Auditor Transparency Report 2017

Auditor Transparency Report 2017

We accept the continuing challenge posed by market participants and regulators, to all audit service providers, to preserving public trust in our profession. Our report outlines the initiatives we introduced over FY17 to achieve this and our multi-layered approach to audit quality.

Andrew Yates

Chief Executive Officer

KPMG Australia

Illustration of a tree trunk with growth rings

The world in which we, and our clients, operate does not stand still. The way we approach and execute our audit doesn’t either. We are proud of what our team has done to ensure KPMG delivers an audit service in which the market can consistently have confidence and we are committed to continuing that focus on, and investment in, audit quality.

KPMG's multi-layered approach to audit quality

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

Infographic of KPMG's approach to audit quality

Our commitment to public trust in audit quality

At KPMG we consider audit quality is not just about reaching the right opinion, but how we reach that opinion. It is about the processes, thought and integrity behind the final formal audit report.

In FY17, we invested in several new initiatives to enhance audit quality. Specifically, a new dedicated global quality performance review team, a specialised panel coaching teams on narrating key audit matters in their audit reports, and undertaking deep-dive root cause analysis on the underlying common quality challenges, developing our audit quality action plan. We have, and will continue to, work tirelessly to respond to the recommendations of relevant internal and regulatory reviews, enabling us to confidently address our focus areas.

View full report

This interactive PDF is best viewed in full screen mode.

Smartphone and tablet users
View the PDF using the free Adobe Reader app that is available for your device. When launching the document, select Adobe Reader to view the document.

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.

©2023 KPMG, an Australian partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

Liability limited by a scheme approved under Professional Standards Legislation.

For more detail about the structure of the KPMG global organisation please visit

Connect with us

Save, Curate and Share

Save what resonates, curate a library of information, and share content with your network of contacts.