Global auditing firm KPMG has highlighted geopolitical risk as the main issue occupying the minds of attendees at the planet Economic Forum (WEF) in Davos, Switzerland.
Bill Thomas, chairman of KPMG International, told CNBC on Monday which a survey of 1,300 chief executives had showed which geopolitical risk has risen right to the top of leaders’ concerns as well as was encouraging executives to seek answers.
“the idea is usually all about uncertainty. Businesses today, if they know what the rules of the game are, then they can respond,” he said.
“yet the geopolitical risks which we have are so uncertain, which’s why we are seeing record numbers here at the planet Economic Forum.”
Thomas added which last year’s speech by Chinese President’s Xi showed how influential Davos can be in shaping people’s thinking.
KPMG revenues grew to a record $26.4 billion for the 2017 fiscal year. The company said growth is usually being driven by investments in technology, alliances as well as developing brand-new services.