KPMG And Thomson Reuters Form Business Alliance To Deliver GRC Technology And Advisory Services

NEW YORK, Dec. 1 – KPMG LLP, the U.S. audit, tax and advisory firm, and Thomson Reuters, one of the world's leading source of intelligent information and technology for businesses and professionals, today announced the formation of a business alliance to help companies improve their internal audit and governance, risk and compliance (GRC) processes.

The alliance leverages the extensive experience of both organizations, from KPMG's deep industry experience and knowledge to the enabling Paisley GRC software of Thomson Reuters.

"KPMG has a great track record combining our capabilities with the Paisley GRC software to help clients align their internal audit, governance, risk and compliance processes to enable business transformation," said Eric Holt, KPMG's National Service Line leader for Internal Audit, Risk and Compliance Services.

"This alliance formalizes a two-year relationship," said Holt. "It will further focus our investment and joint efforts to help companies effectively measure, manage and remediate risks in an evolving economic and regulatory environment."

"KPMG brings leading subject-matter and market experience to support clients' integrated GRC projects," said Tim Welu, Senior Vice President of Paisley, Thomson Reuters. "We are delighted to take this new step in our business relationship with KPMG."

Since 1995, Paisley has been a leading vendor in providing technology to support the integrated business processes of internal audit, risk management and compliance. Paisley Enterprise GRC® and GRC on Demand® include purpose-built functionality for the spectrum of governance, risk and compliance requirements. The software includes components for financial controls management, operational risk management, enterprise risk management, internal audit management, IT governance and compliance.

About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International. KPMG International's member firms have 137,000 professionals, including more than 7,600 partners, in 144 countries.

About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in more than 100 countries. For more information, go to ThomsonReuters.com. For more information on Paisley solutions, call 320-286-5870, e-mail info@paisley.com, or visit http://www.paisley.com.