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Glossary 

It is the nature of business to shorten names and titles to acronyms and to have an ever-increasing number of terms which might puzzle the uninitiated. This page offers some definitions of commonly used acronyms and terms.


Joint venture

Klynveld Peat Marwick Goerdeler

A forum where organisations can learn more about the requirements of section 404 of the Sarbanes-Oxley Act (SOX 404), and discuss ways to address the evolution of effective internal controls.

A network of KPMG professionals based in KPMG member firms providing services to clients in the electronics and software sectors.

The Masterclass training program is a cooperative approach to learning. Built around case study workgroups, over the course of two days, the workgroups and the client work together discussing client issues, brainstorming possible solutions, and cultivating a client/KPMG network.

Through the Global Client Program Financial Services coordinates global service delivery, to clients aligning their line of business, functions and regional needs.

A network of KPMG professionals based in KPMG member firms providing financial services.

A network of KPMG professionals based in KPMG member firms providing tax services to organisations in the financial services sector.

A network of KPMG professionals based in KPMG member firms providing services to clients in the automotive sector.

A network of KPMG professionals based in KPMG member firms providing services to clients in the chemicals sector.

A network of KPMG professionals based in KPMG member firms providing services to clients in the energy and natural resources sectors.

The KPMG Global Energy Conference is held annually in Houston, Texas, USA.

For financial executives in the energy industry to learn about the industry challenges and opportunities, share leading practices and conduct an ongoing dialogue about emerging energy-industry issues.

A network of KPMG professionals based in KPMG member firms providing tax services to clients in the energy and natural resources sectors. 

A network of KPMG professionals based in KPMG member firms providing tax services to clients in the financial services sector.

A network of KPMG professionals based in KPMG member firms providing services to clients in the food, drink and consumer goods sectors including food, drink, tobacco, apparel, consumer durables fast moving consumer goods (FMCG), and luxury goods.

A network of KPMG professionals based in KPMG member firms providing forensic services.

A network of KPMG professionals based in KPMG member firms providing services to clients in government.

A network of KPMG professionals based in KPMG member firms providing services to clients in the industrial products sector including industrial manufacturing, aerospace and defence, machinery and electrical equipment manufacturing, metal processing and metal products.

A network of KPMG professionals, based in KPMG member firms providing services to clients in the real estate and construction sectors.

A network of KPMG professionals based in KPMG member firms providing services to retail clients.

KPMG GTO practice. A network of KPMG professionals based in KPMG member firms providing global tax outsourcing services.

A network of KPMG professionals based in KPMG member firms providing global transfer pricing services.

A network of KPMG professionals based in KPMG member firms providing services to clients in the transport sector including aviation, shipping and ports, land transport, road freight and logistics.

KPMG Global Tax Outsourcing practice. A network of KPMG professionals based in KPMG member firms providing global tax outsourcing services.

KPMG International Financial Reporting Group. A single independent unit based in the U.K. providing international financial reporting services.

A network of KPMG professionals based in KPMG member firms providing indirect tax services.

KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent firms.

The International Board has an overall mandate to review, endorse and implement the policies and regulations of KPMG International.

A network of KPMG professionals based in KPMG member firms providing international corporate tax services.

The International Council approves common goals and significant new policies to make sure the network of member firms that comprise KPMG International is developed, governed and managed effectively. The Council meets at least twice a year.

An eight-member International Management Committee, which meets at least six times a year, is responsible for debating key issues and making recommendations to the main Board.

A network of KPMG professionals based in KPMG member firms providing IT advisory services.

A network of KPMG professionals based in KPMG member firms providing services to clients in the private equity market.

International climate change accord

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