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  • 1. Issue 2.0 You and KPMG. A Perfect Fit. Chec ki for yonside ur You Givin and KPMG g Dona Togethe tion C a r rd.
  • 2. You and KPMG A Perfect Fit A career at KPMG can help you reach new heights and develop to your fullest potential through challenging, meaningful work experiences and a strong mentoring culture. We know our success as an organization is built on the success of our people and our teams. Our commitment independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of to people creates a connection that lasts a lifetime. The best minds. Developed to their fullest potential. Connected for life. Sound like the Perfect Fit? For more information visit: ,
  • 3. Contents Career Fast Facts The Road to Take a the Top Good Look 02 04 10 Been There ... Get a Head KPMG’s All About Aced That! Start in Practice Areas IFRS Your Career 16 20 23 34 People Designed for Bon Voyage Five Relationships Success Postcards From Lyon and One Big Vision 03 06 08 You and KPMG. Lunch Break Standing Out from A Recipe for a the Crowd Great Summer 12 18 30 Lifestyle KPMG Enterprise Fashion Commited Fitting Fitness Enters the Wear-Withal to Our into Your Dragons’ Den Communities Schedule 22 28 26 14 The information contained herein is of a general nature and is not intended to address the KPMG and the KPMG logo are registered trademarks of KPMG International, a Swiss cooperative. circumstances of any particular individual or entity. Although we endeavour to provide accurate and © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network , timely information, there can be no guarantee that such information is accurate as of the date it is of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights received or that it will continue to be accurate in the future. No one should act on such information reserved. Printed in Canada on recycled paper. without appropriate professional advice after a thorough examination of the particular situation.
  • 4. FAST FACTS About KPMG KPMG International is a global network operating in over 144 countries On an annual basis, KPMG offices designate a period of time in which with more than 137,000 professionals working around the world. to support organizations in our communities across Canada, known as our KPMG Volunteers initiative. During this time, KPMG people work KPMG in Canada (“KPMG”), the Canadian member firm affiliated together and volunteer on one designated workday over the course with KPMG International, operates in 32 locations across the country. of the volunteer period to make a difference to worthy causes in each The firm’s more than 430 partners and almost 5,000 employees provide local community. In 2008, 2,972 KPMG people helped 173 organizations crucial services to many of the top businesses in Canada. through a wide range of volunteer activities. By focusing on quality, people, and our relationships with our clients, KPMG offers leading People programs, such as our concierge service, KPMG maintained our presence as a leading professional services firm which supports people with the daily tasks they don’t have time for, in Canada in 2008. Our focus also helped us to achieve over 4 percent including dropping off the dry cleaning, finding the perfect gift, and growth and earn over $1.1 billion in revenue for the year. scoring concert tickets. In 2008, requests handled by the concierge KPMG was chosen as one of Canada’s Top 100 Employers for the service saved our people 5,984 hours. independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of sixth time in 2009. We were also recognized for the first time this year KPMG’s e-learning tool, CLiX, provides learning options in a convenient as one of Financial Post’s Ten Best Companies to Work For. This special MP3 format and via downloadable video playbacks, allowing for designation recognizes fast-growing companies in Canada that offer real-time practice opportunities in the office, at home, or on the road. strong career advancement opportunities together with leading-edge employee rewards. For the second year in a row, KPMG’s efforts to create an inclusive environment were recognized with two prestigious awards, including KPMG actively supports and encourages international assignments being named one of the Best Employers for New Canadians and one of through our Global Opportunities (GO) program. Currently, KPMG has Canada’s Best Diversity Employers for 2009. 80 individuals on both short- and long-term assignments in many different countries around the world. The most popular destinations include the KPMG has implemented a formal firm-wide program to help improve US, the UK, Australia, New Zealand, Hong Kong, and Switzerland. our environmental performance. The Environmental Performance Initiative (EPI) sets continuous improvement targets that apply to all In 2008, KPMG, along with The KPMG Foundation, contributed offices. This initiative helped KPMG to be named one of Canada’s donations and sponsorships of $3.6 million to Canadian charitable Greenest Employers in 2009. organizations, an increase of almost 30 percent over 2007. Donations , were made to support education, health care, children/youth, On January 1, 2009, Bill Thomas took over the role of CEO of KPMG; and communities. at 41 years old, he is one of the youngest CEOs ever of a Canadian Big Four accounting firm. 02
  • 5. Five Relationships and One Big Vision CEO Bill Thomas Has a Plan to Make KPMG “The Envy of the Professional Services Firms” Bill Thomas has a vision. Together with the In 1989, Bill joined the firm; he earned his CA Also important to Bill is the relationship the partners of the firm, he wants to make KPMG in 1993. Six years later, he was made Partner, firm has with our local communities. “For me, “The Envy” of all professional services firms— and from 2000 to 2003, he led the Financial corporate success and community leadership not just the other Big Four accounting firms. Institutions and Real Estate (FIRE) Services go hand in hand. There are so many It’s an ambitious goal for the new CEO, but Audit group in Vancouver. In 2003, he became opportunities out there to leverage the skills, he’s got a plan and the enthusiasm to make the Leader of the Audit practice for KPMG’s knowledge, financial resources, and passions it happen. Greater Vancouver Area office and, in of our firm and our people in order to benefit December 2006, took on the role of Managing our communities. Bill is an enthusiastic ” At the heart of Bill’s philosophy for succeeding Partner. In September 2007 he moved to , volunteer, setting a great example for the rest in business is one simple word—relationships. Toronto to become Deputy CEO. On January of the firm. Among other things, he is a “If you want to stand out from the crowd, 1, 2009, Bill officially took over as Chief member of the Board of the Toronto Symphony especially in a challenging economy like the Executive Officer of KPMG. Orchestra and, before he left Vancouver, was a one we are in today, it is crucial to build long- board member of both Vancouver’s Science lasting, deep relationships, says Bill from his ” Since then, Bill has been busy talking to people World and the CA School of Business. office in Toronto. “For me, there are five critical from all levels of the firm about his plans for relationships for KPMG: the relationships we KPMG. “This is a really exciting time for us and Bill recognizes that his goal for KPMG to be have with our clients, our future clients, our I want to make sure that everyone is involved seen as “The Envy of the Professional Services local communities, our global network, and in the excitement. We are all invested in making Firms” is a big one, and that success won’t with each other. ” KPMG ‘The Envy of the Professional Services happen overnight. “Strong, deep relationships Firms,’ and our partners and our people are take time to build, which is why they are so For Bill, relationships have always played an what will drive our success. Just one more valuable. Yes, it will be challenging, but we are important role in his career. “KPMG has a reason that the relationship we have with committed to achieving our vision strong mentoring culture. The coaching and each other is so critical, notes Bill. ” because that is how we are independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. career advice I received right from the start going to deliver real value to © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of of my career here, almost 20 years ago, has “The competition for bright, talented people is our clients, our future clients, helped me get to where I am today. And ” fierce, and it’s only going to increase. We want our communities, our firm, where he is today is pretty extraordinary; at KPMG to be known as a place that develops and each other. Besides, 41 years old, Bill is one of the youngest CEOs outstanding professionals. That’s how we are life can get boring without a ever of a Canadian national accounting firm. going to attract the best minds. To do this, ” good challenge!” Not bad for someone who never planned to Bill knows that KPMG has to be a people- become an accountant. focused organization. Aside from offering challenging, meaningful work experiences and Bill Thomas Bill graduated from the University of British a strong mentorship culture, Bill wants to make CEO and Senior Partner Columbia with a Bachelor of Science degree sure that coming to work each day is a fun in Bio-organic Chemistry and had a plan to experience for KPMG people across Canada. become a doctor like his father and his “I know for me personally that I want grandfather before him. His dislike of blood challenging work and the opportunity to , and hospitals made it abundantly clear that make a real difference, but I also need to medicine wasn’t for him and Bill fortunately have fun while working with great people. ” discovered his own Perfect Fit in chartered Bill wants to provide that same opportunity accounting at KPMG. to everyone who joins the firm.
