Risk & quality management
Membership of BDO enables our rms to deliver high-quality services in furtherance of our WHY: People helping people. All BDO rms are subject to the obligations set out in the BDO Regulations and are required to abide by our global policies, procedures, methodologies and tools. We underpin quality by mandating use of the BDO Independence Manual, which sets out our Code of Conduct and ethical requirements, and the BDO International Risk Management Manual, which provides instruction on the necessary design and implementation of risk management and quality control systems. This is to support our rms’ compliance with relevant domestic and international standards, such as the IESBA Code and the quality control standards of the IAASB. Furthermore, all BDO firms are required to abide by the Global Privacy Policy and the Global Information Security Policy. The public interest services in Audit & Assurance are supported by additional audit, risk and quality manuals. The Global Risk & Compliance team, supported by the International Risk Management Committee and the Ethic & Independence Steering Group (and their sub-committees) is responsible for developing and issuing risk management policies which are subject to monitoring. In 2022, additional global network policies and procedures were issued for digital assets business, anti-bribery and corruption and politically exposed persons. During 2022, as a result of the situation in Ukraine, several major jurisdictions imposed significant economic sanctions and trade restrictions affecting Russian persons and activities. The Risk and Compliance team reviewed the Global Sanctions policy and ensured that guidance and information relating to these economic sanctions and restrictions were available to member firms. The team also provided support to member firms and their compliance teams. REGIONAL QUALITY DIRECTORS BDO’s ongoing mission is to drive quality throughout the organisation, with efforts spearheaded by the Regional Quality Directors of each region (Americas, Asia- Pacific and EMEA).
TRANSPARENCY REPORT 2023
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