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Section | ECONOMY | |||
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KPMG |
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Corruption | ||||
We firmly believe transparency is the foundation of quality and investor confidence. For this reason we issue a Transparency Report, which although is structured around our unique seven drivers of audit quality, and describes the policies and procedures that ensure that every KPMG audit is a high-quality audit, this report also allows us to articulate clearly and consistently what quality means to us and to highlight how every partner and staff member at KPMG contributes to the delivery of quality services in general. Our Transparency Report demonstrates our unwavering commitment to integrity, professionalism and quality. |
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The first transparency report issued in Greece related to the calendar year 2008 and was published on 20/5/2009. Ongoing overall, but we review our Transparency Report on an annual basis. |
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Association with the right clients Acceptance and continuance of clients and engagements Prospective client and engagement evaluation process Continuance process Independence, integrity, ethics and objectivity These policies and processes cover areas such as personal independence, firm financial independence, business relationships, post-employment relationships, partner rotation and approval of audit and non-audit services. Our firm has a designated Ethics and Independence Partner (EIP) supported by a core team of specialists to help ensure that we implement robust and consistent independence policies and procedures to help ensure ethical conduct, including integrity and independence, our firm and its personnel, must be free from prohibited financial interests in, and prohibited relationships with, the network’s audit clients, their management, directors and significant owners. In the event of failure to comply with relevant independence policies, whether identified in the rolling compliance review, self-declared or otherwise, professionals are subject to an independence disciplinary policy. Matters arising are factored into promotion and compensation decisions. Business relationships/suppliers Independence training and confirmations They are required to sign an independence confirmation upon joining our firm, and are thereafter, required to provide an annual confirmation that they have remained in compliance with applicable ethics and independence policies throughout the period. This confirmation is used to evidence the individual’s compliance with, and understanding of, our firm’s independence policies. Audit partner rotation Non-audit services Fee dependency Conflicts of interest Compliance with laws, regulations and anti-bribery and corruption |
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Clients, suppliers, employees and markets. |
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Employees’ active participation for the maintenance of integrity and delivery of quality services. |
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Greece, and Globally. |
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We firmly believe transparency is the foundation of quality and investor confidence, and our Transparency Report demonstrates our unwavering commitment to integrity, professionalism and quality, towards our people, clients, communities, and the capital markets. |
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Investor confidence. |