Financial statement audits give assurance over information used by investors and the capital markets.
Independent, quality financial statement audits.
Financial statement audits give assurance over information used by investors and the capital markets – a responsibility to the public interest KPMG Audit professionals take very seriously, applying powerful D&A routines to create better audit evidence and gain deeper insights, and exploring the role auditors can and should play by engaging stakeholders to better understand their views through KPMG’s ‘Value of Audit’ forum. KPMG professionals – innovating to better serve the capital markets and society as a whole.
Financial Statement Audit
Independent financial statement audits enhance the reliability of the information provided by organizations to investors, creditors and other stakeholders in accordance with statutory requirements.
Many organizations are obliged to obtain independent verification of financial and other information reported to regulators. Others voluntarily seek independent verification to avoid factual errors and the risk of non-compliance. Regulatory audits include but are not limited to financial statements audits. A major role of the auditor is to assist regulators with the prudential supervision exercised by the regulatory bodies. Additional involvement may also be requested to answer specific needs.
In addition to the traditional financial statement audit most organizations experience additional needs for independent, objective assurance on financial information, transactions and processes. Independent assurance and verification adds credibility to an organization's disclosures and reporting, particularly when it is not a statutory requirement.