Transparency Report 2022

As the world continues to change, we know that our role and our purpose at KPMG has never been more important.

We recognize our privileged opportunity as a multi-disciplinary firm to work together with Canadian organizations to embrace today’s challenges and build a better tomorrow. We do this through a steadfast commitment to the highest standards of transparency, integrity and quality in everything we do.

As a leading provider of audit and assurance services in Canada, we know that the trust placed in us can never be taken for granted. We are relentlessly focused on audit quality so that we not only meet but also exceed the evolving expectations of our clients, investors, regulators and our dedicated KPMG professionals.

Over the past year, we’ve continued to lead and transform the audit experience through KPMG Clara, a market-leading, cloud-based platform and data-enabled workflow. Backed by a standards-driven methodology and advanced analytics capabilities, KPMG Clara drives our globally consistent audit execution while enabling our auditors to tap into enabling technologies that enhance audit quality through an ever-growing range and depth of insights into risks and anomalies.

We continue to upskill our audit professionals with the advanced skills that are driving the future of the profession through industry-leading programs like KPMG Digital Academy, in collaboration with Simon Fraser University’s Beedie School of Business. After all, our people are at the centre of audit quality: they live our values and care deeply and passionately about acting with courage, excellence and integrity. This is the purpose that drives us.

As we move past the challenging times of the past few years, we continue to invest in the systems, tools, wellness supports and skills needed to help our teams work effectively and thrive. These investments include direct support for physical and mental health and enhanced training, coaching and on-the-job learning.

Underpinning all of this is a strong, globally consistent system of quality management in alignment with our Canadian Standard on Quality Management. We take our role in serving the public interest very seriously and our processes reflect that, with the highest degree of independence, accountability, transparency, risk management and firm-wide governance.

We trust you will find our 2022 Transparency Report useful. It demonstrates our abiding focus on audit quality and our commitment to a continuous dialogue with our teams, our clients, and regulators to drive positive change and uphold confidence in the capital markets we serve.