KPMG Establishes IFRS Institute

NEW YORK, April 22 /PRNewswire/ -- KPMG LLP, the audit, tax and advisory firm, today announced the establishment of the KPMG IFRS Institute to raise awareness and address the information needs of companies, investors, academics and others who may be affected by a transition by U.S. companies to International Financial Reporting Standards (IFRS).

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

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