KPMG UK has teamed up with MindBridge to introduce AI technology to its auditing process. This collaboration allows KPMG UK to automate part of its auditing function and offer increased levels of AI in their smart audit platform KPMG Clara. By embedding MindBridge’s advanced statistical, machine learning, and rules-based analytics technology, KPMG firms’ digital audit can analyze transactions on a more detailed level to improve transparency, visibility and risk identification. MindBridge has gained attention for its AI industry expertise, being recognized as a Technology Pioneer by the World Economic Forum in 2020, and Forbes Top 50 AI Firms to Watch in 2021. The goal of this alliance is to promote the use of AI in a safe and responsible manner and to enhance public trust, resulting in improved audit quality and value to clients.
KPMG is one of the world’s leading professional services networks, providing audit, tax, and advisory services to clients in various industries. The organization’s goal is to inspire confidence and empower change in their clients and employees by adopting innovative techniques and leveraging technology to provide cost-effective, efficient, and high-quality services.
Matt Campbell is the Audit Chief Technology Officer at KPMG UK. With over 17 years of experience, he is responsible for driving the digital transformation of the audit process, including developing KPMG Clara, the smart audit platform powered by Microsoft Azure. By incorporating MindBridge’s AI expertise into KPMG Clara, Campbell aims to lead the modernization of the audit industry while training and upskilling the next generation of auditors in innovation, data analytics, and AI technology.
