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