Dedicated to trust. Committed to quality.
is fundamental to maintaining public trust and is the key measure on which our professional reputation stands.
We define “audit quality” as the outcome when audits are executed consistently, in line with the requirements and intent of applicable professional standards, within a strong system of quality controls.
All of our related activities are undertaken in an environment of the utmost level of objectivity, independence, ethics and integrity.
Lynne Doughtie
U.S. Chairman & CEO
Frank Casal
Vice Chair, Audit
Jackie Daylor
National Managing Partner,
Audit Quality & Professional Practice
Established a plan to invest a further $5 billion globally on digital leadership in professional services over the next 5 years
KPMG Clara, our smart audit platform, is coming online
Further standardized audit documentation
Expanded the use of enabling technologies through new audit tools
Advanced efforts to develop Audit Quality Indicators
Implemented program related to Critical Audit Matters in the auditors' report
Expanded Audit Quality Support Partner program
Increased centralized service delivery through Global Delivery Centers and Centers of Excellence
Implemented culture action items
Refreshed KPMG values worldwide
Introduced Audit Core Competency Framework
Opened KPMG Lakehouse (January 2020), our $450 million investment in transformational learning, development and innovation
Evaluated our Audit training curricula and the elements necessary to support our objectives and execution
Enhanced system of quality control
create greater consistency in the performance of audits and strengthen the monitoring of engagements.
We believe audit quality is best achieved when the power of smart technology is matched with inquiring minds and professional skepticism, and our tools support exactly that.
John Farrell
Chief Innovation Officer,
Audit
KPMG Clara, our global smart audit platform, is our most important technology initiative focused directly on driving audit quality. Designed with data security as a critical building block, it transforms the audit experience for our professionals and helps our clients understand the work we are doing in a timely way.
Matt Bishop
Chief Technology Officer,
Audit
is essential in an organization that carries out audits and other services on which stakeholders and investors rely.
Each of us shares the responsibility to nurture and strengthen our culture.
Our collective commitment requires deliberate and full-time leadership to ensure that culture remains foundational to our strategy and long-term success.
Claudia Saran
Chief Culture Officer
They need the appropriate skills and experience, passion and purpose, to deliver the highest quality in audit.
Our success relies on diversity of thought and skills, technical aptitude, professional skepticism, personal accountability, and the courage to prevent biases or blind spots from compromising our work.
The centerpiece of our commitment to excellence and lifelong learning is KPMG Lakehouse -- our professional learning, development and innovation center that opened in January 2020.
Corey Muñoz
Chief Learning Officer
Inclusion and diversity are foundational to the firm’s values and are part of our strategic priorities. Our commitment to sustainability is part of our culture and who we are as a firm.
Our promise of instilling confidence and public trust is not complete without the
we continue to make in our communities.
Michele Meyer-Shipp
Chief Diversity & Inclusion Officer
Our Audit Quality Report highlights the steps we have taken in 2019 to evolve and enhance our Audit practice and our firm. It provides an overview of how we are strengthening our culture, continuing to invest in our people, and the new technologies that will enable our workforce. All of these efforts are carried out and connected within the framework of our system of quality control – a system that ensures our performance meets the highest professional standards.
