Welcome to the Transparency Report for KPMG in the Lower Gulf for the year ended 30 September 2018.
We recognize the importance of sharing with our stakeholders what we do to advance quality, to manage risk and to maintain independence. This publication focuses principally on our audit practice and plays an important role in helping us to communicate to all of our stakeholders the measures we take to help ensure we deliver high quality audits.
Our vision is one that sees KPMG as the clear choice professional services firm in the United Arab Emirates and Oman. Our firm is built on a foundation of trust and integrity. We are committed to ensuring all our people do the right thing, every time, and that we continue to provide the highest quality services to our clients. Together with our global colleagues we are united in our commitment to providing independent assurance on what matters to all our stakeholders: regulators, clients, people and the public.
Our focus on quality is underpinned by:
Our culture. We drive a relentless focus on quality and service excellence and aspire to be the standard of trust in our profession. We recognize that trust is not a given: it must be earned and maintained.
A quality audit means the delivery of an appropriate and independent opinion that is properly supported in compliance with the applicable auditing standards, laws and professional requirements. This means being seen to be independent in mind and complying with our legal and professional obligations.
Our people. We approach all matters in an audit with objectivity and professional skepticism to offer relevant, valued insight and impartial views through candid communications.
Our approach to audit quality. This includes having globally consistent methodologies and policies, enabled by innovative tools. The expanding role of innovation and technology in audit continues to evolve, providing greater clarity and generating deeper and richer insights. Innovation in audit is an area where KPMG continues to invest significantly.
Our monitoring programmes. These are fundamental to sustaining quality and to building on our success. We have a number of programmes and initiatives aimed at identifying opportunities for continuous improvement and relevant remedial actions. That means we also work closely with regulators, audit committees, investors and businesses to meet the expectations of stakeholders.