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.
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
Quality audits have a
significant societal value.
They help to demonstrate the
integrity of UK businesses
and encourage investment
in the UK economy.