Our audit methodology is designed to focus the audit on the risks that might have material impact on the financial statements.
Our audit methodology is designed to focus the audit on the risks...
It is designed to exceed national and international standards and all our professionals throughout our member firms around the world are guided by the same approach to methodology, processes and documentation. All audit staff undergo frequent and regular training to help ensure that their knowledge is as current as possible.
KPMG has its own quality procedures in place to which all member firms adhere, as well as being subject to external review by the Institute of Chartered Accountants of Pakistan. In addition, all our relationships are assessed by an independent Client Service Review, where we obtain direct feedback from the client on the overall quality of KPMG's services and relationships.
System of Quality Management
The objective of SOQM is to design, implement and operate a system of quality management for audits or reviews of financial statements, or other assurance or related services engagements performed by the firm, that provides with reasonable assurance that the firm and its personnel fulfill their responsibilities in accordance with professional standards and applicable legal and regulatory requirements, and conduct engagements in accordance with such standards and requirements.
We support with:
We take rigorous steps to help ensure that potential conflicts are carefully and effectively managed. Sentinel, unique to KPMG, is a sophisticated and automated independent tracking system, helping engagement teams review, approve and verify KPMG's service relationships with business entities worldwide. The system is mandatory for the client service teams of all clients and is fully compliant with Sarbanes Oxley and other regulatory requirements.