https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t What do new joiners need to know? en-us 2021-12-12 15:37:42 UTC 2025-12-01 16:25:39 UTC hello@padlet.com https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944030340 That depends on the entity you are dealing with - you can use Sentinel to identify audited entities and affiliates (there are separate 'how to' guides available)

Introduction to Sentinel (what it is, what it does, why they need to use it)

]]> 2021-12-13 09:16:33 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944030340 https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944031484 * There are rules around what you do outside of KPMG (i.e you can't be a director etc) strict rules around additional employment
* Understand what external activities and additional employment you can and can't engage with 
AND how you can notify KMPG and gain approval 
* Complete a form on the intranet ]]> 2021-12-13 09:17:21 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944031484 https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944031868 Brief point - you might need to know this in the future ]]> 2021-12-13 09:17:38 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944031868 https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944032348 You need to report any close relationships with audited entities by completing a form on the portal ]]> 2021-12-13 09:17:59 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944032348 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944053690 * Different restrictions apply to different types of audited entity 
* You can only offer these entities certain services based on their classification
* You can only offer permitted services to PIEs/OEPIs

Links to service permissibility information (and learners should know where to look for this information)]]> 2021-12-13 09:31:58 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/1944053690 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015626129 Links to guidance on how to assess service permissibility
Who to contact for support]]> 2022-01-27 11:16:27 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015626129 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015626248 Links to guidance

Who to contact for support: different teams for different restrictions]]> 2022-01-27 11:16:33 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015626248 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015640751 * of mind 
* of appearance]]> 2022-01-27 11:26:30 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015640751 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015641011 2022-01-27 11:26:42 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015641011 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015665295 Submitting a sentinel request

Can threats to independence be safeguarded? Threats and safeguards analysis

Remember the third party test "would a reasonable and informed third party think it was reasonable to have this relationship"]]> 2022-01-27 11:44:55 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015665295 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015674198
Everyone

Client facing / non-client facing
Audit and not audit

But there are different rules]]> 2022-01-27 11:51:24 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015674198 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015676640 * As someone who works for KPMG, there are restrictions on what you and your immediate family members can invest in 

* This applies to client-facing (but it is worth everybody understanding)

* What you can and can't invest in is related grade and capability area

* Not just about investments - this about your role outside of KPMG and what your family members do

Restrictions on direct financial interest:

* Direct financial interest: It's not permissible to hold a direct financial interest (stocks/shares/bonds) in any KPMG audited entity 

Additionally...
* Partner Equivalent restrictions
* Audit restrictions 

]]> 2022-01-27 11:53:08 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015676640 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015685435 * You must check KICS before you invest - Partners and Partner Equivalents must pre-clear (mandatory)
* KICS is a tool that records all investments - KPMG Independence Compliance System (KICS)
* Know how to use the KICS tool (links to 'how to' guides)
* For partners and PEs the partner independence team maintain this for you ]]> 2022-01-27 11:59:48 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015685435 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015701703 * Use KICS - it's a tool that records all investments - KPMG Independence Compliance System (KICS)

]]> 2022-01-27 12:12:24 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2015701703 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2020929379 Links to guidance

Who to contact for support]]> 2022-01-31 10:00:11 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2020929379 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2020963626 Failure to comply - the firm and you personally are exposed]]> 2022-01-31 10:23:21 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2020963626 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2036547572 Acknowledgement that this is one of the trickier subjects ]]> 2022-02-08 21:27:04 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2036547572 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2036551198 * Covered persons
* Immediate family]]> 2022-02-08 21:30:00 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2036551198 Laura_Desq https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2040791747 What is an audited entity?
Affiliates
UK PIES/OEPI
SEC]]> 2022-02-10 17:31:50 UTC https://padlet.com/Laura_Desq/l2d1fb2rrxrwlb1t/wish/2040791747