Value of Audit 

“For all large public companies, the audit report is now not just a binary pass/fail report, but one that includes a specific commentary by the auditor highlighting areas of heightened risk of material misstatement, and how the audit effort addressed those risks. This is but one step in an evolution which demonstrates that the profession is more than capable of delivering a narrative-based audit report that demonstrates the value in audit.”


Conall O’Halloran, Head of Audit, KPMG in Ireland

Read candid and sometimes surprising views of KPMG's audit leaders on the value of an audit – its strengths, weaknesses, and the changes that must take place to meet the needs of the Capital Markets.

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How can we restore trust in the audit report? What one change would you make to the audit world or model? What misperception of audit would you clear up?

Audit contacts

Conall O Halloran, Head of Audit

Conall O'Halloran

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Partner & Head of Audit

+353 1 410 2058

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Governance obligations are growing in importance and complexity. Senior business leaders need accounting strategies that are both compliant and pragmatic. We deliver strong communication and a constructive and challenging audit approach to public and private clients in every sphere of Irish business.

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