KPMG conversion
Source: Xinhua |
August 1, 2012, Wednesday
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Print Edition
Print Edition
KPMG, one of the world's top four international accounting firms, yesterday officially converted its operations in China from a joint venture to a special group partnership, becoming the first of the Big Four to start the process of localization in China. The move came after Chinese authorities in May issued new regulations ordering the Big Four - KPMG, Deloitte Touche Tohmatsu, Ernst & Young and PricewaterhouseCoopers - to practice as local firms after their joint venture agreements expire.
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