ISSUE 4.2 SPRING 2011
What’s in
your Queue?
A Level
Playing Field
Future Leaders
GO Hollywood!
meet Phil
Mickelson
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to Paris
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Career
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eco
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helpful tips on self branding kpmg-go.com/branding
8:20
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from webGet it from the source! MyLife@KPMG gives you an inside scoop on KPMG
What’s
lifeAMlike
KPMG?
careers, colleagues, and community. Check out the video diaries of four KPMG employees and see
what their life is like at KPMG.
Register at http://www.kpmgcampus.com/kpmggo/myprofile.shtml
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Building Leaders
How does KPMG build leaders? One great idea at a time! Visit Building Leaders to learn how the firm
trains future leaders and partners with leadership models like golf champion Phil Mickelson.
www.kpmg-go.com/Leaders
Global
Where can you GO with KPMG? Just about
anywhere! KPMG global interns have traveled to
every continent except Antarctica. Follow their
adventures through journals, photos, and videos
and see what happens when you GO global with
KPMG.
www.kpmg-go.com/Global
Branding U
Why is a strong personal brand key to becoming a success around the world? It can make you a standout
in any culture or climate! Branding U features tips from KPMG recruiters that can help you develop a
personal brand as recognized and respected as KPMG’s own.
www.kpmg-go.com/BrandingU
4
Contents
Career
GO Global: Brazilian Trio
4
What’s In Your Queue?
8
8
For nearly a decade, this cool client has chosen KPMG. And KPMG likes
working with these “smart, forward thinkers whose entrepreneurial spirit
has…changed an industry.”
Career GPS
14
Trying to map your path to professional success? Get guidance, inspiration—
and career direction—by reading our Audit, Tax, and Advisory article.
Communities
A Level Playing Field
10
The Disability Network raises awareness about the unique needs and
talents of people with disabilities. Learn about KPMG’s commitment to
acceptance and fair treatment.
GO Hollywood!
ISSUE 4.2
Spring2011
KPMG’s Global Internship Program gives top college students the
opportunity to work abroad and see what it takes to be a global professional.
Read how three KPMG interns took South America by storm.
13
KPMG’s Future Diversity Leaders program helps diverse students develop
career goals and the skills to achieve them. There’s a great California
summer conference, too!
Lifestyle
Fistful of Dollars
16
A great credit score can be important to getting your first job, so learn to get
yours working to your advantage—and how the new credit law can help.
18
20
Eco Road Trip!
18
From Fairbanks, Alaska, to the southern tip of Argentina, the Racing Green
Endurance Radical SRZero sports car drives into the future.
People
25 Things
20
There are lots of things you never knew about KPMG-sponsored
golf champion Phil Mickelson. Here are 25 you’ll find especially
interesting.
TAGnow you’reintoit!
1
14
Be sure to scan the QR tags inside and connect
to videos and more—right from your smart phone.
You can get a free code reader from getscanlife.com on
your mobile browser or by texting “SCAN” to 43588.
T
“Oi!”
hat’s Portuguese for “Hi.” And it might as well stand for opportunity and fun,
because my global internship to South America in Summer 2010 included that
and more.
I had a strong desire to work internationally, and found that KPMG has the best
global opportunities. I spent last June, July, and August first in Chicago and later in São
Paulo, Brazil. The two different experiences made one internship that was perfect for me.
I learned a lot in a short amount of time—what I call accelerated learning! In just a few
weeks, I experienced many different pieces of the audit process, including planning, internal
controls, testing, and closing/sign off. Working in various locales and situations (Chicago,
Brazil, and on very different teams) strengthened my adaptability. I not only learned how to
work with people of different backgrounds and cultures, I improved my Portuguese language
skills as well. In fact, I worked completely in Portuguese while in Brazil.
I had already experienced KPMG’s warm and friendly culture via the firm’s recruiting process
and national leadership program. The people I met during my internship confirmed my earlier
impression: they are great people with whom I quickly became friends.
It wasn’t all work in São Paulo. My fellow interns and I enjoyed excellent adventures at
soccer games and restaurants in Brazil. We also went to Rio de Janeiro for an amazing,
exciting weekend.
Right now in school I’m seeing topics that were addressed during my internship. I’m
continuing to network with KPMG professionals and, as you’ll read in this issue’s GO
Global story, I’m still best friends with my fellow intern Ryan Friday.
To sum it up—I had a great time, gained valuable work experience, made friends and
increased my networking connections. Getting a global opportunity this early in my career
was a goal I achieved—with KPMG’s help. I encourage you to investigate the opportunities
for yourself!
Rob Barton
MS Brigham Young University ‘11
ISSUE 4.2 SPRING 2011
blane ruschak
It’s the greenest building in San Diego County: the new KPMG
San Diego office has received a Silver Leadership in Energy
and Environmental Design (LEED) certification. The building’s
green technology includes multiple systems to reduce
water consumption and energy use for heating, cooling and
electricity. KPMG even calibrated photocopier locations to use
the least energy, and the building’s construction waste was
diverted from landfills to be used for recycling. Says KPMG
San Diego Operations Services Manager Stephanie Renick,
“This is a fantastic new building with a strong connection to the
community. In addition to our green technology, we promote
the use of public transportation and provide bike lockers to
support alternative commuting.”
EDITOR IN CHIEF
MANAGING EDITORS NICOLE FRITZ
KATHLEEN SCHAUM
HOLLY THOMAS
SEAN TRECCIA
MARIA CELENZA
DESIGN MGT DESIGN, INC.
