In 2012 KPMG presented a paper entitled Taking the Complexity out of Managing the Expense Line which highlighted the challenge of ensuring that general and administration costs (effectively labour costs, plus some other activity related costs), get burdened accurately and transparently to the right places. Given the timing of projects in Australia and in the ASPAC region, operators were struggling to manage the growth in the expense line versus the imperative to build against project milestones.
© 2017 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.