AI is transforming auditing by automating audit steps, sharpening the precision of data analyses and enabling continuous audit execution. This increases efficiency, makes it possible to focus on higher risks and improves the overall quality of the audit.
Co-piloting vs. auto-piloting: The transformative power of generative AI in auditing
The technology enables data-driven auditing that complements traditional auditing methods and meets the demands of a constantly evolving business world.
We see AI as a valuable technology for increasing quality and efficiency in the audit of annual financial statements and in the audit of sustainability reporting. However, human decisions remain crucial for audit quality.
A distinction is made between auto-piloting and co-piloting, whereby the AI is either predominantly automated (autonomous) or used as a guided digital assistant in close cooperation with the user.
Digital audit with KPMG Clara
On our global smart audit platform KPMG Clara, we combine our many years of experience as auditors and expertise in digitalisation with powerful technology. The result is a globally consistent and at the same time highly individualised audit approach with the aim of offering our clients the highest level of quality, protection and security today and tomorrow.
Our clients also benefit from advanced technologies from our strategic alliances, for example with Microsoft. KPMG Clara utilises the AI technology from our Allianzpartner MindBridge, to enhance the identification of unexpected or high-risk transactions and provide the highest level of audit quality.
KPMG Clara makes the relevant data and information available in one place at all times, creating a high level of transparency throughout the entire audit process.
- Using the KPMG Clara workflow, our employees around the world carry out audits in accordance with the relevant standards.
- KPMG Clara-Group-Audit is used to present the audit of the consolidated financial statements.
- KPMG Clara Client Collaboration is a key element for efficient communication and interaction between clients and engagement teams based on cloud technology.
- The AI-supported technology from KPMG Clara-Analytics bundles our analysis tools, enables intelligent, data-driven auditing and provides valuable insights into business processes.
More Insights on Audit Technology
Your contacts
Christian Sailer
Member of the Managing Board, Head of Audit
KPMG AG Wirtschaftsprüfungsgesellschaft
Henning Lieder
Partner, Audit, Head of Digital Excellence Audit Attestation and Head of Focus-Team IT-Audit
KPMG AG Wirtschaftsprüfungsgesellschaft
Sven-Olaf Leitz
Member of the Managing Board, Head of Financial Services, EMA Head of Financial Services & Banking
KPMG AG Wirtschaftsprüfungsgesellschaft
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