Financial statement audits play a critical role in creating and maintaining investor confidence and can unlock valuable insights into the business.
Financial statements audits play a critical role in maintaining investor confidence.
We – KPMG member firm audit professionals – believe that independent auditors perform the valuable role of being a trusted intermediary between the providers of business information and the users of that information. In the wake of the economic crises and scandals of the past few years, stakeholders are demanding more transparency and we are responding - changing how we operate, being proactive in listening to our stakeholders, and embracing Data & Analytics and new processes that are enabling us to make audit more relevant and continue to raise the bar on quality.
Our new smart audit platform - KPMG Clara
Automated, agile, intelligent and scalable, KPMG Clara allows our people to work smarter, bringing all of our powerful data & analytic capabilities into one interface. It will allow you to interact with us online, on a real-time basis as we conduct the audit, bringing you greater and more relevant insights. It is part of our commitment to maintaining and enhancing audit quality.
Use of Data & Analytics (D&A)
D&A is the key to unlocking the rich information that businesses hold. KPMG's audit, with D&A capabilities, enhances audit quality; by providing a deeper understanding of data populations, giving focus to higher risk transactions; and is transparent; by facilitating detailed analysis to uncover the reasons behind and root causes of outliers and anomalies and provide increased visibility into higher risk transactions and process areas.
Innovation is at the heart of our strategy in responding to the unprecedented challenges and opportunities we face as auditors. Core to our mission is acknowledging the responsibility we have as auditors to society and the capital markets. Innovations that lead to enhanced audit quality, methodologies to the audit, are important to the organizations we serve.