At KPMG, we stimulate discussion and debate about matters affecting the business and public sector communities. Hence, we are hosting our "2010 Spring Forum" to invite representatives of top Romanian and multinational companies to meet and exchange views.

Responding proactively to client needs, KPMG in Romania has recognized that financial statements preparers in Romania need local language International Financial Reporting Standards (IFRS) illustrative financial statements and has launched the publication Illustrative Financial Statements under International Financial Reporting Standards.

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.

The VAT package makes significant changes to the taxation of services rules and new reporting requirements

While opinions are divided over where we are on the journey to economic recovery, few, however, would argue that the road to recovery will ultimately be a long one. The latest edition of "frontiers in finance" looks into programs that have already been put in place to try to jump start the recovery; the almost inevitable regulatory reform that will follow; as well as insights on some issues you may need to think about now to help emerge stronger as business recovers.

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.

Ethics and integrity are at the heart of KPMG's business. They represent core values for KPMG and have been key to our success since we first came to Romania in 1994. We are now very pleased to publish our Transparency Report for KPMG AUDIT SRL. The report explains how KPMG complies with the EU's Eighth Directive on Statutory Audits, which has recently been implemented in Romania under Government Emergency Ordinance 90/2008.

KPMG in Romania has published a study comparing International Financial Reporting Standards (IFRS) with Romanian Generally Accepted Accounting Principles (GAAP) in the banking sector. This is the first time such a comparative study has been carried out, and it reveals the differences.

KPMG in Romania
Victoria Business Park
DN1, Soseaua Bucuresti - Ploiesti nr. 69-71
Sector 1,Bucharest, 013685
ROMANIA, P.O. Box 18 - 191

Tel: +40 (741) 800 800; +40 (21) 201 22 22
Fax: +40 (741) 800 700; +40 (21) 201 22 11
E-mail: kpmgro@kpmg.ro


For more information please click here.

As part of our ongoing expansion into the regions, KPMG in Romania is pleased to announce that it has recently established a new office in Iasi, which had its official opening on 20 October 2008. KPMG Iasi will provide our full range of Audit, Tax and Advisory services, and its opening marks a further stage in the rapid development of our business which has taken place over the past few years.

Serban Toader, Senior Partner
stoader@kpmg.com

KPMG in Romania, Bucharest Office
Victoria Business Park
DN1, Soseaua Bucuresti - Ploiesti nr. 69-71
Sector 1
Bucharest, 013685
ROMANIA P.O. Box 18 - 191

Tel: +40 (741) 800 800; +40 (21) 201 22 22
Fax: +40 (741) 800 700; +40 (21) 201 22 11
E-mail: kpmgro@kpmg.ro


Click here for more information about our office locations in Romania.