KPMG Balanced Scorecard Facilities Management

Balanced Scorecard Facilities Management
KPMG International Shared Services and Outsourcing Advisory Using a balanced scorecard to help
measure facilities management performance by Steve Silen, Director, KPMG Advisory Services For
nearly 20 years, leading organizations have been using balanced scorecards to strategically measure
the financial and non–financial performance of different operational functions within their firms.
More recently, they have begun leveraging them to measure the performance of their third–party
service providers. In the facilities management (FM) function, use of a balanced scorecard enables
companies to evaluate the performance of their external providers against multiple criteria (see
Figure 1), help set alignment and focus, identify improvement ... Show more content on
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This enables them to zoom in on specific expenses such as maintenance or energy/utilities, and have
meaningful discussions with their providers about whether their expectations are being met.
Customer satisfaction Measuring the satisfaction level of those receiving FM services is another
critical part of the process. Organizations should use a variety of methods to obtain input directly
from their internal customers, including periodic email surveys (e.g., annual/ semi–annual/upon
completion of a service), online or paper suggestion boxes, administrative assistant feedback
sessions and # of complaints received. A detailed scorecard, similar to the one in the cost category,
should be established to measure customer satisfaction. All of these are excellent ways to "hear the
voice of the customer" and identify areas for improvement. Yet care should be taken to develop and
administer surveys that capture relevant information without being a burden to complete, and that
feedback sessions do not keep participants away from their jobs for too long. Service delivery
Proper operational performance is ensured only when providers meet or surpass firms' service
delivery expectations. Thus, organizations should implement a detailed scorecard to assess service
delivery performance for each service line. For example, in the maintenance category, the detailed
scorecard may look like the example in Figure 4 on the next page and Figure 5 shows
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Kpmg Case Summary
Conducted planning meetings with key client personnel to understand risks related to the client's use
of IT, developed the approach, and discussed procedures over the scope and timing of work.
Prepared annual risk assessment to project plan to address key risks identified and affirming
KPMG's position on the entity's financial statements.
Assessed current state processes and developed solutions and applications that would minimize risks
by evaluating entity's internal control systems
Coordinated the testing of IT application controls with entity's management and review operational
risk for financial misstatement, to mitigate inherent control risks, and to ensure clients possess
adequate control environment compliant to guidelines set ... Show more content on Helpwriting.net
...
Assisted clients with identification and remediation of segregation of duties (SOD) violations using
SAP GRC.
Senior Associate, Enterprise Technology Solutions
Strategized and coordinated a firm–wide training curriculum for SAP implementation procedures
across service lines.
Organized and managed multiple teams through client–facing interviews and documentation
gathering
Assisted management in developing project plans and budget guidelines for $1–10MM project.
Completed assessments on data integrity for go–live and provided risk analysis.
Delivered in depth training analysis of accounts payable, accounts receivable, general ledger, cost
center, and SAP reporting modules.
Provided feedback to clients as part of real–time system implementation assessments, including
recommendations on future–state IT and process control gaps.
Identified and recommended automated configurations in SAP to reduce reliance on manual
controls.
Established unique approaches to successfully audit SAP systems for application and database with
no active monitoring application.
Associate, IT

Kpmg Accounting for Lease Extension
Technical Case Studies SOLUTIONS Case: Accounting for Lease Extension (Revised and updated
5/2013) Jack leases an office building from Jill. The lease is classified as an operating lease under
the guidance of ASC Topic 840, Leases. The lease does not include any renewal options upon the
expiration, but Jack is in the process of negotiating an extension of the lease. Jack proposes to make
a single up–front payment of $1.2 million to Jill in exchange for an extension of the lease at the
current rate for another 10 years. The extension would create a new lease under ASC par. 9 of 840–
10–35–4. 1. 2. Should Jack include the $1.2 million in the calculation of the minimum lease
payments when classifying the new lease? Assuming the new lease ... Show more content on
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A2: Jack should recognize the $1.2 million as rental expense along with all the other lease payments
ratably over the 10 years (lease term of the new agreement). It should initially be accounted for as
prepaid lease payments and then be recognized as lease expense over the next 10 years as par. 840–
10–35–4 states, "If at any time the lessee and lessor agree to change the provisions of the lease,
other than by renewing the lease or extending its term, in a manner that would have resulted in a
different classification of the lease under the lease classification criteria in paragraphs 840–10–25–1
and 840–10–25–42 had the changed terms been in effect at lease classification inception, the revised
agreement shall be considered as a new agreement over its term, and the criteria in paragraphs 840–
1025–1 and 840–10–25–42 shall be applied for purposes of classifying the new lease. Likewise,
except when a guarantee or penalty is rendered inoperative as described in paragraphs 840–30–35–8
and 840–30–35–23, any action that extends the lease beyond the expiration of the existing lease
term, such as the exercise of a lease renewal option other than those already included in the lease
term, shall be considered as a new agreement, which shall be classified according to the guidance in
section 840–10–25. Changes in estimates (for example, changes in estimates of the economic life or
of

Tmh(Kpmg Essay
| TMH Assignment | Spring 2010 | | Bella SongYi Wang | 3/2/2010 | Background This memorandum
is presented in order to assess the risk Triangle Manufactured Homes (TMH) is engaged in. To
assess the risk, we have thoroughly gone through the Company's annual report and selected analyses
of its financial condition and results of operations. These analyses have become the base of the level
of risks that we determine TMH is exposed of. Business Analysis According to the Company's
annual report, TMH is a business that engages in the retailing of manufactured homes. It is one of
the leading players in the manufactured homes industry, representing about 45 percent of the total
U.S. market. Operating a total of 114 retail sales ... Show more content on Helpwriting.net ...
Through the acquisitions, TMH is not only benefiting from the deepening market penetration in its
existing markets, but also from entering into the new markets. Moreover, the acquisition of
manufacturing facilities, albeit it is in the retailing business, prepares TMH for the periods when
demand for homes outpaces supply, which would mostly occur between March and October. In
order to maintain its role as a leader in the industry and to create its competitive advantage, the
manufacturing facilities are also planned to be used for manufacturing custom–designed homes that
will help satisfy customers with special needs. In addition, TMH pays more than industry average to
attract and maintain its employees, which helps the Company to stay in a leadership role. TMH has
also established its wholly owned subsidiary – TMH Financial Services Corp. to expedite
completion of credit approval processes for other subsidiaries and independent retailers. In addition,
TMH Financial will collect installment sales contracts executed at the subsidiary or independent
retailer level and sell them to third–party financial institutions with recourse. This process of selling
installment sales to outside parties is one of TMH's major sources of income. Accounting Analysis
In addition to understanding a company's business and its environment, in–depth knowledge of its
accounting policies and disclosure practices also help assess

Audit Department And Management Within Wells Fargo Essay
In the wake of the recent Wells Fargo scandal where thousands of employees engaged in the illegal
act of opening multiple unauthorized customer accounts, there has been many questions on what the
role of the external auditor should be. This analysis will review the ethics behind the actions of
Wells Fargo's external auditor, KPMG, and the actual role of external auditors in catching frauds and
the types of problems they are and are not supposed to spot. Under the principles of virtue ethics,
KPMG failed to go beyond their duties in testing to discover the fraudulent activity, thus deeming
their actions as unethical. However, because of the regulations mandated for auditors by the PCAOB
and the SEC, limited scope and reasonable assurance in testing, and the fact that KPMG had a duty
to the shareholders of Wells Fargo, KPMG acted ethically through Friedman logic. Moreover, the
responsibility should primarily be placed on the internal audit department and management within
Wells Fargo because of their failure to properly disclose the employees' unethical conduct to KPMG,
which overall reinforces the thesis.
As the business world grows more increasingly complex, external auditors must continue to remain
impartial and loyal to ethical guidelines when reviewing a company's financial records for reporting
purposes. In general, under audit rules, external auditors are required to lookout for potential fraud
and conduct a variety of checks to try to unearth it; however, they aren't

