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Auditing Assignment | Tax and Audit Compliance

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Added on  2020-05-08

Auditing Assignment | Tax and Audit Compliance

   Added on 2020-05-08

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Surname 1Student’s name:Professor’s Name:Course title:Date:KPMG DescriptionKPMG is a global company which focuses on business to business operations for a continuous development of services provided. The company is dedicated to ensuring smooth flow by analyzing risks and taking opportunities in the market [ CITATION KPM17 \l 1033 ]. This organization focuses on audit, tax and advisory services to business in creating a healthy base through professional advice to industry. The company policy aims at the assurance of professionalism to the clients through evaluation of the capital market. Tax and audit complianceis essential in acquiring a competitive edge of an organization through following the set trade rules. The integrity of an organization is based on the tax and audit reports to the public requiringpartnership with a professional company which offers the services [ CITATION Gol161 \l 1033 ]. KPMG has acquired a competitive advantage globally in providing the quality tax advisory and audit services to organizations. The company engages in sponsorship and other corporate social responsibilities to make it widely accepted in the targeted market. Businesses use KPMG services to have an insight of the dynamic external business environment. KPMG servicesThe company provides business to business services which are the audit, tax, and advisory services. These services are vital for a firm to acquire a competitive advantage through
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the analysis of the external business environment which keeps on changing. Audit services by KPMG are through the use of technology and professionals which make it possible for an organization to have an accurate financial report. Quality audit process provides the top management with the required information to come up with a decision. The audit report is used by investors of the business to identify the appropriate company to invest in for a high expected return [ CITATION Piz14 \l 1033 ]. The audit findings are communicated to the management of the business by KPMG professionals to provide a continuous flow of the organization. Tax services are where the KPMG professionals analyze the tax requirement of a nation to come up with a valid tax report. The process makes it possible for the KPMG clients to follow the set tax rules which are vital in ensuring that there is a smooth flow of business operations. The procedure of offering quality tax services to business are; understanding the changing tax regulations, develop strategies business goals, plan the professional to handle the service, develop practical tax activities and discover hidden transaction values of the business [ CITATION KPM17 \l 1033 ]. Advisory services aim at ensuring that the businesses have an insight of the risks and opportunities in the market. KPMG analyzes the dynamic business environment to ensure that their clients achieve their potential through quality production. The advisory services of the company include management consulting, risk consulting, deal advisory and strategy advisory services to businesses.NeedsFeaturesAdvantagesBenefitsProofs1AuditUse of professionals and technology for the processHave assisted much business have proper financial reportsEffective decision makingA large market base. 2Tax needInsight on the dynamic tax regulationsProper flow of operations Able to operate in different nation having understood the tax rulesBusiness and taxregulator clients
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