Often, the first year an organization seeks to implement an external assurance process, the primary source data is not sufficiently robust to obtain a formal assurance opinion. KPMG readiness assessments can help you prepare for the assurance process by:
- Reviewing the robustness of internal procedures for data handling and consolidation, including systems, processes and controls related to the indicators and report content for future verification statements.
- Assessing the completeness and accuracy of consolidated data.
- Based on interviews and observations, assessing whether the processes, controls and documentation for an audit review (in the current or following year) could be sufficient.
- Providing a report with an assessment of the quality report to be assured and suggestions for improvement.