Our audit process does more than assess financial information. It enables our professionals to give appropriate consideration to the unique elements of the entity whose financial statements are being audited — its culture, the motivations of management, the industry in which it competes, competitive pressures, and the risks inherent within those elements.

We share our clients’ objectives of credibility and transparency in financial reporting. Each of our professionals is committed to delivering reliable, independent audit reports. Fulfilling this commitment to maintain high audit quality requires vigilance in making sure our audit complies with changing regulations and the professional standards of South African Institute of Chartered Accountants. KPMG, Audit comprises various audit services to meet the needs and demands of our clients. Theses include Financial Statement Audit, Financial Statement Review & Compilation and Internal Control over Financial Reporting (ICOFR).

KPMG Audit Methodology

The KPMG Audit Methodology (KAM) facilitates and enhances audit quality. It meets our global goal of delivering quality, independent, rigorous audits. KAM guiding our professionals in delivery of the audits of our clients’ financial statements. The audit methodology is designed to meet applicable national and international standards.

KAM also emphasises the critical nature of substantive procedures, and effective risk assessment and control testing activities. The methodology uses a multidisciplinary approach with industry experienced and subject matter professionals with the knowledge, skill and experience necessary to perform the engagement.