Swot Analysis Of KPMG
.COMPANY PROFILE
Vision of the Company
"To be the pioneers in the field of expert administrations and transform learning into worth for the
profit of our customers, our kin and the capital markets."
About the Company
KPMG is the overall arrangement of expert offices firms whose point is to transform affectability of
data, businesses, and business patterns into quality
KPMG came into vicinity in 1987 with the union of Peat Marwick Global (PMI) and Klynveld
Fundamental Goerdeler (KMG) and their individual part firms. Crossing three centuries, the
association's history might be followed through the names of its main establishing parts – whose
initials structure the name "KPMG."
K is Klynveld. Piet Klynveld laid foundation of the accounting firm Klynveld Kraayenhof & Co. in
Amsterdam in 1917a
P exists for peat. William Barclay Peat laid foundation of the ... Show more content on
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Helps reduce spending baseline by customers through customized, innovative methods. The practice
provides consulting services in the areas of direct, indirect and direct taxes.
KPMG
Financial Advisory Services gives proficient experiences into how organizations develop and
upgrade their shareholder esteem. KPMG Corporate Money and Transaction Administrations help
customers through all periods of KPMG a transaction, from corporate methodology to post–merger
reconciliation. The act of KPMG Corporate Rebuilding backings organizations with results
conveyance and reconstruct the certainty of stakeholders.
Strategic and Commercial Intelligence (SCI) is practical niche KPMG Transaction Advisory
Services, the significant results for strategic, commercial and operational issues that arise in the
course of the matter. The practice works with corporate and private value customers, exhorting on
business passage and development technique, market evaluation, plans of action and

Productivity and Quality
Activity Based Costing for Activity Based Management
Meiklejohn Paul, Director Management Consulting 17 February 2012
Agenda
1. What is Activity Based Costing (ABC)? 1.1 What is ABC and Why should it be used? 1.2
Traditional costing vs ABC 1.3 Activity based costing processes 2. How ABC should be used to
manage (Activity based management)? 2.1 When to use ABC? 2.2 How to use ABC for ABM? 2.3
Scoring High – Low value adding activities 2.4 Activity Based Management applications 3.
ABC/ABM implementation 3.1 Where ABC has been used 3.2 Steps to develop ABC Cost Flow
Model 3.3 ABC Implementation Project 3.3 Challenges and success factors Appendix: KPMG ABC
and Cost Optimisation tools
© 2012 KPMG Limited, a Vietnamese limited liability ... Show more content on Helpwriting.net ...
Overhead is an indirect or common cost that generally cannot be traced.
4
© 2012 KPMG Limited, a Vietnamese limited liability company and a member firm of the KPMG
network of independent member firms affiliated with KPMG International Cooperative ("KPMG
International"), a Swiss entity. All rights reserved.
1. What is Activity Based Costing 1.2 Traditional Costing vs ABC – Example
Illustrative example in a manufacturing company Company A produced two products X and Y in the
period ended 31 Dec 2011 with following information:
Product Direct material ($) Direct labour ($) Volume (units) Number of production runs Number of
machine hours X 800 150 10 2 30 Y 2,000 500 100 8 100 Total overhead ($) Machine–run costs ($)
(cost driver is number of machine hours) 3,900 Set–up costs ($) (cost driver is number of production
runs) 11,500
15,400
Traditional Costing
Overhead per unit = Total Overhead/Total number of units = $15,400/110 = $140 Cost per unit of
each product ($): Product Direct material Direct labour Overhead Total cost per unit Selling price
(20% margin) X 80 15 140 235 294 Y 20 5 140 165 206

Activity Based Costing
Allocate Overhead to Activities ($): Type of Overhead Cost pool (total costs for the period) Cost
driver (number of machine hours/production runs) Cost per machine hour/production run Allocate
Overhead to Products: Product Number of machine hours per unit Machine–run

Kpmg Was Sued
KPMG Sued by New Century Trustee Over Subprime Lender's Demise
By Sophia Pearson – April 2, 2009 00:36 EDT
April 2 (Bloomberg) –– KPMG International, which oversees the fourth–largest U.S. accounting
firm, was sued by the trustee for bankrupt subprime lender New Century Financial Corp. over
claims it failed in its role as "gatekeeper."
Negligent audits and reviews by KPMG LLP, the U.S. member firm of KPMG International, led to
New Century's collapse, according to lawsuits filed yesterday in state court in Los Angeles and
federal court in New York. The suits, filed against both KPMG International and KPMG LLP, seek
at least $1 billion in damages.
"Once an auditing firm lacks independence, then their audits aren't worth the paper ... Show more
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KPMG advised New Century to alter the way it calculated reserves for repurchasing mortgage loans
that didn't meet certain conditions, according to the Los Angeles complaint. New Century's
calculations for required reserves were wrong and violated generally accepted accounting principles,
the complaint said.
Mistakes in calculation grew to more than $300 million and repurchase requests soared to $8 billion
once New Century's true financial condition was known, the complaint said. The company could no
longer borrow money to finance its lending business and collapsed owing billions.
'Professional Standards'
"Any claim that we acquiesced to client demands is unsupportable," Ginsburg said. "KPMG acted in
accordance with professional standards in New Century, and we will vigorously defend our audit
work."
Last year, a report by bankruptcy court examiner Michael J. Missal concluded KPMG could be
accused of professional and negligent misrepresentation although the firm had possible legal
defenses to such claims. The 581–page report, unsealed in March 2008, didn't conclude that KPMG
engaged in fraud.
Thomas, the trustee's attorney, won a $521.7 million verdict in a similar lawsuit brought by a
Portuguese bank against BDO Seidman, the seventh–largest U.S. accounting firm. A jury found in
August 2007 that the firm failed to detect a fraud leading to the collapse of a client of Banco
Espirito Santo SA, Portugal's

Entry Level Search Paper
This paper will detail my search of entry level accounting potions in the northern Virginia area. I
will describe in detail my process throughout my searches, as well as the path I have taken, and plan
to take, to be able to apply for the chosen position. I started out with three similar positions in a very
similar geographic area, but ultimately chose one position that most appealed to me. This was a
rather involved process, involving searching various sources, even though most of the information
was published, ultimately, by the company itself. This is an entry level position search because I am
just beginning my venture into the workforce, and I have many plans to grow and advance from
here. My education and experiences have prepared me ... Show more content on Helpwriting.net ...
This company need not be an accounting firm, though I am definitely receptive to working for an
accounting firm. My short term goals that will help me to achieve that are as follows. First, I will
finish my Bachelor of Science degree in accounting at Frostburg State University. I then hope to
enroll in the Masters of Business Administration program that Frostburg has to offer. This is an
excellent opportunity for several reasons, the first being that it is a very valuable and sought after
certification. Secondly, it will put me at the 150 credit threshold necessary to sit for the Certified
Public Accountant exam in the majority of states. My ideal location would be in Virginia due mostly
to the political climate of the state, and the CPA requirements there are very much the same as in
Maryland. I would also definitely consider pursuing licensure in both states to increase my
competiveness, and ability to work beyond state lines. This is important because it is my final major
short term goal. If completed, these three goals will make me ready to begin my quest for the job
that I am ultimately seeking by ensuring that I am qualified and prepared for the

