Glossary

KPMG New Zealand

About
Our values and culture

We are proud of the culture that exists at KPMG. We put our people first; they are just as important as our clients and we encourage them to be themselves and be the best they can be.

Sponsorships

KPMG is proud to be sponsoring an award category at this year’s HSBC NZCTA Chinese Business Awards.
Topics
Infrastructure

Smarter procurement: keeping you up to speed with developments in national and international infrastructure procurement and partnering.

FATCA

The FATCA rules are wide-ranging and will require non-U.S. financial institutions, investment entities and insurance companies to report details on their US clients and owners.
Industries
Financial Services

We provide focused and practical audit, tax and advisory services to the insurance, retail banking, corporate and investment banking, and investment management sectors.

Agribusiness and Food

We understand the issues faced by agribusiness companies and can tailor solutions to meet these challenges.
Services
Research
FIPS - Banks: review of 2012

Onwards and upwards? 2012 saw profitability for many institutions improve to near record levels.

Rebuiding a 21st century city

We have a unique opportunity to plan and rebuild New Zealand’s second largest city to meet the needs of generations to come. Funding such an undertaking is just one of the challenges before us.
Careers
Experienced professionals

Bring your skills and experience to KPMG, and you’ll be given the opportunity to make your mark from day one. You’ll be involved in challenging, interesting work across our impressive portfolio of clients.

Graduates and interns

Choosing your first firm is a big decision. It’s important to us too. We need to know the fit is right for both of us.
Our partners

It is the nature of business to shorten names and titles to acronyms and to have an ever-increasing number of terms which might puzzle the uninitiated. This page offers some definitions.

Audit Committee Institute

Audit related services

Advisory

How we refer to the combination of our Risk Advisory Services and Financial Advisory Services divisions externally.

ACI. KPMG established the Audit Committee Institute (ACI) to help audit committee members keep pace with business issues related to governance, audit, accounting, and financial reporting. Since its inception in1999, KPMG has launched ACIs in 20 countries.

Audit related services

Services designed to help clients address specific issues which may relate to major regulatory or reporting changes or to the need for special expertise on accounting matters.

Basel II

International capital adequacy framework for deposit taking institutions (banks, etc)

BD

Business Development

BMP

Business Measurement Process (KPMG's audit methodology)

BPS

Business Performance Services

Business Advisory

KPMG's Business Advisory professionals advise medium sized and privately owned and managed businesses.

CA

Chartered Accountant -professional qualification awarded by NZICA

CAGR

Compound Annual Growth Rate

CAS

Capital Adequacy Standard

CEO

Chief Executive Officer

CF

Corporate Finance

CFO

Chief Financial Officer

CIO

Chief Information Officer

C-level

Top level of company executives- CEO, CFO etc

CM

Consumer Markets

COO

Chief Operating Officer

CPA

Certified Practicing Accountant

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© 2013 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International Cooperative (“KPMG International”).

KPMG International Cooperative (KPMG International) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
Chartered Accountants / Chartered Accountants NZ / Attestation Services