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STUMBLING BLOCKS BECOME BUILDING BLOCKS FOR KPMG PEAT MARWICK IN RUSSIA

STUMBLING BLOCKS BECOME BUILDING BLOCKS FOR KPMG PEAT MARWICK IN RUSSIA
 NEW YORK, July 8 /PRNewswire/ -- In anticipation of the new economic reforms in Russia that will remove trade barriers and encourage foreign investment, international accounting and consulting firm KPMG Peat Marwick announced today that Houston tax partner Kenneth Crawford has been appointed managing partner of the firm's Moscow office.
 According to Crawford, KPMG Reviconsult will offer full service accounting and consulting advice. More specifically, it will serve three roles: it will help privatize Russia's state-owned organizations, establish internal business structures to encourage foreign investment, and serve as a link between western investors and appropriate opportunities in the region.
 "The need for accounting, tax and consulting services is increasing as Russia moves closer toward establishing a free-market economy and as the United States liberalizes its rules for investment in Russia," explained Crawford, who specializes in international business. The firm offers state enterprises services associated with privatization and management, while private firms and joint venture operations receive advice on tax, international business, auditing and marketing. It also provides foreign companies operating branches in Moscow with auditing and tax planning services.
 Besides Russia, KPMG Peat Marwick opened an office in the Baltic States earlier in the year, and more recently, created the first joint accounting venture in China, removing a major barrier that prevented the country from participating in the global marketplace. KPMG's 75,000 people worldwide now serve clients through 820 offices in 125 countries.
 -0- 7/8/92
 /CONTACT: Lisa Meyer of KPMG Peat Marwick, 212-909-5108/ CO: KPMG Peat Marwick ST: New York IN: FIN SU: PER


SM-TQ -- NY059 -- 7540 07/08/92 15:54 EDT
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Publication:PR Newswire
Date:Jul 8, 1992
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