  • 6. The Road to the Top ARE YOU ON IT? You know you’ve got big things in your future. You’ve got the drive and dedication to go right to the top. The question is: Do you know how to get there? Joining the right organization with lots of opportunity for learning and development is a great start. KPMG is dedicated to building lifelong relationships with our people by supporting them throughout their career. With so many options within the firm, no two career paths are exactly the same. Still, if you are considering joining the firm, it helps to have an idea of where your career could go, what your role could be, and how KPMG will provide you with the support you need to take you right to the top. Check out the map below outlining what you career at KPMG could look like. Senior Accountant: Can you say “promotion”? As a senior accountant your responsibilities will grow along with your opportunities for professional development. You will begin to take on the responsibility of the overall Staff Accountant: execution of client engagements, which In your first full-time role out of school, you will means designing a work plan, managing a work closely with a senior accountant and budget, and training and mentoring your performance manager, and will be asked to engagement team members. Your technical deliver timely and quality service. You will also knowledge will become more advanced and independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. have the chance to learn a lot. From local office you will develop your ability to interact with © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of development programs to Audit Fundamentals clients, including making presentations and Summer Internship: training, you will gain industry and technical fostering business relationships. Spend a summer with KPMG during your knowledge, while improving your leadership second or third year of university. As a and project management skills. But it’s not all Ready to GO? summer intern you could be involved in a hard work—you will also have the opportunity Why not gain some international number of different activities, including to participate on local office committees, experience by taking part in KPMG’s working on a client engagement, planning network with partners and managers, and Global Opportunities (GO) program. for upcoming assignments, attending a participate in office social events. You could spend 3 months to 2 years training course, or participating in local living and working in another country. social or charitable events. An internship UFE Time! Popular destinations include Australia, is a great place to start your career with Preparing for and writing the accountancy the UK, and the US. To read about the KPMG because it will help you explore all profession’s Uniform Evaluation (UFE) is experiences of a current GO participant, of the opportunities we offer. a major milestone in the career of any check out “Bon Voyage” on page 8. aspiring CA. KPMG will help you on your , path to achieving a professional CA designation by providing one of the best UFE training programs in Canada. To learn more, visit 04
  • 7. Partner Congratulations—you’ve made partner at the firm! To get to this position you have been a strong performer throughout your career at KPMG, showing leadership capabilities and a commitment to the firm’s values. A partner is responsible for technical, client service, and people and business management Senior Manager leadership. The knowledge, skills, and Now that you’re a senior manager you will experience you’ve gained during your years be managing multiple client engagements at the firm have positioned you for success. and providing training and direction to your The sky is the limit! engagement teams. Senior managers act as mentors, performance counsellors, and even instructors to their staff. You will receive the necessary training to support Manager your people, including providing guidance You’ve made manager! That’s a big step up. to other managers. More than ever, you will As a manager at KPMG, you will continue to be accountable for client relationships, Learning and deepen your technical knowledge and industry including identifying opportunities for new Development @ KPMG experience in order to manage more complex business and leading proposal teams. engagements. You will also have an increased Senior managers also have the chance to It’s All About You! accountability for client relationships, which take the lead in various office initiatives or At KPMG, we don’t believe in “one size means learning and participating in the proposal spearhead community activities such as fits all” training. You can personalize process that develops new relationships for the volunteer days. your development and reach your firm. In this role you could be interacting with career goals with a variety of learning CEOs, CFOs, and other C-level management. approaches, such as the following: Within the firm you will develop your people and project management skills through KPMG’s • CLiX, our online learning management management training courses, in order to make system delivers one-stop 24/7 accessibility to the firm’s catalogue office practice decisions, including resource of nationally developed, nationally allocation, career development of staff, and delivered courses and learning other management decisions. resources. CLiX will also manage your personal learning history, Choosing Your Path Continuous Professional Education While the majority of KPMG’s new hires (CPE) credits, and any certifications. start out in the Audit practice, there are independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of ample opportunities to transition into other • Learning Paths, for every role from practice areas, such as Tax or Advisory. entry-level associate to partner, will This allows our people to find their Perfect help you to understand what success Fit by encouraging them to leverage their looks like and what it takes to get to the next level as you chart your strengths and grow their career at the firm. career with us. Offering career options and flexibility is just one way that KPMG builds lifelong • Progressive and interactive e-Learning relationships with our people. To learn and virtual classroom programs, such more, read “KPMG’s Practice Areas” as the Harvard Manager Mentor series. on pages 22–25 You can also read a day • Face-to-face workshop sessions in the life of an Audit, Tax, or Advisory, combine learning new skills with professional on our Web site at on-the-job training. • KLearn, KPMG’s interactive Web conferencing tool, allows real-time , learning and collaboration. You can access KLearn anytime, anywhere, from any KPMG computer.
  • 8. DESIGNED forSUCCESS With a little help from IKEA , anyone and everyone can play interior designer, assembling cool furniture and decorating their space. For Alicia Pinarello, an Auditor in KPMG’s Hamilton office, her IKEA experience has helped her build something a little independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. different—her career! This Senior Accountant has © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of been part of the IKEA engagement team since her first year with KPMG. Alicia recently sat down with KPMG FIT to talk about working with the iconic Swedish home furnishings retailer, and why KPMG and IKEA are a good fit for each other and for her. , When did you join the firm and why did you IKEA must be a pretty popular client. How did You mentioned that you’re a good fit for FIT choose KPMG? FIT you come to work on the assignment? FIT the culture at IKEA. Could you explain what you mean? AP I started as a summer intern in 2005 while AP Well, initially it was luck of the draw because I was at McMaster University, then I joined I didn’t specify client preferences when I started. AP I guess the main reason I say that is because the firm full-time in 2006. I was actually hired I was assigned to work on the engagement team the culture is in many ways very similar to the through the GTA group, but because I wanted auditing IKEA in my first year and I’ve been culture at KPMG. The people are very friendly to stay close to school and the friends I’d made, working on it ever since. I look forward to and really sociable, but at the same time they the firm created a summer position for me in working at IKEA, just like the rest of the KPMG are highly professional and always focused on Hamilton. They were so accommodating and team. For me personally, I feel I am a good fit for producing excellent work. I came to realize from very supportive. I was really impressed and this the culture and, from IKEA’s perspective, having my first interactions with the KPMG recruiting played a huge role in why I ultimately chose to a consistent group of auditors year after year team that this is something I really value. To this work at KPMG. makes working together that much more day, I look for a mix of fun and professionalism, enjoyable and efficient. both in my clients and in my co-workers at 06 KPMG. Also, the IKEA office is very open
  • 9. When you first started auditing IKEA, FIT what were your responsibilities and how have they evolved? AP When I first started, I still had a lot to learn about IKEA’s business and audit techniques, so I was assigned easier sections, like cash and fixed assets. The Senior Accountant on the job at the So you have the opportunity to work FIT at the IKEA offices. What’s that like? time was awesome—so supportive!—and I really had the chance to get comfortable with AP I always look forward to days at IKEA, which is the organization. During my second year on important because when you are on an audit the account, I was given more responsibility. engagement you usually do most of your work The work kept me challenged and always at the client site. IKEA is a big client, so we learning. One of the highlights that year was do spend quite a bit of time there—maybe that I got to take part in an inventory count; it 2–3 weeks in the summer and then almost a was really cool to see what goes on behind the month around their year-end. I love working scenes and it gave me a sense of how complex there, mostly because of the people, who are IKEA really is. The organization operates like a all really accommodating and take the time to well-oiled machine—they are so organized! get to know you as a person. Another perk of This past year, I was lucky enough to get to work working on-site at IKEA is that you eat so well. as the Senior Accountant and participate in a You’re ready to tackle the afternoon after worldwide proposal. I was excited to have these lunch because you’ve filled up on a great meal. opportunities so early in my career. I loved I’m always excited to try the different Swedish getting to manage and mentor a team of almost desserts and, of course, I love IKEA’s famous 10 people, and was honoured that management Swedish meatballs! involved me in the oral presentation to high-level IKEA representatives. It’s a great feeling to know FIT Sounds delicious… that KPMG believes in me so much that they AP It is! Whenever we go back to the office we entrusted me with a high-profile client like IKEA. can’t help but brag at least a little about how well we ate when we were there. Another Looking ahead, what do you see in FIT the near future for your career? independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. fun thing about working at IKEA is that their © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of offices are attached to a store, so you can AP I’ve worked with such a great team of people, always work off that lunch you’ve just eaten both from KPMG and from IKEA, and I feel like by exploring the cool room displays and I still have so much more to learn in my role. checking out the latest design trends. Working at IKEA, I’ve been able to develop my people management skills, which is excellent FIT Are you a big fan of IKEA products? because one of my goals is to become a AP Absolutely! My first room in university was top manager at KPMG. That’s one of the great to bottom IKEA. I remember putting together a things about working at KPMG in general— big dresser all on my own. I should have gotten the opportunities for career progression are someone to help me (the directions did say it amazing. I’m only in my third year with the firm was a two-person job), but I was so excited to and I’ve already learned so much, worked with have my room finished, I couldn’t wait. It took really talented people, and had the chance to me a while, but I got it together and had such be a part of some exciting projects. The fact that a feeling of accomplishment when I did. I have had this much opportunity so early on , I’m still pretty handy with an Allen key. makes me very excited for my future at KPMG. concept, with few walls and lots of light. This is great for knowledge sharing and it reminds me a lot of KPMG’s open-door policy. On a more personal note, I am concerned about the environment, and so I like that IKEA and KPMG are both taking tangible steps to reduce their eco-footprint and be responsible global citizens. In the end, KPMG and IKEA are organizations that value the relationships they have with their people and the larger community, which makes them a good fit for each other and a Perfect Fit for me.
