Attestation Services 

KPMG’s Audit professionals provide attestation services that are designed to help our clients address specific issues which include non-financial assurance services.

 

KPMG's non-financial assurance services help organisations learn how to define, capture, and report on non-financial indicators. This helps them find new ways to safeguard their reputations, build trust among their stakeholders, and, ultimately, improve their corporate performance.

These include:

  • Completion audits

     

    Provides assurance around specific financial measures of an entity being bought or sold.

  • Report on internal controls including SAS 70 and AAF

         

        A SAS 70 focuses on providing assurance on financial statement controls. Key controls included relate to the initiation and recording of transactions and valuation and reconciliation controls at each reporting date. Wider operational matters are not covered and business continuity is explicitly excluded from the scope.

         

        AAF is commonly used in the investment management industry. Attestation by management is required which should be supported by management testing. The management and auditors’ attestation covers the design, fairness of description and operating effectiveness of controls. Unlike the SAS 70 which focuses on financial statement controls, the AAF covers a wide range of financial and operational controls, including anti-money laundering, non-financial statement authorisation controls, client set up, business continuity and IT.

         

        • Agreed upon procedures (AUP)

           

          The scope of this work is explicitly agreed with the client and the resulting report is based on exceptions identified.  No opinions are provided on the fairness of description, design and operating effectiveness of controls. Under AUP, specific controls can be brought into scope through identifying the procedures required on the selected controls.

        • Review report

           

          Expresses a limited assurance opinion on financial information.

        • Audit of prospective financial information

           

          Companies may sometimes prepare prospective financial information in a context where there is a regulatory requirement for the prospective financial information to be reported on by an independent, external firm. Examples include prospective financial information presented in prospectuses in certain jurisdictions. Where appropriate, KPMG can provide relevant reports on the prospective financial information in accordance with applicable reporting requirements. Services are conducted in accordance with International Standards on Audit Engagements or applicable national standards.