KPMG has expanded in Mongolia by combining its team with professional services firm NIMM Audit, a former Nexia International member
NIMM Audit provides audit consulting and valuation service for companies in mining, transport, energy, financial services and the public sector, among others.
The 50-staff firm will work alongside seconded industry experts from other KPMG firms with the aim of establishing the largest service provider of its kind in Mongolia.
KPMG’s move into Mongolia is a sign of the country’s growing strategic importance. KPMG International chairman Michael Andrew explained there are solid growth prospects largely driven by vast untapped mineral reserves and need for infrastructure development.
“Globally, KPMG has very strong energy and natural resources and infrastructure practices, with deep experience to support the new Mongolian firm and contribute to these important projects,” Andrew said.