  • 10. Bon Voyage! Postcards Staff Accountant Nicholas Milosh is having the adventure of a lifetime on a 2-year Global Opportunities (GO) secondment to Lyon, France. Before he left, KPMG FIT asked Nicholas to stay in touch—send us an e-mail once in a while to let us know what he was doing, who he was meeting, and what he was learning. Well, he did better than e-mail, he sent us postcards! Here are a selection of postcards we received from his first year on secondment: yo n! f o re I f rom L e re . B e t v ie w G re e t in g s to be h g, a g re a o ex c i te d u s, t h in k in ci t y with Ly o n . I am s ne r vo of the h ro ugh as p re t t y lf in t o? ” c e n te r n n in g t g. le f t I w g m ys e e rs r u e lc o m in I g e t t in tw eek, of the ri v is r e ally w r of t am t h e la s e h e re n a tou independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. “ Wh a re f o r io n . e r yo n k me o © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of in g h e c is Ev too g in g Bu t be ig h t de r k e rs Man a e the r ea dy My c o - wo a nd the d I m ad n d a lr e rd ay t le d a n I k no w we l l a z in g , y ye s t e t se t ett li n g in h is am a the ci t lp in g me g I am s t, w h ic r is h e r t me n to the Pa r t n e ne e d. h ave an ap a r ig h t ne xt h at e t ra in in g I i t ’s (t ge t t h way— e ci t y by t h e t of th k” p a r o the al par c lo s e t “c e n t r a n d is fu l l z o o !) h as a , 08
  • 11. I tra vel led to Ge ne va thi s we ek to wo rk on an en ga gemen t for on e of my big ger clie nt acc oun ts. It is a glo ba l aud it for a video As ia. It’s coo l to ge t a game s glo ba l perspe cti ve pro duc er an d I ca n’t eve an d see ho w int egr ate n tel l yo u d int ern ati on al from Lyon ho w int ere sti ng th e wo bus ine sse s ca n be. Th rk is. I ge t e wo rld see ms a to see ho w mu lti ple asp lot sm all er th an it did ect s of th e bef ore I we nt bus ine ss wo rk , f rom on my GO sec on dmen im po rti ng th e t. pro duc ts to ne w game lau nc he s. PS – I’ve sen t yo u som We are con sta nt ly lia e Sw iss ch oco lat e s isin g wi th th e to ge t yo u thr oug h th he ad of fic e in th e US e bus y se aso n. , as we ll as En joy (an d ma ke sure wi th oth er con tac ts yo u sh are th em in Eur ope an d aro un d th e of fic e)! th is we ek en d, wh ich I wa s sk iin g ag ain en d in a ro w he ad ing wa s my th ird we ek an d I am pla nn ing to to th e Fre nc h Al ps, we ek . Whil e I am go ba ck ag ain ne xt e ha rd ov er he re, I lik an d it fe els de fin ite ly wo rk ing mi ne be fo re I lef t, to fin d a go od lis he d it. th at I am st ill ab le gre at to ha ve ac co mp it y ba lan ce an d ha ve lot s of oppo rt un ct of Fre nc h ce th e Fre nc h PS – Th e ot he r as pe to tr av el an d e xp er ien g to kn ow we ll of th e cu ltu re is th e cu ltu re I am ge t tin cu ltu re . A big pa rt (m ay be a lit tle to o we ll!)—th e fo od d to say lan gu ag e an d I am ve r y pr ou er co me he re yo u kin g , an d wi ne ! If yo u ev th at I am no w fu lly bil ing ua l—sp ea sa vo ya rde— , an d li vin g “en ha ve to tr y a fo nd ue wr iti ng , wo rk ing c’e st ma gn ifi qu e! a pe rso na l go al of f ra nçais”! Th is wa s I am on va ca ti on th is wee k an independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. d © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of ha ve tr av el le d to th e Côte D’A Bonjour! (a k a, th e Fren zu r ch Ri vi er a) w it I am in Paris this week for t raining f ri en ds f ro m un h so me i ve rs it y w ho ha and I’m having an amazing time. co me ov er to vi ve si t me. We are Th e oppo rt un it Firstly, I am le arning a lot, e specially ha vi ng an am az ie s fo r pe rs on al in g ti me an d it pr of e ss io na l gr an d about IFRS and all the technical gre at to re co nn is ow th ha ve be en ec t w it h m y f ri in cred ib le . I ha specifications that surround the ne w citie s and acclimatizing to f ro m ho me. I am en ds ve pr ov en to m no w ha lf way I am ab le to st ys el f th at standards. Secondly, I am mee ting the culture. It’s cool that even th ro ug h m y se ay ca lm an d co co ndmen t an d, an y si tu at io n lle ct ed in other KPMG secondee s f rom all over. though I am in France and lo ok in g ba ck , it an d ta ck le w ha ha s be en th e m ch al le ng e lif e or te ve r We come f rom dif ferent parts of the ge t ting to know so many ne w e xc it in g an d en os t wor k th ro ws at ri ch in g e xp er ie me. world, but have so much in common. people in the Lyon of fice, I am of m y lif e. nc e Ca n’t wai t to se e w ha t ne xt Plus, we are all going through the same also building a ne t work of ye ar br in gs ! e xperience of ge t ting se t tled into our colle ague s f rom across the globe. , In addition to these ones, Nicholas also sent us postcards from Munich, Germany; Biarritz, France; Torino, Italy; and Cape Town, South Africa. Bon Voyage!
  • 12. Take a Good Look! When it comes to compensation, there’s often more than meets the eye. independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of At first glance, seeing big numbers on your pay cheque may seem like the only thing that matters when deciding where to start your career. But make sure you take a second (and third!) look and consider everything an organization is offering you—from benefits and time-off, to learning opportunities. At KPMG, we understand that our people are our most important asset. We also understand that if we want to attract and retain the most talented people, we need to offer our employees rewards that fit their immediate needs, as well as their long-term goals. , That is why we have developed a “total rewards” package, which provides options that you can adapt to fit your changing life. 10
  • 13. Here are some of the Total Rewards UFE Preparation That Helps You Succeed KPMG is proud to offer: KPMG’s UFE preparation course is one of the best in the country and offers a wide variety of supports, like practice evaluations, study binders, study buddies, as well as paid and unpaid time-off to prepare. A Competitive Base Pay We cover all exam fees in advance for KPMG bases its pay ranges on Building a Stronger first-time writers. In addition, to celebrate our relevant market data, including Financial Future people’s success, KPMG offers accreditation other professional services firms and It is never too early to start awards of up to $2,000. KPMG also supports general industry, in order to ensure a planning for the future. To encourage people our people who want to pursue other competitive rate for all starting salaries. to think ahead and save for retirement designations, such as a CGA or CMA. To find To help ensure that our base pay ranges (no matter how far off that may be), out more about how KPMG’s UFE training stay competitive, KPMG annually participates KPMG offers a pension plan with matching program helps our people succeed, read in several external pay surveys. contributions from the firm as well as a “Been There, Aced That” on page 16. group RRSP program. Extensive Training and Development Opportunities Opportunities to Earn At KPMG, there is no such thing as Additional Pay Based on A Matter of Family “one size fits all” training. From traditional Personal or Firm Performance We strive to offer a wide variety classroom training to the latest in eLearning KPMG offers a unique variable pay-program of programs that meet the needs opportunities on CliX, our online learning called the Profit $haring and Performance of KPMG families, including parental leave, management system, KPMG people have Plan (P$P), which shares a portion of the maternity income benefits, paid paternity leave, access to a broad suite of integrated learning firm’s net income growth with employees. and adoption assistance of up to $20,000. opportunities. In addition to our internal learning Last year, KPMG distributed $34 million in offerings, employees can take advantage P$P awards. We also use our enCORE of our Learning for All program. This program program to reward employees who make encourages lifelong learning by providing important contributions and who demonstrate financial support for external part-time studies. our values in everyday interactions with each other, with clients, and in the community. Recognition That You Have enCORE rewards range from gift certificates a Life Outside the Office and cash, to points that you can redeem for KPMG’s progressive People programs I Can See Clearly Now … great prizes like a Microsoft Xbox 360, are designed to help you achieve a healthy KPMG’s Total Rewards golf clubs, or resort vacations. balance between your work and your life. Statement makes it easier for you New employees are given 3 weeks (15 days) to get a clear view of the value of your rewards. of vacation time every year, while managers The statement is sent out annually to full-time and employees who have been with the employees and outlines the total dollar value firm for more than 5 years receive a total independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. of not only base pay, but also things like P$P, © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of of 4 weeks (20 days) annually. In addition, benefits, and Fitness Reimbursements. Health Benefits That Fit every employee receives up to 50 hours of Your Life personal care time each year, if required, The flexible benefits plan that to help accommodate the multiple KPMG offers allows you to customize commitments of personal, community, and Finding Focus your benefits to fit your unique needs. family life. For those people who need an All opportunities and employers Each employee receives annual Flex dollars to extended period of time-off to pursue their aren’t created equal, and what works spend as he or she sees fit on various health interests, KPMG offers sabbatical leaves for one person might not work for programs—medical and dental coverage, life, from 6 weeks to 6 months after every 3 years accident, and disability insurance, etc. KPMG another. So keep focused on what of service. In addition, throughout the year also provides the opportunity to contribute is best for you by asking specific you have access to a personal assistant pre-tax dollars to a health spending account. questions during the interview service to help with day-to-day errands and This account can be used to pay for various personal needs, saving you valuable time. process, and weigh your options expenses, including larger-cost items such as , laser eye surgery or cosmetic dentistry. before accepting an offer. This way, You can read about other People programs, In addition, a wide variety of fitness-related such as Fitness Reimbursement and you can help ensure you are joining costs are eligible for reimbursement. Community Care, throughout KPMG FIT. an organization that is the Perfect Fit for you now and in the future.
