Transparency Report 2022

The success of KPMG will always be linked to the quality of the services we provide to those that rely on us. For more than 150 years, quality has helped us become a trusted advisor to so many businesses and stakeholders across the world and the measure of our success will be determined by the level of quality we provide — no matter how the world turns.

Providing high-quality services takes hard work, dedication and focus, as well as a continued investment in the people and technology that make it happen.

We’re making sure our incredible people — who respect the KPMG Global Code of Conduct, live our Values and care about doing the right thing — are with us every step of the way. These past few years have been challenging and our people’s remarkable resilience and deep commitment to providing services of the highest quality to clients and stakeholders have been inspiring. And we’re helping them expand their careers, supporting their well-being, and building a safe and inclusive workplace. Their individual success is key to our collective growth.

That’s why we’re transforming the audit experience for both our clients and our teams by investing in KPMG Clara — our cloud-based audit methodology and workflows platform.  KPMG Clara delivers smarter, data-driven outcomes and deeper insights by blending some of the best of technology with the best of our people. This leading technology helps our 90,000 plus audit professionals in 143 countries and territories deliver high-quality audits in a consistent way.

We have also strengthened the consistency and robustness of our system of quality management across our global organization to comply with the new International Standard on Quality Management (ISQM 1). We believe consistent execution and adherence to these requirements and the intent of the professional standards behind them will help drive higher quality across our organization for clients, large and small, no matter where they do business.

And as stakeholders demand more accountability on environmental, social and governance (ESG) issues, and regulators begin to require disclosures across new metrics, we’re investing more than 1.5 billion US dollars to make ESG the watermark running through KPMG. This has empowered our people, who can continue to tap into a diverse set of multidisciplinary skills and capabilities to help provide independent measurement, validation and quality assurance over ESG information as the standards evolve.

Audit has been a fundamental part of our business for generations and, as the world changes dramatically, our fidelity to ensuring the successful working of the capital markets through the robust quality of our audits has stayed constant. It’s why we’ve been successful for 150 years, and the measure of our quality is the reason we expect to be here for 150 more.

We’ll continue to work hard to provide you with quality and earn your trust.

Thank you for trusting KPMG.