Bulgaria

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.


KPMG established the Audit Committee Institute (ACI) to help audit committee members keep pace with business issues relating to governance, audit, accounting and financial reporting. Since its inception in 1999, KPMG member firms have launched ACIs in 20 countries.

Brazil, Russia, India and China

Capital Adequacy Standard

Central and Eastern Europe

End of Life Vehicles Directive. EU legislation.

Europe, Middle East and Africa region

Energy & Natural Resources. The ENR sector includes oil and gas, power and utilities, mining and forestry industries.

Global Tax Management System. A KPMG proprietary system.

KPMG Global Transfer Pricing Services practice. A network of KPMG professionals based in KPMG member firms providing transfer pricing services.

International Accounting Standards Board

International Financial Reporting Standards

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

Mobile network operators

Public private partnership

Waste Electrical and Electronic Directive