KPMG has unveiled a suite of AI Assurance services to assist organisations in scaling GenAI technologies while addressing ethical and risk concerns.
These services are intended to provide frameworks for monitoring AI agent behaviours and managing potential risks.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The suite encompasses AI model risk assessments, which involve structured risk evaluations and reviews of design/control effectiveness, alongside hands-on AI system testing using statistical and performance-based techniques.
AI model validation is also offered to ensure accuracy, adherence to assumptions, and regulatory compliance.
Real-time systems assessments (RTSA) are part of the services, focusing on AI-related updates and system implementations that could affect financial reporting controls.
In addition, AI assurance and attestation services are available, offering independent verification of AI systems against recognised standards or frameworks such as SOC, SWIFT, FedRamp, HiTrust and others.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThese services are intended to aid organisations in the assessment, development, deployment, management, and monitoring of AI systems that have the potential to significantly alter their operations and drive innovation.
KPMG collaborates with technology partners, including Microsoft, to develop responsible AI tools and practices, and to ensure oversight and compliance of AI platforms.
The AI Trust services from KPMG include systems cards, regulation and compliance support, governance frameworks, inventory management, security strategies, and development and deployment processes.
These offerings are designed to meet the oversight needs of both corporate boards and executives, providing them with view of AI governance, internal control, and regulatory and compliance risks.
KPMG’s AI Assurance services are tailored to meet the needs of a diverse range of industries, such as financial services, healthcare, life sciences, retail/e-commerce, and technology companies/AI startups.
KPMG US Audit vice chair Christian Peo said: “Our AI assurance capabilities meet technology teams, management and boards where they are in their implementation journey, supporting their efforts to responsibly and ethically use AI and build, deploy and govern their AI systems.”
Recently, KPMG indicated plans to enhance its cybersecurity capabilities by integrating the CrowdStrike Falcon platform and leveraging the CrowdStrike Engagement Licencing Programme (ELP) for client projects.
