TRANSPARENCY REPORT |
The Ethics Partner and Ethics Team are the main constituents of the
firm's 'Ethics Function', which is required by regulation to be efficient and
effective and to ensure firm compliance.
The performance of the Ethics Function is
continually under review. At the suggestion
of the INEs, the Terms of Reference of the
Ethics Partner have recently been substantially
revised. In particular, the Ethics Partner
has been appointed to the Board of RSM
Holdings Ltd and is the ultimate arbiter of the
application of the Revised Ethical Standard
2019 and other applicable ethical codes. 'Ethics
Champions', appointed by each individual
service-line throughout the breadth of RSM UK
Holdings Ltd, help inform the Ethics Partner's
supervision over the firm's ethical reputation.
The Ethics Partner also holds the post of Head
of Compliance, and chairs meetings of the
Ethics Team. The PIC has regular liaison with
the Ethics Partner and the Ethics Partner has a
right of recourse to the firm's INEs in the event
of a fundamental disagreement with the firm
over any matter in his jurisdiction.
The Ethics Partner takes part in the
FRC's Technical Advisory Group, the
medium for sharing questions of the
interpretation and application of the
FRC's Revised Ethical Standard 2019
between the largest audit firms.
ETHICS: INTEGRITY, INDEPENDENCE AND OBJECTIVITY