Our commitment to audit quality goes far beyond compliance only auditing. It is our fundamental promise to the clients, investors, audit committees, communities and other stakeholders we serve.
Our investment in our people and in innovative audit technology and methodology is driven by our commitment to quality. Each Audit partner and professional in our practice brings a continuous improvement mindset to power our efforts to continue transforming the audit experience.
“Our commitment to audit quality recognizes and reflects our collective changing reality,” said Vice Chair - Audit Scott Flynn. “We are not only investing more deeply in our people, culture, technology and service delivery model to deliver a more consistent and efficient audit experience – we are preparing our people for the future today. These investments will enable us to lead the market in delivering sustained audit quality.”
“We are continuing to move beyond compliance only auditing, investing in an iterative, data-driven and collaborative process to constantly measure, improve and lock in quality-sustaining actions,” said Christian Peo, National Managing Partner – Audit Quality and Professional Practice. “This mindset emboldens us to build quality into everything we do in a way that delivers a better experience not only to our clients but to our people as well.”
Investment in KPMG Clara, our global smart audit platform, is ongoing, bringing advanced data extraction, transformation and analytic capabilities together with our enhanced methodology and automation for a more risk-based, transparent and effective audit.
Our utilization of KPMG Clara continues to grow:
Technology and methodology
We are reimagining our service delivery model to standardize the way we approach the audit while scaling expertise. We bring together technology and methodology in all our engagements.
“The audit profession is engaging in issues at the top of the board and audit committee agenda,” said Flynn. “New developments demand auditors think critically about how we apply our skills, experience and independence to the broader array of challenges facing businesses and investors today.”
Read more on how KPMG audit is investing capabilities to stay ahead of business digitization, ESG and industry trends to protect the capital markets.