China

Internal Audit, Risk and Compliance Services 

The dynamics of today's global business environment are driving organisations everywhere to seek new ways to improve their competitive advantages. Across industries and organisations, many business leaders are recognising that risks are no longer merely hazards to be avoided but, in many cases, opportunities to be embraced. However, stakeholders also recognise that excessive risk taking can adversely affect organisations and, in extreme cases, may even lead to their collapse, as demonstrated by several spectacular corporate failures in the past few years.

Demand for high quality internal audit services has therefore grown exponentially as the global awareness of the importance of good corporate governance, effective risk management and appropriate internal controls continues to grow.


 

Internal Audit, Risk and Compliance Services worldwide

 

Over the last five years, the Internal Audit, Risk and Compliance Services (IARCS) practice has grown significantly. In February 2009, we have over 4,800 internal audit professionals practising in 45 countries providing a full spectrum of advisory services tailored to the specific requirements of clients all over the world.

Internal Audit, Risk and Compliance Services in China


The IARCS practice has been established in Hong Kong SAR for more than 10 years, as well as Beijing, Shanghai, Guangzhou and Shenzhen,in order to meet client demand for internal audit services in China and Hong Kong SAR.

 
detail webpage IARCS Service Overview (interactive and print versions) new update 

 

 

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TaxNewsFlash

Since the enactment of the Foreign Account Tax Compliance Act (FATCA) in March 2010, the IRS issued several rounds of preliminary guidance prior to the release of proposed regulations on February 8, 2012. KPMG has prepared an analysis that examines these provisions.

 

The Treasury Department and IRS released for publication in the Federal Register proposed regulations (REG-121647-10) as guidance concerning information reporting by foreign financial institutions for U.S. accounts.

 

The IRS released an advance copy of Notice 2011-53 which provides a timeline for the implementation of information reporting and withholding provisions under chapter 4 of the Code (referred to as "FATCA").