KPMG also performs engagements under an assurance standard for reporting on controls at service organizations (ISAE 3402), whereby a formal report on the design, implementation and operating effectiveness of the controls within a service organization is prepared. Such a service is useful for clients which are service organizations whereby it benefits them by having an audit to prove that their organization has a high quality control environment and their data is properly handled.
Lastly, KPMG also performs engagements under ISAE 3420, Assurance Reports on the Process to Compile Pro Forma Financial Information Included in a Prospectus (ISAE 3420). Such engagements generally entail KPMG to assess whether the applicable criteria used by the respective client in their compilation of the pro forma financial information provide a reasonable basis for presenting the significant effects directly attributable to the event or transaction.
