London-based professional services organisation Ernst and Young (EY) said it has expanded in Myanmar to offer assurance services through the admission of a new member firm.
The new entity, EY UTW (Myanmar) Ltd, adds to the multidisciplinary suite of tax, transaction and advisory services that EY has been offering since April last year to companies that are seeking to invest in Myanmar.
Max Loh, Asean and Singapore Managing Partner at EY, said: “This is an important development for us as we are now even more connected and responsive to the evolving needs of our clients who have increasingly expressed interest in this new frontier market.
The 60-member EY UTW (Myanmar) will be connected with EY’s other member firms across Asia-Pacific, leveraging EY’s global strength, scale and experience in helping clients do business in Myanmar, the firm, which is one of the “big four” audit firms in the world besides Deloitte, PwC and KPMG, said.
Loh said by adding assurance to the firm’s existing tax, advisory and transactions services, it seeks to help its clients provide confidence to their stakeholders and build trust in the capital markets.
“Such trust and confidence will be core to sustaining the economic health and growth of the country, which resonates with our purpose of helping to build a better working world,” Loh said.
U Tin Win, country managing partner of EY in Myanmar, said: “Our ability to provide multidisciplinary services that are underpinned by strong local market experience and seamless access to our extensive global resources, will add even greater value to both domestic and international companies across a variety of sectors that are poised for expansion in Myanmar, as well as to the development of the country.”