GRI 2-23 | 3-3 | 2-24
Our work for clients is very diverse and so are our teams. But all employees are united by our firm's values and our focus on quality. Integrity, ethical conduct, and transparency are among the cornerstones of our business. We lead by example and help to bring greater transparency to our clients.
Adherence to professional standards
The services provided to our clients are governed by the highest professional standards and subject to strict regulations and controls.
Acceptance of clients and engagements
The adherence to rules and procedures in the client and engagement acceptance process as well as in continuing client relationships is a vital part of our risk management process.
Every year, we evaluate whether to continue our cooperation with a client. As part of this process, we also consider whether to introduce any additional quality and risk management processes to the engagement.
Expertise and adherence to schedules
Our teams are made up of experts with many years of experience. We actively manage all processes during the contract, monitor agreed milestones and stick to the set schedule. Responsibility for quality and risk management and the overall corporate culture lies with the management.
News updates
We are committed to providing our clients with the latest industry news by organising conferences, trainings and seminars and prepare updates, studies, analyses, and surveys.
Independence
Strict adherence to independence forms an integral aspect of all our processes. We use a global KPMG application that records and monitors all investments effected within KPMG, including any personal investments of our partners and managers.
We use a global electronic system to monitor independence and conflicts of interest. This allows us to review and approve business relations between KPMG and clients within our global network of KPMG offices and helps us ensure that KPMG member firm engagement teams provide only services which are not in conflict with our independence and impartiality.
Annually at KPMG:
We conduct internal tests to verify the adherence to internal corporate regulations.
Selected engagements are reviewed by the staff of other KPMG member firms.
Our employees participate professional training courses focusing on legal compliance and ethical conduct.
Confidentiality
KPMG member firms follow strict internal confidentiality guidelines regarding client-related information, and all information obtained during engagements is considered confidential. All KPMG employees including administrative, support and technical department staff are obliged to maintain confidentiality.
Quality and risk management principles and instruments
We have a comprehensive quality and risk management system in place that is fully compliant with the International Standard on Quality Control (ISQC 1), the codes of ethics for auditors, accounting experts, and attorneys-at-law, as well as rules required by international regulators.
Inspiring working environment and adherence to values
We want our people to provide only the highest quality service to our clients, which is why we create a motivating work environment and company culture. Adherence to our values by our employees is a prerequisite for maintaining the firm's reputation, which is why we take care to select suitable candidates and develop them professionally.
GRI 2-28
We are partners for global corporations as well as local businesses, NGOs, and non-profit organisations.
We actively seek collaboration with start-ups and smaller companies that offer interesting technologies, e.g., in the fintech sector or advanced data analytics.
We develop sustainability consulting and together with our clients contribute to the further development of society. We are building a more sustainable future with the KPMG IMPACT network.
We are members of more than 30 professional and trade organisations and participate in expert and working groups. As an example, we mention that we belong to the Business for Society Alliance which focuses on spreading the principles of CSR and sustainable business in the Czech Republic. In 2021, we joined the Czech Green Building Council, which brings together companies that support new construction and renovation based on sustainability principles. We have become members of the Změna k lepšímu (Change for the Better) and the Asociace udržitelného podnikání (Sustainable Business Association) organisations.
Our expert teams regularly discuss the trends, needs, and challenges facing the market. We pass on our knowledge to the professional public in studies, conferences, and professional meetings.
The latest in finance, tax, accounting, legislation, and law is summarised monthly in our free Tax and Legal Update, which several thousand subscribers receive in their email inboxes every month. Every year we also publish a customer experience study and a ranking of the 100 best customer experiences in the Czech Republic. In 2023, the study was titled AjajAI and presented tips on how to incorporate AI in companies to bring real improvements while meeting all legal and ethical and requirements.
GRI 2-16 | 2-26
All employees as well as any third party may make use of the KPMG International Hotline or KPMG's whistleblowing system to report a problem or complain of unethical conduct.
Our Code of Ethics lays down the firm’s corporate culture, as its values are vital for a successful and sustainable business.
