Trust in the capital markets is built on quality. As auditors, we are entrusted with protecting investors and serving the public through the work we do every day to help Canadians make more informed financial decisions, and we have proudly served for more than 150 years. As the world becomes increasingly complex, upholding our commitment to quality is more important than ever. We fulfill this commitment by acting with integrity, maintaining independence, and rigorously adhering to professional standards.
This year’s transparency report outlines our approach to quality, including our system of quality management, which is underpinned by our belief in continuous improvement, accountability and transparency as key drivers to deliver high quality audits. As the pace of change accelerates, we remain steadfast in our commitment to challenge ourselves to identify opportunities for enhancement, learn from experience, and to adapt our methodologies and processes to enhance risk management and prevent, detect and remediate issues in order to uphold stakeholder confidence in our judgements.
Our people are the greatest investment in quality, and over the past year, we made significant investments to further train, coach and empower our teams to challenge and apply professional skepticism in all areas of the audit – an important part of our culture. With technology changing the way audits are performed, we’re also making the right investments now to enable greater risk management and efficiency through digital innovation to enhance audit quality. The audit firm of the future will be enabled by technology and powered by people, and we’re transforming to deliver high quality audits today – and for tomorrow.
This report is an invitation to engage with us, to better understand the standards we set for ourselves, and to hold us accountable. We are proud of our progress and remain steadfast in our pursuit of excellence. Together, we can continue to advance trust, transparency, and quality in everything we do.
Previous reports
Dedicated to delivering exceptional audit quality
Audit quality is fundamental to maintaining public trust and is the key measure on which our professional reputation stands.
We define “audit quality” as the outcome when audits are executed consistently, in line with the requirements and intent of applicable professional standards, within a strong system of quality management. All of our related activities are undertaken in an environment of the utmost level of objectivity, independence, ethics and integrity.
Our values
KPMG is committed to quality and service excellence in all that we do, helping to bring our best to clients and earning the public’s trust through our actions and behaviors both professionally and personally.
Our Values guide our behaviors day-to-day, informing how we act, the decisions we make, and how we work with each other, our clients and all of our stakeholders.
