Financial statement audits play a critical role in creating and maintaining investor confidence and can unlock valuable insights into the business.
Financial statements audits play a critical role in maintaining investor confidence.
We – KPMG member firm audit professionals – 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, we believe 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.
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. Core to our mission is acknowledging the responsibility we have as auditors to society and the capital markets. Innovations that lead to enhanced audit quality, like our application of LEAN methodologies to the audit, are important to the organizations we serve.
High quality, independent financial statement audits are essential to maintaining investor confidence. KPMG Audit professionals across KPMG member firms are committed to the public interest. These experienced professionals seek to challenge assumptions and unlock valuable insights based on a thorough understanding of an organization’s business and industry, and innovative audit methodologies and approaches.
Independent financial statement audits enhance the reliability of the information provided by companies to investors, creditors and other stakeholders in accordance with statutory requirements. A KPMG Audit provides both independent assurance and insight that goes beyond the audit opinion.
Our risk-oriented audit approach is based on a comprehensive understanding of the business activities of our clients, of the resultant business risks, and their implications for the annual financial statements and the management report. This approach includes an assessment of the internal controlling system. We provide the management and supervisory body of the company with an extensive report on the findings of our audit.
How we can help?
KPMG provides high-quality independent audit services including audit of financial statements prepared in accordance with international financial reporting standards, Ukrainian National Accounting Standards and other countries accounting standards (US GAAP etc.). We can also address any specific regulatory requirements such as compliance with the Sarbanes-Oxley Act for SEC registrants.
KPMG has also established an Audit Committee Institute to help board audit committees and their members keep up with governance, auditing, accounting and financial reporting issues.