ASSIGNMENT OF KPMG

SUBMITTED TO: Ms. Neelu Nikhanj (Asst. Professor)

SUBMITTED BY:
Sandeep Kaur Grewal MBA 3 sem Roll no: 10417

Sr. No 1. 2. 3. 4.

TITLE
INTRODUCTION

HISTORY

SERVICES OF KPMG

NEWS

5.

MARKET SHARE

1. INTRODUCTION KPMG in India is one of the leading providers of risk, financial & business advisory, tax & regulatory services, internal audit, and corporate governance. With a global approach to service delivery, the firm responds to clients' complex business challenges with a broad range of services across industry sectors and national boundaries. KPMG was established in India in September 1993, and has rapidly built a significant competitive presence in the country. The firm operates from its offices in Mumbai, Pune, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Kochi, Chandigarh and Ahmedabad, and offers its clients a full range of services, including financial and business advisory, tax and regulatory, and risk advisory services.

In India, KPMG has a client base of over 2700 companies. The firm's global approach to service delivery helps provide value-added services to clients. The firm serves leading information technology companies and has a strong presence in the financial services sector in India while serving a number of market leaders in other industry segments.

Our differentiation is derived from a rapid performance-based, industry-tailored and technologyenabled business advisory services delivered by some of the leading talented professionals in the country. KPMG professionals are grouped by industry focus and our clients are able to deal with industry professionals who speak their language. Our internal information technology and knowledge management systems enable the delivery of informed and timely business advice to clients.

KPMG

cutting through complexity Type Industry Founded Swiss Cooperative Professional services 1987; merger of Peat Marwick International and Klynveld Main Goerdeler

Headquarters Area served Key people Services

Amstelveen, Netherlands Worldwide Michael Andrew (Chairman) Assurance Tax Advisory Consulting Financial Advisory Actuarial Legal US$23.03 billion (2012) 152,000 (2013) KPMG.com

Revenue Employees Website

2.HISTORY
KPMG was formed in 1987 with the merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG) and their individual member firms. Spanning three centuries, the organization's history can be traced through the names of its principal founding members whose initials form the name "KPMG." K stands for Klynveld. Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co. in Amsterdam in 1917. P is for Peat. William Barclay Peat founded the accounting firm William Barclay Peat & Co. in London in 1870. M stands for Marwick. James Marwick founded the accounting firm Marwick, Mitchell & Co. with Roger Mitchell in New York City in 1897. G is for Goerdeler. Dr. Reinhard Goerdeler was for many years chairman of Deutsche TreuhandGesellschaft and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger. 1911 William Barclay Peat & Co. and Marwick Mitchell & Co. joined forces to form what would later be known as Peat Marwick International (PMI), a worldwide network of accounting and consulting firms 1979 Klynveld joined forces with Deutsche Treuhand-Gesellschaft and the international professional services firm McLintock Main Lafrentz to form Klynveld Main Goerdeler (KMG) 1987 PMI and KMG and their member firms joined forces. Today, all member firms throughout the world carry the KPMG name exclusively or include it in their national firm names

The India Leadership Team Richard is the Chief Executive Officer of KPMG in India. He has over 28 years of multi layered, multi sectoral, top-of-the-pyramid post qualification experience behind him. Richard was appointed as the Deputy Chief Executive Officer and Head of the Advisory practice in November 2009 and held the position of the Chief Operating Officer for KPMG in India from June 2006 to November 2009. Richard served as the Head of the Risk Advisory Servces Practice in KPMG in India from April 2004 till June 2006. Richard has serviced clients across sectors including advertising, oil and gas, industrial and consumer markets and specifically in the pharmaceuticals, technology, manufacturing and retail domains. He comes with real time extensive experience coupled with detailed understanding of corporate governance, enterprise risk management, internal audit and business processes reengineering. Richard has affiliations with leading business enterprises worldwide, is a member of the Institute of Chartered Accountants of India and an active member of various Industry associations and trade bodies. He is on the National Council of CII and chairs their Northern Region Economic Affairs and Taxation Committee. He is a member of the National Executive Committee of CII for Corporate Governance and the prestigious American Chambers of Commerce (AMCHAM). He is currently on the Board of AMCHAM. Richard was recently appointed as the Chairman of Enactus India, which is an international nonprofit organisation. Richard is also a member of the EMA and Global Board for KPMG International. Richard is an articulate and eloquent speaker, contributing at several public forums while providing thought leadership through articles in leading newspapers and magazines on diverse topics - corporate governance/risk management, leadership and the economy.

3.SERVICES
KPMG in India provides tax and advisory services and industry insights to help organizations negotiate risks and perform in the dynamic and challenging environments in which they do business.

