KPMG Namibia on staff development, training
KPMG is a global network of professional firms providing audit, tax and advisory services.
The KPMG network of firms collectively employs more than 138 000 people across a range of disciplines at global level. KPMG Namibia, which is a member firm affiliated to the Swiss co-operative (KPMG International Co-operative) is situated in Windhoek and employs 61 people. KPMG has member firms in over 150 countries around the world.
KPMG International has a strong global system of corporate governance that binds its member firms to a common set of professional standards.
In pursuance of the KPMG International strategy, KPMG Namibia recruits truly outstanding people and provides them with the quality exposure, excellent training and the support they need for their personal and professional development.
Audit manager and head of marketing, Verengai Ruswa, testifies that KPMG Namibia recognises that the future depends on how the firm nurtures great individual talents and thus provides an environment where people can flourish personally and professionally.
“We want to attract Namibians to the profession. We have a robust Namibian economy and it will continue to grow from strength to strength if there is commitment to invest in purely Namibian talent. One of our strong areas is investing in our people. They are our priority. We make sure that our people are developed. We always give people who want to work with KPMG the opportunity and assist them to become the best they can be by helping them develop their careers. We strongly believe in a common set of shared values, which guide our behaviour when dealing with both our clients and ourselves,” says Ruswa.
But just who is KPMG and why would joining the dynamic team entice aspiring chartered accountants?
“KPMG offers an array of auditing, financial accounting, tax and business advisory services. Our clients range from the financial services sector, to transport, infrastructure, energy and natural resources, retail and manufacturing sectors,” says Ruswa.
KPMG’s advisory professionals assist clients by providing them with a range of services relating to Risk & Compliance, Performance & Technology and Transactions & Restructuring. The KPMG advisory practices around the world combine special skills to provide objective pieces of advice and execution plans to help preserve and improve value.
According to Ruswa, many small and medium entrepreneurs who usually disregard the concept of value addition in their decision to appoint auditors and financial advisors often find themselves short-changed when they supposedly do not find value in the services auditors and advisors provide.
“One of the biggest mistakes that most SMEs make, is to only consider monetary costs in appointing business advisors and auditors when in fact they should be asking themselves what value they expect to get from such services given where they are and where they want to be in terms of their strategy. SMEs need to question the service they get from auditors.”
“At KPMG, we take time to understand our clients when we audit and provide advice. We strive to create relationships with our clients, driven by our motto of delivering value. We have access to resources that enable us to provide valuable professional insight to our clients regardless of the sector they operate in. And we make extensive use of these resources! Through our experts and specialists, our clients stay comfortable knowing that they are taken care of. As such, nothing can stand in the way of business solutions and insight being developed with the help of an expert in our London practice to address the challenges faced by a small client located in, say, Opuwo.” he explains.
The KPMG culture is rooted in its values wherein integrity and open and honest communication builds trust and co-operation in all parties involved, while flexibility and diversity creates a culture in which people share knowledge freely while bringing the very best out of one another.
The auditing firm is well known for providing excellent training and skills development programmes with the main objective being to achieve a first professional qualification. It aims at preparing its people to be professional business leaders by providing them with client experience, classroom and on-the-job coaching/mentoring from performance managers and co-workers.
“Our management structures provide support, performance feedback and coaching to ensure that our people continue to develop and progress at all stages of their career. The core training that the bulk of our people go through is the traineeship administered by the Public Accountants and Auditors Board. We invest a lot of resources in training our people by offering a wide range of in-house training and development programmes, which include anything our staff members may need to advance their careers,” professes Ruswa.
Early this year, KPMG Namibia scooped the Performance Management Review Africa Diamond Arrow award for the second year in succession at an award ceremony held at the Windhoek Country Club. This feat has undoubtedly placed it amongst the biggest growing firms in the country. The firm also thrives on the diversity of their staff in terms of cultures and ethnicity as well as the maintenance of a gender balance in its structures.
“Not only do we give bursaries to students but we are also ready to provide training to Namibians from every corner of the country. So as far as local tertiary education goes, I believe we are certainly headed in the right direction,” Ruswa says, adding that the majority of their staff members are women. “We have a very young and dynamic team mainly consisting of an average age group of around 30 years.” he divulges.
Ruswa also added that the importance of auditing in profit or non-profit organisations can never be overemphasised. Auditing is a systematic process of obtaining and examining the transparency and fair presentation of financial records of an entity or the Government and its agencies.
Auditing goes a long way in ensuring the alignment of daily accounting and financial reporting practices of an entity to its goals and objectives. The key, however, lies in how any entity responds to and addresses the findings, insights and advice of their auditors. PF