KPMG, an audit, tax and business advisory firm, has touted its services, saying it operates with a high sense of openness, integrity and honesty.
The firm’s partner and executive director for non-audit services Hastings Bofomo Nyirenda said this yesterday in Blantyre during a media breakfast organised to share some developments with the media.
“We act with integrity, we are open and honest in our communication. We seek facts and provide insights,” he said.
Nyirenda said despite the firm being affiliated to KPMG International, there is no foreign intervention in their work, stressing that it is just a Malawi practice.
“We follow the rules, we are responsible for paying of royalty fees to KPMG International.”
The issue of intervention and connection to other regions is critical in view of the scandal KPGM South Africa was embroiled in with the controversial Gupta family.
The South African firm, which audited Gupta accounts for 15 years, allowed a Gupta-owned company to treat a wedding as a business expense and wrote an erroneous report, but subsequently retracted it.
KPMG admitted that its South African arm “made serious mistakes and errors of judgement” and that their work fell short of acceptable standards.
In his brief speech at the event, KPMG Malawi managing partner Lamion Gama said they intend to work with the media, adding that going forward, there will more interaction with the fourth estate.
Institute of Chartered Accountants in Malawi (Icam) president Francis Gondwe, who was part of the event, said they recently launched a five-year strategic plan with key pillars touching on stakeholder engagement.
KPMG, started its operation in Malawi in 1976 and has grown to become one of the largest audit practice firms.
The firm has a number of non-audit related advisory services that include executive search, forensic investigations, outsource internal audit services, and remuneration surveys. n