KPMG International and KPMG China are delighted at the appointment of Len Jui to the International Auditing and Assurance Standards Board (IAASB). Len is the Head of Public Policy and Regulatory Affairs and Partner-in-Charge of the Department of Professional Practice – Audit (Mainland China) for KPMG China. His three-year term starts on 1 January 2017 and is renewable for a further three years.
Professor Arnold Schilder, IAASB’s Chairman, welcomed the appointment at the recent IAASB Meeting held in Hong Kong.
Benny Liu, Chairman of KPMG China, said, “This is a significant milestone for us. We are delighted that Len will be representing the KPMG network and KPMG China at the heart of global audit and assurance standards setting.”
The IAASB is an independent body that is responsible for setting international standards on auditing and assurance, as well as facilitating the convergence of national and international auditing and assurance standards.
David Ko, Head of Audit at KPMG China, expressed, “We are extremely proud of Len’s appointment as this is the first global accounting network firm-nominated member from Asia who has been successfully appointed to the IAASB. Len will be well-supported in his new role by his extensive international experience, and his abled team in upholding audit quality, which serves the public’s interest.”
Len said, “It is an honour to represent the KPMG network and KPMG China on the IAASB. I am also grateful to a number of regulatory and professional accounting bodies in the Asia Pacific region for their support during the nomination process. I look to contributing to the important work of the IAASB.”
Len has over 25 years of international experience spanning the areas of financial reporting, auditing and audit regulation. Prior to joining KPMG, Len was with the Office of the Chief Accountant at the US Securities and Exchange Commission.
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KPMG China operates in 16 cities across China, with around 10,000 partners and staff in Beijing, Beijing Zhongguancun, Chengdu, Chongqing, Foshan, Fuzhou, Guangzhou, Hangzhou, Nanjing, Qingdao, Shanghai, Shenyang, Shenzhen, Tianjin, Xiamen, Hong Kong SAR and Macau SAR. With a single management structure across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.
KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 155 countries and regions, and have 174,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
In 1992, KPMG became the first international accounting network to be granted a joint venture licence in mainland China. KPMG China was also the first among the Big Four in mainland China to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong office can trace its origins to 1945. This early commitment to the China market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in the Chinese member firm’s appointment by some of China’s most prestigious companies.