High-quality information and effective governance are an essential foundation for strong capital markets. KPMG’s Investor Insights programme has been set up to facilitate communication between auditors, who provide vital assurance over financial statements issued to the markets; and investing shareholders, who rely on that assurance.
Our programme aims to:
- provide a forum to discuss and share perspectives on how corporate reporting and stewardship can evolve to meet investors’ needs today and in the future;
- explain the impact of developments in corporate reporting and assurance from an investor’s point of view; and
- enable investors to feed back their views on the companies we audit.
Insights and publications relevant to investors
- On-demand: ESG reporting - Are investors getting what they want?
- Insights: Diversity – why investors are choosing to challenge
- Insights: Survey of sustainability reporting 2020
- Insights: Sustainability standards – what do investors think?
- Report: Towards net zero
- Report: Climate in the annual report
- Podcast: The S in ESG
- On demand: Driving consistency in ESG disclosures – Webinar with World Economic forum
Corporate reporting reform
- Insights: Redefining the principles of corporate reporting
- Blog: Capital maintenance – Do the BEIS proposals go far enough?
- Insights: Capital maintenance – Key insights from our discussion with investors
- Report: Capital maintenance – Tackling the difficult questions
- Insights: A new Resilience Statement – Key insights from our discussion with investors
- Report: Brydon’s proposals for a new Resilience Statement
- Insights: Reporting acquisitions – is there a better way?
Corporate governance reform
COVID-19 – Audit and reporting considerations
Our response to investors' feedback
In response to feedback from our engagement with investors, we have made significant changes. Some of which are included below.
Governance and culture
- Recognising the investing shareholder as the client of our audits
- Stronger and more independent governance for our audit practice including a new separate Board for our audit practice
- Taking a lead in ending non-audit work for FTSE 350 companies
Future of the profession and corporate reporting
- Bringing the investor view into the firm’s response to external reviews (incl. Brydon, Kingman and Stewardship reviews)
- Publication of a paper on capital maintenance to examine the issues and sketch out, for debate, possible ways forward
Bringing the investor lens into our audits
- Investor input into planning of our audits
- Investor perspective in training to audit professionals
- Challenging the companies we audit to improve their corporate reporting, with an investor lens
- Reporting to Audit Committees on common areas of investor focus (e.g. APMs)
Enhancing our audit reports to deliver more of our independent insight
- Pioneering graduated findings
- Providing and indication of estimation uncertainty
- Expanding the explanation of our work on going concern
- Clarifying which laws and regulations we consider
- Encouraging companies to publish annual reports closer to the date of their results announcement
- Offering a new independent report on audited preliminary announcements to provide earlier insights into our audits