The Origins of KPMG
KPMG is one of the largest professional services firms in the world, but what does KPMG stand for? The acronym KPMG stands for Klynveld Peat Marwick Goerdeler, which are the last names of the four founding members of the firm.
Klynveld Peat Marwick Goerdeler
William Barclay Peat, James Marwick, and Reinhard Goerdeler established the firm that would become KPMG in 1987. The firm’s history dates back to 1870 with the founding of William Barclay Peat & Co. in London. Over the years, the firm went through various mergers and acquisitions to become the KPMG we know today.
Services Offered by KPMG
KPMG provides a wide range of services including audit, tax, and advisory services to clients in various industries. The firm has a global presence with offices in over 150 countries and territories, serving clients ranging from small businesses to multinational corporations.
Case Study: KPMG’s Impact
One example of KPMG’s impact is its work with the World Economic Forum on the Digital Transformation Initiative. KPMG helped develop a framework to help companies navigate the challenges of digital transformation and unlock new opportunities for growth.
Statistics on KPMG
- KPMG has over 220,000 employees worldwide.
- The firm reported a revenue of $29 billion in 2020.
- KPMG is ranked as one of the top four accounting firms in the world.
