Quality and risk management

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Monitoring

Controlling and monitoring factors that could affect our business, our professionals and clients, or the capital market and the environment in which we operate

Reviews

Internal and external evaluation procedures are in place to assess the integrity and independence of our professionals and adherence to our practices, methodologies, training and internal controls. These include:

  • Risk Controls Checklist (RCC) - An annual check performed by KPMG International on internal controls, procedures, practices and global training.
     
  • Quality Review Programmes - Annual reviews performed on Audit, Tax and Advisory engagements to verify conformity to our standards and required professional regulations.
     
  • Peer Review - A local independent peer review of our work every four years (i.e. conducted by another audit company of the same size), required by the Federal Accounting Council and supervised by representatives from Brazilian regulators.
     
  • Review by the Public Company Accounting Oversight Board (PCAOB) - A periodic review established for all companies registered with this organisation and providing accounting audit services. The review assesses compliance with the regulations of the PCAOB, a US regulator.
     
 

In the period covered by this report, KPMG in Brazil did not incur any sanctions or fines as a result of any of these reviews. G4- PR9

Disciplinary Committee

Monitors compliance with ethical standards and the integrity of our professionals to identify any deviations in our procedures or the professional standards governing our services. The Committee is activated when information or documents indicate potential violations by any professional, including any partner.

If evidence of a violation is confirmed, it is qualified into one of four categories of seriousness (light, medium, severe or very severe) and results in disciplinary measures that range from simple notification and additional training to financial penalties in variable remuneration and up to and including termination of employment or partnership resignation.

Confidential international hotline

For reporting suspected legal, ethical or regulatory violations. Coordinated by an independent supplier, the hotline is open to all our stakeholders 24 hours a day, seven days a week. All reports received are registered and trigger a confidential investigation process, which is also consistent with the legislation in force and our standards and procedures.

During the period covered by this report, KPMG in Brazil did not receive sanctions or fines resulting from the reviews, and did not had cases of corruption recorded by the monitoring tools. G4-SO5

Whistleblowing Hotline
Brazil: 0800 891 7391
Other countries: www.kpmg.com/Global/en/Pages/International-hotline-numbers.aspx
Online: www.clearviewconnects.com/
By post: P.O. Box 11017 - Toronto, Ontario - M1E 1N0, Canada