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Date: 1/30/2012

2011

The 2011 news releases from KPMG are listed below.

KPMG wins Accountancy Firm of the Year at the 5th annual European M&A Awards

The KPMG ELLP Transaction Services team was awarded the prestigious European Accountancy Firm of the Year accolade at the 5th annual European M&A Awards ceremony.

Fifth issue of the AML/CTF and compliance risks information newsletter

KPMG, in conjunction with the Association of Russian banks (ARB), has published the fifth issue of the Anti-Money Laundering and Counteracting Financing of Terrorism (AML/CTF) and Compliance Risks information newsletter.

KPMG Study: Emerging Markets Lead Social Media Adoption

While more than 70 percent of organizations around the world are now active on social media, a recent report by KPMG International finds that businesses in the emerging markets are surging ahead of those in mature markets in this area.

Christian Heichele joins Risk Consulting team in Moscow as a Partner

Christian will be leading Financial Risk Management (FRM) practice which provides risk management advisory services to financial sector as well as CIS corporates.

Supported by KPMG the Naberezhnaya Tower hosts the first BashnyaBazaar

BashnyaBazaar took place in the Naberezhnaya Tower Complex shopping area.

KPMG reports FY11 revenues of US$22.7 billion

Double-digit growth achieved in challenging environment.

Andrei Balyakin: our champion in winter kiteracing

At the Siberia Winter Kitesurfing Cup, which ended recently, Andrei Balyakin, Manager, ITS, KPMG in St. Petersburg, came second overall.

Are retail banks ready for social media?

KPMG International launches ‘The Social Banker’ an article series looking at the impact of social media on retail banking.

KPMG supports Delovoy Kvartal's Man of the Year awards

This year, KPMG regional offices will be general partners of Delovoy Kvartal’s Man of the Year awards in regions such as Yekaterinburg, Kazan and Novosibirsk.

Alexandra Ivanova joins Management Consulting team in Moscow as a SAP Partner

MC Strategy assumes creation of SAP practices, able to support IT enabled Transformation engagements and at the later stage full cycle SAP Advisory.

Business confidence slumps globally

KPMG’s Business Outlook survey shows a sharp decline in business optimism, weakening growth prospects and slowing job creation.

KPMG and WWF publish latest data on associated gas flaring in Russia

Russia remains the world’s biggest associated gas flarer, accounting for about 26% of the global total. Russia's volumes are more than double those of second-placed Nigeria.

KPMG wins PEOPLE INVESTOR 2011 Grand Prix award

On 24 November, the Russian Managers Association conducted in Moscow the 4th international forum PEOPLE INVESTOR 2011, which focused on managing non-material risks – economic, political, social and environmental risks.

Global rebalancing of corporate versus indirect tax continues: KPMG International Survey shows

According to KPMG International’s annual Corporate and Indirect Tax Survey, the 2011 story of the world’s corporate and indirect tax rates continues that of the one told in previous years.

IASB and FASB issue their revised proposal for revenue recognition

KPMG welcomed the second round of proposals on revenue issued today by the International Accounting Standards Board and the US Financial Accounting Standards Board.

International Accounting Bulletin ranks KPMG #1 firm in Russia

According to International Accounting Bulletin, an increased appetite for consultancy services in Russia have given professional services firms a boost during the past 12 months.

Assurance of sustainability reports for all stakeholders

On 11 November and 1 December 2011 KPMG will hold seminars on the assurance of sustainability reports for all stakeholders.

KPMG published global survey "Thinking Beyond Borders"

KPMG's "Thinking Beyond Borders" review sheds light on the risks associated with short-term business trips by company employees to different countries.

Debt markets to see unprecedented activity in 2012, says KPMG report

After almost three years of economic recession and stagnation, many markets are starting to feel the pressure of mounting debt, according to a recent market review conducted by KPMG’s Portfolio Solutions Group.

KPMG Member Firms Exceed Emission Reduction Target

Success of KPMG’s Global Green Initiative demonstrates commitment to reducing environmental impact.

Russian and foreign investors rush to buy up assets to expand onto new markets

KPMG and BFM.ru have prepared a ranking of the largest mergers & acquisitions deals in the third quarter of 2011.

Blair McCallum joins P&T team in Moscow as a Partner

Blair will be responsible for developing our Lean Operations capabilities, and help CIS Clients to radically change productivity of their manufacturing operations by addressing operating system.

Vugar Farman Aliyev appointed Managing Partner of KPMG in Azerbaijan

Vugar will be tasked with re-building KPMG’s presence in Azerbaijan.

Developed countries leading the M&A pack

There is a steady climb in M&A deal, according to KPMG’s recent surveys. Transaction activity, however, is still well below historical peaks.

