The following is a list of abbreviations and acronyms used in this report.
|
ABC |
anti-bribery and -corruption |
|
AFM |
Autoriteit Financiële Markten (Authority for the Financial Markets) |
|
AI |
artificial intelligence |
|
AQC |
Assurance Quality Committee |
|
AQI |
audit quality indicator |
|
ARC |
Audit & Risk Committee |
|
BIO |
protection and restoration of biodiversity and ecosystems (EU Taxonomy) |
|
CapEx |
capital expenditure |
|
CARE |
Consider, Assess, Respond, Evolve |
|
CCA |
climate change adaptation (EU Taxonomy) |
|
CCM |
climate change mitigation (EU Taxonomy) |
|
CE |
transition to a circular economy (EU Taxonomy) |
|
CEAOB |
Committee of European Auditing Oversight Bodies |
|
CEO |
Chief Executive Officer |
|
CHRO |
Chief Human Resources Officer |
|
COO |
Chief Operating Officer |
|
CSDDD |
Corporate Sustainability Due Diligence Directive |
|
CSRD |
Corporate Sustainability Reporting Directive |
|
DMA |
double materiality assessment |
|
EEA |
European Economic Area |
|
EFRAG |
European Financial Reporting Advisory Group |
|
EMLC |
engagement management life cycle |
|
EO |
environmental objective (EU Taxonomy) |
|
EQCR |
engagement quality control review |
|
ERM |
enterprise risk management |
|
ESG |
environment, social, and governance |
|
ESRS |
European Sustainability Reporting Standards |
|
EU |
European Union |
|
FTE |
full-time equivalent |
|
GDPR |
General Data Protection Regulation |
|
GHG |
greenhouse gas |
|
GPS |
Global People Survey |
|
GRI |
Global Reporting Initiative |
|
HR |
Human Resources |
|
IAASB |
International Auditing and Assurance Standards Board |
|
ICP |
internal carbon pricing |
|
IDE |
inclusion, diversity, and equity |
|
IFAC |
International Federation of Accountants |
|
IFIAR |
International Forum of Independent Audit Regulators |
|
IFRS |
International Financial Reporting Standards |
|
ISQM |
International Standard on Quality Management |
|
ISSB |
International Sustainability Standards Board |
|
IT |
information technology |
|
KDN |
KPMG Delivery Network |
|
KPI |
key performance indicator |
|
MFR |
mandatory firm rotation |
|
NBA |
Koninklijke Nederlandse Beroepsorganisatie van Accountants (Royal Netherlands Institute for Chartered Accountants) |
|
NPS |
Net Promoter Score |
|
OpEx |
operating expenditure |
|
PCAOB |
Public Company Accounting Oversight Board |
|
PIE |
public-interest entity |
|
PPC |
pollution prevention and control (EU Taxonomy) |
|
PTO |
predictability, teaming, and open communication |
|
QPR |
Quality Performance Review |
|
RAC |
Remuneration & Appointment Committee |
|
RCA |
root-cause analysis |
|
SBT |
science-based target |
|
SBTi |
Science Based Targets initiative |
|
SDG |
Sustainable Development Goal |
|
SoQM |
System of Quality Management |
|
UN |
United Nations |
|
Wab |
Wet op het accountantsberoep (Dutch Auditors' Profession Act) |
|
WOR |
Wet op de Ondernemingsraden (Dutch Works Councils Act) |
|
Wta |
Wet toezicht accountantsorganisaties (Dutch Audit Firms Supervision Act) |
|
WTR |
sustainable use and protection of water and marine resources (EU Taxonomy) |