Averum, a subsidiary of Pinion, LLC, prioritizes maintaining impartiality during the performance and delivery of its certification services to clients. Although scenarios which could threaten impartiality may occur, Averum has practices in place to manage these circumstances as appropriate. In such cases, Averum will take action to document and address the scenario to promptly eliminate the threat. All conformity assessment activities are performed impartially, without compromise due to commercial, financial, or other pressures.
Prior to engaging with a new client, Averum considers whether the relationship would threaten its ability to protect impartiality. Additionally, Averum reviews existing relationships on an ongoing basis to maintain an awareness of any relevant changes. In cases where an identified threat may result in an unfavorable residual risk and exceed Averum’s risk appetite, Averum will (a) decline to perform or discontinue the professional services or (b) terminate the relevant relationships or dispose of the relevant interests to eliminate the threat or reduce it to an acceptable level.
Averum has implemented a risk assessment process to identify, analyze, treat, monitor, and document the risks related to conflict of interests. On at least an annual basis, Averum leadership assesses potential conflicts of interest, considers threats to impartiality, defines acceptable levels of risk, and reviews the applicable existing policy to determine whether Averum’s practices require enhancement.
On at least an annual basis, Averum reviews the adequacy of arrangements to cover liabilities associated with risks evaluated for certification activities. Additionally, Averum performs an evaluation of the organization’s finances and sources of income to ensure impartiality is not compromised, both initially and on an ongoing basis, due to commercial, financial, or other pressures.
All personnel are aware of the importance associated with maintaining Averum’s impartiality.
To protect impartiality, Averum will not perform the following services:
Averum will take action to correct inappropriate links or statements by any consultancy organization stating or implying that a certification would be simpler, easier, faster, or less expensive if Averum were used. Similarly, Averum will not state or imply that a certification would be simpler, easier, faster, or less expensive if a specified consultancy were used.