The audit of today, tomorrow & the future

As part of KPMG's technology leadership, our audit practice has developed technologies and alliances to continuously enhance our capabilities and deliver an exceptional audit experience.

Technology empowers us with the ability to perform deep analysis over your financial information, focusing our effort and interactions on the areas of greatest risk and minimizing disruption to your business.

KPMG Clara

Analytics

Harness the power of digital analytics for deeper insights and increased quality

D&A Ledger Analysis

Increasing automation in routine areas

Advanced Capabilities

Broader, deeper views of your data, and richer, more informed perspectives on risks

Connectivity

Consistent results, early issue identification

People

Strong business acumen & advanced technology skills

Risk Assessment

Enhanced focus on the risks within the business

 
 Technology we use today
Tool   Benefit to audit
KPMG Clara Client Collaboration   KCCC is our secure audit platform and a one-stop shop through which we plan, execute and manage the audit, providing you with real-time access to the process at every step, including exchange of information and access to the real-time reporting you need in one central location.
KPMG Clara Advanced Capabilities   KPMG Clara Advanced Capabilities leverage our data and analytics capabilities, enabling us to analyze 100% of your general ledger data in the planning and account analysis stage and adjust our planned audit approach accordingly to target the areas of greatest risk. It allows us to use automation in performing our audit procedures over accounts such as (teams to edit for client-specific D&A routines; i.e., revenue and receivables, salaries, purchases and payables) and journal entries.
Data & Analytics Routines   Journal entry testing:
  • Utilizing KPMG application software (IDEA) to evaluate the completeness of the journal entry population through a roll-forward of all accounts.
  • Utilizing computer-assisted audit techniques (CAATs) to analyze journal entries and apply certain criteria to identify potential high-risk journal entries for further testing.