KPMG SETS UP IFRS INSTITUTENew York — KPMG has established the IFRS Institute to address the needs of companies, investors and academics affected by the transition to International Financial Reporting Standards.

The goal is to help foster a smooth adoption of the new standards. The Securities and Exchange Commission is expected shortly to issue a rule outlining the manner, timing and eligibility for some U.S. public companies to transition from U.S. generally accepted accounting principles to IFRS.

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