KPMG Strengthens Blockchain Strategy Development With New American Leadership
The professional business service firm, KPMG that is regarded as among the top four auditors along with PricewaterhouseCoopers, Ernst & Young and Deloitte has unveiled a new team that will spearhead its US blockchain strategy. The announcement of these appointments makes an essential stride towards the firm’s increasing focus on capitalizing on the enormous potential that blockchain technology offers to further enhance its crucial business services, including tax, audit, and advisory.
Why The Change In Leadership?
The company explained that the reason behind the leadership changes was the growing interest in blockchain technology within many industries. They believe that most companies are done experimenting with blockchain and are now moving to the next phase, which is execution. Blockchain has proved itself to be a lot more than pure technology, as it acts like a universal transaction platform which demands a keen knowledge of risk implications, trade tariffs, and tax among other business operations.
Arun Ghosh Named As KPMG’s Blockchain Leader
The person responsible for driving KPMG’s blockchain plan in America will be the highly experienced, senior executive Arun Ghosh. He brings years of hands-on experience in artificial intelligence, blockchain technology, analytics, and automation. KPMG believes that Ghosh will use his expertise in developing transformative programs in every sector from commercial operations and R&D to manufacturing and supply chain management to enhances the company’s agenda of achieving modernized technological inventory through blockchain technology.
New Audit And Tax Leaders Also Unveiled
Erich Braun and David Jarczyk will join Arun Ghosh as the audit leader and tax leader respectively. Braun will start his new role by evaluating the effects of blockchain-based services on KPMG’s internal audit practices. Also, he will track how blockchain solutions are influencing the audit procedures used by multiple companies across all sectors.
Meanwhile, Jarczyk will begin by assessing the complex tax and financial implications of adopting blockchain services. His extensive background in managing a business through new tax reforms will help KPMG meet its objectives of offering blockchain based tax services.
KPMG is among the global leaders in professional services, offering advanced business solutions along with tax, advisory and audit services to most of the prestigious companies across the world. The firm is widely renowned for being an excellent place for working and building a career. In addition to the US firm, the KMPG International firms spread across over 150 countries and provide professional business services to companies across all kinds of fields.
Besides these new hires, KPMG has also deployed a skilled team of experts in blockchain to 30 countries. The main objective of this specialized team is collaborating with KPMG clients across different industries and assisting them in making the transition from traditional legacy systems into blockchain technology and its various derivative products.