A Quarterly Newsletter from the UAE and Oman member firms of the PKF International Ltd.

VOL 14, Issue 04 October 2012

PKF International

INTERNATIONAL COOPERATION

PKF UAE regularly works in collaboration with other PKF International members firms on various cross border assignments. Recently PKF UAE worked in collaboration with PKF International member firms in Singapore, Ghana, Kenya, Nigeria, Egypt, South Africa, U.K., Oman, Bahrain, Qatar, Saudi Arabia and India.

PKF Dubai and PKF Singapore audit staff along with the staff of Afriventure on completion of their audit in Dubai (see picture below):

PKF (UK) LLP AWARDED MAJOR HOSPITAL PPP ASSESSMENT IN AFGHANISTAN

PKF (UK) LLP’s International Projects Group (IPG), in partnership with the UK firm’s PPP team, has recently been commissioned to provide advice to the Ministry of Public Health in Afghanistan on the management and operation of a new private sector hospital in Kabul.

The Jumhoriat hospital building in Kabul was constructed by the Chinese in 2006 but has never opened for business, despite being kitted out with all the necessary facilities and equipment.

The Afghan Government is now looking to establish a PPP arrangement by which to operate the hospital to help Afghanistan meet its health targets and to utilise the existing facilities. PKF (UK) LLP will undertake a market and facilities analysis as well as develop a financial model to support the Ministry of Public Health’s negotiations with the private sector over the future of the hospital. This wide ranging study will generate 150k of net fees to the firm.

SUPPORT TO CAG, BANGLADESH

PKF (UK) LLP’s International Projects Group (IPG) has also recently been awarded (see photo of signing ceremony alongside) a two-year $ 8.5m World Bank-funded contract to provide institutional development and capacity-building support to the Office of the Comptroller and Auditor General (OCAG) in Bangladesh. PKF (UK) LLP leads a consortium comprising the UK NAO, the UK institute of public sector accounting, CIPFA and HB, a Bangladeshi consultancy.

The contract was won against stiff competition from PWC, KPMG, Deloitte and a number of niche consultancies. With on-going assignments with SAIs in Palestine, South Sudan and Sierra Leone, and recently completed SAI projects in Afghanistan and The Gambia, this success consolidates PKF (UK) LLP IPG’s position as one of the leading providers of technical assistance to developing nation SAIs.