WRITING/EDITING KAREN DONOHUE FLEER
EDITORIAL OFFICES KPMG LLP
3 CHESTNUT RIDGE ROAD
MONTVALE, NJ 07645
PHOTOGRAPHY GETTY IMAGES, INC.
VEER
CORBIS/JUPITER
CONTACT KPMG Interested in joining KPMG?
Want to learn more about what
makes KPMG a great place to
build your career? Talk to your
campus recruiter or visit our
Web site at www.kpmg-go.com.
SEND YOUR COMMENTS TO US-KPMGGOEDITOR@KPMG.COM
KPMG is “At Will,” which means that employment may be terminated with or without cause and
with or without notice at any time at the discretion of either KPMG or the employee.
KPMG maintains a drug-free workplace.
KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of
KPMG International Cooperative (“KPMG International”).
KPMG International’s member firms have 140,000 professionals, including more than 7,900
partners, in 146 countries.
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Printed in the U.S.A.
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3
Clockwise from top: Restaurant in São Paulo;
Beach of Pajucara; Red guava fruit display in
open air market; Interns Ryan and Rob enjoy
an afternoon of sightseeing; Brazilian street
musicians. Background: Aerial view of Rio de
Janeiro, Brazil.
Unexpected Learning
I discovered KPMG early on when I competed in a KPMG Case
Competition as a freshman. I completed a local internship with
a small firm, but a global internship program was important to
me. KPMG São Paulo was my first choice, and I was thrilled to
find out I got it.
I’m fluent in Spanish and had spent time in Peru, so going to a South
American country and trying my hand at Portuguese was a natural
progression. My work in Brazil included reviewing confirmations
and board of directors meeting minutes for a KPMG multinational
financial services client. I learned that working in another country is very different from visiting
—more demanding and more rewarding. I wasn’t expecting to learn so much about business
in general and how truly global our markets have become.
One weekend, we took a phenomenal trip to Rio and were entertained by a co-worker’s family
and friends at a huge family breakfast. I was amazed at how friendly the Brazilians are—they
went out of their way to welcome us. I also developed a great friendship with fellow intern
Rob Barton, whom I’d never met before landing in Brazil and wouldn’t have run across in
my life otherwise. We are still in touch and look forward to joining KPMG full time. I’ll be
starting in the KPMG Atlanta office in Audit. And I’ll tell you now, I’d love to do a
global rotation one day.
Ryan Friday
University of Georgia ‘11
go global
KPMG’s award-winning Global Internship Program gives top
college students the opportunity to work abroad and see what it
takes to be a global professional. Internships begin in the U.S. at a
KPMG office location. Next, it’s four weeks on assignment working
with international teams on major client accounts. Interns return
home with great new skills that make them even more valuable
in business. KPMG clients and the capital markets are becoming
more international every day. The Global Internship Program is a
great first step for future professionals.
5
Rio in 72 Hours
It was definitely my goal to go to a Portuguese-speaking country
for an internship. I have Portuguese ancestry, speak the language
fluently, and lived for two years in Portugal on a service mission.
When I found out KPMG’s Global Internship Program included
the opportunity to intern in Brazil, I knew it was perfect for me.
I felt the internship was totally customized for me. I spent four
weeks working with the audit practice in São Paulo. I got a great
opportunity to work on my “business” Portuguese—terminology
unique to the business of accounting. By the end of my second week, I was conducting client
interviews in Portuguese. I really like the KPMG culture. It’s made up of good people who are easy
to get along with. I was able to make friends right away, and I’m still best friends with Ryan Friday,
who was my roommate in São Paulo. We worked on different engagements, but spent weekends
together exploring Brazil.
The other interns and I all took a great, short
trip to Rio. Our co-workers were our Brazilian
tour guides. And we saw everything—the
famous Christ statue, the beaches of
Copacabana and Ipanema, Sugarloaf, and
the exciting night life. It’s an amazing city of
warm, outgoing people. For me, Brazilian
culture took about one day of adjustment!
I’ll be starting in KPMG’s Detroit office this
summer. I’m from Michigan, so I’ll be close to
home—at least until I ‘GO global’ again!
Rob Barton
Brigham Young University ‘11
Counter clockwise from top: Julio Prestes
Station São Paulo Concert Hall; Mask of
“Le Roi Soleil;” Local fruit; Sugar Loaf
Mountain; Background: aerial view of
‘dois irmaos’ and the ‘baia dos porcos’
at Fernando de Noronha Island.
GO for more
Check out this YouTube video to see
and hear more from KPMG interns
who traveled to Brazil.
go global
Clockwise from top: Octavio Frias de
Oliveira bridge in São Paulo; Brazil.
Carnival performers in Rio de Janeiro;
The statue, Glória Imortal during sunset.
The Language of Business
I completed a portion of my
internship in the United States
in Advisory, and São Paulo
was an awesome addition to
that experience. I worked on an
international bank engagement,
auditing their Brazilian operations.
I got to see a broad spectrum of
audit activities as I helped prepare
the summer financial statement.
My Spanish language skills enabled me to read Portuguese,
but it took about three weeks for spoken Portuguese to become
understandable. In that time, I learned that I could understand
people long before I could fully understand their language.
While I was there, I also learned the language of business
and got a great international perspective.
My KPMG mentor knew I wanted to see a famous Brazilian
bridge, and even though the team was busy preparing an
audit, she picked me up after work and took me to see it.
It was lit up at night, and I was able to get the photos I wanted.