Kpmg 's Representation Of A Professional Career
1.0 INTRODUCTION
Company name: KPMG Int'l Nigeria
Location: KPMG has two offices in Nigeria. National office in Lagos and regional office in Abuja.
Business: KPMG provides audit, tax, advisory services and industry insight to help org negotiate
risks and perform in the dynamic and challenging environment in which they do business.
Purposes: KPMG combines multi–disciplinary approach with deep, practice industry knowledge to
help clients meet challenge and respond to opportunities.
Value and culture: KPMG reputation is crested by the way the people within the member firm's are
with clients, colleagues and their communities. People and culture: KPMG encourage people to
make sustainable difference for clients and firm's while assuming that ... Show more content on
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I prefer hands–on experience and I like to learn by being involved in new and challenging
experience. Although I can make do with the other learning styles, I prefer to learn things
practically.
2.2 Based on varks model. My learning style would be kinesthetic, which focus on the use of
experience and practice (simulated or real). I learn better and faster through concrete personal
experience, examples, practice or simulation, which includes demonstration, video, movies and
applications. If a topic is based on reality it's possible to write or speak about with ease.
2.3 Result: As a result of the being able to identify my learning styles, it will be more easier for me
to channel attention to the way I learn rather than the way I am thought. I can do this by
transforming a training method to suit my learning styles and applying it as preferred For examples,
practical learning skills can be developed by consistent practice and use of learning materials.
2.4 Consulting and training roles:
a) Approach on training role: As a trainer, I should be able to develop competency and skill sets in a
trainees to perform effectively and efficiently in the work. Motivate the trainees to learn, delete the
negative perception of the trainees regarding the training. Assess training needs. Design training
program. Plan and coordinate resources. Administer and evaluate training program.
b) Approach on consulting role: As a consultant I should be able to spend

Pr Manager, Kpmg Uk, London.
I am an experienced PR professional, having spent most of my time in B2B and technology PR.
Over the past three years, I have worked in a busy press office for a leading professional services
firm dealing, on a daily basis, with a range of journalists, both proactively and reactively. The role
has kept me on my toes and exposed me to different sectors of the business world and challenged to
me to plan and manage campaigns and achieve great PR coverage. Throughout my career, I have
built and maintained outstanding relationships with journalists and senior stakeholders, as well as
colleagues in marketing and internal communications.
Employment history
October 2013 – current PR Manager, KPMG UK, London
I started off at KPMG as a senior PR executive and after just over a year I was promoted to PR
manager. In my role, I am responsible to deliver a media relations strategy for KPMG 's technology,
media, telecoms, infrastructure, transport, manufacturing, automotive and aerospace sectors, whilst
ensuring alignment with the firm's strategy. My role involves:
Providing strategic communications advice for various sectors and functions of KPMG that I look
after. Working with partners and business development teams to identify emerging news and market
shifts which present opportunities for the practice to provide expert opinion in the media
Management of cross–sector sector issues such as cyber security, data and analytics and the Living
Wage campaign
Driving communications

KPMG Deferred Tax Issues
KPMG Deferred Tax Issues: Valuation Allowance
Issue 1: Conclude on the appropriateness of the engagement team's decision for valuation allowance.
1. Clarify Issues & Objectives
ASC 740–10–05–5 defines a deferred tax asset as:
A deferred tax asset is measured using the applicable enacted tax rate and provisions of the enacted
tax law. A deferred tax asset is reduced by a valuation allowance if, based on the weight of evidence
available, it is more likely than not that some portion or all of a deferred tax asset will not be
realized.
ASC 740–10–05–5 also states the following:
There are two basic principles related to accounting for income taxes, each of which considers
uncertainty through the application of recognition and ... Show more content on Helpwriting.net ...
Thus, a 5% increase in profit margin is not indicative of Riggers' historical data and is not a
conservative estimate.
Riggers also projects 100% rig efficiency, which assumes the rig will endure absolutely no issues,
repairs, or maintenance for the next ten years. This assumption seems highly unlikely. A more
conservative assumption would take into account the inevitable off–days of the rig and thereby
reduce the rig efficiency projection slightly.
Additionally, the engagement team's assessment of valuation allowance is based on the assumption
that the Brazil segment of operations will cease or lose profitability after the fiscal year 2021. If,
instead, we assume operations in Brazil will continue and remain profitable until further notice, the
deferred asset will eventually be used to its entirety and no valuation allowance should be
recognized. However, if the given assumption of ceased operations in 2021 stands, a more fair and
conservative representation requires an adjustment for valuation allocation.
Given the slightly optimistic nature of the assumptions surrounding profit margin and rig efficiency,
reducing both percentage values would provide more conservative estimates. If profit margin and rig
efficiency were reduced to 11% and 98%, respectively, a valuation allowance of approximately

Case Study Of Xerox, Accounting Fraud Caren Adkinson
Xerox, Accounting Fraud Caren Adkinson From 1997 through 2000 Xerox Corporation had
defrauded investors. Under the direction of senior management, Xerox masked its true operating
performance by using hidden accounting maneuvers. Xerox admitted that they had used improper
classification of revenue for 5 years. (www.wsws.org/en/articles/2002/07xero–j01.html) In which all
the maneuvers were violations of the Securities Act and GAAP. Xerox used acceleration to
recognize equipment revenue by $3 billion and increased earnings by approximately $1.5 billion.
Xerox used these techniques to meet Wall Street earnings to be able to stay on the stock market.
Investments of the 1990's were tense, many companies that didn't meant ... Show more content on
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Yoho was an auditing partner and continually failed in the audit procedure of Xerox. He did not
maintain proper documentation and due care. Yoho did not follow up on any concerns that surfaced.
KPMG gave unprofessional opinions to Xerox for 3 years. The SEC brought charges against Yoho
for his role in assisting Xerox in accounting fraud. (Journal of Accounting and Finance, vol 11(2)
2011) Yoho was censured pursuant to Rule 102 (a). According to SEC Rule 102(a) is "highly
unreasonable conduct" that results in a violation of applicable professional standards in
circumstances in which an accountant knows, or should know, that "heightened scrutiny" is
warranted. This part of the final rule amendment differs from the proposed amendment. This
provision covers a single instance of serious misconduct that may not rise to the level of intentional
or knowing (including reckless) conduct.

