London, September 18, 2014 – KPMG International has captured three prestigious 2014 International Accounting Bulletin (IAB) Awards, presented in London on September 16th, including:
The award for “Audit Innovation of the Year” recognizes KPMG for its ‘Lean in Audit’ approach, which applies the widely used Lean business improvement methodologies to the financial statement audit.
KPMG firms are introducing Lean methodologies into audits across the global member firm network, including in Australia, U.S., Canada, and the Netherlands, and the response from organizations has been overwhelmingly positive.
“We are delighted that the IAB has recognized our Lean in Audit approach,” said Larry Bradley, KPMG Global Head of Audit. “We think it is an example of genuine innovation that strengthens audit quality and thereby benefits organizations and ultimately their stakeholders.”
Citing KPMG’s “strong commitment to running a sustainable business,” the award recognizes the global network’s success in meeting emissions reduction targets as well as for significant investment to support communities across KPMG member firms. IAB highlighted KPMG’s collaboration with Enactus, which spans more than 30 countries, enabling students to make a difference in their communities while developing skills to become responsible business leaders.
“We are extremely proud to be named Sustainable Firm of the Year for a third consecutive year,” said Lord Michael Hastings, KPMG’s Global Head of Corporate Citizenship. “It reinforces our belief that as a global corporate citizen we have a responsibility to our communities, the marketplace, and our people to contribute to a sustainable world.”
For a second consecutive year, KPMG International received the Social Media Networking award. IAB noted KPMG’s significant growth in its social media engagement across channels (www.kpmg.com/socialmedia). It also pointed to the continued growth and enhancement of KPMG’s WEFLIVE service (www.WEFLIVE.com), which for a third year captured in real-time the Twitter conversations from delegates attending the World Economic Forum Annual Meeting in Davos, Switzerland. For 2014, the WEFLIVE service was enhanced with improved filtering, search, and data visualization features.
“As we have greatly increased our visibility and participation in the dialogue on social media, and continued to expand our innovative WEFLIVE service, it is an honor to again receive this recognition from IAB,” said Isabelle Allen, KPMG Global Head of Sales and Markets.