Ireland

Details

  • Service: Audit, Advisory, Tax, Infrastructure, Marketing and Communications, Who We Are, Alumni
  • Industry: Financial Services, Private Irish Business, Technology, Media & Telecommunications (TMT), Industrial Markets, Consumer Markets, Infrastructure, Government & Healthcare, BRICS
  • Type: KPMG information
  • Date: 28/03/2013

Transparency Report 2012 

Download our KPMG Ireland Transparency Report for the year ended 31 December 2012, in which we take the opportunity to share with you steps taken to uphold our professional obligations and responsibilities, and to explain how we ensure delivery of the highest quality in all of our services.
Transparency Report 2012
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Contents:

  • Message from our Managing Partner
  • 1 Who we are
    • 1.1 Our business
    • 1.2 Our strategy
  • 2 Our structure and governance
    • 2.1 Legal structure
    • 2.2 Name and ownership
    • 2.3 Governance structure
  • 3 System of audit quality control
    • 3.1 Tone at the Top
      • 3.1.1 Leadership responsibilities for quality and risk management
    • 3.2 Association with the right clients
      • 3.2.1 Acceptance and continuance of clients and engagements
      • 3.2.2 Prospective client and engagement evaluation process
      • 3.2.3 Continuance process
      • 3.2.4 Client portfolio management
    • 3.3 Clear standards and robust audit tools
      • 3.3.1 Audit methodology and tools
  • 4 Independence, integrity, ethics and objectivity
    • 4.1 Overview
    • 4.2 Personal independence
    • 4.3 Independence training and confirmations
    • 4.4 Audit partner rotation
    • 4.5 Non-audit services
    • 4.6 Fee dependency
    • 4.7 Business relationships/suppliers
    • 4.8 Conflicts of interest
    • 4.9 Anti-bribery and corruption
  • 5 Quality audit teams
    • 5.1 Recruitment
    • 5.2 Personal development
    • 5.3 Performance evaluation and compensation
    • 5.4 Partner admissions
    • 5.5 Assignment
    • 5.6 Commitment to technical excellence and quality service delivery
    • 5.7 Technical training
    • 5.8 Accreditation and licensing
    • 5.9 Access to specialist networks
    • 5.10 Consultation
    • 5.11 Developing business understanding and industry knowledge
  • 6 Performance of effective and efficient audits
    • 6.1 KPMG audit process
    • 6.2 Timely partner and manager involvement
    • 6.3 Critical assessment of audit evidence with emphasis on professional skepticism
    • 6.4 Ongoing mentoring and on the job coaching, supervision and review
    • 6.5 Appropriately supported and documented conclusions
    • 6.6 Appropriate involvement of the Engagement Quality Control reviewer (EQC review)
    • 6.7 Reporting
    • 6.8 Insightful, open and honest two-way communication with those charged with governance
    • 6.9 Focus on effectiveness of group audits
    • 6.10 Client confidentiality, information security and data
  • 7 Commitment to continuous improvement
    • 7.1 Internal monitoring
    • 7.2 External monitoring
    • 7.3 Client feedback
    • 7.4 Monitoring of complaints
    • 7.5 Interaction with regulators
  • 8 Financial information
  • 9 Partner remuneration
  • 10 Network arrangements
    • 10.1 Legal structure
    • 10.2 Responsibilities and obligations of member firms
    • 10.3 Professional indemnity insurance
    • 10.4 Governance structure
    • 10.5 Area quality & risk management leaders
  • 11 Statement on the effectiveness of quality controls and independence
  • Appendices
    • 1 Leadership roles
    • 2 Public Interest Entities
    • 3 KPMG’s global values
 

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