I loved spending time with my fellow interns, including our
whirlwind trip to Rio—seven hours on a bus each way! I feel
fortunate to have made these friends at KPMG, where I’ll be
starting as an Advisory Associate in the Chicago office.
Paris Postcard
W
ish you were here! After the Louvre,
the Champs-Elysées, and the Eiffel
Tower, where would an accounting
student want to go but KPMG Paris? That’s
just what 25 Fordham University students
did last year when their spring break study
tour to the French capital allowed them to
spend the afternoon at KPMG.
Jennifer Roncoroni, Fordham ‘11, was
impressed first by the large KPMG offices
in Paris’s new financial district. “But I was
most interested in learning how KPMG
Paris was implementing IFRS, the new
international financial reporting standards.”
During their office visit, the Fordham group
got to interact with a panel of KPMG staff
members that included a young associate
doing a global rotation in the Paris office.
Jennifer also met an associate who came
to Paris on a one-year rotation and ended
up relocating permanently.
The Fordham group’s visit was part of
KPMG’s Global Office Visit program that
works with university-sponsored trips to
arrange visits to KPMG’s many global offices.
For student travelers, it’s a fast way to get
a taste of life at KPMG and the firm’s global
opportunities.
And where’s Jennifer mailing
her postcards from today?
“New York. I’m pursuing my
master’s degree at Fordham
and will join KPMG New York
full time in late 2011 or in 2012.”
Elizabeth Kitto
Indiana University ‘11
7
Watch
Instantly
Home
Genres
Browse
DVDs
Your
Queue
New Releases
Movies
You’ll
Netflix Top 100
Critics’ Picks Award Winne
From Avatar to Zoolander,
Netflix has your movies—
and cool new ways of
delivering them.
N
ow much more than a European term for a long line, the word “queue”
has become synonymous with a wide range of home entertainment
options for the millions of people who subscribe to Netflix (Nasdaq:
NFLX). And “queue control” has become a lighthearted contest for
many couples who can’t quite agree on what movie should be at the
top of their queue.
Netflix is the world’s largest subscription service for movies and TV
episodes streamed over the Internet and sent on DVD by mail. They’ve been a KPMG client
since before they went public with a $200 million IPO in 2002. Audit Partner Dave Kane
enjoys working with an innovative client recognized as an industry leader. In fact, Netflix is
such a cool client that KPMG staff members regularly volunteer to work on this high-profile
account. As Dave explains, “The Netflix culture is amazing—smart, forward thinkers whose
entrepreneurial spirit has fundamentally changed an industry.” Dave and his team enjoy
“the challenge of understanding Netflix’s business, especially as it moves from mail delivery
to streaming video for the Internet and many portable devices.”
Senior Associate Heidi Holmes describes the Netflix engagement as “uniquely challenging
and rewarding.” She explains, “There is no accounting literature exactly on point for
streaming content purchased from Hollywood studios. Very few companies are purchasing
the volume of streaming content that Netflix provides to their subscribers.” Heidi adds,
“Our KPMG engagement team works closely with Netflix management in determining the
accounting impact of various contract deal terms during the negotiation process.” Since
joining the Netflix team almost three years ago, Heidi’s also had the opportunity to do “hub
visits” to some of Netflix’s distribution centers. She says she enjoys working with Netflix
because she finds the company “on top of their game and excellent at what they do.”
In Summer 2010, Marissa Wong, Cal Poly San Luis Obispo ’11, worked on the Netflix
engagement, spending time in Audit and Advisory as part of KPMG’s Build Your Own
Internship Program (BYOIP). Marissa says she applied for BYOIP because she wanted
“real-world experience that would give me a good understanding of both Audit and Advisory.”
During her internship, Marissa was included on the Netflix quarterly review, working on
cash-flow statements and debt compliance. “The eight members of the KPMG Netflix team
are very organized and focused, “says Marissa, “and they really bond over team lunches
and after-work social activities.” And what makes Netflix a “cool client” in Marissa’s eyes?
“They’re progressive—moving from an inventory model to a technology model.” The movies
are pretty good, too. 1
Cool Client
Movies, TV shows, actors, directors, genres
Search
ers
Wait for
the Credits
Netflix has:
n M
ore than 2,000 employees at corporate
headquarters and shipping centers.
n 15 million subscribers at the end of
June 2010.
n M
ore than three billion movie ratings
from members.
n A
n average two million DVDs a day
ship from their
warehouses. In
a single pile,
the stack
would be
taller than
Mt. Everest
within a
week.
Netflix members:
n A
dd two million movies to their queues
every day.
n S
ay they watch twice as many movies
per month than they did prior to joining.
“
The eight members of the
KPMG Netflix team are very
organized and focused, and
they really bond over team
lunches and after-work
social activities...Netflix is
progressive—moving from
an inventory model to a
technology model.
—Marissa Wong
”
n Stream TV shows and movies
(61 percent as of the second quarter
of 2010).
n Say they are so satisfied with Netflix
that they recommend it to family and
friends (90 percent).
n Would consume 800,000 gallons of
gasoline and release more than 2.2
million tons of carbon dioxide emissions
annually if they drove to and from rental
stores.
n S
elect their movies based on
recommendations tailored to their
individual tastes (60 percent).
9
A Level
Playing Field
KPMG’s disability network
focuses on accepting and
valuing everyone.
