Financial Statement Audit

Financial Statement Audit

KPMG provides independent audit services that help to enhance the reliability and credibility of the financial reporting undertaken by clients.

Financial statements audits play a critical role in maintaining investor confidence.

In the marketplace, credible financial audits reinforce investor confidence. Within organisations, they add to board and management understanding of the business and the risks it faces. 

We believe that independent auditors perform the valuable role of being a trusted intermediary between the providers of business information and the users of that information.

In the wake of the economic crises and scandals of the past few years, independent auditors are on the cusp of a transformative change. 

Stakeholders are demanding more transparency, and we are responding – changing how we operate, being proactive in listening to our stakeholders, and embracing Data & Analytics and new processes that are enabling us to make audit more relevant and continue to raise the bar on quality.

Innovating audit

Innovation is not a concept traditionally associated with audit. But it is at the heart of our strategy in responding to the unprecedented challenges and opportunities we face as auditors. Innovations that lead to enhanced audit quality include:

  • our application of LEAN audit methodologies that don’t just focus on process controls but also on process wastage and inefficiencies 
  • advanced analytical capabilities to help you unlock the power of your data.

Our Audit professionals are committed to the public interest. These experienced professionals seek to challenge assumptions and unlock valuable insights based on a thorough understanding of an organisation’s business and industry, and innovative audit methodologies and approaches.

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Example financial statements for public companies

A possible format for 31 December 2016 and 30 June 2017 reporting.

 
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Key Audit Matters: Auditor’s report snapshot 30 September 2016

Observations of enhanced auditor’s reports published in Australia as at 30 September 2016.

 
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Key contacts

Accounting & Reporting Webinars

Regular updates on the changing world of accounting and financial reporting.

 
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Assurance & Related Services

Independent assurance and verification for disclosures, reporting, processes and controls.

 
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Better business reporting

Providing investors with a longer term perspective on business performance.

 
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Audit Data & Analytics

D&A unlocks the data in your business and delivers insight to help enhance audit quality.

 
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