The BDO standards and requirements in terms of quality and risk management are applied for other professional service lines (tax, advisory, BSO, etc) and are mainly described in the International Risk Management Manual and Tax Manual. The Compliance & Monitoring team has expanded the quality reviews to cover non-assurance services (NAS) with the focus on Client Acceptance & Continuance (CAC) procedures, in view of the associated high-risks. The Quality Reviews of non-assurance practices are designed to consider the risk management and quality monitoring in each service line of BDO firms according to the global requirements. The Global Compliance Reporting System (GCRS) allows us to monitor the compliance of each BDO firm with BDO quality standards in the areas of audit quality, independence, information security, privacy and insurance. The tool enhances transparency and the building of assurance across the organisation, and is based on the validation of control assessments. BDO’s global accreditation programme 2021-2022 was successfully run on the GCRS, resulting in considerable improvements in overall compliance with specified BDO quality standards. The primary purpose of the accreditation programme on the GCRS is to enhance all our firms’ focus on quality, in line with the key global strategic aim for all our firms to consistently deliver exceptional and high-quality services. In 2021 BDO’s Global Privacy Policy, BDO’s Binding Corporate Rules (BCRs) for Controllers and Processors, received a positive opinion from the European Data Protection Board (EDPB), confirming that appropriate safeguards are in place within BDO to ensure the adequate protection of personal data within our global organisation. We are continuing our efforts to enhance the culture of data security within the organisation and demonstrate our strong commitment to the protection of privacy and personal data. Initially based on self-assessments, our Data Security compliance monitoring programmes have, since 2021, used the GCRS, with mandated reviews conducted by third parties that audit our firms against BDO’s global data security policies. Our policies are supported by global programmes to help our firms to meet these important membership obligations and set the framework for data security compliance within BDO.
TRANSPARENCY REPORT 2023
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