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Financial Instruments

Financial Instruments

KPMG's Financial Instruments practice provides accounting guidance together with clear, practical solutions.

KPMG's Financial Instruments practice provides accounting guidance

KPMG's Financial Instruments Group is committed to providing KPMG clients and staff with cutting edge financial instrument accounting guidance that will aim to provide you with clear, practical solutions. 

We are a multi-disciplinary team with a passion for financial instrument-related issues. Our members have specialist skills in Audit, Tax, Legal, Regulatory, Valuations and Technical Accounting.

Our extensive knowledge of, and experience in, financial instrument issues enables us to provide advisory services, as well as practical, thought-leading solutions to entities in both the financial services and other sectors. We are currently assisting our clients with the impact and implementation of IFRS9, financial instruments, which is expected to completely change credit impairments in the financial services sector.

Keeping up to date on developments in financial instruments accounting allows us to form first impressions of proposed and approved changes and the practical implications for our clients. Because KPMG in South Africa is a member firm of KPMG International, we have exposure and connectivity to international expertise and resources, and are aware of topical issues affecting our clients worldwide.

We also have a representative on the KPMG global financial instruments topic team and on local financial services industry groups, including the SAICA IFRS9 implementation working group. The combination of deep financial services industry knowledge and technical skills makes our team unique.

How we can help

We support KPMG clients and staff by keeping them updated on the latest financial instruments accounting developments and providing them with clear, practical solutions. This makes us the clear choice as your business partner in dealing with financial instrument issues and challenges. 

Our solutions include:

  • Financial instruments accounting training courses and workshops
  • IFRS9 impact assessments and implementation
  • Practical workshops and written opinions on the application of accounting, legal, tax or regulatory requirements to specific transactions or issues
  • Hedge accounting guidance, opinions and implementation, including hedge effectiveness testing and hedge documentation preparation and reviews
  • Reviews of impairment models for banks and other credit providers
  • Reviews of financial statements and press releases
  • Technical papers and other tools developed from financial instrument accounting research projects.