Βenefits of KPMG Clara smart audit platform

During the Pandemic in many ways uncertainty became the norm. Could you describe the audit quality in KPMG as well as the benefits of KPMG Clara smart audit platform?  

It is true that uncertainty within the time of Pandemic became the new norm and in many cases companies, on top of the rapid technological changes that were already due, had to face the new reality that corona created. 

In KPMG even in this period of time audit quality is fundamental for us since is the key measure on which our professional reputation stands.  We define “Audit quality” as the result of the audits that executed consistently and in line with the requirements and applicable professional standards and all this within a strong system of quality controls.  

In KPMG the new era in audit is launched with KPMG Clara Platform. This new smart digital platform provides a clear audit structure in relation to the methodology that globally is used, it has a clear workflow since the updated methodology is aligned with the wording of the auditing standards and is user friendly. KPMG Clara integrates all our tools and technology in one place, so as to enhance audit quality and audit experience. It introduces a collaboration platform the KPMG Clara Collaboration.

KPMG Clara client collaboration is an online tool which facilitates secure collaboration between our clients and KPMG professionals wherever they are in the world. It drives effective and timely communication. The KPMG Clara site allows teams from KPMG and client teams to work together. This has been proved really beneficial in the new reality of distance working. It also introduces various features such as multi reporting capabilities, easy track progress, enhanced data tools which allows to manage balances in the audit file to align with financial statements and data analytics tools. These innovative analytics capabilities allow our professionals to limit the time they spent in repetitive not complicated issues and devote their time in areas that need professional skepticism and judgment. 

Therefore KPMG Clara Platform is a key pillar to audit quality which is achieved with the power of technology and the strength of our people.