  • 14. You and KPMG. A Recipe for a Great Summer. What do you get when you start with 2 months of interesting client work, mix in some new friends, and top it off with a gourmet food fight? If you are Saira Kanakalil, an intern at KPMG’s Montréal office, you’ve got the makings of one amazing summer. or this third-year Concordia In May, Saira packed her bags for a F Commerce student, the summer of 2008 was set to be a very busy one. Saira was not only interning at KPMG training session at Mont Gabriel, a resort north of Montréal. The 3-day event was designed to prepare the KPMG, but also signed up for summer interns for the summer ahead, with classes in advanced financial topics ranging from KPMG values to accounting. “At first, I was nervous that roles and responsibilities, to how to it was going to be too much to juggle, ” interact with clients. “I liked that it was Saira told FIT. “But the firm was really really interactive. We had two managers supportive and right from the start my come in and role-play with us about manager sat down with me and worked how to handle different client situations. out a schedule that accommodated my One manager would pretend to be exams and major papers. ” really difficult or speak in a really quiet 12
  • 15. voice and we had to act out how we you are doing real client work and have would deal with this situation at an real responsibilities and accountabilities actual client site. Building strong client to your team. In some ways, having ” relationships is an important part of this much responsibility can be being a CA, so even though we were intimidating, which is why KPMG having lots of laughs, we were also managers and senior accountants are learning valuable lessons. ” there to support interns every step of the way. “At our training they make it clear The event wasn’t all training and that there is an open-door policy at the studying. In the evening, the interns had firm, and if you have a question or are the chance to get to know each other unsure of what you are doing, your better while taking part in different manager or engagement team activities like a wine and cheese tasting members are there event and a 70s disco night. “The 70s to support you. ” night was hilarious! People got really into it and there were bell-bottoms and Building strong relationships with each and managers in a very relaxed, fun curly wigs everywhere. It was a great other is an important part of life at atmosphere. Things got a little crazy ” way to get to know people better. ” KPMG. Saira also took advantage of when it was time to prepare the dessert. KPMG’s mentorship program, meeting A “chocolate fight” broke out in the Back at the office, the bell-bottoms were with her assigned mentor frequently cocoa creation room, with several put away and the interns got down to over the summer to talk over coffee or interns and more than one partner business. “Once I received my breakfast in a nearby café. Saira would getting more truffle than they had assignments, I was really excited about ask her mentor about everything from bargained for. “It was hilarious! the work I would be doing during the work to school, to career advice. There was chocolate flying everywhere! summer, remembers Saira. “I was part ” “It’s great to have someone to talk to Good thing we had those aprons. ” of the Audit team for a relatively small who has been through the exact same At the end of the event the interns went not-for-profit organization. That was a process that you are going through. home with a recipe book of all the cool experience for two reasons. First, Also, your mentor is not someone dishes they had made during the event. independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. when you are working on a large public you work with every day, so meeting © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of company, there is so much to know that with them is an opportunity to grow At the end of the summer, Saira was you have to focus your efforts on one your network. ” convinced that KPMG was the Perfect Fit area. But when you work on a smaller for her and she made the decision to client, you get to see the big picture of Throughout their time at KPMG, the join the firm full-time. Looking back, how the whole organization works. interns had the chance to meet and would Saira recommend her KPMG Second, and this is more of a personal network with people from all levels of summer internship experience? thing, I liked knowing that I was helping the firm. Mid-way through the summer “One hundred percent! It is a great out an organization that makes a really they were invited to an event at the experience for anyone considering a positive contribution to the community. ” Institute of Hotels and Services, where, CA career path. Throughout the summer decked out in chef hats and aprons, you have the opportunity to learn by Unlike some internships, KPMG people they broke into groups and were given doing, and the people at the firm are don’t spend their summer making hands-on cooking lessons. “I really liked there to support you all the way. I don’t copies or filing forms. Saira says, “The know of any place else where a student , the culinary school event because we great thing about this internship is that had the opportunity to talk with partners can get this kind of experience. ”
  • 16. FittingFitnessinto Your Schedule Staying in shape after university, when time is suddenly an issue University life can offer lots of opportunities to stay fit. There are intra-mural sports teams, easily accessible gyms, long walks across campus, and impromptu games of Ultimate Frisbee or street hockey with your friends. Entering the workforce as an intern or a full-time employee will present you with great new opportunities. It will also present you with the challenge of balancing your work and your life in a way that works for you. With all of your new responsibilities, nutrition and fitness might independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of not be uppermost in your mind, but that doesn’t mean they’re not important. So what can you do to stay healthy while working full-time? Keep moving! • Walk whenever you can. Get off transit a few stops early or park farther away from the entrance and put your feet to work. Make believe the elevator is out of service and take the stairs. Unless you’re on the 38th floor, a few flights a day won’t hurt. If possible, try biking to work; you’ll be doing a favour, not only for yourself, but also for the planet. , 14
  • 17. Thinking of joining a gym? • Great idea, but do some research before you sign on the dotted line. What are the facilities like? Are fitness classes or personal training offered? Is it conveniently located close to your home or the office (or even better, both)? Ask if the gym offers a trial membership, which will allow you to find out if the gym is right for you before you join. After all, a membership won’t help you stay in shape if you don’t use it. When you do find the right gym, KPMG offers a great Fitness Reimbursement program to help you out with the cost of your membership. Is a gym not your thing? • There are lots of other ways to stay active. Take a dance class, join a tennis club, or grab your snowboard and head for the hills. KPMG’s Fitness Reimbursement program isn’t just for gym memberships, it also covers a wide range of activities to help you financially and encourage you to stay active. Combine fitness with community • Combine a fitness activity with community involvement by joining an event for a cause. Whether cycling, walking, or running, many of KPMG’s Community Care initiatives will help get you moving while giving back. Join events for causes such as the Heart and Stroke Foundation, the Canadian Breast Cancer Foundation, and the AIDS Walk for Life. Get your co-workers involved independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of • Get your co-workers involved. Interested in a sport or activity, but don’t have anyone to do it with? Put up a notice on your office bulletin board seeking others who love to rock climb, dance, or cycle. Some KPMG offices already have groups and networks that do activities like scuba diving, cross-country skiing, and cricket. So make the first move— you’ll meet new friends, build new social networks, and stay in shape. The key to staying in shape and achieving balance is finding an activity that is a good fit for you and sticking to it. By combining , a smart exercise regimen with sensible eating habits, your desire to stay fit will stay on course.
  • 18. Been There… Aced That! KPMG’s 2008 Uniform Evaluation Honour Roll Recipients Discuss Their Experiences and Tips for Success. The Chartered Accountant (CA) profession’s Uniform Evaluation (UFE) is one of the most challenging exams out there, but it has to be to uphold the high standards of the accountancy profession. This 3-day exam tests a candidate’s knowledge, skills, and judgment, and requires months of preparation. Sounds tough, doesn’t it? But tough does NOT mean impossible, especially if you’ve got the right support independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. and some good advice from past writers. So what do you do when you have seven of the top UFE writers © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of in the country in one room? You pick their brains! And that’s exactly what FIT did when KPMG’s Honour Roll recipients were in Toronto for a photo shoot for The Globe and Mail and La Presse. They were more than happy to share their experience and pass on some advice to future writers. FIT: What were you expecting in SF – I worked with one study partner. It was FIT: You mentioned the KPMG UFE preparing for the UFE? really helpful to have another perspective preparation program. How did the Katie denBok (KD) – I was expecting to put in a when you are writing cases or questions. program help you prepare for the UFE? lot of hard work over the summer—and I was We were able to bounce ideas off of each JC – No question, the KPMG UFE prep program right! Lots of people at the firm had shared their other and see how another person would was instrumental in my success on the exam. UFE experiences with me, so I was prepared have approached writing the same question. Valentine Levina (VL) – I agree; KPMG’s program for what I was getting into. Stephanie Pankratz (SP) – A study buddy can was really helpful. It allowed me to get feedback Jennifer Chung (JC) – Having talked to past also help keep you on track and accountable. from experienced markers and access additional , writers, I knew that the preparation process My buddy and I met at a set time each day. cases. I enjoyed being marked by the UFE team would be tough. Fortunately, I had a lot of It was a great way to stay motivated because and felt they always gave constructive feedback. support from family, friends, and KPMG’s you have another person encouraging you to They were always very helpful and encouraging. UFE Committee, which helped me maintain keep working toward your goal. a positive attitude. Sarah Flood (SF) – I agree. Having a good support group around you is so important. Going into the UFE, I was expecting to spend lots of time writing questions and reviewing technical info over the summer. What I didn’t expect was how valuable the support of my study group and UFE mentors at the firm would be. FIT: Did all of you work with a UFE study group or study buddy? How did you support each other throughout the process? Sandy Chan (SC) – I had two study buddies. We worked really well together because we had similar studying styles and personalities. We supported each other by encouraging one another, venting our frustrations, and making sure we took breaks from studying to chat about other important things, like celebrity gossip! From left to right: Jennifer Chung, Sandy Chan, Stephanie Pankratz, Valentina Levina, 16 Sarah Flood, Katie denBok, and Marie-Annik Viau.
