoring Sub-committee (MSC) roles within the business? We outline the purpose of these units here.
The function of QRM is to prevent compliance problems and conflicts of interest. Managing risk is essential, and in today’s rapidly changing business environment a holistic approach to quality control, governance, risk, and compliance is required.
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