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I am a KPMG partner based in Sydney with more than 15 years experience primarily in assurance and accounting advisory for corporate clients. I lead ASX50 and private financial statement audits coordinating cross-functional multi-location projects. I also provide accounting advisory services to a range of clients. I have current and past experience of working with large corporates in aviation, medical devices, telecommunications, aerospace manufacturing, freight, tourism and retail.I have experience in internal audit, risk management, accounting advisory and transaction advisory. I have process improvement experience both internally within KPMG and through external engagements with clients (including lean methodologies).
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PartnerKpmg Australia Jan 2021 - Present -
DirectorKpmg Australia Oct 2017 - Dec 2021Sydney, AustraliaDirector in KPMG's Audit, Assurance and Risk Consulting practice. Responsible for financial statement audit engagements. Working with companies implementing the new financial reporting standards for revenue (IFRS 15), leases (IFRS 16) and financial instruments (IFRS 9). -
Senior ManagerKpmg Australia Oct 2014 - Sep 2017Sydney, AustraliaLeading the financial statement audit, other assurance engagements and co-ordination of multi-disciplinary client service teams for an ASX50 listed airline and an ASX300 retailer and wholesaler. Responsible for the development and implementation of revenue growth initiatives within the Audit practice.Member of KPMG's global aviation practice including the development of thought leadership material, participation in International Air Transport Association (IATA) Accounting Working Group (AWG) meetings and assisting our global network of airline audit teams with accounting advice.Leading our engagement with our client base as they assess the impact of upcoming changes to financial reporting standards for revenue (IFRS 15), leases (IFRS 16) and financial instruments (IFRS 9). Worked closely with a large corporate treasury function through the early adoption of IFRS 9 Financial Instruments, including hedge accounting. Performing a key leadership role as Department Senior Manager for a group of around 100 people. -
Audit ManagerKpmg Australia Jul 2011 - Sep 2014Sydney, AustraliaAudit manager on a portfolio of clients including an ASX50 listed airline and the Australian & NZ operations of a global freight forwarder. Responsible for project management including the pricing, staffing and recognition of profit for an annual engagement requiring over 10,000 hours from 30+ KPMG professionals.Two years leading the Sydney initiatives of KPMG's global audit methodology coaching, which has included up-skilling audit professionals of all levels and improving the project planning process to achieve engagement cost savings of up to 20%.Delivery of deal due diligence and other advisory engagements including analysis of the financial impact of significant events.Completion of Lean fundamentals training and application to the audit process internally to improve audit efficiency and externally to deliver value to clients by using KPMG's Lean in Audit workshop approach to understanding financial processes (2013 International Audit Innovation of the Year).Member of the deployment team responsible for the customisation, trial and roll-out of a web based portal to increase the efficiency and security of the information flow from our clients to our audit teams. -
Audit Assistant ManagerKpmg Australia Apr 2010 - Jun 2011Sydney, AustraliaAudit "in-charge" on a range of clients in the airline, travel, technology consulting and freight industries.Responsibilities included drawing audit conclusions on technical accounting matters, taking responsibility for audit fieldwork including setting of budgets and pricing, scheduling audits, selecting staff and assigning workloads, developing the audit strategy and co-ordinating with clients. -
Graduate To Assistant ManagerKpmg Uk Sep 2006 - Apr 2010Nottingham, United KingdomFour years experience performing technical audit work in relation to the civil aerospace division of a FTSE 100 Group including the measurement of revenue and profit recognised on long-term engine and aftermarket contracts.Performing and leading audit field work on a diverse range of clients including high-tech manufacturing, a regional airline, a Falkland Islands based conglomerate, subsidiaries of global companies and a number of owner-managed SMEs.Audit work included testing the design and operating effectiveness of controls in the financial reporting process, including IT system controls, technical accounting treatment under IFRS and UK GAAP and preparation of financial statements.
David Richards Skills
David Richards Education Details
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First Class With Honours
Frequently Asked Questions about David Richards
What company does David Richards work for?
David Richards works for Kpmg Australia
What is David Richards's role at the current company?
David Richards's current role is Partner at KPMG Australia.
What is David Richards's email address?
David Richards's email address is da****@****ail.com
What schools did David Richards attend?
David Richards attended University Of Nottingham - Nottingham University Business School.
What are some of David Richards's interests?
David Richards has interest in Environment.
What skills is David Richards known for?
David Richards has skills like External Audit, Ifrs, Big 4, Assurance, Financial Reporting, Accounting, Internal Controls, Auditing, Financial Audits, Financial Accounting, Uk Gaap, Operational Risk.
Who are David Richards's colleagues?
David Richards's colleagues are Lisa Dunne, Ross Anderson, Mehar Jaitely, Fraser Melsom, Randall Pennington, Avneel Avishek Narayan, Toby Booth.
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