The new KPMG in Romania brochure is now available. It contains full details of our Audit, Tax and Advisory services, and how KPMG in Romania can assist both Romanian and multinational companies with a wide range of issues relating to the development of their business in the current challenging economic climate.

KPMG in Romania has published a second edition of its study comparing International Financial Reporting Standards (IFRS) with Romanian Generally Accepted Accounting Principles (GAAP) for Romanian credit institutions. Our study revealed that the impact on banks of the differences between Romanian GAAP and IFRS increased in 2008 and continued to do so in 2009, mainly due to lower IFRS impairment provisions for loan portfolios as compared to Romanian GAAP.

Now is where yesterday and tomorrow meet. In Romania we celebrated 15 years of yesterdays. These we know, can measure and can enjoy. What do we know about tomorrow? When you have over 600 staff in Romania and 137.000 worldwide, it is a rare event that has not been experienced by us at some point.

KPMG in Romania is pleased to announce the appointment of two new partners with effect from 1 October 2009. KPMG in Romania is continuing its tradition and philosophy of promoting local staff to the highest positions in the firm.

KPMG in Romania announces the appointment of a new Head of Tax, Mark Gibbins, with effect from 1 October 2009.