How KPMG’s Clara AI Platform Automates and Elevates Financial Statement Review and Audit Quality

By: GoBeyond Team
July 3, 2025
3 min read
KPMG Clara AI audit dashboard showing risk flags and compliance analytics

Quick Overview

KPMG’s Clara AI platform automates the review of financial statements and account data for clients, providing real-time data analysis, risk flagging, and compliance checks. Clara’s machine learning models continuously improve accuracy and help auditors focus on exceptions and strategic analysis, rather than routine checks. The platform supports over 95,000 auditors globally, standardizes and automates audit procedures, and includes AI agents for risk assessment, fraud detection, and disclosure checklist completion.

KPMG
KPMG
Company Size
~273,000 employees (global)
Revenue Range
$36B+ annual revenue
Primary Challenge
Enhancing audit quality, efficiency, and risk management through AI-driven automation and analytics
Key Metrics
\- Up to 20%+ improvement in review accuracy and compliance\- 95,000+ auditors empowered by Clara\- Reduced manual workload and review time\- Enhanced risk detection and audit documentation quality

The Problem

Traditional audit and financial review processes were manual, time-consuming, and prone to error, limiting auditors’ ability to focus on risk and insights

The Solution

Clara integrates AI agents and machine learning to automate audit tasks, analyze bulk documents, flag risks, and streamline compliance. Features include real-time data analysis, transaction scoring, automated quality scoring, and generative AI for audit documentation and disclosure reviews.

Results

\- Improved review accuracy and compliance\- Reduced manual workload for auditors\- Enhanced risk management and fraud detection\- Faster, more focused audits\- Deeper insights for clients and audit committees

“KPMG Clara with AI will not only free up resources to spend more time on the areas of highest risk, but will directly help our teams exercise professional skepticism to protect the capital markets.”

Scott Flynn, KPMG US Vice Chair – Audit

Details

Industry
Professional Services & Consulting
Departments
Finance & Accounting
Use Cases
Account Reviews
Tags
GenAI
Real-Time Processing
Client Satisfaction
AI Tools Used
No items found.
Sources
https://kpmg.com/us/en/media/news/kpmg-clara-smart-audit-platform.htmlhttps://roshancloudarchitect.me/kpmg-clara-revolutionizing-auditing-with-ai-net-and-azure-e0c1ae7db16chttps://www.nysscpa.org/news/publications/the-trusted-professional/article/kpmg-further-integrates-ai-agents-into-its-audit-platform-clara-042425https://www.manifest.ly/blog/using-ai-to-analyze-financial-statements-revolutionizing-financial-review-and-analysis/

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