In today's competitive world our clients need more from KPMG than just audit on financial statements. As a business they need to know how they are performing, and where they can improve. They need to have direction and solid, reliable advice built on an understanding, not only of the way they operate, but also of their own industry sector. This is how our audit approach is evolving to help them.
In our Audit group we have four departments, including professional banking and insurance departments, handling both audit and financial due diligence assignments, with managers qualified in financial reporting under International Financial Reporting Standards (IFRS), US GAAP and other reporting requirements.
According to the rules of modern management, every type of firm must increasingly devote attention to control mechanisms. Working with clients, KPMG Internal Audit Services applies modern audit methods based on organizational process analysis, as well as calculating a firm’s risk. In terms of outsourcing or co-sourcing, our audit focuses on strategic risks and their impact upon all levels of management and procedures, helping to generate recommendations that can lead to efficiency improvements.