Purpose
This integrated report is intended to provide an overview of KPMG N.V.’s business, strategy, and performance. It explains how KPMG N.V., as an employer, business, and supplier of professional services, creates value for its stakeholders over time. This report has been written for all KPMG N.V. stakeholders, including our clients and business partners, our employees and the firm’s partners, policymakers, and regulators. Our previous integrated report was published in June 2024.
Scope
This report covers the activities of KPMG N.V. and its subsidiaries during KPMG N.V.’s 2023/2024 financial year, which ran from October 1, 2023 to September 30, 2024. KPMG Meijburg & Co is a separate KPMG member firm and is therefore not included in the scope of this report.
Content
The contents of this report are based on internal reporting, with external sources indicated clearly in the text. Content has been selected for inclusion on the basis that it is either material (i.e., that it has significant or potential impact on either the firm or its stakeholders) or mandated (i.e., that it relates to information required under current reporting obligations or future obligations that are already known). For more information on our ESRS-aligned double materiality assessment, see the General disclosures (new window) chapter of our sustainability statement.
With the exception of the , the figures used in this report have generally been rounded to the nearest million or billion. In some cases, rounded figures have been used to calculate percentages. Throughout this report, unless otherwise stated, all numbers per full-time equivalent (FTE) have been based on the average number of FTEs for the financial year.
Review and approval
This report (including the annual financial statements) was prepared by KPMG N.V.’s Board of Management. The report also includes the 2023/2024 KPMG Accountants N.V. Transparency Report, drafted in line with EU Regulation 537/2014 Article 13 regarding statutory audits of public-interest entity (PIE) clients. The reporting process was overseen by a project team led by KPMG N.V.’s Finance department, with all content reviewed by the firm’s Board of Management and Supervisory Board prior to publication. Our financial statements and sustainability statement were also subject to external assurance.
Financial information
Financial statements in this report were prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the EU and with Section 2:362(9) of the Dutch Civil Code. All financial performance data is presented in euros (EUR), the firm’s functional currency. For more information on the basis for preparation of the financial statements, see Note 2 to the consolidated financial statements (new window).
Non-financial information
The Board of Management report contains a separately identifiable sustainability statement in accordance with the requirements of the European Sustainability Reporting Standards (ESRS) as set out in the Annex 1 to the Commission Delegated Regulation (EU) 2023/2772 of 31 July 2023 supplementing Directive 2013/34/EU of the European Parliament and of the Council. For more information on the basis for preparation of the sustainability statement, see the General disclosures chapter (new window) of our sustainability statement.
External assurance
External assurance (on the PDF version of this report) was provided by PwC Netherlands, acting as our external auditor for the second year. KPMG N.V. works closely with the external auditor to strengthen our disclosures, reporting processes, and internal data collection and verification. For more information, please see the independent auditor’s report (new window) and independent assurance report (new window).