The financial statement audit is the cornerstone of Audit services. Our audit methodology is a fully risk-based methodology for financial statement audits. Our proprietary software tools and knowledge-based applications bring the power of knowledge to our audits. Our professionals are equipped with comprehensive information on industry trends and the business issues that increase risk to our clients.
KPMG’s audit focuses on business issues and the matters that can impact on the financial statements, whilst also retaining the basic audit procedures that test the information contained in the financial statements. Our approach is grounded in the market dynamics of our clients helps ensure that our judgements are both relevant and insightful.
We determine the quality of our audit opinion through a powerful combination of professional integrity, independence and ethical behaviour, underpinned by rigorous quality control procedures. This approach is supported by some of the leading processes, technologies and tools that assist our teams to access knowledge, focus on the issues that impact on our audit judgements and improve the efficiency of the audit. The overall result is an independent and incisive view attesting the quality of the information provided.
Financial Statement Audit is based on KPMG's audit methodology. This transforms the audit process from a traditional compliance driven function to a risk and systems based approach by creating a framework for auditors to assess how a client's business risks are managed and how they can impact financial statements.
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