United KingdomProfessional services2025 – ongoingKPMG LLP
KPMG Clara AI Transaction Scoring for UK audits
KPMG said Clara AI Transaction Scoring supported over 1,000 UK audits
Problem
KPMG audit teams needed evidence from transaction records and ways to focus testing on higher-risk journal entries.
Approach
KPMG embedded AI Transaction Scoring in its Clara audit platform. The routines combined AI with statistical techniques to analyse complete transaction datasets for areas including revenue and operating expenses. KPMG later expanded the capability to identify high-risk journal entries.
Results
Takeaway
KPMG reported broad deployment and complete transaction coverage. It did not quantify the tool's effect on audit error detection.
Categories
- Size
- Large enterprise
- Industry
- Professional services
- Business function
- Finance, risk and legal
- Innovation type
- Process innovation
- AI technology
- Predictive analytics and ML
- Adoption
- Built in-house
- Evidence
- Company's own claim
Sources
Source summaries
KPMG reported use of AI Transaction Scoring on over 1,000 UK audits. It described analysis of complete transaction datasets and an extension to high-risk journal entries.
Full details are in the original sources.
