Every audit, all of our business solutions, each piece of work we undertake — all are performed with integrity to meet our exacting and comprehensive standards for quality and consistency.
Our relentless focus on quality has never been more critical than in these uncertain and highly challenging times. There has never been a more necessary time for enhancing trust and confidence among investors, regulators, our clients, our people, capital markets and the communities in which we live and work.
We are on a continuous mission to drive sustainable improvements so as to continually uphold the highest levels of quality and trust in all areas of our work. The way we think about quality is rooted in our Values, led by our focus on integrity. In 2020, we set forth our refreshed Values that guide our behaviours and inform how we act and work with each other and the clients we work for.
Raising the bar
Across KPMG, we are investing in the quality of our processes, methodologies and systems to make sure the work that we do meets or exceeds the standards expected of both KPMG and our profession. A constant focus on quality allows us to continue to build trust and achieve our ambitious growth objectives.
There is no area of our business where quality is more important and where we are investing more than in audit.
With our Global Audit Quality Transformation we are raising the bar within a strong system of quality controls to become the most trusted and trustworthy firm. At every level, we have been re-evaluating our approach to audit quality, and that work continues.
Head of Audit Operations,
KPMG in Malta
Our commitment to audit quality is encompassed by our Global Quality Framework, a comprehensive approach to outline how we deliver quality at KPMG, and how everyone at KPMG contributes to its delivery. With the Global Quality Framework as our guide, we continue to move forward with efforts to enhance all aspects of our drive for quality.
When the International Auditing and Assurance Standards Board (IAASB) recently approved a new and revised set of quality management standards, set to take effect in 2022, we were prepared. We not only support the new standards, we are investing and aggressively taking steps to implement them.
Investing in quality
As with every part of our business, technology is central to our global audit capabilities, and we are investing significantly in digitising audit through the KPMG Clara smart audit platform. KPMG Clara is cloud-based, running on Microsoft Azure and is a true game-changer. It enhances audit quality and consistency and seamlessly brings more data-driven insights to the audit.
When it comes to quality, it is rooted in our leadership and performance framework that reflects our Values and gives our people ownership over their contribution to upholding the highest levels of quality in their behavior and everything we do.
Throughout this webpage, “we”, “KPMG”, “us” and “our” refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. Member firms of the KPMG network of independent firms are affiliated with KPMG International. 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.