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For the second year in a row, KPMG is the only Big 4 firm in Australia to voluntarily
produce a Transparency Report and Big4.com has looked over the details. KPMG's Transparency
Report: Unlocking Audit Quality outlines processes and inputs that KPMG believes drive a quality
audit, providing insight into how we ensure every audit is a quality audit. The report
also reflects on the role that Boards and Audit Committees can play, through their decisions
and actions, in influencing key factors within their control which enhance audit quality.
Key indicators to assist in the evaluation of the performance of external auditors are
also included in each chapter of the report. KPMG's leadership in this area has been acknowledged
by the profession and noted by Big4.com, with public endorsement of the report by the Institute
of Chartered Accountants in Australia (ICAA), and citation of the Transparency Report as
being instrumental in being awarded the 2011 CFO Dealbook Audit Firm of the Year award.
For the complete article, please go to Big4.com