KPMG receives definite license from the Swiss Federal Audit Oversight Authority
KPMG AG and KPMG Klynveld Peat Marwick Goerdeler SA have received their definite licenses as audit firms under state oversight from the Swiss Federal Audit Oversight Authority on 17 September 2008.
Receipt of the definite licenses additionally allows KPMG to complete its merger with the KPMG member firms in the UK, Germany and Spain forming KPMG Europe LLP.
Furthermore, in continuation of the firm's business structure integration which began in 2007, all audit services for public companies will be consolidated into KPMG AG over the next 12 months. It follows that KPMG Klynveld Peat Marwick Goerdeler SA will discontinue providing audit services as of 30 September 2009.
Zurich, September 18, 2008