We strive to deliver the highest quality independent audit, approaching each audit with objectivity and professional scepticism. Audit ultimately derives its value from the quality of its processes.
The audit landscape is continually evolving, with changes in accounting and auditing standards, new enhanced audit reports and more constant regulatory reviews. And the pace of change — especially technological — continues to grow.
This chart summarises KPMG's approach to audit quality and transparency.
Our focus for 2016 and beyond is reviewing the depth and breadth of our learning curriculum, re-energising our audit quality coaching, and investigating a new way of analysing root causes of issues, such that we can drive holistic and sustained improvement.
Like our clients, we have embraced new and emerging technology to transform how we deliver an audit. We continue to invest in D&A capabilities, including successfully recruiting and integrating technology skilled graduates. Through this innovation we maintain a relentless focus on audit quality.
This year’s Transparency Report outlines the robust programmes we have in place. It describes our investment in processes and systems that govern our approach to audit quality. These range from our extensive standards and tools, established centrally, to our embedded support networks available to every auditor. It demonstrates the fact that, in a changing and challenging world, audit quality is constantly at the heart of everything we do.
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KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.