I
n December 2007, Dana Foote, KPMG Audit
Partner, Omaha, helped launch the firm’s
Disabilities Network. She currently serves as
the network’s co-chair, along with Vice Chair
Shaun Kelly. Dana’s interest in disabilities is both
professional and personal. That’s because Dana
has multiple sclerosis (MS), and she’s up-front
about her particular challenge. “I’d rather people
know I have MS than have them wonder why
I’m stumbling at work.” Dana also understands
disability from a family perspective. She’s the
legal guardian for her sister, who has Down
syndrome.
The Disabilities Network’s mission is to foster a
KPMG professional environment that supports
partners and employees with disabilities and
those who have children or other dependents
with special needs. The network raises awareness
about the unique needs and talents of individuals
with disabilities so that all KPMG employees feel
accepted, valued, and fairly treated. “As a KPMG
partner,” explains Dana, “I don’t want anyone to
feel he or she needs to conceal a disability.”
Since its inception, the Disabilities Network has
grown to more than 400 members. There are now
12 chapters: Atlanta, Boston, Chicago, Dallas,
Houston, Los Angeles, Montvale, N.J., New York,
Philadelphia, San Francisco, Short Hills, N.J.,
and Washington, D.C. The Disabilities Network
is supported by KPMG’s disability employee
resource groups and the Disability Advisory
Board. Employee resource groups help members
enhance their internal and external networks and
build understanding, awareness, and camaraderie
across the firm. The Disabilities Advisory Board
meets quarterly. In 2010, the board joined forces
with the Special Olympics to sponsor its USA
National Games golf tournament. 1
In the community
A Signature Sponsorship
“I confess, I wondered how many people would volunteer for an
event being held in Nebraska in July,” remembers Dana Foote.
But despite a hot summer, 200 KPMG volunteers gathered in
Lincoln, Nebraska, in 2010 to support the Special Olympics USA
National Games Golf Tournament. KPMG was the title sponsor of
the event. The USA National Games were that year’s signature
Special Olympics event, drawing 3,000 athletes, 1,000 coaches and
delegates, 8,000 volunteers, 15,000 family members, and 30,000
spectators. Since the 1960s, Special Olympics has dedicated itself
to giving athletes with disabilities opportunities to compete on a
world stage.
Volunteers learned about
themselves and others
as they helped ensure
the tournament went off
smoothly.
Eleven KPMG offices held Be A Fan tour events, raising close to
$23,000 for their local Special Olympics organizations. Other offices
had jeans-days to raise additional funds, or hosted athletes and/
or officials from Special Olympics. Many employees volunteered at
local Special Olympics Games to help organize, work with athletes,
cheer them on, and participate in the awards ceremonies.
Volunteers learned about themselves and others as they helped
ensure the tournament went off smoothly. In addition, they and
other KPMG representatives connected with individuals and
companies who share the commitment to Special Olympics.
One KPMG Fortune 100 client hosted the torch run as it entered
Nebraska. Another client became a sponsor because of KPMG’s
involvement, and KPMG connected with an executive of a major
organization whose daughter participated as an athlete.
To thank the volunteers, as well as reinforce the importance of their
work in Lincoln, KPMG held a volunteer appreciation dinner. Tim
Shriver, CEO of Special Olympics International and son of Eunice
Kennedy Shriver, who founded Special Olympics in the 1960s, was
a guest speaker. He encouraged KPMG volunteers to think about
the lessons they were learning as they worked with the athletes
during a great week. 1
KPMG volunteers and Special
Olympics’ athletes celebrate
the joy and excitement of the
competition together.
11
Celebrating
Future StarS
H O L LY W O O D S T Y L E
I
KPMG’s Future Diversity Leaders start with a fabulous conference in Hollywood, California,
then move on to internships, scholarships, and perhaps, a full-time job with the firm.
f you want to know how big the commitment to diversity
is at KPMG, just glance around the annual Future Diversity
Leaders (FDL) three-day, summer leadership conference in
Hollywood, California. There’s a virtual red carpet of KPMG
professionals from across the country focused on preparing
high-achieving diverse students to be the business leaders
of tomorrow.
Students who successfully complete the leadership conference
receive $1,000 scholarships and the opportunity to interview for
summer internships in their office of interest. During the first
internship, participants are assigned to a number of exciting
projects. They’re also given a KPMG mentor and FDL faculty
advisor. Upon successful completion of the first internship,
students receive another internship offer and are eligible to
receive up to an additional $5,000 in scholarships. During their
final summer before graduating, participants complete an
internship in the practice of their choice working with KPMG
client engagement teams. Those who successfully complete
all internships and maintain high academic achievement may
receive full-time job offers.
people
African American Network
“What does
diversity
mean to you?”
Members of KPMG’s Diversity Advisory
Board answer, providing their unique (and
diverse) viewpoints on a subject they’re
clearly passionate about. The Diversity
Advisory Board helps drive the firm’s
commitment to diversity and inclusion
by leveraging best practices; advising
the management committee and board
of directors on diversity strategies and
objectives; and helping to enhance the
recruitment, retention, and advancement
of diverse professionals at KPMG.
12
Asian Pacific Islander Network
Milford McGuirt
Manolet Dayrit
Partner, Audit
KPMG Atlanta
Diversity isn’t just
something nice to have,
it’s a critical part of doing
business in today’s
marketplace. As KPMG
becomes more inclusive, mentors more
diverse candidates, and increases the
diversity of its leadership pipeline, the
firm adds to its competitive advantage.
