Audit
An independent audit is the foundation for decision-making in the capital markets. However, recent events mean that audits cannot be perceived as being routine, annual exercises merely required by statute. Stakeholders require responsible judgements from independent auditors, who will provide challenge to management.
A professional knowledge of principles and business, as well as of the appropriate systems, processes and controls are also critical requirements. Moreover, auditors’ judgements must be rooted in an in-depth understanding of each client’s industry value drivers, competitive positioning and marketplace practice.
An independent audit is the foundation for decision-making in the capital markets. However, recent events mean that audits cannot be perceived as being routine, annual exercises merely required by statute. Stakeholders require responsible judgements from independent auditors, who will provide challenge to management.
A professional knowledge of principles and business, as well as of the appropriate systems, processes and controls are also critical requirements. Moreover, auditors’ judgements must be rooted in an in-depth understanding of each client’s industry value drivers, competitive positioning and marketplace practice.
Audit & Financial Reporting
FINANCIAL INTEGRITY IN A CHANGING WORLD
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 helping 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.
For many companies, the International Financial Reporting Standards (IFRS) revolution will have a significant impact on financial statements, directly affecting the outcomes of valuation metrics that analysts use to measure and evaluate company performance. To help businesses meet these challenges, KPMG has developed a global methodology which presents a structured approach to the change.
Is this relevant to you?
IFRS is more than just a technical accounting exercise, it is an important business priority. For many the IFRS revolution will have a significant impact on the financial statements, directly affecting the outcomes of valuation metrics that analysts use to measure and evaluate company performance. Major areas affected will be, financial instruments, business combinations, share based payments and pensions. Ultimately early adoption and communications may assist competitive advantage.
For further information, please contact:
Karen Watts
Partner
kpwatts@kpmg.com
Aref Judeh
Partner
arefjudeh@kpmg.com
Yasser Atiyyeh
Director
yasseratiyyeh@kpmg.com
FINANCIAL INTEGRITY IN A CHANGING WORLD
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 helping 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.
For many companies, the International Financial Reporting Standards (IFRS) revolution will have a significant impact on financial statements, directly affecting the outcomes of valuation metrics that analysts use to measure and evaluate company performance. To help businesses meet these challenges, KPMG has developed a global methodology which presents a structured approach to the change.
Is this relevant to you?
- Do you feel that your business is accurately represented to the capital markets?
- Are your stakeholders gaining the assurance they are looking for from the audit?
- Are you receiving the added value you expect from your audit?
- Are you looking for independent challenge from your auditors?
- Do you have access to the latest audit tools and technologies?
IFRS is more than just a technical accounting exercise, it is an important business priority. For many the IFRS revolution will have a significant impact on the financial statements, directly affecting the outcomes of valuation metrics that analysts use to measure and evaluate company performance. Major areas affected will be, financial instruments, business combinations, share based payments and pensions. Ultimately early adoption and communications may assist competitive advantage.
For further information, please contact:
Karen Watts
Partner
kpwatts@kpmg.com
Aref Judeh
Partner
arefjudeh@kpmg.com
Yasser Atiyyeh
Director
yasseratiyyeh@kpmg.com