RegulationAccounting StandardsKPMG LLP sets up IFRS Institute

KPMG LLP sets up IFRS Institute

KPMG LLP sets up IFRS Institute to encourage global stakeholder dialogue on adoption of IFRS in USA

KPMG LLP is planning to
set up a KPMG IFRS Institute aimed at fulfilling the information needs of
companies, investors, academics and others affected as US companies make the
transition to International Financial Reporting Standards (IFRS).

‘As companies expand their reach and economies globalise, the ability to
compare financial statements across borders has become imperative,’ Timothy
Flynn, KPMG LLP chairman and CEO, said. ‘The question about whether the world is
going to global standards is no longer “if”, but “when”.’

‘We believe a single set of accounting standards used globally will benefit
both companies and investors,’ Flynn said. ‘The KPMG IFRS Institute will
increase awareness about IFRS and give a voice to each participant in the
financial reporting process.

The Institute will hold its inaugural IFRS webcast on May 1. It will be
hosted by KPMG partner Janice Patrisso, who has been named director of the IFRS
Institute.

Further reading:

Key IASB project is ‘not under-staffed’

Profile: Sir David Tweedie, setting the standards

Related Articles

Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

1w Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

3m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

4m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

5m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

5m DAC Beachcroft
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

7m Alia Shoaib, Reporter