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$100 million investment in Data & Analytics

10 years 4 months ago - 10 years 4 months ago #75 by rico
$100 million investment in Data & Analytics was created by rico

KPMG states: “With funding from KPMG member firms, we are using our unique structure to seize the best Data & Analytics opportunities so KPMG firms can respond to clients’ needs faster. Newly incorporated investment vehicle KPMG Capital has $100 million available for participations and takeovers

This is a trend and makes all sense. Manpower reduction via automation makes sense and auditors still work with considerable amount of workforce for reviewing processes and controls which could be done probably for most part in an automated fashion.


Change management: what is the impact of investment of powerhouses like Big4 in this area and the use of such tools in their daily profession on:
  1. External Audit
  2. Internal Audit
  3. Tax
  4. Indirect Tax

The change of approach of external audit will impact the other work streams. Do you agree?
Richard Cornelisse

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