Talal Abu-Ghazaleh International Becomes the First Arab Member Firm of the Forum of Firms

At the beginning of April, TAGI became the first Arab firm to become a member of the Forum of Firms (FOF). Launched in 2001, the FOF is an organization of international firms that perform audits of financial statements that are or may be used across national boundaries. Members of the Forum voluntarily agree to meet certain requirements as detailed in the FOF constitution. Commitment to the obligations of membership in the Forum contributes to raising the standards of the international practice of auditing in the interests of clients. The FOF conducts its business primarily through the Transnational Auditors Committee (TAC), a committee of the International Federation of Accountants (IFAC), whose members have been nominated by the members of the Forum.

The Forum?s standards of quality require that member firms employ policies and methodologies used for conducting transnational audits which require compliance with the International Standards of Auditing in addition to other relevant national standards; comply with the application section of the IFAC Code of Ethics; maintain training programs to keep partners and staff who perform transnational audits aware of international developments; and maintain appropriate quality control standards in accordance with International Standards on Auditing and International Standards on Quality Control, as issued by the IAASB.

For further information see www.ifac.org

Forum of Firms (FOF)
Officers, Staff, and Members

FOF Officers
  FOF Chairman Dr. Karl Emst Knorr
  FOF Secretary Brian Smith
Legal Adviser
    Jim Peterson
IFAC Staff
  TAC Director Russell Guthrie
  TAC Technical Manager Victoria Rand
Founding Firms
1. BDO  
2. DIT  
3. Grant Thornton  
4. Ernst & Young  
5. KPMG  
6. PWC  
Non-Founding Firms
7. Arthur Morris  
8. Baker Tilly International  
9. Constantin Associes  
10. DFK International  
11. HLB  
12. Horwath International  
13. IGAF  
14. INPACT  
15. International Eurogroup Consult  
16. Jeffreys Henry International  
17. Mazars & Guerard  
18. Moores Stephens International Ltd.  
19. Moores Rowland International  
20. PFK International  
21. Polaris/IA International  
22. RSM  
23. Russell Bedford International  
24. TAGI  
25. Urbach Hacker young