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What is the full form of KPMG?

Full form of KPMG: Here, we are going to learn about the KPMG, full form of KPMG, overview, history, KPMG values, etc.
Submitted by Anushree Goswami, on February 29, 2020

KPMG: Klynveld Peat Marwick Goerdeler

KPMG is an abbreviation of "KLYNVELD PEAT MARWICK GOERDELER".

In 1987, it is established with the union of Klynveld Main Goerdeler (KMG) and Peat Marwick International (PMI). The surname or Last name of the founding members is used in acquiring the name KPMG.

  • K represents Piet Klynveld.
  • P represents William Barclay Peat.
  • M represents James Marwick.
  • G represents Dr. Reinhard Goerdeler.
KPMG full form

Image source: https://en.wikipedia.org/wiki/KPMG

  • KPMG is a renowned multinational professional service network of professional firms that offers Audit, Tax, and Advisory services.
  • Its head office is situated in Amsterdam, Netherland and its tagline is "Cutting through Complexity".
  • It assists its clients to alleviate risks and take hold of opportunities.
  • Its clients comprise business corporations, nonprofit organizations, governments, and public sector agencies.
  • In September 1993, it was established in India with offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Gurugram, Kochi, Mumbai, Noida, Vadodara, etc.
  • In India, the companies which came into the category of its clients are more than 2700.

Values

  • Lead by example
  • Work together
  • Respect the individual
  • Seek facts and provide insight
  • Open and honest in communication
  • Be committed to communities
  • Act with integrity

KPMG Brief History

  • William Barclay Peat (the P in KPMG) began his profession in accountancy working for Robert Fletcher & Co. The work of William was regarded with praise and he was promptly promoted to senior ranks. In 1891, he renamed the firm "William Barclay Peat & Co".
  • In 1897, James Marwick (the M in KPMG) and Roger Mitchell established the firm Marwick, Mitchell & Co.
  • In 1917, Piet Klynveld (the K in KPMG) began an accounting firm in Amsterdam. The firm joined by Jaap Kraayenhof and the firm turned out to be Klynveld Kraayenhof & Co. (KKC).
  • In 1953, Reinhard Goerdeler (the G in KPMG) joined Deutsche Treuhand-Gesellschaft (DTG).
  • In 1925, William Barclay Peat & Co. and Marwick Mitchell & Co merged to create Peat Marwick Mitchell & Co, a network of accounting and consulting firms.
  • In 1978, Peat Marwick Mitchell & Co was renamed Peat Marwick International (PMI).
  • In 1979, Klynveld Kraayenhof & Co merged with DTG and McLintock Main Lafrentz to create Klynveld Main Goerdeler (KMG).
  • In 1986, PMI joined forces with KMG.
  • On January 1, 1987, the merger was proclaimed to the public and the new company is named Klynveld Peat Marwick Goerdeler (KPMG).

In the present time, the network of KPMG exists in 155 countries with more than 174,000 employees.

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