KPMG is one of the largest professional services firms in the world. As of 2003 KPMG employs nearly 100,000 people in a global partnership, in 148 countries around the world. The global revenue of all member firms in 2003 was 12,16 billion US-$ KPMG has three lines of services: audit services, tax services and advisory services. KPMG is a Big 4 accountancy firm.Each national KPMG company is an independent legal entity, and they are all members of KPMG International, which is a Swiss cooperative.
1 Name
- K stands for Klynveld. This originates from the accounting firm Klynveld Kraayenhof & Co. founded by Piet Klynveld in Amsterdam in 1917.
- P is for Peat, originating from the accounting firm William Barclay Peat & Co., which was founded by William Barclay Peat in London in 1870.
- M stands for Marwick. James Marwick founded the accounting firm Marwick, Mitchell & Co. together with Roger Mitchell in New York City in 1897.
- G is for Goerdeler. Dr. Reinhard Goerdeler was for many years chairman of the German Deutsche Treuhand-Gesellschaft (DTG) and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger.
2 History
- In 1911, William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form what would later be known as Peat Marwick International (PMI).
- In 1979, Klynveld merged with Deutsche Treuhand-Gesellschaft (DTG) and McLintock Main Lafrentz to form Klynveld Main Goerdeler (KMG).
- In 1987 both firms joined forces in the first mega-merger of large accounting firms and formed KPMG.
- In 1997, KPMG and Ernst & Young announced that they were to merge, in a manoeuvre largely seen as a spoiling tactic over the merger of Price Waterhouse and Coopers & LybrandCoopers & Lybrand was an accounting firm which merged in 1998 with Price Waterhouse to form PriceWaterhouseCoopers.. However that merger, to form PricewaterhouseCoopersPricewaterhouseCoopers (or PwC) is the largest professional services firm in the world. There are 120,000 people employed by the global partnership, in 139 countries around the world, working in four lines of service and 22 industry-specialised practices., was granted regulatory approval and the KPMG/Ernst & Young tie-up was later abandoned.
- In 20012001 is a common year starting on Monday (see link for calendar), and also: The International Year of the Volunteer The United Nations Year of Dialogue Among Civilizations Events January January 1 A black monolith measuring approximately nine feet tall ap, KPMG divested its US consulting firm through an IPO of KPMG Consulting Inc , which is now called BearingPoint, Inc.Based in McLean, Virginia, BearingPoint Inc. formerly KPMG Consulting, Inc. is a business consulting, systems integration and managed services firms. They provide business and technology strategy, systems design, architecture, applications implementation,.
- In 2003, KPMG divested itself of its legal arm, Klegal .
3 External links
