close and back to page

Latest News

Latest News

KPMG Helping to Close the Literacy Gap for Children in Low-Income Communities

KPMG's flagship literacy program marks its 10th anniversary with "Read to Achieve' Initiative" that will put 100,000 new books into the hands of children in need.

Eighty percent of fourth graders from low-income families in the United States do not read proficiently, a key predictor of a child's future educational and economic success.


To help address this, KPMG LLP (No. 11 on the DiversityInc Top 50 Companies list), the U.S. audit, tax and advisory firm, will put more than 100,000 new books into the hands of children in cities across the United States – including the donation of its four millionth book through KPMG's Family for Literacy (KFFL) program – as part of a "Read to Achieve" initiative being conducted in partnership with non-profit social enterprise First Book.

Beginning in March, more than 100 KPMG offices throughout the United States will celebrate KFFL's 10-year anniversary by hosting literacy events for children and educators at local schools and community organizations with many taking place on March 2 to coincide with the National Education Association's Read Across America Day. KPMG partners and professionals along with spouses, family members, and alumni will volunteer at these events.

Large-scale, pop-up book fairs will take place in ten cities that KPMG and First Book strategically identified as benefitting most from a 5,000 book distribution. Special attention was paid to eight rural areas of the country with acute need and less resources. The remaining two, Houston and San Juan, Puerto Rico, are currently recovering from the devastating 2017 hurricane season. Other book fairs and distribution events will be held in cities across the country.

"KPMG invests in education and lifelong learning because they are important catalysts for addressing pervasive issues such as poverty and unemployment," said Lynne Doughtie, KPMG Chairman and CEO. "Literacy is the first critical step for children in our communities to thrive and confidently lead us into the future."

KPMG's Empower Collection, a collection of children's books that celebrates the firm's core values with titles focused on inclusion and diversity, citizenship, environmental sustainability, ethics, and financial literacy, will be distributed at the Read to Achieve events.

"Research shows that the most significant barrier to childhood literacy is a lack of access to books," said KPMG Deputy Chairman and Chief Operating Officer P. Scott Ozanus. "For 10 years, KPMG's Family for Literacy program has provided new books to children in need to tangibly move the needle on an issue that continues to hold millions back."

First Book will also host an online national auction benefitting KFFL to raise funds for additional books to be donated. The auction will be open to the public from March 15 to March 21 and include travel packages, sporting event tickets and memorabilia, and more prizes up for bid.

"From the beginning, First Book has relied on partners like KPMG to help us carry out our mission of making sure all kids have access to high-quality, relevant books," said Kyle Zimmer, president, CEO, and co-founder of First Book. "We are so proud of the impact that our partnership with KPMG has made for kids in need across the country. Ten years and four million books are incredible achievements for our partnership and I cannot wait to see what's next."

For more information about KPMG's KFFL program, visit here.

For more details about the online auction, check the KFFL Facebook page.

The Conversation

KPMG Study: Tax Leaders Say They Will Embrace Innovation to Cope with Reform and Transform Their Businesses

New Chief Tax Officer Outlook Highlights Global Tax Reform and Technologies As Key Challenges for Next 12 Months.

Originally Published by KPMG.

As economic, regulatory and technologic changes—along with a drive for innovation—push tax departments to continue to evolve, Chief Tax Officers (CTOs) say that harnessing the benefits of new technologies and addressing the ever-increasing reporting and compliance requirements for U.S. and global tax reform are among the major challenges they face in the next 12 months, according to a new annual study from KPMG LLP in conjunction with Forbes Insights.

Read More Show Less

KPMG Names Michele Meyer-Shipp Chief Diversity Officer

Meyer-Shipp, who joins as a principal, will lead the national Inclusion and Diversity (I&D) team and oversee its strategy and objectives, including growing diverse leaders and collaboration; inspiring broad perspectives and innovative client solutions; and fostering an inclusive, accessible, and vibrant workplace.

KPMG LLP has appointed Michele Meyer-Shipp, an accomplished executive and attorney with significant experience in inclusion strategy and employment law, as Chief Diversity Officer. She succeeds Sue Townsen, who returns full-time to the firm's Advisory practice.

Read More Show Less

KPMG Survey Finds Many Public Companies Struggling with New Lease Accounting Rules Implementation as Deadline Approaches

Companies requesting additional budget and outside help to address remaining hurdles.


Originally Published by KPMG.

Months from the January 1, 2019 deadline, public companies are struggling to address embedded leases, lease abstracting and integrating new lease accounting software within legacy systems in their efforts to achieve compliance with the Financial Accounting Standards Board (FASB) new lease accounting standards. A full third (33 percent) of nearly 400 respondents in KPMG's Leases Standard Survey replied that embedded leases are the biggest implementation challenge. Abstracting and entering leases into a leasing system was the second most challenging implementation issue according to 28 percent of respondents. Integrating a lease accounting system into an existing system, according to 24 percent of respondents, was the third most challenging issue.

Read More Show Less

Healthcare Organizations See Greater Optimism About Value-Based Care: KPMG Poll

46% see value-based contracts improving profitability versus 23% two years ago

Originally Published by KPMG.

Healthcare organizations are much more bullish than they were two years ago about how value-based contracts – which promote quality care and emphasize efficiency of hospitals and other providers – would affect profits, according to a poll by KPMG LLP, the U.S. audit, tax and advisory firm.

Read More Show Less

KPMG: New Research Shows Need for Transformational Innovation and Transformed Business Models

New Survey from Innovation Leader Reveals How Companies Designate Time, Money and People to Seek Growth and Respond to Disruption.

Originally Published by KPMG.

Innovation and R&D teams inside the Fortune 1000 are spending about 50 percent of their efforts on incremental innovation, 30 percent on adjacent innovation and 20 percent on transformational innovation, according to a new Innovation Leader report sponsored by KPMG LLP.

Read More Show Less

U.S. Tech Leaders Place Restrictive Regulation at Top of Innovation Limiters: KPMG Tech Innovation Report

The report highlights key findings from a survey of nearly 800 technology industry leaders globally about technology innovation, disruption and market trends, including 120 from the U.S.

Originally Published by KPMG.

U.S. technology industry leaders see restrictive regulation as the top factor that will limit technology innovation, according to KPMG's 2018 global technology innovation report: www.kpmg.com/techinnovation.

Read More Show Less

KPMG and Google Enter an Alliance to Help Organizations Transform Digital Experiences

New solutions combine Google Cloud's security and artificial intelligence (AI) leadership with KPMG business acumen, industry knowledge and integration capability to enrich the customer experience and accelerate digital transformation.

Originally Published by KPMG.

KPMG International today announced an alliance with Google to help organizations transform their business and operating models with secure cloud computing, machine learning (ML), enterprise mobility and advanced analytics technologies.
Read More Show Less