Australia Fraud Research Paper
Fraud costs the Australian economy approximately $3 billion annually (Standards Australia 2008),
and its frequency and financial impact continues to grow (Standards Australia 2008 ; KPMG 2008).
Many organizations are poorly prepared to prevent and detect fraud (KPMG 2009 ; KPMG 2008 ;
KPMG 2007 ; KPMG 2004). Fraud prevention is not perfect therefore, fraud detection is crucial.
Fraud detection strategies are intended to quickly and efficiently identify those frauds that have
circumvented preventative measures so that an organization can take appropriate corrective action
(Standards Australia 2008). Occupational fraud is divided in three categories. The production of
fraudulent statements is most of the time orchestrated at executive–level,

Kpmg Executive Summary
Vision Statement
We are committed to creating a working environment where people can flourish and find the
freedom to fulfill their potential. As part of our People strategy, we examine our approach to a
number of areas such as recruitment and retention, personal development, flexible working, overall
reward, people management, leadership, diversity and inclusion. Our progress in these areas is
reviewed regularly by the Board. We are committed to developing people's skills and have
implemented a number of programs to do this. Our programs ensure that our people get the right
support from talented leaders who can motivate, coach and lead by example. We want KPMG to be
the best choice for talented people and our online recruitment service helps ... Show more content on
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"That focus on growth includes a number of strategies CEOs are using in an effort to improve their
companies" which are:– 1) Formal innovation processes. 2) Mergers & Acquisition. 3) Risk
management. 4) Transforming operating models. 5) Increasing focus on customers.
Strengthening Competitive Position
KPMG was recognized as the fastest growing of the big four accounting firms in the U.S. by
recording 12% increase in fiscal 2014 U.S. Revenue; Investments in People, Services and Markets
Fuel Growth. KPMG in the U.S. posted a 12% revenue increase, to $6.9 billion, for its 2014 fiscal
year. These results capped a 12–month period distinguished by the aggressive addition of both
campus and senior–level talent; significant investments in audit quality, key services and markets;
and a surging ranking on FORTUNE magazine's list of "100 Best Companies to Work For" that
topped its Big Four accounting firm peers.[3]
KPMG has been adding to the strength of its professional team, even as it continues to create
opportunities for its people. In the past fiscal year, KPMG hired 7,000 new people, helping to grow
its talent base to more than 27,000 professionals across the U.S; while its new–partner class was
50% larger than the previous year.

Information And Learning Experience Amassed During My 6...
1. Introduction
1.1 Purpose
The purpose of this interim report is to reflect on the knowledge and learning experience amassed
during my 6 months of internship at KPMG Services Private Limited (KPMG) as a Management
Intern. It aims to provide a clearer understanding of the operational processes of the company and
department which I have been assigned to. It also seeks to update my NP supervisor on how I have
been coping and contributing as an intern at KPMG beyond the scope of modules learned in school.
1.2 Scope
1.2.1 Overview of Company and Department
The report would begin with a brief inception to KPMG's principal activities, main revenues,
locations and major clients. An organisational chart is appended to supplement the elaboration of
KPMG's structure.
Next, the report would provide knowledge to readers about Middle Market, the department I am
assigned to. Additionally, with the aid of a department chart, I will be concentrating on the key
functions and illustrate how my department plays a role in supporting the business.
1.2.2 Job Scope
In this segment, a synopsis of my role in the Middle Market department will be presented. I will
then further explain about how (insert flowchart task) contributes to the functions of the department.
Through the use of the workflow diagram appended, readers would be able to better understand the
process of (insert flowchart task).
1.2.3 Learning Experiences
Additionally, the report will exemplify on the key learning experiences

Kpmg Executive Summary
The audit function in KPMG was divided into four departments which are department Audit K, P,
M, and G respectively. Each department have its own client's base from different industries. I was
allocated in department Audit K. The basic hierarchy in department Audit K is shown below: My
internship falls within the peak period of November to May. During this peak period, my role as an
intern is to act as a source of support to my seniors. I will provide additional assistance to my
engagement team so that they will be able to focus on more crucial areas that require their urgent
attention. My duties varied when I was in the office and out at client site. During my internship, I
spent about two out of eleven weeks in the office and the remaining

Kpmg Stands For Klynveld Peat Marwick Goerdeler Essay
KPMG stands for Klynveld Peat Marwick Goerdeler, which was established in India in September
1993, and has rapidly built a significant competitive presence in the country. The firm operates from
its offices in Mumbai, Pune, Delhi, Kolkata, Chennai, Bangalore, Hyderabad, Kochi, Chandigarh
and Ahmedabad. It offers full range of services such as financial and business advisory, tax and
regulatory and risk advisory services.
In India, KPMG has a client base of over 2700 companies. The firm's global approach to service
delivery helps provide value – added services to clients. The firm serves leading information
technology companies and has a strong presence in the financial services and has a strong presence
in the financial services sector in India while serving a number of market leaders in other industry
segments.
Department Work Profile
"Audit Markets" department in KPMG, came into existence before the amendments were made in
the audit section of the company's act. Since then the department has been the key ingredient in
firm's success.
The vision of the department is to "help KPMG in attaining the largest market share in audit by
converting every target into client". Department's major focus area is "Business Development",
which is fuelled by an organized department structure, a well thought–out methodology for
approaching potential clients and building strong relationships with existing clients.
Figure 1: Work streams of Audit Markets Department
Following are the four main

Accounting Oversight Board Summary
PThe Public Company Accounting Oversight Board (PCAOB) has the authorization and duty to
inspect auditing firms to make sure they are in compliance with law, rules, and professional
standards in connection with the auditing reports of public companies. Some deficiencies noted by
the PCAOB in the inspection reports of Deloitte & Touche LLP, KPMG, BDO LLP, and
PricewaterhouseCoopers LLP are discussed in the following paper.
PCAOB Release No. 104–2016–14 Inspection of Deloitte & Touche LLP August 10, 2016
According to the PCAOB document, many audit deficiencies involving Deloitte & Touche LLP
dealt with a lack of due professional care. Due professional care is one of GAAS's general standards.
It means that the company did not plan and perform ... Show more content on Helpwriting.net ...
Testing was limited to attending certain monthly meetings, inquiring of the control owners, and
observing signatures as evidence of review of the reconciliations. They assumed internal controls
performed were sufficient and so no substantive testing of the existence of inventory at certain of
these foreign locations was performed. Since these locations had a significant percentage of the
audited companies total inventory, there was a reasonable possibility of material misstatement.
Issuer K also found a problem with KPMG's limited testing of different locations (Page 25).
KPMG failed to perform sufficient testing of net sales and accounts receivable at certain of the
issuer's locations, which represented over 35 percent of consolidated net sales and accounts
receivable. To test net sales and accounts receivable at these locations, KPMG only tested
management reports that included comparisons of financial statement accounts to those in prior
periods. KPMG did not make sure if the accounts receivable existed.
In response to PCAOB finding, KPMG conducted a thorough evaluation of the matters identified
and have taken actions to address the engagement–specific findings in a manner consistent with
PCAOB auditing standards and KPMG policies and procedures. (Response to Part I of Draft Report
on the 2015 Inspection of KPMG

Case Of Kpmg As A Public Traded Corporation
CASE OF KPMG AS A PUBLIC TRADED CORPORATION
Analyze the business–level strategies for the corporation you chose to determine the business– level
strategy you think is most important to the long–term success of the firm and whether or not you
judge this to be a good choice. Justify your opinion. KPMG is an audit, tax and advisory services
provider with offices in the U.S and numerous branches spread throughout the world. It is a global
network of independent member firms spanning 145 countries worldwide. According to KPMG
International Annual Review, (2012), it recently created a central international corporate citizenship
function that is meant to unite all the organization members worldwide with a common vision in
hope of setting pace ... Show more content on Helpwriting.net ...
Considering this case, a business level strategy that will benefit KPMG's activities in the long run is
the aspect of ensuring expansion of services. In as much as the firm operates in 145 nations, the
business environment is currently globalized and several business entities in both developing and
developed nations are in need of audit, tax and advisory consultancy services. In support of KPMG's
need to develop expansion of services it is important for the firm to identify and develop countries,
regions and cities as prospective locations for relocating or establishing new operations. The firm
also has efficient and adequate workforce who are highly talented and thus their knowledge can be
applied in support of expansion decisions (Boston College Center for Corporate Citizenship, 2012).
According to KPMG's Report (2014), for the past five years, there is a notable stable economic
growth despite the recent economic recession that was evident in several countries, especially the
developed nations. This is a basis in which we can build fundamental concerns that expansion of
services is a viable venture. Consistent growth of businesses despite low growth, low inflations and
competitive market environments, most nations are experiencing relative growth in their GDP. It

