Summary
KPMG in Romania provides its clients
with independent, quality work, earning
a reputation for independence, integrity,
ethical behaviour, and objectivity. KPMG
in Romania promulgates policies of
quality control including independence
that encompass the standards issued
by the International Federation of
Accountants (IFAC), which have also
been adopted by the Romanian
Chamber of Financial Auditors (CAFR).
Many of these policies and their
associated procedures have been
established by KPMG International to
provide reasonable assurance that its
member firms comply with relevant
professional standards and regulatory
requirements.
KPMG in Romania has established and
maintains quality control policies and
procedures, which encompass the
principal elements of International
Standard of Quality Control (ISQC) 1.
These are designed to meet or exceed
the expectations of audit committees
(our clients) as well as the rules and
standards issued by the Romanian
Chamber of Financial Auditors (CAFR),
the International Federation of
Accountants (IFAC) as well as the Public
Company Accounting Oversight Board
(PCAOB). KPMG in Romania’s quality
controls also monitor compliance with
the Sarbanes-Oxley Act of 2002, the
rules set by the U.S. Securities and
Exchange Commission (SEC), as well as
International Standard of Quality Control
(ISQC).