Financial statement audits give assurance over information used by investors and the capital markets.

Independent, quality financial statement audits.

Our Approach at Audit

An independent audit of financial statements is one of the foundations for the effective operation of the capital markets. Audit quality is vital for maintaining trust in the financial reporting process and the integrity of financial information. Audit teams equipped with a high level of technical skills and empowered with professional skepticism provide the heart and soul of a good audit. In addition, we believe:

  • Audit methodologies must focus on fundamentals and guide good audit judgments.
  • Technology can provide for effective information gathering, allow for critical data comparisons, and enhance contextual analysis.
  • Compliance tools help the auditor meet professional and regulatory requirements.
  • Cultural values should encourage sound judgment and objectivity.

The approach of KPMG in Germany to audit services addresses each of these areas. A multidisciplinary approach means audit engagement teams have access to professionals in such areas as forensics, tax, information risk management and valuation, providing them with a broad understanding of an organisation, and enabling teams to focus on key areas of risk, adequacy of internal controls, and potential fraud.

Working with a method

Our risk-oriented audit approach is based on a comprehensive understanding of the business activities of our clients, of the resultant business risks, and their implications for the annual financial statements and the management report. This approach includes an assessment of the internal controlling system. We provide the management and supervisory body of the company with an extensive report on the findings of our audit.

To ensure that the audit is conducted with due professionalism, we engage specialists who not only have an excellent theoretical background, but who are also able to demonstrate extensive practical experience based on assignments at a large number of companies. These particularly include our specialists in the fields of information risk management and tax and financial risk management.

Our risk-oriented approach and the resultant ongoing flow of information as to the progress of the audit are aimed at promptly recognizing any weak points and risks and thus at identifying individual solutions capable of implementation in good time.

Our excellent industry and product expertise, coupled with our involvement in professional associations, specialist committees and international bodies, have made us one of the leading auditing companies.

Audit Committee Institute

We are committed to delivering quality and independent audits. Recognizing the importance of audit committees, KPMG in Germany established in 2003 the Audit Committee Institute (ACI) to help provide a resource to audit committee members to help them keep pace with evolving business issues related to governance, audit issues, accounting, and financial reporting.

Connect with us

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today