Case Study : Kpmg Tax Shelter Business
Case 1.4 KPMG Tax Shelter Business
KPMG was one of the biggest accounting firms in the 90's that with a lucrative end, would serve
wealthy companies using forged revenues in order to avoid taxes. The accountants that worked for
the firm were expected to meet certain quotas. Consequently, instead of trying to run an honest
business they were trying to maximize the sales using all kinds of dishonest marketing approaches.
KPMG employees used foreign banks as well as bogus law firm statements to preserve a legitimate
business running. This accounting firm manipulated financial data of clients, costing the internal
revenue service over 2.5 billion in lost tax revenue
The line between a legal and illegal strategy used by KPMG is hard to recognize. KPMG would hide
(shelter) money from the IRS to avoid taxable earnings. Since the financial resources of a company
are not taxed when they are being invested outside of the United States, KPMG would take
advantage and move earnings of a company to foreign banks. Technically, the unseen money was
not taxed but should have been because it was not being invested outside of the country. The earning
were falsely moved to foreign banks for the pure purpose of avoiding taxes. There was nothing the
IRS could do to acknowledge the fact that all these earnings were not in fact investments. The only
benefactors of the situation were wealthy companies and, of course, KPMG.
When the dishonest policies used by KPMG were discovered, the clients of

Case Study Of KPMG International In China
This report is an output of a project conducted for KPMG International. The objective was to design
Diversity Management (DM) policy for KPMG International in China. Adopting a formal DM
policy will enable organizations to effectively communicate the DM dimensions to their employees,
by so doing, promoting inclusive environment and organizational performance. In this case, there
will be an analysis on Western nations (UK and US) and China, bearing in mind their cultural,
political, social, demographic and economic differences.
In order for the objective of this study to be attained, the following research questions were used as
a guide:
RQ1: to what extent is the China approach toward DM compare to the Western world (UK and
United States?) ... Show more content on Helpwriting.net ...
The objective of the project was to design a policy for KPMG international operating in China. The
policy that will enables KPMG International to develop, implement and support a wide–ranging and
strategic approach to diversity management to achieve employment equity goals. To create inclusive
environment for everybody within the organization. An environment where everybody who seek
employment, career opportunities and training will feel accepted and not discourage by the system.
An environment of inclusion where everybody regardless of their diversity dimensions attributes
will feel appreciated and accepted. An inclusive environment that promote creativities, innovation
and better organizational performance. Moreover, to identify China and Western nations (United
Kingdom and United States) significant diversity management differences and approaches. To
identify and enunciate factors that would enables successful implementation of diversity initiatives
in KPMG

Case 2: Kpmg: How Many Firms? Essay
Professional standards do not allow for a company's auditors to also provide tax services and still
retain their independence. The SEC and the PCAOB have put restrictions on the nonaudit services
that a company's auditors can provide. These restrictions really limit the company's auditors to the
extent that if a firm provides auditing services for a company they cannot really provide any other
types of services. This limitation was put into place in order to maintain the independence of
auditors and the companies that they audit. If an accounting firm was allowed to provide auditing
services as well as tax services to a company, the independence, in such a case, of the firm would
not be maintained because the firm would be in part auditing ... Show more content on
Helpwriting.net ...
Another advantage is that it gives a company more options of who they want to provide services for
them. Since there is a limited number of large accounting firms, companies become limited on who
they can choose for different services once they have some services being provided by some of the
same companies. For example, if you already have your auditing services being done by Firm A and
your tax services being done by Firm B, you only have firm C or D to choose from for another
service.
While there would be advantages to allowing auditors to provide nonaudit services to their clients,
there are also some disadvantages. One main disadvantage to having an auditor provide nonaudit
services is that it makes it more difficult to maintain independence from the company. If an auditor
of a company provides nonaudit services to the same company there could be the appearance of a
lack of independence. Since independence is one of the most important factors to maintain as an
auditor, it becomes very essential to preserve this aspect of the auditing services that are being
provided. Also, a disadvantage is that it makes it more difficult for oversight of these engagements
because the different services being provided could become unclear to an oversight board. When an
auditor also provides different services to the same company that it is auditing, it becomes more and
more

Case Study Of The Global Success Of KPMG Malaysia
KPMG Malaysia established itself in Malaysian in 1928 and has become a part of the global success
of KPMG's network of firms. KPMG's operations in Malaysia has over 1,900 staff located across 9
offices and are carried out in collaboration with KPMG Desa Megat & Co.
As a single management structure for all Malaysian offices are practiced, it allows for efficient and
rapid allocation of experienced professionals wherever the client is located in the country. This
single structure flexibility allows us to effectively serve companies across Malaysia, as KPMG
Malaysia have many projects that require colleagues from different offices to work together on a
work engagement. This works under the supervision of a single nominated client partner, who has
operational control of all resources.
We have established industry groups which enable the delivery of targeted, industry–specific
experience, expertise and methodologies. The focus on industry and country–specific knowledge
helps us deliver exceptional people with an intimate knowledge of our client's specific business
issues, deep industry expertise as well as an overriding commitment towards service excellence.
Core business
Audit ... Show more content on Helpwriting.net ...
Around the world and throughout this survey, we see encouraging examples of pioneering
companies that have recognized the imperative of sustainability and created strategies and solutions
to effectively respond to the issue. For a growing number, the concept of sustainability goes far
beyond corporate social responsibility (CSR). It has become the strategic lens through which they
view their businesses. For these organizations, sustainability offers an undeniable opportunity to
gain competitive advantage, drive innovation and generate real bottom– line results. By treating
sustainability as an investment rather than a cost, they have adjusted their business models to drive
long–term change and make them more competitive in the

KPMG Business Analysis
Many individuals seek to have a career objective where they are able to maintain a position within a
professional environment and be able to contribute their personal skills and attributes to the
company assisting them to lead forward towards success. In comparison, I prefer to be working
within an environment where relationships with peers are strong and is always open when I can
continue to learn and move up the ladder. It is important to be proactive in searching for
opportunities that reflect these career objectives, which on a personal note KPMG has become a
focus for me via the excellent first impression. The company is well known within the global
economy and as a result has maintained a diversity background where employees are hired on basis
of individuality thoughts, skills, cultural backgrounds and experiences. As a result, having the
passion to explore and seek for opportunities within different regions of the world entitles myself to
be able to suit the working culture of the accounting field within KPMG. Additionally, when seeking
for employment in an accounting company and maintaining a profile in the taxation and ... Show
more content on Helpwriting.net ...
This explains that the company not only incorporates profit and growth making strategies, but are
also committed towards its community showing professionalism and wellbeing. As a result, getting
the opportunity to gain a profile in accounting field of KPMG will help increase my professional
skills and help achieve the long–term objectives. These personal objectives that can be achieved
includes being able to assist the community that I am a part of and always be out for those who
require the need. Additionally, having the flexibility to perform professionally outside the office is a
personal attribute that allows me to get a sense of achievement, and build on my working skills and
enrich

