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KPMG Breakup with Russian Affiliate ‘Complex,’ US CEO Knopp Says

May 24, 2022, 7:26 PM

KPMG is still working to separate its Russian affiliate from the global accounting network and may yet be weeks away from fully leaving the country in the face of tightening sanctions, the firm’s U.S. leader said Tuesday.

Disentangling the firm’s technology, client work and branding is complex, Paul Knopp, CEO of KPMG LLP in the US, said.

“It’s going to be a matter of time, weeks hopefully, that we complete that separation,” Knopp said during a Twitter Spaces event the firm held on the sidelines of the World Economic Forum in Davos, Switzerland. “We don’t expect to be ...