South Africa


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.

Anti-Money Laundering

Accounting Standards Board

Broad Based Black Economic Empowerment

Black Economic Empowerment

Better Managed Practice

Brazil, Russia, India, China and South Africa

Chief Financial Officer

Continuing Professional Development

Consumer Price Index

Discussion paper

Earnings Before Interest, Deductions, Tax and Amortisation

Economist Intelligence Unit

Europe, Middle East and Africa region

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

Enterprise risk management

Enterprise Resource Planning

Electronically Stored Information

Electric vehicles

Financial Accounting Standards Board

Fast moving consumer goods

Gross Domestic Product

Greenhouse Gas

Generally Recognised Accounting Practice

International Accounting Standards

International Accounting Standards Board

Internal Control Over Financial Reporting

International Financial Reporting Standards

International Integrated Reporting Committee

Intellectual property

Information Risk Management

Information Technology

Evaluation of external IT systems. An IT audit of the value, effectiveness and risk profile of a client's IT systems.

Joint venture

International climate change accord

KPMG partner with overall responsibility for managing the KPMG member firms' relationship with the client.

Motor Industry Development Plan

Personally Identifiable Information

Public-Private Partnerships

Where permitted, assisting clients with the preparation, due diligence or attestation required as part of a process to obtain financing.

Research and development

The key interest rate for enacting monetary policy

Racing Green Endurance

Return On Equity

Developing Recovery and Resolution Plans

Recovery and Resolution Planning

Regional Services Council

Southern African Development Community

South African Venture Capital & Private Equity Association

Small and Medium-sized Entities

Special purpose vehicles

United Nations Framework Convention on Climate Change

United States Generally Accepted Accounting Practice

Value Added Tax

World Economic Forum