Strategies for Change
Case Study –
Ethics are moral principles or beliefs about what is right or wrong and guide individuals in their
dealings with other, within groups (stakeholders), and provide a basis for deciding whether a
particular decision or behavior is right or proper. Go online to this site and report on one case of
corporate fraud the government reported. Then write at least 350 words on the case and the ethics
violations you see took place within the company you chose: http://www.irs.gov/uac/Compliance–
&–Enforcement–News On their website, The Washington Ethical Society (2013) defines ethics as
"the elements essential to human well–being and proposes principles to be used as guidelines for
generating an ethical culture". They go on to say ... Show more content on Helpwriting.net ...
The ethics violations in this case are many, the creation of bogus tax shelters and the fraudulent
filing of tax returns being the obvious. Additionally, the case outlines that KPMG's personnel "took
specific steps to conceal the existence of the shelters from the IRS" (IR–2005–83, 2013). Later in
the case, it points out that KPMG was warned by its own tax experts and others that the tax shelters
were questionable, but the top leadership at KPMG did not heed these warnings. In other words,
KPMG not only knowingly participated in defrauding the IRS and reducing the overall tax income
of our federal government, money which could have been used for any number of services to the
people of the United States, they took steps to cover up their wrong–doing and disregarded the
warnings from experts. As a result of the investigation and eventual agreement between KPMG and
the IRS, KPMG's tax practice was restricted and they were to pay $456 million in fines. This case is
a clear example of ethics violations as it relates to tax avoidance and abuse of the law. As IRS
commissioner, Mark Everson, states in the case "We simply can't tolerate abuse of the law and
professional obligations by tax practitioners". He goes

KPMG Majestic Hotels Appendix B Sleeping Room Revenue Records
Appendix B – Majestic Hotels, Inc. Room Rate and Occupancy Records
MAJESTIC HOTELS, INC.
PROPERTY:
Asheville
MONTHLY OCCUPANCY SUMMARY REPORT
YEAR:
2011
Month
January
February
March
April
May
June
July
August
September
October
November
December
Average
Total Rooms
Occupancy
Occupied
Percent
126
150
154
162

163
159
156
162
154
186
149
118
153
51.6%
61.4%
63.1%
66.2%
66.7%
65.3%
64.0%
66.4%
63.2%
76.4%
61.0%
48.3%
62.8%
Total
ADR
$140.27
$139.29
$141.80
$140.20
$143.72
$141.90
$139.11
$141.54
$145.08
$157.36
$148.66
$137.38
$143.03
Daily Rent
$17,674.02
$20,893.50
$21,837.20

$22,712.40
$23,426.36
$22,562.10
$21,701.16
$22,929.48
$22,342.32
$29,268.96
$22,150.34
$16,210.84
$21,975.72
Appendix B – Majestic Hotels, Inc. Room Rate ... Show more content on Helpwriting.net ...
Down
Total Rooms
Occupancy
Rented
Rooms
Rooms
Occupied
%
108
125
140
131
175
170
154
139
125
137
106
119
93
112
125
137
175
108

77
98
45
69
100
120
64
52
70
47
83
148
175
113.77
15
5
15
15
11
5
5
5
9
5
9
11
9
11
5
11
11
11
15
11
9
9
9
5
5
9
5
9
11
11
15

9.39
6
8
4
6
6
4
2
4
6
2
4
6
6
2
4
4
6
2
6
4
4
6
6
2
8
4
2
2
2
2
2
4.26
129
138
159
152
192
179
161
148
140
144
119

136
108
125
134
152
192
121
98
113
58
84
115
127
77
65
77
58
96
161
192
127.42
67.2%
71.9%
82.8%
79.2%
100.0%
93.2%
83.9%
77.1%
72.9%
75.0%
62.0%
70.8%
56.3%
65.1%
69.8%
79.2%
100.0%
63.0%
51.0%
58.9%
30.2%
43.8%
59.9%
66.1%

40.1%
33.9%
40.1%
30.2%
50.0%
83.9%
100.0%
66.4%
ADR
$166.21
$121.49
$118.24
$145.29
$142.25
$150.97
$136.51
$168.14
$120.21
$114.56
$114.53
$120.62
$114.74
$114.39
$160.76
$114.27
$123.81
$115.47
$113.36
$152.69
$113.36
$131.51
$113.36
$124.01
$113.36
$131.56
$186.14
$113.36
$112.22
$144.09
$119.01
$130.02
Appendix B – Majestic Hotels, Inc. Room Rate and Occupancy Records
MAJESTIC HOTELS, INC.

PROPERTY:
Savannah
DAILY OCCUPANCY SUMMARY REPORT
MONTH:
April 2011
Date
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Average
Total Rooms
Comp.
Down
Total Rooms

Occupancy
Rented
Rooms
Rooms
Occupied
%
71
76
62
53
68
60
71
83
94
57
88
60
80
79
99
96
77
55
68
54
67
79
99
78
90
93
82
89
83
92
76.77
9

9
11
9
5
11
5
11
5
15
5
11
5
9

Essay On KPMG
KPMG was established in 1987 with the merger of Peat Marwick International (PMI) and Klynveld
Main Goerdeler (KMG) and their individual member firms. Spanning three centuries, the history of
the organization can be traced through the names of the principal founding members of the
organization – whose initials form the name "KPMG."
K stands for Klynveld. Piet Klynveld had founded Klynveld Kraayenhof & Co.– an accounting
firm– in Amsterdam in 1917.
P is for Peat. William Barclay Peat had founded William Barclay Peat & Co.–an accounting firm– in
London in 1870.
M stands for Marwick. James Marwick founded Marwick, Mitchell & Co.–an accounting firm– with
Roger Mitchell in New York City in 1897.
G is for Goerdeler. Dr. Reinhard Goerdeler ... Show more content on Helpwriting.net ...
The rapid technological development, an ever increasing knowledge workforce and the shifting of
accepted work practices is making change an ever present feature of organizational life (Burnes,
2004). While many organizations appreciate the need for change, as many as 70% of the change
programmes do not achieve their intended outcomes (Balogun and Hope Hailey, 2004). Change is
an extremely complex process that can have both negative and positive outcomes and it is important
that the change process is conducted as efficiently and effectively as possible. A number of authors
stress that the reasons behind the failure of change initiatives can be found in resistance to change.
Resistance causes costs and delays in the change process (Ansoff, 1990) that are difficult to
anticipate (Lorenzo, 2000) but must be mindfully kept into consideration. The second most
prevalent problem behind successfully managing change is the lack of inclusion and appropriate
communication which often leads to fear and anxiety among the employees. Another reason why
these initiatives fail is the lack of motivation leading to major attrition in the human capital. The
certification program is designed with a view to address these issues and ensure a smooth transition