1. Tax and Regulatory

Enhancing a shareholder's value is a fundamental concept which drives every management effort in the modern business environment. Progressive and bottom-line focussed managements have realized that taxes (both direct and indirect, domestic and international), should be viewed as a dynamic item of cost rather than a passive charge on the profits. Indeed, an effective tax-cost management provides a distinct competitive advantage. This requires the application of appropriate tax strategies proactively identified and surgically implemented. We have developed a total tax management capability which encompasses the entire spectrum of direct, indirect and personal taxes. Our approach to tax planning is multi-jurisdictional. We, together with other member firm's offices spread across the globe, can provide quality national and international tax advice. Our professionals are drawn from a wide variety of backgrounds. Industry specialization, service line specialization, international exposure and advanced training equip them to work with our clients and be their advisors in a wide spectrum of their business processes.

2.Domestic Tax Services

Sound business decisions need to be backed by the right tax advice. Rapid globalization, has led to intense competition. Corporate entities have realized that progressive tax strategies and proper planning can reduce the tax incidence and provide the much needed cutting edge over competitors.

3. CORPORATE AND BUSINESS TAX ADVISORY Taxes may not be totally avoidable, but upfront tax planning provided by us, parallel to the decision making process, helps our clients attain the desired results. Our professionals are guided by a single, strong underlying philosophy - "helping our clients attain their business objectives". Dove-tailing tax approaches into business plans Structuring the entire business transaction, including preparation of structured tax approach tailored to meet business objectives Tax modelling, which would involve validation of tax assumptions built into financial and business models On-line tax advisory and planning for positions to be adopted in the tax return Transaction advisory including planning for achieving mergers, acquisitions corporate reorganizations An approach that seeks to reduce tax.

4. ADVISORY
With the world constantly and rapidly changing, the future is full of realigned priorities. At KPMG in India, we press on looking for sustainable growth, staying in shape and preparing for a new landscape. Partnering with our clients, we develop tailored and thorough recommendations in collaboration with sector and technical experts, bringing among the best minds from across the vast KPMG network. By working in multi-disciplinary teams, we deliver holistic thinking and insights helping clients in transforming their organization, no matter what their primary challenges are - from improving performance, to optimizing risk, to restructuring their operations or seizing new opportunities. MANAGEMENT CONSULTING We help clients to make better decisions, reduce costs, build more effective organizations and develop appropriate technology approach. We help in dealing with critical areas of : Customer Growth Data and Insight

Efficiency and Cost Management Financial Management Advisory Services IT Advisory Operational Strategy Shared Services and Outsourcing Supply Chain Optimization Talent and Human Capital Management RISK CONSULTING Clients look to us to help them navigate their most complex business issues shaping the thinking from boards to operational management to transforming risk into advantage. Our primary service lines include: Accounting Advisory Services Development Sector Advisory Financial Risk Management Forensic Governance Risk and Compliance Sustainability TRANSACTIONS & RESTRUCTURING We have the in-depth knowledge and experience to shape a clients response to business opportunities and challenges right across the deal cycle. Our services include: Business Sales and Disposals Due Diligence Financial Modelling

Integration Mergers and Acquisitions Private Equity Advisory Restructuring Advisory Valuations 5. KPMG GLOBAL SERVICES KPMG Global Services (KGS) is a joint venture between KPMG in the US, UK and in India. Set up as a global capability platform, KGS provides professional services to KPMG member firms globally. With its broad portfolio of services and cross-functional capabilities, KPMG Global Services delivers on both immediate and long-term business imperatives for the global member firms by harmonizing its core Advisory services with the various Centers of Excellence to provide services using a flexible delivery model. Our high performing teams work together to respond to complex business challenges facing our clients by offering informed perspectives, and delivering clear results. By working with us KPMG member firms have successfully driven business value through acquisition of new capabilities, increased competitive strength, and an expanded global footprint. Services range from highly complex and diverse advisory engagements like shared services design, financial transformation, sourcing strategy, financial due diligence and information protection, to research based solutions like benchmarking and competitive landscape analysis, and advisory support activities like project management, bid and administrative support

4. NEWS
KPMG appoints Richard Rekhy as CEO MUMBAI: KPMG today said it has appointed Richard Rekhyas new chief executive for its India operations. Rekhy, who was earlier the Head of Advisory at KPMG in India, will succeed Russell Parera, a statement issued here said. On his appointment, Rekhy said, "The global and the Indiaeconomy are going through some significant changes. I keenly look forward to invest in our clients and people and lead the KPMG practice in India towards the next wave of growth." Punjab govt hires two consultancy firms PricewaterhouseCoopers and KPMG to examine property papers JALANDHAR: Two consultancy firms have been hired byPunjab government for examining property documents to know whether they were registered as per norms. Punjab revenue minister Bikram Singh Majithia said, hiring of PricewaterhouseCoopers and KPMG was aimed at ensuring transparency in the revenue department. "In case of any wrong doing, the official concerned would be held accountable," he said and informed that about 1.5 lakh property registrations would be scrutinised.

5. MARKET SHARE