PracticeAccounting FirmsAwards 2007: Audit Team of the Year

Awards 2007: Audit Team of the Year

And the winner of the Audit Team of the Year award is...

AA Awards

Sponsored by cia

Winner: KPMG

Our judges found that KPMG’s entry for Audit Team of the year was a
submission that simply could not be ignored once lined up against the
opposition.

Since October 2003 the team, led by partner Richard Bennison, has created
£28m worth of new fee income, including client wins with the National Audit
Office, Phones 4U, Moorfields NHS Trust, Alliance Boots, Sainsbury Bank and
Courtaulds. In one particular success KPMG was chosen after the client had been
with another Big Four firm for just one year.

Clients say they find the KPMG team fun to work with, find real teamwork
between tax and audit, and that it has a track record in delivering what the
firm promises.

Our judges said: ‘This was a team with excellent growth achievements, clear
signs of innovation and great testimonials from clients. There’s a real sense of
change going on in the team, with some bold initiatives. An entry that could not
be ignored.’

The firm’s performance stands out clearly. It audits more publicly listed
companies in the UK than any other firm. The firm is dominant on AIM with 181
clients.

Around a fifth of the FTSE 100 takes audits from KPMG, while in total the
firm audits 3,630 UK companies.

Last year saw the team launch its Audit Response Team, a special unit
designed to mobilise resources at short notice when an extra effort is needed
for a particular client. This gives team members experience across a broad range
of clients, which has raised the motivation and retention levels within the
audit department.

The firm also has in place its own Audit Committee Institute serving the
needs of audit committee members.

Last year saw the ACI host debates on the future of financial reporting,
seminars on audit and internal audit quality as well as sustainable reporting
and corporate governance developments.

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