Audit & Assurance

As your business goes through change and your industry evolves, there’s an ongoing need to ensure that your accounting treatment is correct and your financial statements are compliant.

There are many triggers that can impact your financial statements and accounting processes – for example:

• Business events such as entering new contracts, acquiring or disposing of a subsidiary and group restructurings.
• New accounting standards affecting your balance sheet, reported results and accounting policies and manuals.
• Updated disclosure requirements impacting the compliance of your financial statements.
• Changes in the reporting framework, which must be reflected in your financial statements and the wider business.
• Digital developments in accounting and reporting, creating opportunities for accounting and reporting efficiencies.

We deliver independent audits that foster confidence in your financial reporting by enhancing understanding of your operations, external environment, and industry-specific risks. Our role is to provide investors and other stakeholders with the information they need to make well-informed decisions.

Acting with integrity is at the core of our audit process, which examines how well your governance and internal control function. We continually invest in data and analytics tools. Through our global audit platform, KPMG Clara, we focus on the most critical issues based on the insights provided by the platform, enabling us to deliver the highest quality audits.

We deliver performance- and internal audits. Our audit services provide valuable insights to help government agencies, regions and municipalities adapt to changing needs. We also provide consulting services related to the public sector.  

Our offering: 

• Local government audit (Kommunal- och regional verksamhetsrevision) 
• Central government internal audit (Statlig internrevision) 
• Consulting services related to operation excellence and digitalization

To meet the increased expectations for transparent and reliable reporting, it is essential to maintain a strong level of ICFR (Internal Control over Financial Reporting) and ICSR (Internal Control over Sustainability Reporting).
Many organizations outsource parts of their operations to service providers specializing in processes like payroll, IT, procurement, and back-office services. An effective way for service organizations to communicate how they manage internal controls is through a third-party assurance report.

We assist with auditing and issuing third-party assurance reports in accordance with ISAE 3402/SOC 1, ISAE 3000, SOC 2, SOC 3, and ISO 27001. KPMG also offers readiness assessments to evaluate whether your organization is prepared for such audits, helping you choose the appropriate level of assurance based on your needs, and providing guidance on scope and limitations.

We are responsible for the technological aspects of all Audit and Assurance. Our primary responsibilities include assessing the financial risks to which our clients' IT environments are exposed, analyzing client data, and supporting our team in deploying technology solutions for effective engagement delivery. Additionally, our team provides individual technology assurance services, offering clients higher peace of mind by addressing risks arising from the use of IT. 

IT Audit
We make sure that our clients’ IT systems and controls are up to standard and meet regulatory requirements, which helps them run their businesses smoothly and securely. For KPMG, embedding IT audits into both external and internal audits helps build trust and reinforces our role as a full-service provider of risk management solutions.

Data and Analytics
By employing a data-driven approach, we assess risk areas and ensure both quality and efficiency in our delivery. We collaborate closely with our clients to leverage their data in delivering high-quality reports for Audit and Assurance engagements. Our team of data specialists ensures access to the complete population of relevant and available data from clients' IT landscape, using automation and AI powered tools, aiming to identify possible misstatements that could impact the disclosure of financial and non-financial (e.g., ESG) reports.

Tech Assurance
From cybersecurity assessments and ISO 27001 compliance to project assurance and ISAE reporting, we help clients protect their operations and meet international standards. This not only gives them peace of mind but also enhances KPMG’s standing as a reliable partner in governance and cybersecurity, creating more opportunities to support their broader risk management needs.

With the introduction of the Corporate Sustainability Reporting Directive (CSRD) and the accompanying European Sustainability Reporting Standards (ESRS), the EU is raising the bar for mandatory sustainability reports. The aim is to place sustainability reporting on par with financial reporting. The Assurance of sustainability reports is now required to increase transparency.

Our review helps increase stakeholders’ trust in sustainability information, making it more useful for decision-making.