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New York, April 23, 2025 â€� Today, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø LLP, the US audit, tax and advisory firm, announced the acceleration of its effort to integrate AI into ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Clara, our global smart audit platform. The deployment of AI agents into ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Clara will empower more than 95,000 auditors globally to continue enhancing audit quality and deliver deeper insights to clients while increasing productivity.

"We’re continuing to build out our AI capabilities with increasingly sophisticated agents in ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Clara to enable our auditors to more effectively respond to risks and deliver deeper audit insights," said Scott Flynn, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø US Vice Chair - Audit. "As we accelerate our adoption of this innovative technology and deploy new capabilities, we are maintaining a high level of professional skepticism and upskilling our professionals to drive trust in the capital markets."

The AI agents deployed in this release will support standardizing and automating various aspects of the audit process and include substantive procedures such as expense vouching, search for unrecorded liabilities and accrued expenses.

These upgrades also coincide with the release of a Financial Report Analyzer (FRA) AI engine, which provides AI-generated output to enable auditors in completing required disclosure checklists and mark the next phase of our accelerated effort to deliver an AI-enabled, people-powered audit experience.

Additional AI agents will be deployed over the next 12 months and integrated into controls testing procedures, financial statement analysis and more.

The AI agents deployed in this release will:

• Automate routine tasks: AI agents can handle repetitive and time-consuming tasks, such as data analysis and document review.
• Support decision-making: AI agents provide auditors with insights and recommendations based on data analysis, helping them make informed decisions and improve audit quality.
• Help auditors focus on high-risk areas: With AI handling routine tasks, auditors can dedicate more time to high-risk areas and sector-specific challenges, ensuring that audits are more comprehensive and targeted.

AI and our audit quality imperative

We are committed to always enhancing audit quality. Our approach focuses on embedding AI to handle data-intensive tasks, while reinforcing that our auditors are in control of the decision-making process to maintain quality, accuracy and professional skepticism.

"AI and GenAI are transforming the financial reporting landscape and at the same time creating once-in-a-generation opportunities to change how we deliver quality audits," added Thomas Mackenzie, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø US and Global Audit Chief Technology Officer.  "It is critical that we leverage the AI capabilities we are deploying not only to enhance audit quality but to help us better understand the risks created with companies embedding AI into their reporting processes."

AI and private companies � quality, efficiency and insights

Private company founders and investors are increasingly looking for an AI-enabled audit that drives deeper insights and helps auditors identify and evaluate risks in real-time. Today, 81% of private companies report that they are piloting or using AI in accounting, with similar numbers reporting use in financial planning.

Our distinct ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Private approach focuses on technology-enabled audit execution and bringing our industry and technical expertise to private companies, their founders and investors at every stage of the business.

Our firmwide commitment to enhancing delivery with AI

Across US companies, the use of AI in the finance function has reached its highest levels yet, with 62% using AI to a moderate or large degree, 58% piloting or deploying generative AI (GenAI) and 52% using AI specifically in financial reporting. Approximately half (45%) report progress leveraging AI for tax and operations.

For tax, the ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Digital Gateway platform offers a comprehensive, single-access point for the complete suite of tax and legal technologies, enhanced with cutting-edge generative AI capabilities. This innovative platform uniquely combines our professional knowledge and experience with advanced technological solutions, delivering a market-leading solution that addresses clients' most complex challenges.

These platforms and the deployment of new technologies are part of ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø’s ongoing effort to deliver quality and a better experience through our Trusted AI framework, which underpins everything we do.

Today’s announcement builds on: 

• In July 2024, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø announced the integration of GenAI directly into ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Clara for 90,000 auditors around the globe. The embedded AI capabilities interact directly with audit engagement documentation and our audit methodology and help teams refine risk assessments, develop substantive testing procedures, enhance audit documentation and more.
• In June 2024, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø announced the integration of the Databricks Data Intelligence Platform into ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Clara, enabling our Audit professionals to analyze billions of financial transactions across thousands of audits, driving deeper insights into audit-related risks and further enhancing audit quality.
• In May 2024, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø announced upgrades to ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Audit Chat. These capabilities are now built into ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Clara as part of our long-term vision to deliver an AI-enabled audit. Launched in October 2023, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø partners and professionals engaged in more than 2.19 million Audit Chat conversations to more effectively search databases, extract and summarize data from contracts, analyze documents and aid with research on complex accounting and auditing topics.
• In April 2024, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø began deploying Copilot for Microsoft 365 to Audit partners and professionals.ÌýEngagement teams are already leveraging Copilot, along with Audit Chat, to transform the walkthrough experience by generating process narratives and flowcharts based on meetings with clients.

To learn more about ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø and our Trusted AI capabilities, visit www.kpmg.comÌý´Ç°ùÌýkpmg.com/trusted-ai.

About ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø LLP

ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø LLP is the U.S. firm of the ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø global organization of independent professional services firms providing audit, tax and advisory services. The ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø global organization operates in 143 countries and territories and has more than 273,000 people working in member firms around the world. Each ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø firm is a legally distinct and separate entity and describes itself as such. ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø International Limited is a private English company limited by guarantee. ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø International Limited and its related entities do not provide services to clients.Ìý

ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity and eradicating childhood illiteracy. Learn more at .Ìý