6 June 2025, Hong Kong (SAR), China ("Hong Kong") – KPMG is proud to announce the release of its 2024 Hong Kong Audit Quality Report, reaffirming its unwavering commitment to delivering audit quality that fosters trust, accountability, and transparency. As the firm celebrates 80 Years of Trust in Hong Kong, KPMG has been a leader in delivering audit and assurance services that are essential to the successful working of the capital markets. The quality of our audit and assurance engagements remains a top priority at KPMG, with a commitment across the organisation to serve our clients, stakeholders, and the public with the highest professional excellence, ethics, and integrity.
Audit quality is fundamental to KPMG’s ambition to be the most trusted and trustworthy professional services firm. The 2024 Audit Quality Report details the proactive measures taken to enhance audit quality, including investments in technology, evolving audit methodologies, and fostering a culture of continuous improvement.
The report showcases KPMG’s strategic focus on delivering sustainable quality and meeting evolving client needs. Key highlights include:
- Driving innovation through digital transformation: The integration of KPMG Clara, a state-of-the-art, cloud-based audit platform, and the adoption of the KPMG Trusted AI framework reflect KPMG’s commitment to leveraging technology ethically and responsibly.
- Commitment to ESG reporting: Enhanced methodologies and frameworks ensure robust ESG assurance, aligning with global standards and societal expectations.
- Support and development of our people: KPMG’s focus on health, well-being, and technical upskilling ensures its teams are equipped to deliver high-quality audits.
- Continuous Improvement: Rigorous audit quality monitoring, root cause analysis, and quality action plans drive ongoing progress and accountability.
A particular highlight of this year’s report is the adoption of the Trusted AI framework to guide the integration of artificial intelligence into audit processes. This framework underscores KPMG’s dedication to embedding trust, transparency, and accountability into the use of AI technologies. By equipping auditors with cutting-edge tools like generative AI capabilities within KPMG Clara, the firm ensures seamless audits with real-time visibility and enhanced risk assessments.
The 2024 Audit Quality Report underscores KPMG’s vision of shaping the future of audits through innovation, integrity, and transparency. As the firm continues to evolve alongside its clients and society, it remains steadfast in its mission to uphold the highest professional standards and safeguard the public interest – values reflected in this year’s anniversary theme: 80 Years of Trust.
