Quality Policy Statement

At Grohney AAA LLP, we are committed to maintaining the highest standards of quality in all aspects of our professional services. Quality is fundamental to our business philosophy and is integrated into every service we provide. Our dedication to excellence ensures that we consistently deliver value to our clients while upholding the integrity and reputation of our firm.

This Quality Policy Statement outlines our approach to quality management and reflects our ongoing commitment to continuous improvement in all our operations.

Our Quality Commitment

Grohney AAA LLP is committed to:

• Delivering services that consistently meet or exceed client expectations and comply with applicable professional standards, legal requirements, and regulatory frameworks.
• Maintaining a comprehensive quality management system that is regularly reviewed and continuously improved.
• Ensuring all engagements are conducted with professional competence, due care, objectivity, and independence.
• Fostering a culture where quality is everyone's responsibility and is embedded in our day-to-day activities.
• Providing our people with the training, resources, and support needed to deliver high-quality services.

Quality Management Framework

Our quality management framework is built on the following key elements:

• Leadership Commitment: Our leadership team demonstrates a commitment to quality through their actions, decisions, and the resources allocated to quality management.
• Client Acceptance and Continuance: We implement rigorous client acceptance and continuance procedures to ensure we engage with clients who share our commitment to quality and ethical standards.
• Engagement Performance: We have established methodologies, tools, and review processes to ensure consistent quality in the planning, execution, and reporting of all engagements.
• Human Resources: We recruit, develop, and retain talented professionals who demonstrate a commitment to quality and professional excellence.
• Monitoring and Remediation: We conduct regular monitoring of our quality management system and implement corrective actions to address any identified deficiencies.
• Documentation: We maintain appropriate documentation to demonstrate compliance with professional standards and our internal quality policies.

Professional Standards

Grohney AAA LLP adheres to the following professional standards and frameworks:

• International Standards on Auditing (ISA)
• International Standards on Quality Management (ISQM)
• International Financial Reporting Standards (IFRS)
• International Ethics Standards Board for Accountants (IESBA) Code of Ethics for Professional Accountants
• Institute of Certified Public Accountants of Kenya (ICPAK) Code of Ethics and Professional Standards
• Relevant local and international laws and regulations

Quality Control Measures

Our quality control system includes the following key measures:

• Engagement Quality Reviews: Independent reviews of significant engagements by experienced professionals not involved in the engagement.
• Technical Consultations: Mandatory consultations on complex technical matters with our technical specialists.
• Regular Quality Inspections: Internal and external inspections of our work to ensure compliance with professional standards and firm policies.
• Client Feedback: Regular collection and analysis of client feedback to identify areas for improvement.
• Root Cause Analysis: In-depth analysis of any quality issues to identify underlying causes and implement effective remediation measures.
• Continuous Training: Ongoing professional development and training for all staff on technical matters, quality procedures, and ethical requirements.

Independence, Integrity, and Objectivity

We maintain the highest standards of independence, integrity, and objectivity in all our professional relationships. Our policies and procedures ensure that:

• All professionals comply with independence requirements applicable to each engagement.
• Potential conflicts of interest are identified and addressed appropriately.
• Professional skepticism is applied throughout the engagement process.
• Confidential information is protected in accordance with professional standards and privacy laws.

Continuous Improvement

We are committed to continuously improving our quality management system and service delivery. This includes:

• Regular review and update of our quality policies and procedures.
• Benchmarking against industry best practices.
• Incorporating feedback from clients, regulators, and internal monitoring activities.
• Investing in technology and methodologies that enhance quality and efficiency.
• Learning from identified deficiencies and implementing preventive measures.

Leadership Responsibility

Our Managing Partner and the firm's leadership team have ultimate responsibility for our quality management system. They are committed to:

• Promoting a quality-focused culture throughout the firm.
• Ensuring that commercial considerations do not override the quality of work performed.
• Providing sufficient resources for the development, implementation, and maintenance of the quality management system.
• Regularly communicating the importance of quality to all personnel.
• Recognizing and rewarding high-quality work.