| TRANSPARENCY REPORT
A RSM UK Audit LLP risk register is maintained
on an on-going basis by the Head of Audit and is
regularly considered by the AMT. Any issues which
are relevant to RSM UK Audit LLP are raised with
the Audit Management Board and the PIC.
The principal risks, along with the key mitigants, are
subject to periodic review, and are monitored by,
the Audit Management Board and the AMT.
The INEs are conversant with the
principal risks facing RSM UK Audit
LLP and are satisfied that the Audit
Management Board and the AMT are
continuing to mitigate those risks by
identifying any issues and reviewing
processes aimed at minimising them.
RSM UK Holdings Limited's Board continues to
review the effectiveness of the risk management
approach and has initiated a project for 2020/2021
to review and, where appropriate, enhance the
structure, process, and reporting of risk across the
firm, in keeping with good practice. The aim will be
to further embed risk management across RSM
and ensure risk is mitigated to not only protect our
brand, quality, and people, but also consider future
and emerging risk and mitigation strategies.