  • 19. Supporting Your Success. KPMG’s UFE Training Program KPMG will help you on your path to achieving a professional CA designation SP – While I was studying, I found that the MAV – I experienced that too. When it by providing one of the best Uniform technical notes provided in the UFE Study Binder happened to me, I tried to be objective and Evaluation (UFE) training programs in were great for brushing up on my weak areas. summarize on paper the areas I needed to Canada. Here are some of the key factors I also appreciated the personal support from improve on. At the same time, I would also that make our UFE program stand out my KPMG UFE mentor who helped keep me write down the areas I had done really well and help give our writers a competitive motivated and confident throughout the process. in, which helped me stay positive. advantage: Marie-Annik Viau (MAV) – The Study Binder FIT: It sounds like you all put an 1. National Practice Evaluations was so helpful; I was constantly reading and enormous amount of effort into Professionally marked practice re-reading the sections throughout the preparing. How did you feel when evaluations with debriefings by different stages of my prep process. you found out you were on the Densmore Consulting or by a recent Honour Roll? successful UFE writer in your local office. KD – I also found the binder to be a great KD – At first, I felt numbness. I was shocked resource. The National Practice Exams are also 2. KPMG’s Study Binder and surprised—I think I asked if they were a great way to help gather momentum as you An amazing resource for writers! sure they got the right name. When it finally approach your UFE summer, and to judge how The binder has technical summaries for independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. hit me though, I was ecstatic! © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of you perform compared to others across each competency area, which assists in Canada. The feedback provided by the markers SC – I was also shocked at first. Then, understanding the UFE and promoting was very detailed and helpful. I calmed down a bit and felt a huge sense efficient use of study time. It also features of relief because my goal first and foremost comprehensive simulations to take your SC – The Practice Exams were a great resource was to pass. Then, after the calm, I just felt studying to the next level. for me as well. I was able to get feedback from immensely excited. a number of different reviewers, and the 3. KPMG’s Study Buddy Program exams exposed me to what the UFE is like FIT: Finally, if you could give a piece of Lean on me! The UFE is challenging, but early on. advice to our readers about preparing it’s easier knowing you are not in it alone. for the UFE, what would it be? The KPMG Study Buddy program gives FIT: So what was the most challenging you encouragement, support, and direction thing about preparing for the UFE? SP – Talk to several past writers about their from a recent successful UFE writer. approach and experience. You will find that SP – The UFE was by far the biggest exam everyone’s approach and progress during 4. Compensation and Incentives I had ever written and the amount of their study period was different, and it is At KPMG, we believe in supporting our preparation required to be successful far , encouraging to hear that while some people writers and rewarding the hard work that exceeded anything I had ever been required easily improve over their study period, others goes into preparing for the UFE. In addition to do for university exams. I found getting suffer more setbacks. to offering paid and unpaid study days past the intimidation and getting started was the hardest part of preparing. throughout the UFE process, other SF – That’s true. It is valuable to talk to past compensation and incentives include: writers. At the same time, don’t let yourself SF – That’s true. It is such get too caught up in trying to find the “right” • KPMG pays all exam fees in advance a big deal that it can be way to study and prepare for the UFE. You for first-time writers hard to keep perspective need to find what works for you and combine throughout the process that with the advice from past writers and • KPMG pays all student fees, initiation and not become experienced professionals. fees (upon qualification), and annual overwhelmed by the CA dues idea of the UFE. MAV – Discovering your own study style really helps. For me, it was important to find • KPMG’s Incentive program provides VL – Also, it is balance in my summer, so on sunny days I bonuses and prizes for exceptional challenging would study in the park. In the evening or on exam results sometimes to stay weekends, I would always find time to relax motivated when • KPMG’s national marking policy and not think about studying. It helped you are writing encourages and supports employees reduce some of the stress that can build up cases and not to become provincial exam and UFE over the prep period. getting the results you markers, leading to knowledgeable want. When this happens, JC – When it comes right down to it, the best in-house staff it is important to take a advice I can give is to have confidence in • CA candidates receive a $2,000 step back, take a break, yourself, never give up, and stay focused. accreditation award upon passing and then debrief it properly In the end, hard work pays off! the UFE. instead of giving up.
  • 20. Lunch Break! Picture this: It’s the night before your first day of work with KPMG. You’ve got your clothes laid out, your route to the office planned (and timed!), and you’ve read and re-read the information in your offer package so many times you could recite it by heart. You are ready to go! But wait. What about lunch? Should you bring it with you? Buy it there? Where will you eat? What will you get? To help you plan your lunch break, we asked KPMG people from offices across the country: What is your favourite lunch spot? Marie-Michèle Cloutier, Senior Accountant Montréal Office Favourite Lunch Spot: KPMG Lunch Room F or lunch I like to do what lots of other people here do—stay in the office. The Montréal office has a really nice modern lunch room with lots of windows and natural light, so I usually eat my lunch there. It has microwaves, a high-tech coffee maker, and a flat-screen TV, which allows me to catch up on the news of the day. Some people will buy food and independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of bring it back to eat, but I really like to cook, so my lunch usually consists of leftovers from whatever I made the night before. The lunch room is also a central meeting place, which is great because when you are working you don’t always get to see your friends from different practice areas or functions. Lots of people I went to school with also work at KPMG, so we will often meet for lunch and catch up. Pardeep Singh Gil, Manager GTA – North York Office Favourite Lunch Spot: The Miller Tavern T he Miller Tavern is probably my favourite place to head for lunch. It’s walking distance from the office, which is great, and it is on the subway line, making it a central meeting spot. The building itself is actually a historic site—built in the , 1800s as an inn for people travelling along Yonge street to Toronto. What I like best is that the restaurant has two areas— a more formal dining room for when I have a client meeting, and a casual area for when I am there with friends. When the weather gets warmer and they open up their large patio, you are almost guaranteed to run into a KPMG colleague or two sitting outside and enjoying the sunshine. 18
  • 21. Robin Yong, Staff Accountant GVA and Burnaby Offices Favourite Lunch Spot: Outside! I try and eat my lunch outside whenever I can. Whether I am at the office or away at a client site, it’s just nice to get some fresh air during your lunch break. Lots of my colleagues and engagement team members feel the same way. We’ll often all bring or buy our lunches and find a place where we can sit and eat together. When we eat in the courtyard outside the Burnaby office, I end my lunch with a trip to the Starbucks next door. A ristretto, grande, non-fat, no-foam, 180-degree, marble, mocha macchiato or an iced, black tea lemonade is the perfect way to kick off your afternoon! Denis Trottier, Partner Ottawa Office Favourite Lunch Spot: Byward Market O n the days I don’t have client meetings or recruiting lunches, I’ll often head to Ottawa’s Byward Market and grab a sandwich from Le Moulin de Provence bakery. The ham and Swiss on a croissant is a favourite of mine. The bakery has always been a popular spot with both locals and tourists, but since Obama stopped in there and bought cookies during his visit to Ottawa it has been exceptionally busy. There is always a lot of activity in the market, making it a great place to go for a walk around. I’m a bit of an outdoor sports nut—skiing, mountain biking, snowshoeing—so after I eat, I’ll often stop into the sporting goods stores in the area and check out the latest gear. Alex Beis, Manager Edmonton Office Favourite Lunch Spot: Scotia Place Food Court I know it sounds a little odd that my favourite place to go for lunch is at a food court Chinese restaurant, but that’s only because you haven’t tried it! My co-workers introduced me to Chicken for Lunch a few years ago and now I am hooked. I’m not the only one either—if you don’t get there early, expect to be waiting in a line-up 60 people long. So now a group of six of us from the office go down about once a week to get our fix of the spicy chicken. The food court is right downstairs from our office, which is great because during an Edmonton winter you don’t want to be going far. The tradition is going to come to an end in June though—I am starting my paternity leave, so for the next 3 months my favourite lunch spot will be at home with my 9-month old son. Can’t wait! independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of Grace Fung, Senior Accountant Calgary Office Favourite Lunch Spot: Stephen Avenue A bout two blocks away from the Calgary office is a street called Stephen Avenue, and it is definitely my favourite place to go for lunch. There are a ton of restaurants to choose from, lots of them with great outdoor patios where you can sit and watch the world go by. Stephen Avenue is where I take the first-year accountants I am mentoring for our mentor lunches. It’s a fun atmosphere and it’s good to get out of the office and spend some one-on-one time discussing things like the UFE or how they are finding the work so far. Right now, my favourite place on the street is Divinos—they make a mean cheese plate! ,
  • 22. Get a art d St eer Hea Car Y ur in o re you w ant to go in your career? whe Do you know ****************************************************************************************** Do you have what it takes to be a leader in a prominent firm like KPMG? If so, why wait to kick your professional life into high gear? KPMG’s student-focused programs give you the opportunity to get a head start on an amazing career. ******************************************************************************************* independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of Ace the Case Workshop Outline Ace the Case Day One Ace the Case is an interactive 2-day workshop The first day of the workshop is like a case-writing boot camp, designed by KPMG professionals to give first- and but without any push ups or laps to run. The session covers critical skills, including the basic approach, outlining, ranking of second-year commerce students an opportunity issues, and quantitative analysis. The day ends with participants dividing into groups to analyze their own unique cases. to improve their case-writing, analysis, and presentation skills. Participants have the chance Day Two Once you’ve got the case-writing fundamentals down, day two to learn from some of the best in the business focuses on presentation and debriefing skills. Participants work in groups to develop a solution to their cases and then present while networking with other university students their findings. The knowledge, skills, and confidence you gain and local KPMG contacts. over these 2 days will be invaluable in both your professional , and personal life. 20
