NEW FIRM ADMISSIONS
BDO seeks to admit new rms that share BDO’s values and cultural approach. Each prospective new rm is subject to a due diligence process, which forms the basis of the admission decision. These due diligence reviews are conducted by the Global Risk & Compliance and Legal & Privacy departments, or under their direction. The Global CEO then makes a recommendation to the Global Board, based on the due diligence report, and they then make the final decision. During the due diligence process, prospective rms are evaluated against BDO’s membership criteria, which include: • Reputation for quality and high ethical standards • Compliance with domestic and international standards and requirements • Commitment and capability to adopt our global policies, procedures, methodologies and tools • Ability to maintain a system of quality control that meets or exceeds the extant International Standard on Quality Control (ISQC) 1 and could meet the requirements as per the new International Standard on Quality Management (ISQM) 1. • Leadership • Culture of quality.
TRANSPARENCY REPORT 2023
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