Audit 

 

An independent audit of financial statements is one of the foundations for effective operation of capital markets. Audit quality is vital for maintaining trust in the financial reporting process and integrity of financial information.

 

Our audit team is equipped with a high level of technical skills and empowered with professional conduct which provides the foundation to a good audit.

 

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In addition, we believe:

 

·        Audit methodologies must focus on fundamentals and guide good audit judgment.

·        Technology can provide for effective information gathering, allow for critical data comparisons, and enhance contextual analysis.

·        Compliance tools help the auditor meet professional and regulatory requirements.

·        In a culture that encourages sound judgment, independence and objectivity.

·        A proprietary audit methodology and follow

·        e-audit (paperless audit) as a tool.

 

Our audit approach is risk based, subject to continuous enhancement and assists us in delivering a service that addresses the client’s strategic priorities and business processes.

 

A multidisciplinary approach means audit engagement teams include, where appropriate, experienced professionals in such areas as forensics, tax, information risk management and valuation, providing them with a broad understanding of an organization, and enabling teams to focus on key areas of risk, adequacy of internal controls, and potential fraud.

 

Using KPMG’s training platform, KPMG member firm professionals have access to industry training, technical skill building, and instruction in KPMG’s audit methodology.

 

Our practice features a highly focused cadre of professionals who possess hands-on experience within the industry, as well as strong technical experience that leverages this knowledge.

 

Accounting Advisory Services

Companies operate in an increasingly complex and fast changing financial reporting environment and at the same time they are subject to increasing levels of scrutiny. Most businesses also have significant cost reduction programs - and the resulting impact on headcount and the volume of change initiatives puts pressure on the remaining internal resource. This is where we can help.

 

Our accounting advisory services include specific accounting opinions, reviews of accounting policy manuals and staff secondments, amongst other services.

Attestation Services

KPMG Audit professionals provide attestation services that are designed to help our clients address specific issues. These include prospective reporting and other forms of attestation.

 

Prospective reporting

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. Services are conducted in accordance with International Standards on Related Assurance Services (ISAE’s).

 

Other forms of attestation

KPMG are often called upon to assist clients to issue reports on examinations, reviews or agreed-upon procedures. These services cover many needs for attestation that are outside the financial statement audit requirements. They respond to business needs of clients to obtain independent assurance on the reliability or validity of information related to a product, service or activity that is the responsibility of the client. KPMG professionals will usually conduct these services in accordance with the International Standards on Related Services (ISREs).

 

 

Omar Mahmood

Partner, Audit