  • 23. Fast Forward Audit 1 KPMG’s Fast Forward (FF) program is an Audit 1 is a 5-day international training program interactive training program and valuable learning available to a select number of full-time new hires experience that provids you with the tools you need who start with KPMG in the fall and are interested in to enhance your leadership skills. Each year, the program launching an international career right from the start. offers about 150 students from universities across North Participants get to experience first-hand what it means to America the opportunity to meet and network with KPMG be part of a truly global organization as they learn from top professionals from the US and Canada, while providing instructors from KPMG member firms around the world. information about the firm and the public accounting Learning side by side with new hires from across profession. FF is an excellent way for you to get an inside North America and Europe will give participants a chance look at a career with KPMG, while building key skills that to start building an international network of colleagues can help you in many aspects of life. (and friends!) that will last long after the conference Students who believe that they have what it takes to has wrapped up. succeed in this industry, and are eager to gain some insight Last year’s conference took place in Athens, Greece, and from KPMG professionals, are strongly encouraged to was a huge success. This year’s session will be in Rome, apply to FF The event takes place in Hollywood, CA, where . Italy, where participants will have the opportunity to participants will have a chance to have some fun while experience the country’s rich history, food, and culture, getting an inside view of life at a Big Four firm. all while getting a jumpstart on their careers. ity me opportun is a on ce-in-a-lifeti “ Fast Forward hat K PMG is all ab out: committe d “ Meeting KPMG people from all over the world to discover w g to provide the at Audit 1 gave me a glimpse of how ate people strivin many and passion their clients opportunities exist through the firm ssional standards to . It wasn’t highest profe perience is just a chance to network and make and comm unity. The ex friends, ith especially w it was a chance to see that the ski truly un forgettable, f lls I d backdrop o will develop over the next few yea the cra zy, fast-pace rs will give me the opportunity to tak Hollywood, C alifornia. ” my career international. e ier ” Patrick Merc Fast Forwar d Participan t Kevin Baldwinson KPMG Staff Accountant and Audit 1 Participant ********************************************* independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of Think You’re Ready to Ace the Case? her Audit 1 To apply to take part in the Ace the Case program, look out for You can see Kevin and ot eir experience participants talk about th advertisements at your university or in your career centre to find out if the program is taking place in your local office. Also, keep nel, checking for the Ace the Case posting on KPMG’s YouTube Chan GFIT. and to ensure that you don’t miss out on this great opportunity. Being able to participate in KPMG’s Ace the Case was a great learning experience. Not only did we get a taste of what the UFE is all about, we met so many great people from all levels of KPMG. I had the opportunity to speak to senior accountants, managers, partners, and even the CEO! , Alice Ma, Student, Schulich School of Business, York University
  • 24. KPMG Enterprise Enters the Dragons’ Den KPMG EnterpriseTM is focused on helping Canadian private companies succeed. O ur advisers’ knowledge and With Canadian entrepreneurs pitching diligence is critical to the success of our experience starts with accounting business ideas to major league investors, deals in the Dragons’ Den, explains ” and tax, and extends to many other Dragons’ Den is an excellent opportunity Dragon Arlene Dickinson. “We are really areas, including financing, performance to demonstrate that KPMG Enterprise is pleased that KPMG Enterprise will be measurement, succession planning, “your private company adviser. KPMG ” working alongside us this season wealth preservation, and more. Our Enterprise people working on the service providing this key knowledge—their dedicated teams of experienced advisers delivery team will have the opportunity reputation is unrivalled. ” across the country have the skills to help to make a real difference in the success independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. You can watch the upcoming season of © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of businesses grow and succeed. of these endeavours, while gaining Dragons’ Den this fall on CBC television. valuable work experience and becoming In 2008, KPMG Enterprise entered into trusted advisers to some of Canada’s an exciting arrangement with the CBC well-established and up-and-coming to provide all facets of due diligence, entrepreneurs. transaction-related services, and other professional services to the Dragons for In addition to providing professional Season 3 of the CBC television program services to the show, each of the Dragons’ Den. After an incredibly Dragons—Arlene Dickinson, successful strategic partnership, KPMG Robert Herjavec, Kevin O’Leary, Enterprise will once again be in the Den Jim Treliving, and W. Brett Wilson— for Season 4. are all clients of the firm. “Reliable due , 22
  • 25. KPMG’s Audit practice is an exceptional place to build your career. We serve many of Canada’s largest and most prestigious blue-chip companies, as well as high-growth, entrepreneurial businesses. As auditors, we perform a high quality of work in order to uphold the public trust in the companies we audit. By building strong relationships with our clients, we gain an understanding of their business drivers, collaborate with them on challenging issues, and help them pursue their strategic objectives. Working with our teams will give you the opportunity to learn from among the best and brightest in our industry. Peter Doyle – Canadian Managing Partner, Audit When you join KPMG’s Tax practice, you can take your career to the next level. There are so many opportunities for talented people to gain new skills and experience. Tax is constantly changing and independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. developing in Canada and around the world, with © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of new challenges arising each day. A career with the firm’s Tax practice will prepare you to meet these challenges head-on by allowing you to provide value to your clients while growing as a professional. Greg Wiebe – Canadian Managing Partner, Tax Advisory is an exceptionally collaborative practice, making it an excellent career choice for people-focused professionals. We work in teams with people from across the firm to deliver outstanding value to KPMG’s clients in areas affecting Growth, Governance, and Performance. A career in the Advisory practice will not only develop your technical skills and knowledge, but also help grow your relationship-building , abilities and put you on the fast track to success. John Herhalt – Canadian Managing Partner, Advisory
  • 26. KPMG’s Audit practice plays a key role in helping to build and maintain the credibility of independent reporting for today’s capital markets system. But what does that mean for those just beginning their accounting careers? From a career standpoint, starting out as a professional in KPMG’s Audit practice can be the first step into a world of career opportunities. It’s a fast-paced world where young professionals can hit the ground running, using their analytical skills and knowledge to help today’s leading companies understand and meet evolving financial reporting standards and regulations. What’s more, it’s an environment where new auditors can get their careers off to the right start, thanks to the latest tools, methodologies, and resources KPMG provides to help them keep pace in this all-important business arena. Tax today is about much more than just getting the numbers right. It’s about understanding the long-term impact of tax decisions. It’s about keeping on top of local and global trends in tax regulation and administration. It’s about helping companies and entrepreneurs benefit from the value of our firm’s tax knowledge. For tax professionals who can think past the present, see beyond borders, and deliver long-lasting value, there has never been a better time to be part of KPMG’s Tax team. A Terrific Team With KPMG, you’ll have a variety of interesting and challenging career paths ahead of you. At each step KPMG’s Tax practice is there with you: • Helping you achieve your professional CA designation, through financial support and our mentoring and peer-study programs independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of KPMG’s Advisory practice helps companies better understand and manage the vital relationship between strategy and execution in areas of Growth, Governance, and Performance to drive sustainable results. To do this, KPMG’s Advisory professionals work as a team to deliver a variety of services designed to provide trusted advice to help clients achieve sustainable value. For new advisory professionals, this translates into a world of ways they can use their skills and increase their knowledge while helping companies to: • Strengthen governance, reporting, and internal controls to build stakeholder trust • Achieve early identification and assessment of risk and control issues that can affect performance • Enhance efficiency and effectiveness of key business processes • Provide informed, effective responses to existing and proposed regulatory requirements, , including geographic- and industry-specific issues • Enhance the selection and execution of strategic transactions to preserve and create long-term business value. 24
