Responding proactively to client needs, KPMG in Romania has recognized that financial statements preparers in Romania need local language International Financial Reporting Standards (IFRS) illustrative financial statements and has launched the publication Illustrative Financial Statements under International Financial Reporting Standards. As Aura Giurcaneanu, Audit Partner at KPMG enthused "This new publication is another ground-breaking first from KPMG in Romania. This helps people who want to understand IFRS better. By using "model" financial statements, we present the material as clearly as possible and in a way which makes it easy for readers to use. IFRS financial statements are a legal requirement in Romania (and in most other EU member states) for listed companies, but this publication also makes them more readily accessible to other companies wanting to apply best practice international reporting." These Illustrative Financial Statements feature heavily in the KPMG courses on IFRS, which began on Friday 5 February 2010, at the company's headquarters in Bucharest. The aim of the series is to explain the new accounting rules which apply from 1 January 2010, in conformity with European Directives and which have been introduced into Romanian legislation under a recent Order of the Ministry of Finance (Order 3055/2009). The courses are aimed at representatives of leading Romanian companies, investors' associations and those with an interest in the latest developments in financial reporting. The new requirements are presented in an interactive manner, to encourage discussions on the concrete issues faced by the participants, as well as on the example statements set out in the new KPMG publication. The courses are led by KPMG Audit and Accounting professionals and will also include presentations from Tax professionals on the fiscal implications of the new regulation