International Financial Reporting Standards are being promoted as a single set of high quality, understandable and enforceable global standards. The requirements for all listed groups in EU to apply IFRS by 2005 follow the global trend for enterprises to report under IFRS. KPMG member firms form an exclusive worldwide network of resource and knowledge including an international centre based in London, International Financial Reporting Group, that focuses on the challenges posed by IFRS.

KPMG member firms have extensive experience in providing services for enterprises reporting under IFRS and can assist you in IFRS implementation and in doing so help you to seize the opportunity provided by IFRS.

For further information about our member firm services, please contact your local KPMG office, KPMG's Global Conversion Services or KPMG's International Financial Reporting Group.

For a comprehensive library of accounting, auditing and financial reporting guidance, please visit KPMG's Accounting Research Online.