KPMG

About KPMG in CEE

KPMG is a global network of professional firms providing audit, tax and advisory services. We operate in 145 countries and have more than 123,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

With 4,200 staff working in 18 countries, KPMG in Central and Eastern Europe (CEE) work closely together to meet the needs of international, regional as well as local clients. Shared centres of excellence and infrastructure help to ensure a high level of client service throughout the region.

Because we believe that consideration of national characteristics is the key to any successful business venture, we offer our clients customised advisory services based on familiarity with the people, countries and economic conditions of the countries in which we do business, and we know that local developments must be seen in a larger, global context to enable thinking in strategic dimensions.

Through a worldwide network of member firms, KPMG offers clients the benefits of an extensive multinational pool of skilled and experienced professionals who possess an intimate understanding of each of their national markets.

Practices included in the Central and Eastern Europe sub-region are located in:

• The Balkans (Albania with its branch in Kosovo, Bulgaria and Macedonia)
  
• The Baltics and Belarus (Belarus, Estonia, Latvia, Lithuania)
  
• Croatia and Bosnia & Herzegovina
  
• Czech Republic
• Hungary
  
• Poland
  
• Romania and Moldova
  
• Serbia and Montenegro
  
• Slovakia
  
• Slovenia

Business Codes: Prevalence, Content and EmbeddingOur 2008 thought leadership report on risk management in global banking, produced in cooperation with the Economist Intelligence Unit, seeks to examine some of the risk management issues that potentially contributed to the global financial crisis and some of the actions being taken to prevent such a crisis from reoccurring.		Never again? Risk management in banking beyond the credit crisis For most companies, the current business environment poses a major challenge for management – and the pressures to meet expectations will likely increase. Audit committees recognise that with these increased pressures come increased risks – the increased risk of earnings management, failure to comply with legal requirements, and inappropriate staff behaviour. Essentially, a company’s ‘tone at the top’ and culture may pose critical risks to an organisation’s corporate reputation and the business itself.		Hypegiaphobia: In search of the balance between rules and trust In April 08 the white paper 'Hypegiaphobia – In search of the balance between rules and trust’ was published in The Netherlands. Hypegiaphobia stands for the fear of taking individual responsibility. The white paper, which has recently been translated into English, expresses KPMG’s body of thought regarding the negative effects of increasing regulation pressure. It also contains interviews with a number of leading and surprising individuals from various backgrounds. The white paper concludes with a call for socially committed parties to create more room for individual responsibility.		Hypegia-phobia: the fear of responsibility KPMG Netherlands organised a dialogue session on 24 June 2008 about how to find a better balance between rules and trust. The objective of the dialogue was to search with the participants for concepts and best practices for solving problems, not with new rules and regulations but with greater trust and responsibility, where the various parties are given more leeway and where the natural reflex to come up with new rules is turned in for leadership on the basis of trust.