KPMG in the UK embarked on a journey of transformation during 2013, in pursuit of our strategic goal to dominate professional services. Our Annual Review highlights how we bring real benefits to our clients, our people and society as a whole.
After seven years of turmoil, the banking sector can finally shift focus from cleaning up the debris caused by the financial crisis and start making steps towards delivering sustainable growth and profitability.
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.
Technology has revolutionised the day-to-day lives of individuals and organisations alike. But if we're to continue to benefit and to profit from it, and if we're to minimise the potential downsides, we're going to have make some choices.
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.
Even some non-financial risks can now result in serious financial consequences. As a result, the need for broader and more relevant assurance has never been greater. A robust and independent opinion can enable businesses to know exactly where they stand so they can move forward with knowledge and, hopefully, confidence.
Every KPMG audit is designed to exceed national and international standards. Our experienced audit teams aim to challenge assumptions and provide deep insights based on a thorough understanding of the business and sector.
Going beyond requirements in the UK, we have adopted a bold new policy for our audit reports: we will include findings in our long-form audit reports, where companies engage us to do so before the final audit commences. In implementing this approach, we aim to improve openness and transparency for shareholders and ultimately help restore trust in corporate reporting. Our public statement "Sharing audit insights - our approach to reporting our findings" (PDF 338KB) explains our approach further and why we have adopted it.
In addition, all our audit staff undergo regular training to keep their knowledge up to date. As one of the leading professional auditors we put integrity and insight at the heart of our work. It’s an award-winning approach.
And we’re thinking ahead. We want to create the world leading professional auditors of the future. We provide an opportunity to develop valuable skills, work towards gaining a professional qualification, start your career and earn a good salary too – all after doing your A-levels. If that sounds good to you, explore KPMG’s School and College Leaver Programme.
Corporate reporting has an important role to play in restoring trust in business. Take a look at the articles on these pages and share your views on the issues they discuss to help shape the future of corporate reporting.
Earlier this year we field-tested a bold idea: in three of our new, long-form audit reports, we reported not only ‘the risks’ and ‘our response’ but ‘our findings’. KPMG would like to provide our ‘findings’ in audit reports more widely. In this public statement we explain our approach and why we have adopted it.
(PDF 338 KB)
Audit committees and auditors have been busy with the challenges of the new reporting. Our survey looks at published annual reports within the FTSE 350 and assesses just how well companies and auditors are moving along that path, and where might it lead.
There has been a stepped change in listed company reporting requirements for audit committees and auditors. That's a challenge and it's vital that it's done well. KPMG has surveyed the first batch of reports under the new requirements and finds some good examples.
Public report on the 2012/13 Inspection of KPMG LLP and KPMG Audit Plc issued by the Audit Inspection Unit of the Professional Oversight Board, part of the Financial Reporting Council.
Download the report (PDF 363 KB)
In our survey of business reporting we examine 90 reports from around the world to invite comparison over where reporting stands now, against what it needs to deliver in order to support the efficient functioning of the capital markets.
KPMG’s 2014 Global Audit Committee Survey captures the views of nearly 1,500 audit committee members around the world on a range of issues. These include the top challenges facing companies in 2014 and the audit committee’s increasing workload. We also explore corporate performance, chief financial officer (CFO) and finance organization effectiveness plus the quality of the information directors receive on key company risks.
As the global economy continues to reform its financial system, one crucial element of reconstruction is being ignored. The corporate reporting model in its current form does not meet the needs of investors – and it’s becoming increasingly difficult for the model to meet the requirements of preparers, auditors, regulators and standard-setters. Now is the time to begin a wide-ranging debate about what is wrong with the current model and how to change it.
Read and watch 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.
The KPMG sponsored Audit Committee Institute (ACI), aims to be the first port of call for any audit committee member wishing to implement and/or improve audit committee processes.
The KPMG International Financial Reporting Group, based in London, draws upon the experience of KPMG's member firms to address the challenges posed by International Financial Reporting Standards.
Financial Reporting Update is our bi-monthly newsletter that discusses UK accounting and regulatory issues.
Breaking News UK is our monthly bulletin that alerts you to developments in UK and international financial reporting.
Head of Audit
KPMG in the UK
020 7311 8791
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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.