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

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.

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

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.