|
|
|
| . |
|
Overcoming the century’s challenges Rebounding from the difficult times that have hit the accounting industry in recent years, KPMG is at the forefront of change and actively consolidating its leadership across the globe. Auditing has been one of the hardest hit economic sectors of the past few years. The succession of corporate accounting scandals in the US and Europe, which directly lead to the demise of Arthur Andersen, has created a crisis of confidence in the services and integrity of the remaining players. Furthermore, the downturn in world economic growth has strongly impacted business.
Indeed, KPMG has pushed for the adoption of reasonable rules rather than knee-jerk reactions to the crisis. In-house, KPMG was one of the first accounting firms to separate from its consulting arm. Strict rules are in place in the fields of training, quality control, transparency and rotation of partners. Rake has been tireless in his efforts to bring KPMG out of these hard times in a leading position. With 2002 revenues of over $10 billion and 100,000 professionals in multi-disciplinary teams in 150 countries around the world, the company is looking ever more solid. From the 1st of April this year, Asahi & Co, Arthur Andersen’s auditing arm in Japan, has become a member of the KPMG international network. This highlights the importance of Japan to KPMG, and the confidence that Rake has in the future of the Japanese economy. The acquisition has created the largest accounting organization in the country as well as the largest network of Japanese speaking professionals serving Japanese corporations throughout the world. “Our role is to provide the oil for the corporate system,” concludes Rake. Under his dynamic leadership and backed by a highly-motivated team around the world, KPMG is significantly contributing to bringing the industry back on track.
|
 |
Michael Rake, chairman of KPMG International and senior partner of KPMG UK 