Shelley Lee Hing
Partner, Advisory
KPMG Tysons Tower
To me, diversity has many
meanings. These include
diversity in approach to
addressing client issues
and presenting solutions;
diversity in the workplace; diversity in
vendors that provide services to KPMG;
diversity in clients that we serve. How we
approach diversity directly impacts our firm
and our competitive advantage.
Partner, Advisory
KPMG New York
Diversity fosters an
environment in which
varying backgrounds,
cultures, and orientations
are respected and
encouraged. It promotes creativity and
generates ideas because of varying
experiences and points of view. It facilitates
the formation of high-performing teams.
Diversity is a competitive advantage because
the markets and clients we serve are diverse.
Norio Takeda
Partner, Audit
KPMG New York
To me, diversity is simply
inclusion. I want to create
an environment at KPMG
in which each one of us
can excel. Whatever the
differences in our backgrounds, cultures, or
beliefs, we must be united in our dedication
to excellence and our commitment to
making KPMG a diverse and inclusive firm.
In the community
KPMG National Diversity Recruiting Manager Jennifer Neal
explains that FDL “is unique because of its strong focus on
academic success. A student needs to meet with an FDL
faculty advisor just to be considered. And if selected for the
program, the mentoring relationship must be maintained.”
She believes in the program so strongly because “FDL helps
diverse students develop career goals and learn the skills
needed to achieve them. It’s also vitally important to KPMG’s
professional pipeline—helping us connect with the very best
of diverse college freshmen and sophomores.”
For more information on KPMG’s FDL program, including
application and timeline, go to www.kpmgcampus.com/FDL/
fdl.shtml. 1
“I completed two FDL
internships—the first in
a client service support
role and the second
in federal tax. Both
experiences really helped
me learn what it was
going to be like as a
professional. Now that
I’ve joined KPMG,
I participate in FDL
introductory sessions,
telling students that
FDL was a wonderful
opportunity to get my
foot in the door and give
my career a head start.”
“FDL is an awesome
program. When I attended
the conference, in three
days I got to know 49
students from across
the country, plus meet
KPMG leaders who shared
their passion for the
profession. After joining
KPMG full time, I continue
to participate in FDL. I
was delighted to attend
the 2010 conference
as a young professional
talking about how the firm
is investing in diversity
programs like FDL.”
There’s a virtual red carpet of KPMG
professionals from across the country focused
on preparing high-achieving diverse students
to be the business leaders of tomorrow.
– Dominique Nettles
KPMG Chicago/Tax
– Carlos Orozco
KPMG Denver/Audit
Hispanic/Latino Network
Pride@KPMG
Manny Fernandez
Tim Stiles
Managing Partner, Audit
KPMG Dallas
Diversity at KPMG is a
direct result of being
inclusive and is shown
in the diversity programs
we have developed and
support. Whether it’s a difference of gender,
ethnicity, culture, or physical disability,
respecting differences makes us stronger as
a firm in terms of thoughts, approaches, and
results. It’s the fabric that truly makes KPMG
a great place to work and build a career.
Lou Miramontes
Partner, Audit
KPMG San Francisco
Diversity enables KPMG to
provide services/solutions
in a variety of situations,
leveraging the points of
view that only a diverse
group can provide. Diversity provides the
firm with increased clout in the domestic and
international business environments. It also
allows KPMG to understand how to access
the diverse talent we need to meet our business objectives.
Women’s Advisory Board
Partner in Charge, Global
Grants Program
KPMG New York
Kelly Watson
Managing Partner, Advisory
KPMG Short Hills
A diverse workforce
is reflective of the
communities in which
we live. Without it, you’re
excluding all sorts of people who bring skills,
perspectives, and life experiences that will
benefit our clients and our firm.
Diversity means giving
our unique group of
professionals a voice. It
means having their voice
heard on their perspective
on our world. Their perspective then gives
me a better, clearer view on what our
collective view should be.
John Tantillo
Nancy Calderon
Partner, Advisory
KPMG New York
Diversity means that the
people I work with and the
clients I serve don’t all look
and think the same. Each
brings individuality and
unique views to the solutions we provide to
our clients. Diversity also means that you
practice what you preach and ensure all are
welcome.
National Partner in ChargeOperations and Americas Chief
Administrative Officer
KPMG New York
By creating a culture of
inclusion that embraces
differences in gender,
race, nationality, and background, we can
generate the richest thinking and best
ideas. It’s about being open to other styles
of thinking and points of view—to seeing
things from a different perspective.
13
Finding the path to professional success takes guidance and inspiration—
and the choice of direction provided by our Audit, Tax, and Advisory practices.
KPMG’s Audit practice plays a key
role in helping to build and maintain
the credibility of independent reporting
for today’s capital markets. It’s an
environment where new auditors can
get their careers off to the right start
because KPMG provides the latest
tools, methodologies and resources
to help them keep pace in this all-important business arena. KPMG
International’s network of member firms means being able to reach out
to individuals around the world for their in-depth knowledge in audit
and other areas such as tax, forensics, information risk management,
and valuation, as well as for their extensive experience in today’s
leading industries. This multidisciplinary approach means more
opportunities to help develop the skills, knowledge, and relationships
needed to keep climbing the career ladder.
Audit
eAudIT is an electronic
audit tool created by
KPMG to provide the methodology,
guidance, and industry knowledge to
perform efficient, high-quality audits.
The tool is a unique combination
of experience and innovation and
helps enable KPMG professionals
worldwide to deliver an unparalleled
audit experience. eAudIT’s activitybased guidance during each step
of the audit process helps every
member of an engagement team
have KPMG’s knowledge base at his
or her fingertips. The industry-specific
knowledge integrated into eAudIT
provides auditors with guidance to
focus on what’s important to each
client’s business.
