This year, we continued on our three year journey of transformation to become the clear choice. We stimulated growth in our business, turned the spotlight back up on our Values and reflected on and communicated our Purpose
Tech Monitor UK is a joint report released by KPMG and Markit which looks at the health of the UK technology sector.
Explore why technology firms should choose to invest in the UK. We consider what the UK currently has in its favour as it battles for technology investment.
KPMG has recently published the 2014 Guide to Directors’ Remuneration, a survey which analyses trends in FTSE 350 directors’ pay.
We help our clients understand current issues and future trends in the world of work, and identify how they can enhance organisational performance through their people.
Explore the opportunities available for school and college leavers at KPMG.
Find out about careers for graduates from all degree disciplines in Audit, Tax, Advisory, Technology, Marketing and HR.
Keep up to date with the latest news and views from KPMG in the UK by following our twitter feed.
KPMG’s leadership blogs brings you insight, opinion and debate from our senior partners and industry experts.
Jimmy Daboo, Partner, KPMG in the UK starts talking:
“So I feel I should really start by congratulating the FRC on taking a global leadership position on new audit reporting.
But the FRC actually threw out a challenge implicitly to all of us audit firms and that was how can you move this forward yourselves? Could you take it to the next step? What could we do differently to really enhance the value we are giving to shareholders through audit reporting?
That’s why we’ve run this trial on a number of companies in the UK. Shareholders have told us that they believe they can get more value from audit reports. The FRC has taken the first step by asking us to report to them the key risks that we’ve been worried about on audits, and what steps we took to deal with those risks.
It seemed to me though that it would be natural to take that to the next step and actually tell shareholders what we found when we looked at those areas and that’s what we’ve done on these three companies. The key challenge here was we were going to unchartered fields, uncharted for us, unchartered for the boards of directors of the companies we were dealing with, and unchartered for the management teams.
We all had the same objective and that was to work out what was the best new information we could give to shareholders, and we had to work together really co-operatively to achieve that.
I think we’re on a long road forward in terms of looking at new audit reporting.
What did I hope to achieve by trying this new technique out? Well I think one thing only, and that is starting a dialogue with the investor community as to what it is they would find most helpful, so that we as an audit profession can move forward on their agenda”.
KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.
KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.