How technology reshapes the audit
and delivers more value
Clarity in 100 seconds
Mastering technologies while seeing the bigger picture
Clients require a new type of assurance to address new risks that emerged from an ever dynamic world. Audits have become more process focussed in this increasingly automated and standardized environment. The speed of change at our clients and in our business is likely to further accelerate, but what will remain is the need to challenge clients' business models and the auditor’s ability to make sound judgements.
More insights with an integrated and dynamic audit approach
The world is changing. We are too. We endeavor to bring efficiency and greater value through innovations to our audit process. We incorporate technology across the end-to-end audit approach, from planning to reporting, and employ data analytics and innovative technology to our client’s IT environment and processes. By doing so, we are able to analyze greater quantities of data, dig deeper and deliver a high quality audit, and provide our clients with tangible and valuable insights. Insights they can use to make better-informed decisions about their business.
Where do you stand in your digital journey?
KPMG strives to inspire confidence and empower change. Our methodology is mature and continues to evolve with the latest technological changes. The option of using technology in the audit depends on our client’s IT systems maturity and future digital developments. As our client’s IT environment evolves and the ERP landscape matures and centralizes, we'll further optimize the use of technology in the audit. As our client standardizes and centralizes, we'll be scaling up data analytics and process-mining in the audit, and perform less of the manual testing and spreadsheet controls.
Scalable audit analysis scope
Dynamic Risk Assessment: Seeing audit risks in a new light
Looking beyond conventional depictions of risk based solely on likelihood and severity, Dynamic Risk Assessment takes a four-dimensional view of risk that allows for the contagion effect of risks. By exposing the expected contagion effects between global and enterprise risks, KPMG objectively measures the genuinely significant threats. This unparalleled view provides our clients with new insights that they may use to drive more-informed decisions within their organizations about how best to tackle and monitor these threats.
Note: Regulatory limitations in using full methodology for audit clients.