Service

BEA benchmarking: Survey filing assistance

KPMG has developed tools to simplify the process and help our clients meet the annual Bureau of Economic Analysis form filing deadline.

Michael A. Smith

Michael A. Smith

Partner, Advisory, and U.S. Internal Audit Solution Leader, KPMG US

+1 214-840-6019

Uma Radhakrishnan

Uma Radhakrishnan

Managing Director, Tax, Economic & Valuation Services, KPMG LLP

+1 703-286-8726

Borja D. Ureta

Borja D. Ureta

Senior Manager, Tax, Economic & Valuation Services, KPMG LLP

+1 212-954-6216

Our clients with foreign investments in different industries (e.g., private equity (PE), finance, multinational corporations) are required to complete informational benchmark surveys with the Bureau of Economic Analysis (BEA). These surveys gather information on U.S. businesses and their foreign affiliates in order to evaluate the magnitude and impact of foreign trade and investment. The BEA surveys include three types of forms:

  1. BE-10 is the benchmark survey of U.S. direct investment abroad.
  2. BE-11 is the annual survey of U.S. direct investment abroad.
  3. BE-577 is the quarterly survey of U.S. direct investment abroad.

These surveys increase the demand placed on an already busy regulatory filing schedule, but our clients do not tend to give them the same priority status as regulatory filings required by the SEC.

KPMG has a cross-functional team ready to help

Our blended team of advisory and tax professionals have significant experience in economic consulting, regulatory compliance, and process automation. The team also has a deep understanding of organizational structure and financial information. We’ve been assisting our clients’ peers with their BEA informational filings. We’ve developed tools to simplify the process and help our clients meet the BEA form filing deadlines.

We recognize the strain companies are under during these unprecedented times. We are ready to focus on addressing the BEA’s scoping requirements and drafting surveys to complete the information filing so our clients can continue to focus on their people and their investments.