1. North American Accounting Society Developing the Auditor of the Future

2. © 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. NDPPS 333287 2 Ambitious auditor-to-be…. …circa 1996

3. © 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. NDPPS 333287 3 PCAOB Inspection Deficiencies for Big Four Firms

4. © 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. NDPPS 333287 4 PATTERN ASSESSMENT KPMG Data & Analytics Powered Audit HISTORICAL CURRENT FUTURE AUDITING STANDARD MANUAL AUDIT THAT WAS A PAPER-DRIVEN ANALYSIS SNAPSHOT OF SELECT TRANSACTIONS IN A 200+ DATA POPULATION SAMPLE ANALYSIS WITH LIMITED TRANSACTION COVERAGE OVER 5 YEARS OF EXPERIENCE WITH DATA ANALYTICS eAudit DATA DRIVEN TECHNOLOGY USING ENHANCED QUALITY TECHNOLOGY USE OF AUTOMATION + DATA ENABLES 1 MILLION+ DATA ANALYSIS POPULATION SAMPLING TECHNOLOGY INVESTMENTS ENABLES 100% TESTING FULL POPULATIONS OUTLIERS + ANOMALIES DATA ANALYSIS OF BENCHMARKING INTERNAL INDUSTRY PEER IDENTIFY PROCESS IMPROVEMENTS BUSINESS PERFORMANCE TRENDS

5. © 2015 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. NDPPS 333287 5  ICOFR  Process  Systems  Controls  Teaming  Data & Analytics  Working knowledge of using a variety of data sets  Technology skills for processing analysis  Analytic skills for interpreting results  Ability to organize & communicate results  Development  Culture of learning  Real-time, point-of-use application of new skills  Independent study supported by coaching in application So where should we focus?

6. © 2015 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. NDPPS 333287 The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International.