Eass vs Ifrs Essay
EGYPTIAN ACCOUNTING STANDARDS (EASs) vs IFRSs
History
For Private Sector
For Public Sector
In 1985
IASs were informally introduced to the Egyptian market by the representatives of the big 8 at that
time.
Unified Accounting System (UAS)
In 1992
Issuance of law 95 for 1992 (Capital Market Law) imposing the use of
IAS.
Unified Accounting System (UAS)
In 1997
The 20 standards drafted by ESAA were issued by Minister of Economy in compliance with IASs
with 4 deviations
*
The preface of EASs stated that any subject not dealt with in the EASs, IASs should be applied.
Later, 3 more standards were drafted by ESAA and issued by the minister with the withdrawal of 3
standards withdrawn by IASB.
In ... Show more content on Helpwriting.net ...
EAS is silent regarding the accounting treatment for acquisitions between entities under common
control.
Capital lease
Under IFRS, lease classification depends on whether substantially all of the risks and rewards

incidental to ownership of a leased asset have been transferred from the lessor to the lessee. Under
EAS, the leased asset is recognized in the lessor books and depreciated, and the lessee recognizes
lease payments in the income statement in the period in which it is paid.
Profit sharing to employees and board of directors
Under IFRS, profit sharing to employees and board of directors is recognized when incurred in the
income statement (using the accrual basis of accounting). Under EAS, profit sharing to employees
and board of directors is recognized as a dividend distribution through equity and as a liability when
approved by the relevant company's shareholders meeting.
ESAA's standards committee started a project to update EASs to comply with changes and additions
to IFRSs. It is expected to completed this project by end of 2010.
© 2010 KPMG Hazem Hassan, the Egyptian member firm of KPMG International Cooperative
("KPMG International"), a Swiss entity. Member firms of the KPMG network of independent firms
are affiliated with KPMG International. KPMG International provides no client services. No
member firm has any authority to obligate or bind KPMG International or any other member firm
visà–vis third parties, nr does

Personal Reflection Of Employing At A Customer
Position: Property Consultant
Responsibilities include prospecting potential buyers and vendors, engaging with local solicitors to
provide information required to progress conveyances, and fulfilling the day–to–day needs of
clients. Since returning to Hunters in July 2017, I have generated over £8000 in revenue. I feel this
is due to my proclivity toward client–focused professions, despite being away for extended periods I
am able to assimilate quickly into the role and continue my function as required. Capable estate
agents rely on their personality to complete their role; I have received testimonials detailing my
"facilitating, understanding and thoughtful" approach.
Nov 2014 Jun 2016 Cooperative Food (Term–time) York, North Yorkshire No
Position: Customer Team Member
Challenges I faced in the role included overcoming language barriers and improving loss–prevention
procedures. Because of the elevated levels of tourism in York, many customers spoke little English;
to solve this issue I inputted customer's shopping lists into a translation application and was
therefore able to guide them to their required items. Shoplifting had always been an issue at the store
and, because supervisors were often unable to attend immediately, it was difficult to confront and
contain shoplifters. I worked with a colleague to develop a "buddy–system" for this purpose; within
three weeks, loss through theft became almost negligible.
Jul 2014 Oct 2014 KPMG LLP Canary Wharf, London No
Position:

Kpmg Diversity
KPMG, LLC is a U. S. corporation that specializes in corporate accounting, taxes and financial
advisory. They are one of the Big Four accounting firms in the United States. According KPMG's
home page of their website, the parent company KMPG International operates in countries around
the world and has 162,000 staff, with average annual salaries of $153,000, and total annual revenues
of $24.8 billion. This level of success does not happen randomly. As an international company,
KMPG is dedicated to diversity and recognizes the benefits of diverse staff, partners, suppliers, and
clients. KMPG's diversity and inclusion plan has an infrastructure that includes a Diversity Advisory
Board, Diversity Networks and Councils, and meaningful metrics. ... Show more content on
Helpwriting.net ...
Paid internships are offered annually each winter and summer. These internships are recruitments
through college site based events and through an on–line application process and include a strong
training program to prepare them for permanent positions. KPMG has partnered with Howard
University, a nationally ranked college primarily African–American, to create a Student Business
Executive Leadership Honors Program committed to developing leadership skills in highly
motivated minority undergraduates. They are also sponsors of the Out for Undergraduate Business,
which is a conference where KPMG representatives are able to network with lesbian, gay, bisexual,
and transgender business students. These recruitment outreach programs work. In 2014, nearly a
third of all full–time hires were ethnically diverse employees and women were more than 45% of all
full–time hires (KPMG Diversity and Inclusion Facts, April

Kpmg Case Study Essay
Using Analytical Procedures as Substantive Tests By Frank A. Buckless and D. Scott Showalter, NC
State University
Case Study: Majestic Hotels, Inc.
Using Analytical Procedures as Substantive Tests
By Frank A. Buckless and D. Scott Showalter, NC State University
BACKGROUND
Majestic Hotels, Inc., a privately–held company, has four hotels located in Charleston, South
Carolina; Asheville, North Carolina; Savannah, Georgia; and West Palm Beach, Florida that cater to
high–end business and vacation travelers. Bank–loan covenants require that Majestic Hotels, Inc.
submit audited financial statements annually to the bank. Specifically, the bank covenants contain
revenue and occupancy measures that ... Show more content on Helpwriting.net ...
While obtaining background information about the client, the staff person learned from the
Asheville hotel manager that the Asheville hotel was closed for one week in October because of
flooding. Amanda has assessed inherent risk as high and control risk as low for the existence,
completeness, and accuracy of sleeping room revenues based on challenging but improving regional
and national economic conditions and favorable control procedures associated with sleeping room
revenues. Further, after
© 2012 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the
KPMG network of independent member firms affiliated with KPMG International Cooperative
("KPMG International"), a Swiss entity. All rights reserved. © 2012 Frank A. Buckless and D. Scott
Showalter
Using Analytical Procedures as Substantive Tests By Frank A. Buckless and D. Scott Showalter,
NC State University
considering the degree of precision required and both quantitative and qualitative factors, Amanda
believes that a difference between the expected amount

Companies Don 't Understand China, Says Kpmg
EXECUTIVE SUMMARY
This essay will mainly talk about an article taken from The Australian titled, "Companies don't
understand China, says KPMG". The main challenge faced by Australia in doing business with
China is the cultural barrier, particularly the language difference. Additionally, Australia also has
limited experience with and information on Chinese business customs, in comparison with other
countries. Besides analysing the issues highlighted in the article, factors that also led to these issues
will also be discussed. This essay will link some relevant theories learned from International
Management subjects, such as Cross–Cultural Communications, Managing across Culture, and
Conflicts of Cross–Cultural Communications. Strategies such as learning Chinese language and
culture, joining the KPMG China Confidence program and increasing awareness of the ways China
prefers to conduct business will also be discussed. In the last section of this essay, conclusion will be
given.
China has one of world's largest populations and, in the last few decades, the world's fastest
economic growth. Large numbers of other major Western countries compete to invest and
collaborate with China. However, due to the cultural differences and language barriers between
Eastern and Western countries, issues often arise and can lead to conflicts if cautionary steps are not
taken. This essay will discuss some issues, causing factors, theories and strategies related to an
article taken from

Kpmg Case Essay
Rigorous or Not?: A Case of Auditor Judgment for Deferred Tax Issues Case Study
Rigorous or Not?: A Case of Auditor Judgment for Deferred Tax Issues
Jan Taylor Morris, PhD, CPA
Riggers Inc ("Riggers, "client, or "Company") is audited by Stone LLC CPA firm ("Stone" or
"auditor"). The Compa" " ny builds and owns offshore drilling rigs. Riggers is a US–based
corporation that recently expanded its operations into Brazil (the only foreign–based operations for
Riggers). As a result of this expansion, the client has encountered two complex issues related to
accounting for income taxes. During the 2012 year–end audit, the auditors must use professional
judgment with regard to these two income tax accounting issues. The first issue relates to ... Show
more content on Helpwriting.net ...
The client provided a copy of the 2011 signed, filed Brazil corporate income tax return as support
for the NOL. For the valuation allowance, Riggers' Tax Director provided a calculation, including
long–term leasing contract information with projected profit margins for each rig operating in the
Brazil. This document included forecast information provided by Riggers' Planning Group. See
Appendix 1 for the workpaper provided by the client. During the year–end audit, the engagement
team audited and signed off on the clerical accuracy of the workpaper and met with Riggers' Tax
Director to discuss the decision–making process and the judgment applied. Industry averages and
prior year margins used by Riggers would indicate the use of a 10% projected margin, however, the
client is using 15%. The client is basing the 15% on the newness of its rigs, cost savings programs
implemented including plans to leave the rigs in Brazil permanently rather than relocating
periodically, and the time they will save in drilling processes, all allowing for lower well costs. The
Tax Director indicates that Riggers is being conservative with this estimate due to all of the cost
savings effected by these plans and processes. Uncertain Tax Position The client has an uncertain tax
position in the United States related to its transfer pricing. Riggers is currently under audit by

