Chairmen’s statement
Welcome to KPMG Europe LLP’s Annual Report for 2009, which records a year of tremendous progress for our firm despite challenging economic conditions.
Our aim in creating KPMG Europe LLP was to provide our clients with unrivalled service and seamless access to our skills and insights across Europe.
The speed of response required by our clients to navigate the economic crisis put that ambition to the test. We believe we passed that test well, bringing issues and solutions to our clients with speed and focus.
Welcome to KPMG Europe LLP’s Annual Report for 2009, which records a year of tremendous progress for our firm despite challenging economic conditions.
In everything we do we start by asking ourselves one simple question – how will this benefit our clients?
During the year the KPMG Europe LLP group comprised interests in the KPMG firms in Belgium, Germany, Spain, Switzerland and the UK (see note 26), and it is through those firms (“KPMG ELLP firms”) that client services are delivered. These interests are referred to as ‘the legal group’. Unless otherwise specified, all figures quoted in the review sections of this annual report refer to pro forma data for the entities covered by these interests, as if this structure had been in place throughout 2008 and 2009, and ignore the impact of exchange rate fluctuations. Further KPMG operations and entities in these countries, whilst not controlled by KPMG Europe LLP within the meaning of the relevant Accounting Standard, operate under the same principles as the legal group.
With a growing number of multi-nationals investing abroad, KPMG has been working hard on a collaborative approach to share best practice...