The year of 2005 marked a new stage in the field of financial reporting with the introduction of IFRS (International Financial Reporting Standards) for listed companies in the European Union. It was in this year that the ESSEC Group, in partnership with KPMG SA, launched the ESSEC-KPMG Financial Reporting Chair.

In fact, the change of financial reporting standards has brought about a significant change in company systems. Compared to existing systems, the IFRS are intended to better reflect economic realities. They are oriented uniquely to the information needs of the capital markets