PracticeAccounting FirmsKPMG to form stronghold in Japan

KPMG to form stronghold in Japan

Japanese accountancy partner Asahi has agreed to become a member firm of KPMG International, turning KPMG into the largest accounting organisation in Japan.

Link: ‘No pension conflict of interest’ at KPMG

In an agreement reached yesterday, Asahi will strengthen KPMG’s existing Japan organisation, Azsa. Together they will generate some £320m of fee income and employ more than 3,000 partners and staff.

‘This furthers our strategy to continue to strengthen our capabilities in Asia Pacific – we see Japan as a key economy in the region,’ said Mike Rake, chairman of KPMG International.

‘This marks the beginning of a new phase for KPMG, and demonstrates our continued commitment and investment in the wider Asia Pacific region, which includes a major investment in China.’

Asahi and KPMG International became accounting and business partners last year, though they maintained their separate identities.

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