Overview
KPMG Canada is a leader in professional services, part of the global KPMG International network. The firm boasts a presence in over 40 offices throughout Canada, employing over 10,000 professionals, including more than 700 partners. As a major player in audit, tax, advisory, and law services, KPMG Canada caters to both public and private sectors across various industries. Consistently ranked as a top employer, the firm is dedicated to leveraging expertise to assist Canadian businesses in achieving organizational objectives.
Services and Industry Focus
KPMG Canada specializes in a wide range of services aimed at fostering organizational growth and risk management:
- Audit and Assurance: Delivering high-quality audits through a transformed audit experience.
- Tax Services: Offering strategic tax planning, compliance, and data-driven solutions.
- Advisory Services: Providing insights on operational improvements and financial strategies, as well as management consulting.
- Law: A part of a global network delivering integrated legal solutions.
- Environmental, Social, and Governance (ESG): Enhancing trust and creating value by addressing ESG opportunities.
The firm's industry-led approach covers sectors such as agribusiness, construction, real estate, consumer and retail, energy, financial services, infrastructure, mining, technology, media, and telecom.
Leadership and Governance
Effective October 1, 2024, Benjie Thomas assumes the role of CEO of KPMG Canada, succeeding Elio Luongo. Thomas, previously Canadian Managing Partner, Advisory Services, is noted for his expertise in private equity and pension plans. The firm's governance includes a Management Committee and a Board of Directors, ensuring strategic and operational oversight and adherence to quality-control processes.
Values and Corporate Responsibility
KPMG's core values—Integrity, Excellence, Courage, Together, and For Better—guide its client engagements and community contributions. A strong proponent of diversity, equity, and inclusion, KPMG Canada aligns its impact strategy with the United Nations Sustainable Development Goals, demonstrating commitment through KPMG Impact to promote inclusivity and sustainability.
Recent Developments and Opportunities
In 2024, KPMG Canada received recognition as the firm with the Most Trusted Executive Teams, affirming its reputation as a supportive and reputable employer. The firm's 2024 Canadian CEO Outlook highlighted key insights into corporate expectations of a full return to office post-pandemic, with a particular emphasis on addressing ESG commitments amid economic uncertainties.
KPMG continues to explore new opportunities through its focus on innovative, digitally enabled solutions. Through KPMG Enterprise, the firm supports small to medium-sized businesses, entrepreneurs, and not-for-profit organizations, providing tailored services that cater to a competitive market.
Performance Metrics
KPMG Canada has seen notable organizational growth, reflected in a 1.5% improvement in employee retention and increases of 11.2% and 10.5% in six-month and annual growth, respectively. These metrics underscore the firm's expansion and dedication to enhancing workforce stability.
Competitors
As a part of the "Big Four" accounting firms, KPMG Canada's main competitors include:
1. Deloitte Canada
2. Ernst & Young (EY) Canada
3. PricewaterhouseCoopers (PwC) Canada
Other competitive players in the Canadian market are Grant Thornton LLP and BDO Canada, offering similar services in accounting and consulting.
Competitive Advantage
KPMG Canada has shown an ability to outperform its "Big Four" competitors in acquiring new clients, demonstrating robust client acquisition strategies and a distinct market advantage.
Technological Integration
To enhance service delivery, KPMG Canada utilizes several technological tools:
- ServiceNow: Optimizing operations and IT services.
- DemandBase and iCIMS: Improving client targeting and recruitment processes.
- Microsoft Azure Monitor: Providing analytics for internal and client systems.
These technologies support KPMG Canada's advisory services and boost operational efficiencies, further solidifying its market position.
Recent Strategic Developments
KPMG Canada is expanding its service offerings by recruiting in areas like forensic consulting, real estate appraisal, and technology risk services, emphasizing its commitment to growth and service enhancement.
In conclusion, KPMG Canada showcases significant growth trends, competitive advantages in client acquisition, and advanced technological adaptations, solidifying its standing in the Canadian professional services landscape.
