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KPMG

KPMG

Industry: 
Professional Services
Value of USG Contracts: 
1200
States: 
AK
CA
DC
IL
NJ
NY
NC
OK
OR
PA
TX
Country: 
Netherlands
Sources: 

 

“The world’s ‘Big Four’ accountancy and professional services firms are taking steps to establish operations in Iran following the lifting of international sanctions in January. KPMG, Deloitte, PWC and EY are understood to have held discussions over either setting up offices in Tehran or otherwise commencing operations in the country. It is not yet known when such movements would take place, but the auditing firms told Arabian Business they had had sufficient demand from clients looking to enter the market to justify an expansion of their services into Iran… A KPMG spokesman said: ‘KPMG is looking at establishing a presence in Iran as soon as is practicable and in a manner which is in compliance with all applicable laws and regulations. ‘A team of non-US personnel are currently exploring the opportunities available so that KPMG can support clients looking to re-enter the market.’” (Arabian Business, “‘Big Four’ plan to set up in Iran,” 3/3/2016)

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April 2010: KPMG has ended its business relationships in Iran. (The New York Times, "Companies Feeling More Pressure to Cut Iran Ties," 4/24/10)

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"Bayat Rayan, a subsidiary of KMPG, has been operating in Iran since 1955. They are the number one international accounting firm in Iran, according to the company. KPMG also provides accounting and auditing services to the United States federal government."  From 2000-2009, the company was the recipient of $1.2 billion US federal funds.  Their business in Iran is currently active.  (The New York Times, "Profiting from Iran, and the US," 3/6/2010)

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Iran is part of KPMG’s MESA (Middle East & South Asia) region. Iran’s country profile lists that there are 60 KPMG professionals in Iran (KPMG Website, “Countries in KPMG’s MESA region”). “Bayat Rayan” is the member firm of the KPMG network representing the company in the country (KPMG, “Iran: Taxation of International Executives,” 2008).

In 2008, KPMG produced a 21-page Iran specific-report, "Taxation of International Executives" (KPMG, “Iran: Taxation of International Executives,” 2008).

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"In addition to its presence in UAE, KPMG is widely represented in the Middle East region and has offices in Bahrain, Qatar, Egypt, Kuwait, Lebanon, Jordan, Oman, Yemen, Saudi Arabia and Iran." (KPMG Release, “KPMG in the UAE announces the results of their business intelligence survey,” 12/17/08)

Response: 

April 2010: KPMG has ended its business relationships in Iran. (The New York Times. "Companies Feeling More Pressure to Cut Iran Ties," 4/24/10)