Our 2020 Transparency Report outlines how we drive audit quality, our systems of quality control, and how we are working to improve it. The 2020 KPMG Australia Transparency Report covers our financial year to 30 June 2020.
Almost every aspect of auditing has had to be revised or reviewed this year, given the unique circumstances companies and auditors found themselves in. For KPMG, our response to the COVID-19 global pandemic was far more than simply implementing temporary measures to address restrictions. We have fundamentally altered the way our auditors work and how we provide services to our clients in this new environment.
We believe we have risen to the unique challenges by focusing on our people’s wellbeing throughout, revising our approach to both physical and judgemental auditing issues and equipping our teams with the tools and support necessary for them to do their jobs.
With the pandemic creating such uncertainty, we believe the role of audit is now more important than ever, and that auditors should therefore strive to explain our work and how we go about it. Indeed, how an audit is conducted is as important as the final result.
We are pleased to present our Transparency Report for 2020, which outlines how we are working to maintain and improve audit quality.
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