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Kpmg

Submitted by steven_lamm on November 1, 2007

Category: Business
Words: 1991 | Pages: 8
Views: 229
Popularity Rank: 44,565
Average Member Grade: N/A (Add a Comment / Grade this Paper)

KPMG is one of the largest professional services firms in the world. KPMG employs 113,000 people in a global network spanning 148 countries. Composite revenues of KPMG member firms in 2006 were $16.9 billion USD (7.6% growth from 2005). KPMG has three lines of services: audit services, tax services, and advisory services. KPMG is a Big Four auditor, alongside PricewaterhouseCoopers, Ernst & Young and Deloitte Touche Tohmatsu.
Contents
[hide]

* 1 Name
* 2 History
* 3 Legal structure and executives
* 4 Audit clients
* 5 Tax shelter fraud
* 6 Banco Nacional Scandal in Brazil
* 7 Corporate Anthem and Internet Cliche
* 8 Notable current and former employees
o 8.1 Business
o 8.2 Politics and public service
o 8.3 Other
* 9 External links

[edit] Name

The name of the firm, KPMG, is not actually an initialism. However, the roots of the name stem from four partners in the firms that merged to form KPMG.

* 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.

[edit] History

* In 1870, William Barclay Peat formed an accounting firm in London
* In 1877 accountancy firm Thomson McLintock opens in...

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