Audit Technology

We will further develop the final examination for you to ensure it is tailored to your level of digitalisation. The targeted use of modern technology, data-driven analytics and AI-supported processes serves primarily to further improve audit quality anda risk-based audit approach that focuses on the risks that are truly relevant to your business model. This provides early clarity and insights that help you manage your business and make well-informed decisions. Excellence is achieved through a collaborative process characterised by efficient workflows, clear priorities and a standard of audit quality that you can tangibly experience. 

We support you in utilising new technologies in a way that adds value whilst remaining responsible. Reliable data management, clearly defined governance structures and transparent decision-making form the basis for this. We combine our audit experience with the responsible use of AI so that you can modernise processes, reduce complexity and unlock potential. In this way, technology becomes an enabler for your business and a key component of a financial statement audit that builds trust and supports you on your journey ahead.

The use of AI makes audits more reliable and of a higher quality: Instead of relying primarily on random sampling, large volumes of data can be analysed and high-risk transactions examined in a targeted manner. Data-driven analyses enable us to look beyond individual companies. Risks and anomalies can thus be consistently identified and tracked across the entire group. 

With KPMG Clara intelligence (KCi), we are consistently further developing this approach. AI, data, workflows, collaboration and our audit methodology are brought together in an interconnected, digital audit environment. 

KCi is directly embedded in the audit process and supports auditors throughout the entire process in contextualising findings more quickly and translating them into specific audit proceduresü. This leaves more time for risk management, professional judgement and the matters that are particularly relevant to your organisation.

Qualitative audit evidence and written components of the annual financial statements can also be analysed using AI, enabling audit-relevant information to be identified in a more targeted manner. The technology provides support; it does not make decisions: professional judgement, the audit opinion and responsibility remain with the auditors.

For you, this means:

 
KCi is also designed to integrate technological advancements into the audit environment and make them available across the global KPMG network. This enables the audit to evolve continuously with new technological capabilities, embedded within governance and professional standards.