KPMG demonstrates its leadership position in audit for over a decade

KPMG was ranked first for the 10th consecutive year auditing 40 of the LMD 100 companies in the financial year 2014/2015 as indicated in the LMD 100, a listing of Sri Lanka’s leading listed companies by the independent publisher, Media Services. 

The firm also led in the LMD 100 Auditors League in the previous three financial years and was ranked first in the LMD 50 Auditors League, a previous index by publishers Media Services, for six consecutive years since the inception of the publication. 

Commenting on this achievement, KPMG in Sri Lanka’s Managing Partner, Reyaz Mihular, stated that “We are delighted that KPMG has once again been recognised as a leading Auditor in the country. Hence, we feel that KPMG has a vital role to play in bringing valuable advice, expertise and experience to the critical issues that our clients face every day, ranging from the impact of new and changing regulation, to creating new business models and strategies to entering new markets.”

With a worldwide presence, KPMG continues to build on the firms’ successes through its clear vision, maintained values, and its people. Reyaz added: “Despite our leadership status, we continue to make strategic investments to develop new services and capabilities, recruit new experts and use new technology, in order to address our clients’ most pressing issues as they transform their business models and operations.”

KPMG’s Partner and Head of Audit, Suren Rajakarier stated: “This award reiterates our leadership position, despite challenging market conditions in the last few years. We are pleased to serve many of Sri Lanka’s largest and most prominent listed entities as they continue to demonstrate their confidence in KPMG, inviting us to shape their most transformative and strategic initiatives.”

Suren added: “We have made a conscious effort to continue with technical excellence and high quality without changing the way we operate and at the same time being proactive in listening to our stakeholders and embracing technology and new processes that are enabling us to make audit more relevant and to raise the bar on quality. We understand that, core to our mission as auditors is acknowledging the responsibility we have to society and the capital markets and don’t intend compromising this responsibility to compete in the market.”

In 2015, the firm was also awarded the “Best Deal Advisory Firm in Sri Lanka 2015” by The Global Banking and Finance Review for its outstanding achievements in Deal Advisory. The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry.