Ireland

Details

  • Service: Infrastructure, Marketing and Communications, About KPMG, Who We Are
  • Type: Business and industry issue, KPMG information
  • Date: 31/03/2014

KPMG Transparency Report 2013 

Download our transparency report for the year ended 31 December 2013 in which we take the opportunity to share with you the steps we take to uphold our professional obligations and responsibilities, and to explain how we seek to ensure delivery of the highest quality in all our services.

 

View the online version of this document or download at the link below.

KPMG Transparency Report 2013
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Content:

  • Message from our Managing Partner
  • 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
    • 3.2 Association with the right clients
    • 3.3 Clear standards and robust audit tools
  • 4 Independence, integrity, ethics and objectivity
    • 4.1 Overview
    • 4.2 Personal independence
    • 4.3 Independence training and confirmations
    • 4.4 Firm financial independence
    • 4.5 Audit engagement leader rotation
    • 4.6 Non-audit services
    • 4.7 Fee dependency
    • 4.8 Business relationships/suppliers
    • 4.9 Conflicts of interest
    • 4.10 Compliance with laws, regulation and anti-bribery and anti-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 Clear reporting of significant findings
    • 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 privacy
  • 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
    • 7.6 Audit quality committee
  • 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 Profiles of Independent Non-executives of the Public Interest Committee
    • 4 KPMG’s values
 

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