KPMG keeps the books in Mongolia
KPMG in Mongolia and NIMM Audit, a leading Mongolian professional services company, announced March 18 that they will align as KPMG LLC. The combined firm includes 50 local audit, tax and advisory professionals along with seconded industry experts from other KPMG member firms, and will establish KPMG as the largest service provider of its kind in Mongolia.
The move demonstrates strengthen's KPMG's ability to assist clients in Mongolia's critical growth sectors, including energy and natural resources, infrastructure and financial services. Mongolia has gained greater global attention with stock market performance that has led the world over the past decade, rapidly increased foreign direct investment and double-digit GDP growth.
"We are delighted that NIMM is joining the KPMG organization, and we are excited about the opportunities to help clients prosper in the fast-growing Mongolian economy," said Michael Andrew, Chairman, KPMG International. Andrew said there are solid growth prospects in Mongolia, driven by the vast mineral reserves and need for infrastructure development.
"Globally, KPMG has very strong energy and natural resources and Infrastructure practices, with deep experience to support the new Mongolian firm and contribute to these important projects," Andrew said.
KPMG is a global network of professional firms providing audit, tax and advisory services. It operates in 152 countries, with 145,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative, a Swiss entity. Each KPMG firm is a legally distinct and separate entity.
Investors interested in Mongolian exposure may want to consider taking a position in Rio Tinto ( RIO , quote ) which is heavily involved in mining Mongolia's chief export: copper ( JJC , quote ).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
The move demonstrates strengthen's KPMG's ability to assist clients in Mongolia's critical growth sectors, including energy and natural resources, infrastructure and financial services. Mongolia has gained greater global attention with stock market performance that has led the world over the past decade, rapidly increased foreign direct investment and double-digit GDP growth.
"We are delighted that NIMM is joining the KPMG organization, and we are excited about the opportunities to help clients prosper in the fast-growing Mongolian economy," said Michael Andrew, Chairman, KPMG International. Andrew said there are solid growth prospects in Mongolia, driven by the vast mineral reserves and need for infrastructure development.
"Globally, KPMG has very strong energy and natural resources and Infrastructure practices, with deep experience to support the new Mongolian firm and contribute to these important projects," Andrew said.
KPMG is a global network of professional firms providing audit, tax and advisory services. It operates in 152 countries, with 145,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative, a Swiss entity. Each KPMG firm is a legally distinct and separate entity.
Investors interested in Mongolian exposure may want to consider taking a position in Rio Tinto ( RIO , quote ) which is heavily involved in mining Mongolia's chief export: copper ( JJC , quote ).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
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