What advantage does KPMG Accounting Intelligence offer over an in-house AI solution for each IFRS standard?

At its core, this is a ‘make-or-buy’ decision. Developing a solution in-house entails responsibility for model selection, technical quality assurance, ongoing standard updates, compliance requirements, and the risk of technically unsound results. With us, you receive validated results: you provide us with the underlying contracts and facts – we deliver quality-assured accounting implications and accounting memos. This is underpinned by: In-depth specialist expertise drawn from KPMG’s audit and accounting advisory know-how Methodologically consistent accounting logic, underpinned not only by theory but also by practical knowledge AI-supported analysis of contracts and facts for each IFRS standard Structured accounting implications Audit-ready accounting memo → You entrust your key IFRS matters to KPMG – and focus your resources on the management and valuation perspective.

How can I make use of KPMG Accounting Intelligence?

Under the managed service model, KPMG handles your IFRS matters at a transparent fixed price: Individual mandate: Handling of a specific matter (for example, the IFRS 16 conversion of a contract portfolio) at a fixed price depending on the complexity and volume of the relevant contracts. Ongoing support: For recurring requirements (e.g. a continuous stream of new contracts), we undertake the analysis under a monthly fixed-price model.

KPMG Accounting Intelligence

Artificial intelligence will fundamentally transform the way accounting issues are handled. For businesses, the priority is to harness the efficiency potential of AI without compromising on quality, governance and professional reliability.

KPMG Accounting Intelligence creates precisely this connection. Our solution uses AI to analyse complex IFRS issues and combines the results with the professional quality assurance provided by our experts. This results in transparent assessments, consistent accounting implications and audit-ready accounting memos in a fraction of the time previously required. Transparency, quality and security are guaranteed throughout.

Interested in our services?

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IFRS assessment to KPMG standards – methodologically consistent, audit-proof documentation

Shorter reporting cycles are coming up against limited IFRS policy capacity in many accounting and finance functions. More demanding standards and higher expectations regarding the quality of documentation vis-à-vis statutory audits and regulatory bodies further increase the workload.

Rather than having to maintain your own in-house IFRS expertise, you can refer complex matters directly to us. We analyse the underlying contracts, identify the initial situation, prepare the accounting assessment and document the accounting implications in an audit-ready accounting memo.

KPMG Accounting Intelligence is the AI-powered application we use to carry out these analyses for numerous complex IFRS standards.

The benefits for client work

Speed: Results within a few days rather than weeks
Methodological consistency: uniform accounting treatment across all issues and standards
Resource independence: no bottlenecks due to capacity constraints or seasonal peaks
Scalability: from individual contracts to group-wide portfolios

Every result undergoes technical validation by experienced IFRS experts from Accounting Advisory Services. The final technical assessment remains the responsibility of human experts.

KPMG Accounting Intelligence combines the power of AI with KPMG’s IFRS expertise. This gives CFOs and finance teams the assurance of an outsourced IFRS policy function – faster, more scalable and meeting the highest quality standards.

The challenges we address for you

Accounting and finance functions require additional support, particularly when technical complexity, tight deadlines and limited specialist capacity converge:

Complexity arising from shorter reporting cycles: The number and complexity of IFRS-relevant issues are increasing, whilst the deadlines for financial statement preparation and audit remain unchanged. We significantly reduce the time spent on analysis and create scope for in-depth examination of key issues.
International contractual landscapes: Contracts in multiple languages and spanning different jurisdictions are systematically recorded and assessed using a consistent methodology.
Concentration of specialist knowledge among a small number of individuals: In many companies, fundamental IFRS expertise is tied to a few key individuals. We make our specialist expertise in the fields of audit and advisory available as a service.
Quality of documentation for the statutory audit: You receive structured accounting memos and accounting implications in a format that can be used directly for your reporting and by your statutory auditor.
Consistency of methodology across standards: Leases (IFRS 16), financial instruments (IFRS 9) and revenue recognition under IFRS 15 are analysed using a uniform accounting framework. The reasoning and documentation also follow a consistent structure.

Our approach throughout the analysis process

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Capture and structuring

Contracts, data and supporting documents are automatically captured, standardised and prepared for the IFRS analysis. This includes international documents in various languages.

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Analysis and financial assessment

KPMG Accounting Intelligence’s IFRS agents identify the relevant contract information, assign it to the applicable standard and prepare a structured financial assessmentassessment, including proposed accounting implications.

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Validation and documentation

Our IFRS specialists from Accounting Advisory Services review the output from a technical perspective in accordance with the “validate first” principle. You will receive an audit-ready accounting memo and specific accounting implications – ready for immediate use in your reporting, planning and audit.

Added value for your teams

Shorter decision-making processes
KPMG quality based on the “Validate first” principle
Resource independence without bottlenecks in processing

Consistent, audit-ready output
Budget certainty through a fixed price
Secure KPMG environment – including for your data

Arrange an initial consultation and entrust your IFRS matters to us.

Submit RFP now

One platform. Many standards.

KPMG Accounting Intelligence is continuously expanded to include further IFRS standards and integrates the latest AI technology. This ensures our methodology remains consistently up to date. We take care of technological development, model maintenance and the incorporation of new standards.

From medium-sized companies preparing IFRS financial statements to capital market-oriented groups: the application scales to meet your needs.

Frequently Asked Questions (FAQ)

At its core, this is a ‘make-or-buy’ decision. Developing a solution in-house entails responsibility for model selection, technical quality assurance, ongoing standard updates, compliance requirements, and the risk of technically unsound results.

With us, you receive validated results: you provide us with the underlying contracts and facts – we deliver quality-assured accounting implications and accounting memos. This is underpinned by:

In-depth specialist expertise drawn from KPMG’s audit and accounting advisory know-how
Methodologically consistent accounting logic, underpinned not only by theory but also by practical knowledge
AI-supported analysis of contracts and facts for each IFRS standard
Structured accounting implications
Audit-ready accounting memo

→ You entrust your key IFRS matters to KPMG – and focus your resources on the management and valuation perspective.

Your sensitive contractual and financial data is processed exclusively in a secure KPMG cloud environment designed for confidential client information. All processes comply with the applicable AI compliance requirements as well as KPMG’s internal security standards.

The IFRS Agents are based on Large Language Models (LLM) from OpenAI in a secure Azure Country Hosting environment, supplemented by specialised agent logic. The modular architecture allows for the flexible integration of further technologies.

Under the managed service model, KPMG handles your IFRS matters at a transparent fixed price:

Individual mandate: Handling of a specific matter (for example, the IFRS 16 conversion of a contract portfolio) at a fixed price depending on the complexity and volume of the relevant contracts.
Ongoing support: For recurring requirements (e.g. a continuous stream of new contracts), we undertake the analysis under a monthly fixed-price model.

Our guiding principle is “Validate first”: All generated analyses, journal entries and memos undergo a technical review by experienced IFRS specialists. Interpretations, factual contexts and financial implications are examined. Only after a successful validation check is the output considered reliable.

Unchecked AI results are not delivered; KPMG’s quality standards are upheld. Human involvement is maintained throughout the entire process.