KPMG proudly presents our new partners in Russia and the CIS

On 1 October 2011, 15 new partners were appointed. The appointments encompassed all lines of business: Audit, Tax & Legal and Advisory.

A milestone on the journey to Integrated Reporting

KPMG believes that Integrated Reporting provides a potential new source of competitive advantage for business in the search for capital at a reasonable cost.

KPMG has been ranked second among world’s most attractive employers again

KPMG has been ranked second for two years running on Universum’s 2011 index of “The World’s Most Attractive Employers”.

Worldwide business confidence experiences significant retreat

KPMG’s Pulse survey shows a drop in optimism in most markets coupled with an expected slowdown in employment growth.

Anti-money laundering drops down boards’ agenda in wake of financial crisis

Anti-money laundering (‘AML’) is being squeezed by other priorities, according to KPMG’s Global AML survey 2011.

Picking up speed: Trucking and the rise of the emerging markets

The global commercial vehicle market is starting to motor. But rather than the fuel-injected, western-dominated growth that characterised the industry in the past, this time the engine is being fuelled by the emerging markets.

KPMG reopens office in Azerbaijan

KPMG is pleased to announce the reopening of its Azerbaijan practice and appointment of Vugar Farman Aliyev as Managing Partner of KPMG in Azerbaijan.

Global M&A revival still on track despite recent fall in confidence

The latest issue of KPMG International’s Global M&A Predictor is now out.

KPMG presents the first issue of the Bulletin "In Focus: Corporate Governance and Sustainability"

In publishing this newsletter, we hope to satisfy the growing demand for up-to-date, objective and professional information on issues of corporate governance and sustainable development.

Vitaly Sheremet joins KPMG in Russia and the CIS as a Partner within the Industrial Markets Audit team

Within KPMG in Russia Vitaly will work on expanding the client base of medium size industrial clients.

European banks see profitability in just two years - but is this now the ‘calm between two storms’?

European banks see €110bn profitability swing. But KPMG report finds that it may mean that difficult times are looming.

Global Retail Banks Consider New Business Models in the Race to Monetize the Mobile Payments Space

Banks’ payment revenue may be at risk as the mobile payments value chain evolves, according to the new KPMG report.

European energy project financing outlook optimistic, but project risk minimization more important than ever

KPMG today has published the results of its survey “Power Sector Development in Europe – Lenders’ Perspectives 2011”.

Low nuclear contribution could send the price of electricity up by 60 per cent

A mix of energy generation which has a low or no nuclear contribution could send the price of electricity generation in 2050 up from around £75/MW to as much as £120/MW, according to a report prepared by KPMG.

Insurance companies expect 10% market growth, but see low profits continuing at least for 2011

KPMG presents the results of its second annual study of the insurance market.

KPMG has been awarded the Golden Salamander All-Russian Prize “For the high quality of audit and advisory services on the insurance market”

Adrian Quinton, the partner who leads our Insurance and Actuarial practice in Russia, received KPMG's award at the awards ceremony.

Companies no longer able to keep pension gains and losses off balance sheet, under revised IASB standard

The International Accounting Standards Board (IASB) issued revised IAS 19 Employee Benefits.

Corporate governance practice in Russia: Defining the boundaries of the national model

KPMG and the Russian Managers Association have published the results of research on the problem of developing corporate governance in Russia.

The KPMG renewable energy M&A report

We're pleased to announce the launch of our annual report on global M&A in renewable energy. This annual report follows Powering Ahead: 2010, looking at changes and trends in the renewable energy sector to provide insight on where the market is heading.

Despite Market Volatility and Shifting Demographics, Consumer CFOs See Growth in 2011

Recession-toughened consumer companies demonstrate resilience to the global impact of events in Japan and Middle East.

When it comes to procurements at Russian companies price comes first

KPMG has developed its own model to determine the level of maturity of procurement.

Confronting Complexity

How business is taking on the challenges and opportunities.

KPMG in Russia named "European Energy Tax Team of the Year" by International Tax Review

At the European Tax Awards ceremony KPMG was confirmed as the foremost tax team in the Energy sector.

Global insurance leaders believe proposed new insurance standard will have far reaching impacts, says KPMG report

CFOs and senior finance officials from leading global insurance companies believe Phase II is more than an accounting issue and may impact their overall business.

International companies spend twice as much on their employees as their Russian colleagues

KPMG has issued a report on the results of its latest benchmark study on HR management systems 2010.

Clarified fair value measurement guidance for IFRS

The International Accounting Standards Board (IASB) today issued IFRS 13 Fair Value Measurement.

Significant changes to consolidation and joint venture accounting under new IFRSs, says KPMG

KPMG commented today that a suite of new standards published by the International Accounting Standards Board (IASB) could significantly change the consolidation evaluation and joint venture accounting for many companies.

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