Kpmg Sample Narrative Report
I would like to express my interest in the Staff Accountant Co–op Audit position at KPMG. After
experiencing the School of Accounting and Finance for a year and actively participating in all its
networking events, my determination towards building a professional career in the field of
accounting has never been stronger. I want and expect to be constantly challenged in my line of
work in order to progress in my existing problem solving, leadership and communications skills.
After connecting with multiple representatives from KPMG, I recognized the paramount importance
of quality, professionalism and integrity in the financial services industry and I believe my passion
for innovation and customer service will allow me to pay my contributions ... Show more content on
Helpwriting.net ...
As my passion towards innovation cultivates my personal interest in devoting time to make changes
for improvement, I spent my first semester in AFSA attending and scheduling meetings with varying
levels of the school board in hopes to identify and implement a new and efficient reimbursement
procedure for all 120 students in AFSA. Pursuant to the success of the new procedure, I was
appointed Deputy Vice President of the Finance committee to take on the task of leading 6
outstanding individuals to maintain the annual budget of $100,000 and other finance related tasks
for the upcoming term. This role allowed me to recognize my own abilities to solve both technical
budgeting and situational issues with limited prior knowledge and to take full liability for all the
work completed in the finance committee. AFSA has truly been a rewarding learning experience and
I trust my skills set and upbeat attitude towards learning and growth can be transferred into a
professional work setting as I aim to develop myself into a reputable and successful

Kpmg Future Plan
It has been such an exciting and growth filled 15 years for me academically, professionally and
personally. I am currently the Chief Financial Officer at KPMG in San Diego. I was recently
promoted to this position and I couldn't be more excited for what my future at KPMG has in store
for me. I have also recently been given the opportunity to lead a project with the goal of designing a
new financial future plan for KPMG's financial services. This project has presented great success
and I have enjoyed working with my fellow colleagues. Outside of work, I have been living my
dream in San Diego. My husband and I have recently bought our first home and adopted a new dog
from San Diego's animal shelter, an English Springer Spaniel named Tucker.

Kpmg
Question 1:
Sample space: a list of all possible outcomes of the random experiment
Event: a collection or set of one or more simple events in a sample space
Probability of an event: the sum of the probabilities of the simple events
Random experiment: an action or process that leads to one of several possible outcomes
The first step in the process of assigning probabilities is to produce a list of the outcomes. The list of
outcomes must be exhaustive, which means all possible outcomes must be included. Additionally,
the outcomes must be mutually exclusive, which means no two outcomes can occur at the same
time.
Question 2:
Consider the following events:
O= The students does not have a credit card in their own name
C= The ... Show more content on Helpwriting.net ...
The common cards is turned over, and it's the jack of spades. The probability that your opponent has
a pair is 0.33.
Given the private cards you were dealt and the common card dealt to you and your opponent, there
is a 0 probability that you win, a 0.67 probability that you lose, and a 0.33 probability of tie.
FAN'S NOTES: 0+0.67+0.33=1
Question 7: (data for this question is missing)
N= the event that the user is not a social worker
E=the event that the user sends email to friends every day
O=the event that the user doesn't send email to friends every day
FAN's NOTES: in this case, there are two categories – social worker and send email every day.
What is the probability that this randomly selected user doesn't send email to friends everyday?
(0.85)
What is the probability that the randomly selected user is not a social worker who doesn't send email
to friends everyday? (0.41) (joint probability)
What is the probability that a user doesn't send email to friends every day, given that he is not a
social worker? (0.93) (conditional probability)
Events O and N are not independent.
Question 8: 看美景还是看沙漠对于学习和旅游的影响（我上课讲过的例子）

Question 9:

Company Background Of The Company
KPMG Company Background
In 2012 the firm purchased the ONESOURCE Indirect Tax Managed Services business of Thomson
Reuters to further enhance its indirect tax compliance services. It made two acquisitions in 2011, as
well. KPMG L.L.P. bought Optimum Solutions, which provides management consulting and
implementation services to companies that use Oracle enterprise software. The move has enabled it
to serve clients with ERP and HR transformation needs. To boost capacity, the company and its UK
affiliate teamed up in 2011 to buy outsourcing advisory firm EquaTerra, adding another revenue
stream. The acquisition follows KPMG L.L.P. 's 2010 purchase of the supply chain advisory services
unit of second–tier accountancy Grant Thornton.
KPMG has been able to rebound from some past legal troubles. The drawn–out drama began in
2005 when the firm admitted to unlawful conduct in an investigation by the Department of Justice.
Former partners of the firm created abusive tax shelters for more than 600 wealthy customers
between 1996 and 2002; the unpaid taxes cost the Treasury more than $100 million. KPMG avoided
criminal prosecution by agreeing to pay $456 million in fines, restitution, and penalties. (A criminal
indictment led to the collapse of KPMG 's former rival Arthur Andersen.) A federal jury found three
ex–KPMG employees guilty in the tax–shelter trial in 2008 (a fourth defendant was acquitted).
Those former managers were ordered to pay nearly $10 million in fines and received

Report on Auditing Issues of West Point Group of...
Report on Auditing Issues of West Point Group of Industries
Table of Contents
1. Executive Summary
2. Introduction
3. Discussion
4. Audit Issues in the audit of West Point by KPMG
i. Failure to Obtain Audit Evidence ii. Failure to give appropriate audit opinions: iii. Inadequate
Fund Raising iv. Failure to identify solvency of the Company
v. Failure to follow directions of Corporate Authority vi. Expectation Gap
5. ASIC Action against KPMG & West Point
6. Conclusion
7. References
Executive Summary:
West point group of companies was an Australian based company which was carrying on
Property development business throughout Australia. For extending its business, West point
Secured loans ... Show more content on Helpwriting.net ...
ASIC took action against KPMG and its auditors. ASIC also took civil action against KPMG for
compensation of losses and recovered $67.45 million from KPMG.
INTRODUCTION:
This report is based on the history and collapse of a big Australian giant West Point group of
companies. West point Corporation Pty Ltd was the head company of the western Australia based
West point Group of Companies ("West point Group") which was primarily engaged in property
development and collecting finance for that purpose. In this report, causes of the collapse of the
company specially the role of auditors in the collapse will be discussed. This report doesn't only
throw light on the collapse of West Point group of companies but also look at the conduct of the
auditors of another well reputed auditing firm KPMG which as a consequence of this negligence had
to pay compensation for the damages caused to investors of West Point group of companies. The
reason of choosing West Point group of industries to write a report on is that it involves the conduct
of two big companies and ASIC action against both of the companies.

DISCUSSION:
West point group of companies was an Australian based company which

KPMG Balanced Scorecard Facilities Management

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