CAREER DIRECTIONS
Tax
KPMG’s Tax Practice immerses its professionals in a global culture of learning
and provides training and technical knowledge from some of the brightest
minds in tax. KPMG leaders are committed to mentoring new professionals and
creating an environment in which personal and career goals are met. As part
of a global network of member firms, tax professionals at all levels have the
opportunity to assume international assignments and work across borders. To
help KPMG stand out in the new world of tax and help associates move their
careers forward, KPMG’s Global Tax Practice has developed the Global Tax
Proposition: “People thinking beyond the present, seeing beyond borders, and
working with clients to deliver long-lasting value.”
•E
conomic and Valuation
Services: The practice offers a
wide range of advanced
analytical services that can
help clients effectively and efficiently
manage their transfer pricing activities—
including compliance, planning, operational
implementation, and dispute resolution
services—as well as valuation services such
as business valuation, financial reporting,
and tax valuation analyses.
• Federal Tax Services: This practice provides
clients with tax advice and compliance
services that can help them effectively
manage their federal tax obligations for the
present and the future. By being attuned
to the latest IRS rules and regulations,
KPMG’s Federal Tax Services professionals
offer a broad range of services that can
help our clients improve the efficiency and
effectiveness of their operations by providing
knowledge and technology-based applications
that can enhance their tax reporting systems.
• International Corporate Services: To help
multinational organizations deal with their
complex tax issues, KPMG professionals
provide tax advice regarding establishing
new ventures, planning overseas transactions,
and maintaining compliance with tax and
trade regulations in a myriad of global tax
jurisdictions.
• International Executive Services: This
service helps companies manage global
mobility programs for their executives and
employees on international assignments by
providing tax advice on multinational income
tax compliance, technology-based applications
for managing assignment programs, and tax
advice for global compensation packages.
• Mergers and Acquisitions: Mergers and
Acquisitions professionals offer companies
and private equity funds global perspective and
local tax-law knowledge that can help facilitate
business combinations and divestitures,
as well as providing a range of services to
troubled companies, including restructuring.
• State and Local Tax Services: KPMG’s State
and Local Tax professionals help organizations
manage their state and local tax obligations,
including income and franchise tax, sales,
and transactions tax, and business incentives
services, while keeping clients abreast of new
developments.
FORTUNE 1,000 companies and other organizations
rely on KPMG’s Advisory Practice for trusted
business advice. KPMG’s deep industry experience
and insights can help clients understand market
dynamics and address the root causes of some
of their most complex challenges. Advisory
organizes its client service delivery teams into
three groups—Performance and Technology,
Risk and Compliance, and Transactions and Restructuring. This helps develop,
deploy and manage our professionals so KPMG can provide the right team and
right response to help clients meet complex challenges.
Advisory
• Performance
and Technology:
Companies constantly look to
improve their performance. But
how do they make improvements and investments
that can be sustained? Professionals in KPMG’s
Performance and Technology group work with
clients toward sustainable business and technology
performance. Finance, supply chain and operations,
human resources, and information technology are
all key areas where KPMG can help executives
transform businesses. Across all business
functions, they can help companies improve
business intelligence, shared services,
and outsourcing capabilities.
• Risk and Compliance: Evolving markets
expose companies to the complexity of
risk, whatever the source of that risk.
Professionals in the Risk and Compliance
group can help clients identify, understand,
and act on threats and opportunities,
regulatory requirements, and competitor
vulnerabilities. They provide wide-ranging
and cohesive services to address such
needs as governance, risk management,
compliance with regulation, managing major
projects, conducting forensic investigations,
contract compliance, internal audit,
information protection, and sustainability.
• Transactions and Restructuring: Whether
it’s an opportunistic acquisition or a forced
sale of assets, the most dramatic and
certain business transformation may take
place in the merger and acquisition space.
Professionals in the KPMG Transactions and
Restructuring group work with companies
that are buying or selling businesses,
seeking financing, or experiencing financial
difficulties. KPMG can assist companies at
every stage of the transaction life cycle—
working with clients to set the growth
agenda, and then help execute it—with a
focus on helping businesses derive value
for shareholders and stakeholders.
15
Fistful of
Dollars
How using credit wisely can help you keep
your cash and your good credit score.
16
Lifestyle
L
earning to manage your money and build a good credit record has been part
of college life for a long time. And it hasn’t always been easy. There are
lots of buying temptations out there and, let’s face it, credit card rules and
fees can be as complex as a calculus exam. In addition, what’s defined as an
“excellent” credit score keeps inching up: a credit score over
700 is now the threshold for the best rates and terms.
Building your credit reputation is important, so get
credit working to your advantage by following
these guidelines:
1
Establish a few credit cards during college, but keep your
debt low and manageable. Low balances on your credit cards
can help your credit score.
2
Pay your bills on time. If you pay 30 or more days late, it may
stay on your credit report up to seven years. Payment history is
crucial to a good score, so watch the calendar for payment due
dates.
3
Once a year, get a free credit report from the three big
reporting institutions, Equifax, TransUnion, and Experian. Check
your credit score and the information in the report. Then clear up
any inaccurate information by writing a letter to each company,
providing the correct information, and asking them to update your
credit report.
4
If you have legitimate derogatory information in your credit file,
it will be removed after seven years.
