11 December 2017
Breaking News
Sunday, 26 November 2017 12:11

KPMG engages media in breakfast meeting

Written by  Yamikani Yapuwa

Blantyre, November, 25, 2017: Klynveld, Peat, Marwick and Goerdeler (KPMG) – Malawi on Thursday hosted the media to a breakfast meeting at Ryalls Hotel in Blantyre as a way of interacting with the media practitioners on how the firm operates and what services it offers.

KPMG-Malawi is an internationally recognised audit firm.

The firm’s Managing Partner, Lamion Gama said,“The media industry does a lot in our society, to all organisations and its citizens. So, we thought of organising this meeting to interact with them so that they should know us as to who we are, what we do and how we are connected to KPMG International.”

He also noted that the media is vital when it comes to informing companies and businesses about the importance of having their finances audited.

“As you are aware that audited financial statements are relied upon by the public, and here we are talking of people, Malawi Regulatory Authority (MRA), government and even the lenders.

“Audited financial statements show transparency, therefore, it is important for entities with a turnover of above K20 million, according to the new Company’s Act 2013, to be audited,” said Gama.

Gama further said the audit letters they issue their clients with help to strengthen their internal controls and even help to unearth fraud.

Speaking on behalf of the media, Frank Phiri of FD Communications, hailed KPMG for the interaction with the media, saying the meeting had enlightened the media with knowledge on audit and other financial issues.

“Audit and financial advisory services is a specialist area and also a very critical area of our economy.

It is important that the work that auditors and financial companies do is accurately reported.

“One way of bridging those gaps is through these interactions with journalists,” Phiri said.

Established in 1976, KPMG is seated in Amstelveen in the Netherlands and employs 189, 000 people providing services in financial, audit, tax and advisory areas.

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