Graduate Programmes: What is Audit?
Audit focuses on finding definitive answers to some big questions. As experts in the field, we could be asked:
- Does a business own its fixed assets? How much is its stock really worth?
- Does a company's record of its cash balance agree with the records of the bank?
- What are the values of a company’s investments?
- How effective are the company's financial controls?
- Does the company satisfy regulatory requirements?
The fundamental role of an auditor is defined as “reporting on whether the annual accounts show ‘a true and fair view’ of the company’s financial activity and position to its shareholders”. That’s what makes audit so challenging.
It’s possible for company employees to interpret accounting policies and present financial information so that their business is shown in the best light. That’s where audit comes in. Our job is to help ensure that the right accounting processes are applied and any irregularities in financial reporting are identified. As the industries and economic environments that our clients work are constantly evolving, we need to stay one step ahead of any changes if we’re to understand the implications on their business.
It’s a complex area, with three Graduate Programmes available:
- Audit
- Public Sector Audit
- Audit Mandarin
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Join our Smart NetworkOur audit programmes include
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Business Audit
The largest of our UK practices, Audit develops a deep understanding of organisations and helps to assure stakeholders that the published annual accounts are a ‘true and fair’ reflection of their financial performance.
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Public Sector Audit
KPMG’s Public Sector Audit team support high profile areas of the Public Sector, such as health, central government, local government, education and other publicly funded non-for-profit organisations.
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Audit Mandarin
As a graduate, you’ll gain a breadth of expertise and experience in Audit. A strong start to a successful career in business, Audit can equip you with valuable technical skills, broad commercial understanding and in-depth knowledge of different industry...
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