  • 27. An Audit Methodology That A Chance to Tap into a World of highly experienced senior-level professionals Raises the Bar Resources mean more opportunities for those starting KPMG’s Audit Methodology (KAM) combines Another advantage to working in KPMG’s Audit out to develop the skills, knowledge, and a rigorous approach to audits with robust practice is the ability to tap into the global relationships they need to keep climbing technology, which translates into high-quality network of member firms. This means being the career ladder. This all adds up to make audits for our clients and a sound, consistent able to reach out to individuals around the KPMG’s Audit practice a great place to approach for KPMG member firms’ auditing world for their in-depth knowledge in such start—and build—a career. teams around the world. KPMG offers auditors areas as tax, forensics, information risk an enhanced and automated platform that management, valuation, and more, as well provides a suite of technology tools specially as for their extensive experience in today’s designed to help them make the most of the leading industries. This multidisciplinary firm’s proprietary methodology. approach and access to a wide range of • Encouraging you to gain experience in they face. Among the specific services that • KPMG Enterprise™Tax Services: various tax disciplines, with plenty of make up KPMG’s Tax practice—and from Address the financial, tax, business, flexibility to move into the areas of the which new tax professionals can choose to and compliance issues that private profession that are right for you begin their careers—are: companies and owner-managers face • Providing opportunities for you to grow • Canadian Corporate Tax Services: Advise in their daily operations. through technical training and enhance organizations of all sizes on managing • Indirect Tax Services: Consult on a your skills as you progress to new levels corporate taxes, planning for mergers and wide range of compliance and provide in your career acquisitions, and understanding the tax planning advice regarding retail taxes, • Offering transfer opportunities within implications of the new International including the Goods and Services Tax (GST) Canada and around the world to help you Financial Reporting Standards (IFRS) and various provincial sales taxes. build your knowledge, experience, and coming to Canada. professional network. • Global Tax Services: Consult with When you join the Tax team at KPMG, you’ll multinational companies on global and develop and grow as a professional, closely cross-border tax issues. advising our clients about the challenges independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of Here are some of KPMG’s services that Risk and Compliance: We help organizations today’s professionals can choose from to assess and manage their critical business risks begin their Advisory careers: by providing structured risk assessment Transaction Advisory: We help companies frameworks, thereby helping to create resilience grow and enhance shareholder value by in the organization’s systems and controls. providing strategic advice to help them assess Our professionals help uncover the facts and and manage the complexities of a transaction. create clarity when people and organizations Operations Improvement: We help create do not agree, or where financial and business and enhance business processes and systems behaviour does not comply with expectations. to overcome barriers to business productivity, thereby growing sustainable business value. ,
  • 28. C ommitted to Our ommunities Building valuable relationships in the communities where we live and work One of KPMG’s core values is that we are committed to our communities, and with almost 5,000 people in 32 offices across the country, we are in a position to make a real difference in the cities and towns in which we do business. From volunteering and fundraising, to “greening” our office space, KPMG people are getting out, getting involved, and having some serious fun while they’re at it. Check out some of these cool initiatives that our local offices have been up to over the past year! Vancouver When an invasive species is taking over and smothering BC’s natural vegetation, it’s time to call in the GVA summer interns to help out. Working with Ivy Busters, part of the Stanley Park Ecology Society, 35 interns got involved, removing invasive species from Burnaby Lake Park, making it safe once again for native plants to grow. The group then celebrated their victory over the eco-intruders with a game of Ultimate Frisbee. Regina Last summer, 33 people from KPMG’s Regina office Calgary traded in their laptops for tool belts and took part in a Habitat for Humanity build. Never ones to shy away March and April is a very busy season for KPMG people (can you say from hard work, the team was swinging hammers, tax time?), and sometimes you need a little treat to get you through the hanging drywall, and insulating the attic. Three of the day. That’s why each year KPMG’s Calgary office runs a Juvenile more handy KPMGers even got together and built a Diabetes Research Fund (JDRF) “store” on each floor of the downtown veranda at the front of the house. Those who office. The stores run on the honour system and staff can drop in at any weren’t so versed in home improvement did time to buy snacks, with all proceeds going to JDRF. This year, the store their part by picking up brushes and painting raised almost $2,500 in funds. That’s some hungry accountants! their hearts out. 26
  • 29. Being a Community Leader KPMG values the relationships we have with our local, national, and global communities. This is why we have developed The Community Leader strategy as part of our overall 5 year business strategy. The Community Leader strategy Montréal translates the passions of our people into The Montréal office’s Environmental leadership in our communities and our Committee is helping to ensure the profession. Our goal is to stand out and office is thinking, acting, and going be recognized as the firm that makes a green. The 16-member committee is difference in each community. KPMG’s focusing its efforts on issues such as strategy has the following objectives: reducing waste and lowering carbon emissions. So far, the committee has • Community Impact – Make the most of increased recycling in the office, the skills, knowledge, financial resources, spearheaded a bike-to-work program, and passions of our people and our firm and is holding a Green Lunch Hour to make a difference in our communities session to educate employees about Halifax • Engage Our People and Excel in the community-sustained agriculture. Community – Actively mentor, support, Très bien! Each year, members of KPMG’s Halifax and create opportunities for KPMG people office lace up their walking shoes and to excel in their community leadership get ready to take part in the MS Walk. roles, while providing them with the skills, The walk is 5–8 km long, starting at Dalhousie University and winding its way time, and financial support to pursue through the streets of Halifax. The KPMG their passions team calls themselves “Counting on a Cure” • Celebrate Success – Celebrate our people (counting … a-counting … get it? CAs can be and their many community involvement punny too, you know!), as money raised achievements from the event goes to fund research in search of a cure for Multiple Sclerosis. • Leverage Relationships in the Community – Last year, team members were able to raise Encourage a strategic approach to our over $7,000 in pledges, and they are hoping community involvement initiatives and to beat that record this year. financial contributions to ensure that we are supporting the passions of our people and our firm • Reduce Our Environmental Impact – Implement the action plan set out in our Environmental Performance Initiative (EPI) to reduce the firm’s overall environmental footprint. independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. Beth Wilson has been named the Canadian © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of Managing Partner of Community Leadership, accountable for ensuring KPMG leverages the skills, knowledge, financial resources, and passions of our firm and our people to make a positive impact in our communities. Toronto In addition, KPMG has also appointed a new National Director of Community Leadership, Who knew growing a moustache could raise so much money? Tania Carnegie, to spearhead the strategy. In November 2008, several partners, managers, and staff in the Both Beth and Tania are active volunteers, GTA’s Audit practice participated in “Movember,” a fundraiser for supporting worthwhile organizations such the Prostate Cancer Research Foundation of Canada. From November 1 to 30, the men on KPMG’s “Mo Bros and Sistas” as the National Ballet of Canada and Habitat team grew mustaches to raise funds for the foundation. for Humanity. , , By the end of Movember, the team raised a whopping $36,773, placing fourth overall in Canada in terms of money raised, and 12th in the entire world! Way to grow!
  • 30. Fashion Wear-Withal Gone are the days when sweat pants and tank tops would take you from the dorm to class to hanging out and back again. When that alarm clock goes off and you’re standing in front of the closet wondering what to wear, the idea of a work wardrobe suddenly hits home. The challenge: How to dress right for work without sacrificing your personal style or running up your credit card bill. Which basics are worth paying a bit more for? Which trends will only last a season? The key is buying a few basic colour palettes and getting separates to mix and match. Starting from scratch? Think quality, not quantity. Start to build your wardrobe with some smart, affordable basics. Depending on where you work, black and neutrals accented by splashes of colour, are a great start. Don’t feel you have to fit some cookie-cutter corporate image; instead, be yourself and let your personal style shine through. 28 © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of , independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.
  • 31. Business Basics For men, some suggested starters: 1 At least one good suit. Black, dark grey, or navy. 2 Grey or tan trousers. Neutral pants work well with almost all colours of shirts and jackets. Dress for Success 3 Dress shirts. White or light colours, or even Without the Stress stripes, all work well with suits and blazers. 4 Dress shoes in black or brown. To keep them Today’s smart companies recognize the value of looking new, pick up some shoe polish for quick letting people express their individuality while still touch-ups. presenting a business face to clients. For example, KPMG has a “Dress for the Occasion” policy, which 5 Striped or small-patterned ties. Bold ties can work, but make sure they are a good fit. You want people to means just what it says—KPMG people consider remember you, not your tie. where they’ll be going and who they’ll be meeting in the course of the day and dress accordingly. If you are in the office all day, business-casual attire works. With work-wear policies, like KPMG’s “Dress for the If you are heading to a client site, consider that Occasion,” dressing for work can be fun. However you organization’s culture and dress code. When you are accomplish it, finding good-fitting, appropriate fashions that not sure, remember that it is always better to be work without worry will get you out the door and let you overdressed than underdressed. concentrate on what’s really important your new career! — Choose attire that gives you confidence and comfort, but always remember to maintain a professional For women, here are some image. For women, this could mean well-cut suits, tailored tops, sensible shoes (leave the 4-inch heels wardrobe quick starters: at home), and light makeup. Casual alternatives include sweater sets, turtlenecks, and skirts or well- 1 A good black pantsuit. Straight-leg trousers and a classic jacket that can be cut pants. Jewellery is a great way to bring your worn together or as separates. personal style through, as long as it doesn’t overwhelm. Avoid clothing that is too tight 2 Dress pants in a neutral colour. Maybe one solid or shows too much skin. pair, another with a pinstripe or subtle plaid pattern. For men, a conservative suit and tie, matching 3 Button-up shirts. Look for ones with a little stretch; they are more comfortable and reduce the need for socks, and dress shoes are always a safe bet. ironing (always a plus!). For non-meeting days, casual shirts with collars, golf shirts, sport jackets, or sweater vests are all 4 A skirt. Knee-length in a neutral colour that you can acceptable. The key is to look put-together and pair with brighter tops. casual, but never sloppy. 5 A more casual jacket (not denim) in your favourite colour. 6 Shoes that mean business. A pair of good-looking pumps or boots. These items can be mixed and matched to create the basis for a great professional wardrobe. Accessories are a fun way to incorporate the latest trends without breaking the bank. Let your own style shine through with colourful scarves, bold necklaces, and cool coats.
