The high quality of communication is a particular feature of KPMG's audit process. Underpinning our audit approach is a commitment to reliability, with early advice on potential problems. The amount of quality time we spend on site and the frequent and interactive exchange of views builds a stronger working relationship, as well as bringing fresh perspectives and the early identification of emerging issues.
KPMG’s lead partners have strong technical skills, as well as extensive experience and authority to make accounting decisions which commit the firm. This empowerment of our partners, the collegiate nature of the firm and regular consultation with our clients means that our response to accounting issues that arise during the audit is prompt, decisive and consistent.
Another strength of our audit approach is the use of technology to enable and streamline audit testing. In the area of management and communication of the audit, KClient is a secure web based tool. Designed to provide the benefit of global consistency through the application of standardised audit programmes, fast and straightforward communication and a single source of reference for all group audit reporting and other related material. ARO, KPMG's Accounting Research On-Line is a broad library of accounting, auditing and financial reporting.
Quality, Integrity and Independence
KPMG has its own quality procedures in place to which all member firms adhere, as well as being subject to external review.
We take rigorous steps to prevent conflicts of interest. Sentinel, unique to KPMG, is a sophisticated and automated independent tracking system, helping engagement teams review, approve and verify KPMG's service relationships with business entities worldwide. The system is mandatory for the client service teams of all listed clients and is fully compliant with Sarbanes Oxley.