NEW YORK, NY - KPMG Audit has modernized its Audit Quality Report (AQR), transitioning it from a static document, released once a year, to a dynamic, data-driven platform that will be updated to respond to market developments.
“Through our revamped AQR, we will better engage all our stakeholders — clients, boards, talent and more — to effectively communicate how we enhance and sustain audit quality and shape the future of audit,” said Scott Flynn, KPMG Vice Chair – Audit. “This new platform will enable our partners and professionals to have more seamless, organic and timely discussions of audit quality initiatives that address dynamics happening in the market.”
KPMG is the first Big Four firm to buck the trend and truly modernize its Audit Quality Report. The new platform features the full report, a dynamic data dashboard that will be updated frequently, and blogs and data graphics aligned with the five pillars of our Audit Story.
Key highlights from the 2022 Audit Quality Report:
“We emphasize that audit quality is beyond compliance,” said Christian Peo, KPMG National Managing Partner – Audit. “Our Audit Quality Report demonstrates how we have made changes at the individual, engagement team and national level to build quality into each and every step of our audit approach.”
“Most importantly, we know our people drive audit quality, and the changes highlighted in our Audit Quality Report directly improve the audit experience for our people,” Flynn emphasized. “This mindset is central to the long-term success of our practice in delivering quality audits and growing our practice.”
Click here to take a first look at KPMG’s revamped AQR.
About KPMG LLP
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 143 countries and territories and has more than 265,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.
KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.