KPMG leads LMD Auditors League for 9th consecutive year

Monday, 29 December 2014 00:08 - - {{hitsCtrl.values.hits}}

KPMG in Sri Lanka was ranked 1st in LMD Auditors League for the ninth consecutive year, auditing 41 of the LMD 100 companies in the financial year 2013/2014 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 two 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 Managing Partner Reyaz Mihular stated, “It’s an honour for KPMG in Sri Lanka to be recognised as the leading auditor servicing a number of listed companies. We are encouraged to bring global best practises to our clients, thereby strengthening the corporate sector.” The 118 year old firm was also ranked among ‘Most Respected’ entities in the country earlier this year being the only professional services firm to enter the rankings. Mihular added, “Despite our leadership status, KPMG continues to build competencies in new areas. We place great emphasis on our brand proposition, offering clients paperless audits and other advanced systems, thereby benchmarking our service levels above industry standards.” KPMG Partner and Head of Audit Suren Rajakarier stated, “It is encouraging that LMD publishes the Auditors league and recognises Sri Lanka’s top companies. Innovation has been at the heart of KPMG’s mission in responding to the unprecedented challenges, enabling us to make audit more relevant and to better serve the capital markets and society as a whole. Our investments in technology have helped us optimise cost of audit for the clients we serve without compromising on quality. We are thankful to our stakeholders who have contributed to this achievement.” He goes on to state that, “The new globally accepted auditing standards pose a challenge to implementation in the local market and consistency in monitoring by regulators has helped uplift the overall standard of reporting and we are happy to be part of the whole process of the capital market growth seen in Sri Lanka.”