KPMG Full Form | Full Form of KPMG




KPMG Full Form - Klynveld Peat Marwick Goerdeler

  • KPMG stands for "KLYNVELD PEAT MARWICK GOERDELER".
  • It's formed with the merger of Klynveld Main Goerdeler (KMG) and Peat Marwick International (PMI).
  • The name KPMG springs from the initials of its founding members.
    • K represents Piet Klynveld.
    • P represents William Barclay Pear.
    • M represents Marwick.
    • G represents Dr. ReinhardGoerdeler.
 Klynveld Peat Marwick Goerdeler

Klynveld Peat Marwick Goerdeler

  • KPMG may be a well-known global network of professional firms providing Audit, Tax and Advisory services.
  • Its headquarters is in Amsterdam, Netherlands and its tagline is "Cutting through Complexity".
  • It helps its clients to mitigate risks and grasp opportunities.
  • Its clients include business corporations, nonprofit organizations, governments and public sector agencies.
  • It had been established in India in September 1993 with offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Gurugram, Kochi, Mumbai, Noida, Vadodara etc.
  • In India, it's more than 2700 companies as its clients.

Values

 Klynveld Peat Marwick Goerdeler

Klynveld Peat Marwick Goerdeler

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

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Brief History

  • William Barclay Peat (the P in KPMG) started his career in accountancy working for Robert Fletcher & Co. His work was admired and he was quickly promoted to higher ranks. In 1891, he renamed the firm "William Barclay Peat & Co".
  • In 1897, James Marwick (the M in KPMG) and Roger Mitchell formed the firm Marwick, Mitchell & Co.
  • In 1917, Piet Klynveld (the K in KPMG) started an accounting firm in Amsterdam. JaapKraayenhof joined the firm and the firm became KlynveldKraayenhof& Co. (KKC).
  • In 1953, Reinhard Goerdeler (the G in KPMG) joined Deutsche Treuhand-Gesellschaft (DTG).
  • In 1911, William Barclay Peat & Co. and Marwick Mitchell & Co joined forces to make 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, joined forces with DTG and McLintock Main Lafrentz to make Klynveld Main Goerdeler (KMG).
  • In 1986, PMI merged with KMG. On January 1, 1987, the merger was announced to the general public and therefore the new company is known as Klynveld Peat Marwick Goerdeler (KPMG).
  • Today, the network of KPMG exists in 155 countries with more than 174,000 employees.


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