  • 32. Standing Out from the Crowd KPMG strives to be “The Envy of the Professional Services Firms.“ To achieve this goal, we need the perspectives, ideas, insights, and experiences that come from a diverse workforce. To truly stand out in Canadian business, you need a strong team that mirrors the diversity of the society itself. KPMG knows this, and so do our clients. The energy, creativity, and adaptability of our diverse team give KPMG and our clients a competitive advantage in an increasingly globalized market. At KPMG, encouraging diversity in the workplace is all about independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. celebrating our differences and bringing out the best in every © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of one of us. Our goal is to ensure we have a workplace that is Standing Out from the Crowd inclusive of all our people. If we work together, we can achieve this goal and, in doing so, create a workplace where everyone For the second year in a row, KPMG was chosen has the opportunity to succeed. as one of Canada’s Best Diversity Employers for 2009 and as one of the Best Employers for New Canadians for 2009. These awards recognize the efforts of all KPMG people, led by the Diversity, Equity, and Inclusion team, who work together to make the firm an inclusive organization. We are a team that values and respects the opinions and contributions of all , our members because we know that talented people aren’t all cast from the same mould. 30
  • 33. Networks and Clubs One way KPMG puts its diversity philosophy into action is through its networks and clubs. Networks provide a forum for conversation, meeting new people, and encouraging the next generation of leaders to stand up and be counted. Some of KPMG’s networks include: pride@kpmg Women’s Interchange KPMG’s Lesbian, Gay, Bisexual, and Trans-identified (LGBT) network was started to support and advance the needs of Network (WIN) lesbian, gay, bisexual, and trans-identified people at the firm. The pride@kpmg network recently strengthened its The purpose of the Women’s Interchange Network (WIN) relationship with the LGBT business community through is to strengthen internal networks and provide mentoring its partnership with Pride at Work Canada, a workplace in support of women across the firm. KPMG has held advocacy group. KPMG is one of 15 corporate partners successful WIN events in major cities across the country, participating in roundtable discussions, workplace including sessions on volunteerism, personal finance, advocacy, and networking events across Canada. and generational differences in the workplace. WIN includes a chapter that focuses on emerging women leaders in I think the network is important for a number of Information Technology Services (WIN ITS). reasons. It provides support for anyone who may be apprehensive about coming out, and who may be WIN helped me realize that the key to being a successful wondering how that may affect their day-to-day life. professional woman is to not set any limits on what you We provide mentoring and support for anyone who can do, and that it is not about being a man or a woman has questions or concerns. but about having good support networks to help you Corey Rosen, Senior Manager and pride@kpmg grow within the firm. network member Inka Bari, Manager, Advisory, and WIN member Other KPMG Networks The East Asian • International Club – Assists new Canadians and international Network (EAN) secondees in acclimatizing to Canadian business and culture. • Parents of Children with Special Needs – A networking and The East Asian Network (EAN) recognizes and celebrates support group for parents of children with special needs. the diversity of East Asian cultures through networking with Join a Club. Start a Club. the firm’s existing East Asian employee base. Its focus is on Clubs are a fun way for KPMG people who share a common independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. coordinating activities that allow employees to develop © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of interest or experience to connect with each other, swap stories professionally and personally. The network also engages and information, and get together for after-work activities. KPMG employees of East Asian descent to be active and to Here is a list of KPMG’s existing clubs: build strong relationships within their communities. • Cricket Club • French Club Joining the East Asian Network has not only allowed • Scuba Diving Club • Tennis Club me to attend fun events and meet amazing people The possibilities for networks and clubs are endless. All it takes across different levels and positions at KPMG, but it is someone like you to take the initiative to start one. So start has also given me an opportunity to learn and embrace thinking about it now, because part of creating the Perfect Fit new cultures, while even helping to further explore at work is finding a fun way to express who you are and my own cultural background. connecting with your co-workers. At KPMG, the opportunities Eileen Choi, Staff Accountant/Analyst and EAN member are as diverse as the people who work for us. ,
  • 34. YOU AND KPMG. GIVING TOGETHER. Are you interested in teaming up with KPMG and doing your part to give back to the community? At KPMG, we are In its first year, “You and KPMG. Giving Together.” raised dedicated to building strong relationships thousands of dollars for four very worthy charitable between our people and the communities organizations—the Canadian Cancer Society, the Children’s in which we do business. That’s why we Wish Foundation, the Heart and Stroke Foundation, and the Canadian Foundation for AIDS Research. launched “You and KPMG. Giving Together, ” Visit the Web site to a program that allows students to go donate your points to the charity of your choice and to online and donate their 200 “points” check the results of the program throughout the recruiting to an organization of their choice. Once season. You’ll see how your school is faring across Canada and how much has been donated to your charity. donated, the points are converted to real dollars and then matched dollar for dollar by The KPMG Foundation. Are You For those who are just starting to explore volunteer opportunities, KPMG’s Community Care initiative offers a number of programs Passionate about to encourage you to get involved, including: Time-off for volunteering – Working with you to find the time to give back. Financial support for volunteering – To recognize employees Giving Back? who donate a significant amount of their time, KPMG will make a financial contribution in each person’s name. independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. KPMG Volunteers – An annual event for KPMG people to get © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of out into the community and make a difference. Committed to the Community KPMG wants to give its people the chance to stand up, To find out more about how KPMG can help you give back stand out, and make a difference in their communities. to your community, visit Each year, up to 20 KPMG employees are recognized with the CEO Community Excellence Award for making significant or unique contributions to community organizations. Every winner receives a $1,000 donation Want $1,000 for Your in his or her name to the charity of his or her choice. Favourite Charity? , Committed to the Community 32
  • 35. WANT MORE? Still have questions about KPMG and the career opportunities we provide? In addition to KPMG FIT, there are plenty of other resources available to you to learn more about KPMG. KPMGFIT.CA For more information on KPMG’s people, programs, and culture, visit Our easy-to-navigate site is a one-stop shop for everything you want to know about the firm. The site also features videos, columns from KPMG employees, and bios of all the members of our local campus recruiting teams. If you want to know about it, you’ll find it at! YOUTUBE KPMG’s YouTube Channel——is packed with videos made by KPMG employees specifically for students. From summer intern videos to UFE study tips, KPMG’s YouTube channel lets you meet KPMG people from across Canada and share in their experiences—from the comfort of your computer! New videos are uploaded regularly, so become a subscriber and stay up to date. independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. AMBASSADORS © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of Looking for a student’s perspective on what life at KPMG is really like? KPMG’s Campus Ambassadors are a great resource for first-hand information on the people and culture at KPMG. All Campus Ambassadors are former summer interns or co-op students who are ready to share their experiences and advice with you. To find out who the Campus Ambassadors are at your school, visit the Ambassadors section of our Web site for photos and bios of your Campus Ambassadors, and information on how you can get in touch with them. ,
  • 36. All About IFRS If you are considering a career in accounting, no doubt you’ve heard the term “IFRS” more than a few times. But how much do you actually know about these new standards, which will have a significant impact on the Canadian business landscape? To help you get up to speed on the basics, we’ve compiled the following need-to-know IFRS facts: What IFRS stands for: International Financial Reporting Standards What they are: IFRS are a single set of globally accepted, high-quality accounting standards. They are principles-based standards, and applying them will require greater use of professional How You Can Get IFRS judgment than Canadian Generally Accepted Accounting Principles (GAAP). Experience Who they affect: A career with KPMG is a great place IFRS will be mandatory for all publicly accountable enterprises, which include listed to start. Here in Canada, many companies and any other organizations that hold assets in a fiduciary capacity for large organizations have commenced or diverse groups of stakeholders, such as financial institutions, insurance companies, and securities dealers. IFRS may also be required for all government business large-scale projects for their conversion enterprises. to IFRS in 2011. Adoption of IFRS is far independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of more than just an accounting exercise; Where they are used: its adoption can have enterprise-wide IFRS are currently used in over 100 countries, including the European Union, Australia, implications for IT systems, business and parts of Latin America. Along with Canada, a number of countries are moving to adopt IFRS by 2011, including China, Korea, India, and Brazil. In fact, there is speculation processes, and budgeting. We have a that the United States may move to IFRS as well. number of significant IFRS advisory projects underway, which will continue When the changeover is happening: through to early 2012. At KPMG, we have On January 1, 2011, IFRS will replace current GAAP for publicly accountable enterprises created tailored IFRS learning programs in Canada. for our people, and our IFRS assignments Why Canada is switching: provide exciting and challenging Capital markets are far more global today than a decade ago, and IFRS is quickly opportunities for our teams to use their becoming the common global accounting language. Using one common global set of related skills. standards will help ensure the reliability and consistency of financial reporting around the world, while also eliminating the confusion caused by different national accounting , standards. In Canada, the transition to IFRS will help Canadian businesses stay competitive in the global capital markets. By increasing access to these markets, IFRS can reduce the cost of capital and provide more business opportunities for Canadian companies. 34
  • 37. KPMG’s on YouTube! Learn more about KPMG by visiting us on UFE Advice YouTube at independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of Intern Experiences Have a question about KPMG? Global Training Programs E-mail it to us at and you may get a video response! ,
  • 38. Reach New You and Heights KPMG KPMG believes in supporting people to help them achieve their goals and reach new heights in every aspect of their professional lives. This is why we are proud to sponsor world champion freestyle skier Alexandre Bilodeau on his journey to compete for gold in the 2010 Olympic Winter Games in Vancouver. What do you want to achieve? independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved. © 2009 KPMG LLP a Canadian limited liability partnership and a member firm of the KPMG network of ,