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TRANSPARENCY REPORT |

Values and behaviours

It is vital that the firm is constantly assessing its messaging and the behaviour

of staff to ensure that a quality culture permeates throughout the firm.

The Management Board, PIC and AMT look for

signs that any aspects of culture need redressing

and the Ethics Team promotes and monitors

adherence to independence and integrity.

All partners and staff are provided with access

to the employee guide which sets out the firm's

code of conduct. The employee guide contains

information covering all aspects of day-to-day

working life and is available on the intranet as a

reference tool, ensuring that both partners and

staff always act in a professional manner.

This is the second year of applying our Global

Audit Methodology, RSM Orb. This enhances,

and continues to provide, a method for

emphasising some of the firm's key audit

values including exercising scepticism,

understanding the client and providing a

service relevant to them.

The PIC and the Management Board oversee

a dynamic culture action plan. This takes into

account the actions raised by the 2018 FRC

Audit Culture Thematic Review, the FRC letter

to heads of audit in December 2020 and other

cultural issues or initiatives raised by members

of management or the wider firm. As well as

a review of the appraisal system and ensuring

the wider firm values and purpose foster audit

quality, we are running focus groups with all

levels of staff to discuss and debate the quality

culture at RSM. The feedback from these

groups will inform our actions going forwards.

Whistleblowing

The intranet sets out the whistleblowing policy,

which applies to all partners and staff across

all service lines. It encourages the reporting of

instances of malpractice, dishonesty or unsafe

or unhealthy working practices. Individuals who

make reports in good faith are protected against

dismissal or any form of victimisation. Reports

can be made to the individual's line manager or

AUDIT QUALITY

94%

Quality audits have a

significant societal value.

They help to demonstrate the

integrity of UK businesses

and encourage investment

in the UK economy.

Staff feedback

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