The Credit Card Accountability Responsibility and Disclosure Act of 2009 has made credit
simpler and more consumer friendly (see some of the changes below). Even so, good
credit management requires three fundamentals: don’t charge more than you can pay for;
pay your credit card bills on time; and learn to treat your credit reputation like gold—
not just a piece of plastic.
Now, there’s support for anyone trying
to be responsible with credit. These
new credit law provisions are designed to
keep credit easier to manage and rates, fees, payments,
and terms clear:
1
Credit card issuers can’t raise interest rates on existing
balances. If you open a new credit card account, the issuer
can’t raise your interest rate for 12 months.
1
Credit card companies cannot charge a fee when you
exceed your credit limit.
1
ard issuers cannot charge a fee for paying your bill
C
by phone unless you ask for expedited payment or for
customer service.
1
redit card issuers must mail or deliver your bill at least 21
C
days before payment is due. Due dates must be the same
every month.
1
anks can no longer use your average daily balance over
B
two months to calculate interest.
1
ard issuers must give 45 days’ notice before raising
C
interest rates, changing fees, or making other major
account changes.
1
redit card issuers must tell you how long it will take to pay
C
off your balance if you make minimum monthly payments.
1
our statements must show the dates by which your
Y
payment must be received to avoid late charges.
To get your free, annual credit report:
You’re entitled to a free copy of your credit report once every 12 months. Visit www.annualcreditreport.com, call
1-877-322-8228, or complete the Annual Credit Report Request Form and mail it to: Annual Credit Report Request Service,
P.O. Box 105281, Atlanta, GA 30348-5281. You can find the form itself by visiting www.ftc.gov/credit.
17
26,000km +14 countries +1 SRZero
I
n summer 2010, a group of students at Imperial College in London took
a great eco road trip—driving the Racing Green Endurance (RGE) Radical
SRZero sports car from Fairbanks, Alaska to the southern tip of Argentina.
KPMG was a global sponsor as part of the firm’s commitment to advance
green technologies. SRZero became the first electric vehicle (EV) to travel the
entire 26,000-kilometers of the Pan American Highway, stopping in Canada,
the United States, Mexico, Peru, Chile, and Argentina.
“We believe EVs are much more capable than most people believe,” says Alex
Schey, Project Manager at RGE. “By building and successfully demonstrating
a ‘zero emissions’ vehicle with this kind of range, we’re taking a massive
step in changing perceptions.” In fact, SRZero is one of the most efficient
and downright exciting EVs.
KPMG’s Global Citizenship strategy is focused on addressing key issues,
including environmental sustainability. Through the Global Green Initiative,
the firm uses business skills and global reach to support innovative projects
that raise awareness and help address the challenges of climate change.
“KPMG sponsored RGE,” says Steve Clemente, Principal-In-Charge, Operations
Services and Leader of Living Green, “because we believe we should use our
skills and resources to become fully involved in finding sustainable solutions
to global and local issues.” In this case, KPMG’s commitment helped take a
group of enthusiasts from Alaska to Argentina without using a single gallon
of gasoline. 1
T h e R a d i c a l S R Z e r o I S E l e c tr i c a n d Fa s t
1 Built on the chassis of the world’s
fastest production car.
1 Reaches top speeds of up to
200 km/hr.
1 400-horse power electric motors.
1 Lithium Iron Phosphate cells
with a total capacity of 56 kwh
store energy.
1 Two electric motors in the rear
transform electrical energy into
mechanical movement.
= EcoRoadTrip!
Global Citizenship
KPMG GOes Green
Way to GO! Since KPMG started its Living
Green environmental program in the United
States in 2008, the firm has exceeded its
goals, achieving a 26-percent reduction in
its carbon footprint through 2009. Meaning
KPMG has reduced electricity consumption
by nine percent; reduced paper consumption
by 33 percent; and increased the percentage
of recycled paper used by 85 percent. Every
laptop, monitor and printer is now recycled,
and something called “server virtualization”
has allowed one computer server to perform
like many and prevent the emission of over
1,000 tons of carbon dioxide.
The new KPMG technology center uses
multiple sources of electrical power, but
features gas micro-turbines that generate
more than 70 percent of the power needed to
run the facility and produce ultra-low carbon
dioxide and particulate emissions. The firm
has also earned Leadership in Energy and
Environmental Design (LEED) certification
from the U.S. Green Building Council for our
offices in Nashville, San Diego, and Orange
County, California. The Boston and Charlotte
offices have each received gold-level LEED
certification.
This initiative is fueled by some 20,000 KPMG
employees, many of whom are personally
involved, driving local initiatives including
recycling programs, city-wide environmental
programs, and volunteer events during
KPMG’s annual Living Green Week. In its first
three years, Living Green has demonstrated
how one forward thinking firm can adapt to
climate change and provide an example of
green responsibility for everyone. 1
KPMG is also bringing the green
movement to campus through its
sponsorship of the second annual
KPMG Living Green Case Competition
at 10 U.S. universities. Check it out
at http://www.kpmgcampus.com/
globalgreencasecompetition/index.asp.
1 The batteries’ DC power is converted
into an AC signal by inverters that
facilitate the operation of the motors
and the kinetic regenerative braking
system.
1 A controller acts as the brain of
the car, integrating all power train
components, battery-management
system, motor controllers, driver
interface, and safety systems.
GO for more
“A picture’s worth...” and this
Eco Challenge Flickr gallery
of the journey proves it.
