1. 9/13/2015 Print
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Subject: FW: NBB Feedback for 2011 and 2012 Quarters
From: Tyagi, Harsh (hvtyagi@kpmg.com)
To: harshvardh@yahoo.com;
Date: Saturday, September 14, 2013 1:50 PM
From: Venkata Subramaniam Raju [mailto:raju.vsm@nbb.com.bh]
Sent: Tuesday, September 11, 2012 3:21 PM
To: Tyagi, Harsh
Subject: RE: NBB Feedback for 2011 and 2012 Quarters
Dear Harsh,
We had a cordial working relationship with you and your team. Your approach has been professional, client focused and logical. You have been committed and co­operative in your
approach and have a strong belief in team work. While you put across your point of view firmly, you were also patient in hearing and appreciating our point of view.
You have been very committed in meeting the agreed deadlines.
You have worked closely with me and my team during the engagement (both quarterly and annual).
As regards the technical and accounting issues, your contribution in the following areas are worth highlighting:
You have challenged and provided valuable inputs mainly on valuation and impairment of AFS securities, impairment on loans and advances. You inputs were backed by
technical text and research materials on the applicable IFRSs.
Your technical inputs on the implementation of IFRS 9 and its implications are valuable in deciding our plan for the implementation of the standard.
Your inputs on collective impairment provisioning model provided us valuable inputs in revising our in­house model on the subject.
You also gave us inputs and technical guidance on hedge accounting and effectiveness testing.
In summary I am happy with your contribution on the audit engagement and your commitment to meet client expectations. Please note that this is my personal view and need not
necessarily reflect the views of the organization.
Regards,
Raju
From: Tyagi, Harsh [mailto:hvtyagi@kpmg.com]
Sent: Monday, September 10, 2012 5:13 PM
To: Venkata Subramaniam Raju
Subject: NBB Feedback for 2011 and 2012 Quarters
Importance: High
Dear Raju,
As discussed, kindly could you please extend feedback as to how we have as an engagement team served NBB over the last one year and in terms of my client servicing,
technical competence as an Engagement Director. Appreciate your inputs.
Regards,
Harsh Tyagi
Director, Audit&Advisory
KPMG Fakhro
5th Floor, Chamber of Commerce Building
P.O. Box 710, Manama, Kingdom of Bahrain
D: +973 17222330
M: +973 32228370
Email: hvtyagi@kpmg.com
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2. 9/13/2015 Print
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