Industries

Helping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.

How We Work

We bring together passionate problem-solvers, innovative technologies, and full-service capabilities to create opportunity with every insight.

Learn more

Careers & Culture

What is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.

Learn more

Recognizing insurance claims related to COVID-19

Hot Topic | April 2020

Guidance on when to recognize insurance recoveries, as well as measurement, presentation and disclosure requirements.

Companies may hold business interruption, event cancellation or workers' compensation insurance policies. KPMG highlights when insurance recoveries can be recognized, as well as measurement, presentation and disclosure guidance.

Applicability

  • All companies

Relevant dates

  • Effective immediately

Key impacts

  • Not all insurance policies may cover COVID-19 related losses and costs. 
  • Insurance recoveries are recognized only when specific criteria have been met, which can be as late as when the claim is settled.

Report contents

  • Background
  • Understand policy coverage
  • Determine when to recognize recoveries and gains
  • Other accounting considerations

Download the document:

Coronavirus

Download PDF

Explore more

Meet our team

Image of Valerie Boissou
Valerie Boissou
Partner, Dept. of Professional Practice, KPMG US
Image of Rika Tanaka
Rika Tanaka
Managing Director, Dept. of Professional Practice, KPMG US

Accounting Research Online

Access our accounting research website for additional resources for your financial reporting needs.

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.

By submitting, you agree that KPMG LLP may process any personal information you provide pursuant to KPMG LLP's Privacy Statement.

An error occurred. Please contact customer support.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline