PwC opens Mongolian office

PwC has set up shop in Mongolia where it hopes to take advantage of a burgeoning natural resources market, the Big Four auditor said in a statement today.

The new audit office, in the capital Ulaanbaatar, will provide assurance, advisory and tax services to companies operating in the country which is credited as the first nation to use paper money.

Twenty partners and staff, including Mongolians, will work in the office after the firm obtained its auditing license last spring.

Dan Feder, managing partner, PricewaterhouseCoopers Mongolia, said the new office support the local economy.

“We look forward to supporting the future development of this increasingly important economy by supporting the education and professional skills development of our Mongolian staff, as well as the accounting and advisory profession in Mongolia,” he said.

Alper Akdeniz, senior managing partner, PricewaterhouseCoopers Central Asia, said Mongolia was becoming a significant part Asia’s economic growth.

“With PwC’s extensive resources in central asia and globally, we can play a pivotal role in supporting the future economic development of Mongolia and its people,” he said.

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Mongolia: Projects and Programs (World Bank)