Membership of Forums of Firms
In January 2019, MGI Worldwide was admitted as a full member of the Forum of Firms, an association of some 30 international accounting networks, including the Big 4 firms. Forum members commit to international quality standards and we are proud to be recognized by this prestigious body.
For MGI’s members in developing regions, membership of the Forum demonstrates its commitment to quality audit work in competing with other firms for international work with global institutions and NGOs.
The Forum of Firms is an independent association of international networks of firms that perform transnational audits. The objective of the Forum is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide.
Every three years each member firm is subject to an onsite review. The whole of MGIs review process is supported and operated by a leading audit and accountancy training and quality review company, SWAT UK, part of the training and quality specialist group, Wilmington plc.
MGI’s Technical Committee, which supervises the QA system, evaluates the level of QA controls in each firm and scores its performance. Improvement and re-review plans are agreed and, in some cases, disciplinary actions are taken. Firms which systematically score low in QA and show no sign of improvement are dismissed from MGI Worldwide.
MGI Worldwide takes quality assurance seriously – it is at the heart of how we deal with our clients and the reputation we have built during more than 70 years of international service.