19
Etcetera
TOP TEN
KPMG is ranked
second (ahead
of the other
three firms in
the Big Four) in Universum’s 2010 global
talent attraction index, The World’s Most
Attractive Employers. The index is compiled
from information provided by approximately
130,000 career seekers with business or
engineering backgrounds. Google retains the
No. 1 position, but the Big Four took the next
four slots in the index.
World’s Most Attractive
employers
1. Google
2. KPMG
3. Ernst & Young
4. PricewaterhouseCoopers
5. Deloitte
6. Procter & Gamble
7. Microsoft
8. The Coca-Cola Company
9. J.P. Morgan
10. Goldman Sachs
What’s DIFFERENT about the eco race?
Compare the two pictures below. See if you can find all the
differences between the shot on the right and the original on
the left. There are a total of 10, and some
are harder to find than others.
go 4 more...
Can’t find them all? For answers, go to:
www.kpmg-go.com/Answers.
Perk Alert! There’s magic in it.
Trying to conjure up a way to
afford the lifestyle you’ve set
your sights on? Try KPMG’s
Perks at Work program. It’s
a single source for great
deals, exclusive discounts,
and exciting “finds.” And it’s
especially nice for recent grads
who want to make a good start
in a stressed-out economy.
How you look: Lookin’ good at top-of-the-line
retailers like Nordstrom, Nike, Banana Republic®, Ugg®
Australia, and others.
Where you go: Sail away, take to the sky, or
hit the open road with Hertz®, Sandals® Resorts,
Carnival Cruise Lines®, Expedia.com®, and more.
What you do: Discounts on the best in
entertainment and more from Apple®, Sony®,
Verizon®, or Bose®.
Just log on to KPMG.corporateperks.com, click on “register now,” enter your full name,
and the “magic word”—KPMGspring11.
The URL above will give you access to a third-party, non-KPMG Web site as a convenience to our users. As KPMG
does not control and is not responsible for third-party Web sites or their contents, you are urged to review all terms
and conditions, privacy policies, and disclaimers that appear on all third-party Web sites and govern the access and
use of such third-party Web sites.
Learn more about KPMG’s benefits and programs by registering on our Web site at www.kpmg-go.com.
20
Phil Mickelson
KPMG-sponsored Pro Golfer
Things
to Know
About Me
1 Ilove spending time with my three kids,
Amanda, Sophia, and Evan.
2 Imarried my love, Amy, on November 16, 1996.
3 Ihave a T-Rex head in my office…really.
4 M y favorite burger place is Five Guys.
5 This year I became a vegetarian.
I know, hard to believe. (see #4)
17 Ihad a putting and chipping area in the
in the show in 2008. Pretty fun.
18 Iam a big fan of math & science and believe
6 Ilove the show Entourage. I got to play myself
7 M y favorite club is my 64° Callaway forged wedge.
Not many guys use it, but it’s key to my short game.
8 I’ve kept the same agent and caddy my whole career.
backyard as a kid that my father built for me.
that, as a country, we should be investing
more in education. That’s one of the
reasons Amy & I started the ExxonMobil
Teachers Academy.
The people around you say a lot about a person.
19 During my career, I’ve won four majors,
favorite is still Augusta National Golf Club.
20 Iturned pro at the age of 22 after graduating
9 Iget to play a lot of great golf courses, but my
10 40 PGA Tour wins and counting!
11 Some of the best memories from my childhood
are when my Dad would pick me up from school,
and we’d spend the afternoon playing golf ‘til dark.
12 Everything in my life changed on April 13, 1980,
when I watched Seve Ballesteros walk triumphantly up
the 18th fairway at Augusta National. I said to my mother,
“One day, that’s going to be me.”
13 Iwon my first PGA Tour event as a college junior.
14 Ifirst picked up a golf club when I was 1 ½ years old
and would mirror my Dad’s swing.
15 The morning after I won the Masters, I took the kids to pick
up Krispy Kreme, wearing my
green jacket. Hey, it was a
little chilly that morning.
16 Iam right-handed in
everything except golf.
including the 2004, 2006, and 2010 Masters.
from Arizona State University in 1992.
21 I called last year’s Super Bowl champions, the Saints,
but I root hard for my sweet San Diego Chargers.
22 M y first golf course design was Whisper Rock in Scottsdale,
AZ. I’m currently working on a number of projects around
the world.
23 Amy & I started the charity Birdies for the Brave in 2003 to
support our troops injured during combat. For each birdie
or eagle made on Tour throughout
the season, a contribution of $100 for
a birdie or $500 for an eagle is made to
both the Special Operations Warrior
Foundation and Homes for Our Troops.
24 Ihave an amazing job…I get to play the sport that I love
and spend time with great people.
25 Itruly enjoy being part of the KPMG family.
GO for more
Learn more about Phil Mickelson and
his philosophy on golf, business, and life
at the KPMG microsite: phil.kpmg.com
RANKED #2 BY UNIVERSUM, 2010
Best of the Big Four
KPMG has topped the competition on Universum’s
2010 List of World’s Most Attractive Employers.
It’s recognition of our commitment to developing
teams that deliver forward-thinking solutions to
our clients’ domestic and international needs.
As the industry leader, we are looking for
globally-minded talent who are passionate
about turning complexity into understanding.
Discover what it’s like to be at the
top at KPMGcampus.com.
© 2011 KPMG LLP, a Delaware limited liability partnership and the U.S. member
firm of the KPMG network of independent member firms affiliated with KPMG
International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Printed in the U.S.A. The KPMG name, logo and “cutting through complexity”
are registered trademarks or trademarks of KPMG International. 22959NSS