Financial Statement Audit 

KPMG provides financial statement audit services which includes statutory and non-statutory audits that will help to enhance the consistency and integrity of financial reporting undertaken by client organisations.

 

Our audit is based on the KPMG Audit Methodology, comprising four key phases where a client’s business drivers and risks are understood, our audit approach planned, and controls are evaluated. It focuses the audit on the risks that might have material impact on the financial statements and is designed to meet national and international standards. All our professionals throughout our member firms around the world are guided by the same approach to methodology, processes and documentation and all audit staff undergo frequent and regular training to help ensure their knowledge is as current as possible.

Our audit methodology:

 

  • Meets applicable national and international standards
  • Emphasises the importance of substantive procedures and effective risk assessment and control testing activities
  • Utilises a multidisciplinary approach with industry-experienced teams with the knowledge, skills, and experience to perform the engagement
  • Provides a basis for a consistent audit approach where KPMG member firms do business and helps to reinforce continuity and coordination in different locations around the globe

 

eAudIT is KPMG’s electronic audit tool which helps our teams manage the activities and documentation requirements related to the audit.  eAudIT better enables our teams around the world to apply KPMG’s methodology, provides real-time guidance throughout the audit, and includes industry-specific knowledge, all of which enhance our ability to provide a quality audit.