The MGI Worldwide Quality Assurance
The MGI Worldwide QA system is based on the international quality standard ISQC-1. Every year, member firms report through online systems on their compliance with international standards. Every three years each member firm is subject to an onsite review.
MGI Worldwide 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.
MGI Worldwide takes quality assurance seriously – it is at the heart of how we deal with our clients and the reputation MGI Worldwide has built during more than 70 years of international service.
A further commitment to audit quality
MGI Delta LLC is proud to be part of an international network of firms which is a member of the Forum of Firms.
The objective of the Forum of Firms is to promote consistent and high-quality standards of financial reporting and auditing practices worldwide.
Members networks of the Forum have confirmed that they have policies and methodologies with respect to transnational audits that are based, to the extent practicable, on International Standards on Auditing and conform to the International Ethics Standards Board for Accountants’ Code of Ethics for Professional Accountants and national codes of ethics and that they maintain appropriate quality control standards in accordance with International Standards on Quality Control in addition to relevant national standards. Members networks have also confirmed that they conduct, to the extent not prohibited by national regulation, regular globally coordinated internal quality assurance reviews.