Auditor Transparency Report 2016

Auditor Transparency Report 2016

We strive to deliver the highest quality independent audit, approaching each audit with objectivity and professional scepticism. Audit ultimately derives its value from the quality of its processes.

Duncan McLennan

Partner, Audit, Assurance & Risk Consulting

KPMG Australia

Abstract illustration of global network

The audit landscape is continually evolving, with changes in accounting and auditing standards, new enhanced audit reports and more constant regulatory reviews. And the pace of change — especially technological — continues to grow.

KPMG's approach to audit quality

This chart summarises KPMG's approach to audit quality and transparency.

Transparency report 2016 infographic

Our commitment to audit quality is a constant

Our focus for 2016 and beyond is reviewing the depth and breadth of our learning curriculum, re-energising our audit quality coaching, and investigating a new way of analysing root causes of issues, such that we can drive holistic and sustained improvement.

Like our clients, we have embraced new and emerging technology to transform how we deliver an audit. We continue to invest in D&A capabilities, including successfully recruiting and integrating technology skilled graduates. Through this innovation we maintain a relentless focus on audit quality.

This year’s Transparency Report outlines the robust programmes we have in place. It describes our investment in processes and systems that govern our approach to audit quality. These range from our extensive standards and tools, established centrally, to our embedded support networks available to every auditor. It demonstrates the fact that, in a changing and challenging world, audit quality is constantly at the heart of everything we do.

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KPMG Australia acknowledges the Traditional Custodians of the land on which we operate, live and gather as employees, and recognise their continuing connection to land, water and community. We pay respect to Elders past, present and emerging.

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