Summarize :"The opportunity for audit The financial statement audit has long delivered compliance and confidence, and it will continue to do so. But in today's business environment this may not be enough. Advances in technology and an explosion of data have changed the game. Organizations and investors now have access to a breadth and depth of information that would have been unthinkable a decade ago. The most enlightened of companies are making use of that information to give them a competitive edge. While auditors have always relied on their analysis of available data and information to assess the accuracy of the financial statements and aid them in reaching an audit opinion, they by and large use methods like sampling to do so today. We believe they should be equipped to leverage more of the available information to further enhance the quality of the financial statement audit and deliver additional insight and perspective. At KPMG we see audit as an opportunity, not an obligation. We go broader and deeper, beyond statutory requirements, to realize the value of the data that's available. We help organizations take stock of their financial position, learn about their performance, understand where they could be doing better, and prepare for what the future may bring. Our dynamic audit is designed to unlock the value of our audit process. The power of data & analytics Data & Analytics (D&A) is the key to unlocking the rich information that businesses hold