Audit
In this economic climate businesses, shareholders and stakeholders are looking for high levels of assurance. The objective of KPMG's auditors is to perform with integrity and provide the robust and independent opinion required, as the basis for decision making in the capital markets.
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We based our audit on six key principles to help ensure optimal service for our clients in the listed, private and public sector. These are:
- Technical experience: providing transparent, credible, timely and decisive judgements
- Focus: a prioritised approach, concentrating on mutually agreed key risks
- Involvement: frequent communication and substantial partner involvement supports the early identification and discussion of emerging risks
- Insight: sharing our views and observations on business performance, based on company and sector knowledge
- Integrated: tax, forensic and technology professionals, for example, are all part of our multi-disciplinary team
- Consistency: strong central direction bring cohesion and co-ordination of our audit team across all subsidiaries and territories
In addition to undertaking statutory audits, we also provide the following services:
The KPMG sponsored Audit Committee Institute (ACI), aims to be the first port of call for any audit committee member wishing to implement and/or improve audit committee processes.
Our audit methodology is designed to focus the audit on the risks that might have material impact on the financial statements. 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 their knowledge is as current as possible.
The KPMG International Financial Reporting Group, based in London, draws upon the experience of KPMG's member firms to address the challenges posed by International Financial Reporting Standards.
Contact
Public report on the 2008/9 Inspection of KPMG LLP and KPMG Audit Plc issued by the Audit Inspection Unit of the Professional Oversight Board, part of the Financial Reporting Council
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