KPMG is one of the largest professional services firms in the world and one of the Big Four auditors, along with Deloitte, Ernst & Young (EY) and PwC. Its global headquarters is located in Amstelveen, Netherlands. KPMG employs 138,000 people and has three lines of services: audit, tax, and advisory. Its advisory services are further divided into three main categories - Risk & Compliance, Performance & Technology, and Transaction & Restructuring services.


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History 1.1 Early years and mergers 1.2 Recent history Global structure o 2.1 KPMG in China Services Awards Name and branding International Publications Staff Criticisms o 8.1 Rite Aid o 8.2 Lernout & Hauspie o 8.3 Tax shelter fraud o 8.4 Siemens o 8.5 Others Sponsorship Notable former and current employees o 10.1 Business o 10.2 Politics and public service o 10.3 Other See also References External links
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Early years and mergers

.Headquarters of KPMG LLP. New York. at 345 Park Avenue. New York City. the United States-based member firm of KPMG International. The 34-story KPMG Tower on De Maisonneuve Boulevard in Montreal.

Later he merged with Kraayenhof to form Klynveld Kraayenhof & Co. and Marwick Mitchell & Co. and Peat Marwick McLintock in the UK. BearingPoint filed for Chapter 11 bankruptcy protection and proceeded to sell portions of the firm to Deloitte. Thomson McLintock (United States) and Deutsche Treuhandgesellschaft (Germany) formed KMG (Klynveld Main Goerdeler) as a grouping of independent national practices to create a strong European-based international firm. and other parties. In 1979 Klynveld Kraayenhof & Co.S.[5] Recent history In 2001 KPMG divested its U. In 1997 KPMG and Ernst & Young announced that they were to merge.[4] In 1990 the two firms settled on the common name of KPMG Peat Marwick McLintock but in 1991 the firm was renamed KPMG Peat Marwick and in 1999 the name was reduced again to KPMG. which is now called BearingPoint. However that merger. PricewaterhouseCoopers. later known as Peat Marwick. and most of the rest of the world. (Netherlands). merged to form Peat Marwick Mitchell & Co.[6] In early 2009. Inc. in a manoeuvre largely seen as a spoiling tactic over the merger of Price Waterhouse and Coopers & Lybrand. The firm was established in 1870 when William Barclay Peat formed an accounting firm in London.[7] . was granted regulatory approval while the KPMG/Ernst & Young tie-up was later abandoned.[4] Then in 1987 KMG and Peat Marwick joined forces in the first mega-merger of large accounting firms and formed a firm called KPMG in the US. Meanwhile in 1917 Piet Klijnveld opened his accounting-firm in Amsterdam. consulting firm through an initial public offering of KPMG Consulting Inc. to form PricewaterhouseCoopers.KPMG offices at 150 West Jefferson in Detroit.[4] In 1877 accountancy firm Thomson McLintock opened an office in Glasgow[4] and in 1911 William Barclay Peat & Co.

Chairman. Germany. Turkey.[8] In 2003 KPMG divested itself of its legal arm. Americas Region Carlson Tong. Chengdu. Qingdao. KPMG International Michael Wareing. will assume the Global Chairmanship in September 2011 and will be based in Hong Kong. Shenyang. Africa and India Region John Veihmeyer.[11] They appointed joint Chairmen. and Saudi Arabia. Australia Michael Andrew. It was announced in December 2008 that two of Tremont Group’s Rye Select funds. Shanghai. audited by KPMG. This is the first time a Big Four accounting organisation has had its global leader based in Asia Pacific. CIS (Russia. Klegal[9] and KPMG LLP sold its Dispute Advisory Services to FTI Consulting. Germany. Asia Pacific Region D'Angelo G Groves Martinez. Switzerland and Liechtenstein merged to form KPMG Europe LLP in October 2007."[12] Class action suits were filed. Fuzhou. Chairman.[10] KPMG's member firms in the United Kingdom. Kyrgyzstan.37 billion invested with the Madoff "Ponzi scheme. Guangzhou.[19] [20] . Belgium. CEO.000 professionals. Hong Kong SAR and Macau SAR. Middle East. a Swiss entity registered in the Swiss Canton of Zug. [16] KPMG in China KPMG in China has 13 offices (including KPMG Advisory (China) Limited) in Beijing. Norway. Nanjing. the Netherlands. Shenzhen. Kazakhstan. Europe. Armenia and Georgia). Luxembourg.[13] Global structure Each national KPMG firm is an independent legal entity and is a member of KPMG International Cooperative. Ukraine. Hangzhou. had $2. Chairman. These member firms were followed by Spain. with around 9. Flynn. Xiamen.The UK and Dutch consulting arms were sold to Atos Origin in 2002.[14] KPMG International is led by:[15]       Timothy P. Chairman of KPMG in Australia. KPMG International changed its legal structure from a Swiss Verein to a co-operative under Swiss law in 2003. KPMG International John Griffith-Jones.[17] [18] Stephen Yiu is now the Chairman of KPMG China.[4] The new headquarters were located in Frankfurt. Chairman. John Griffith-Jones and Ralf Nonnenmacher.

[25] International Tax Review Asia Tax Awards. Forensic 6. Global China Practice [24] Awards  2011 World's Best Outsourcing Advisors . governance and performance) and nine service lines: 1. and First of the Big Four .in recognition of the firm's depth of experience. Transaction Services (M&A and Strategy) Others: 1.[28][29][30] Top 2 overall in Consultancy Rankings 2009 by OpRisk & Compliance . IT Advisory 8. Asia Pacific Trade and Customs services[23] Advisory: KPMG's advisory services are organized into three themes (growth. Regulatory Audit Tax: Business and Personal Tax services 1. Internal Audit.ranked Second. [32]    . 2010 .in recognition of the accomplishments of KPMG's Tax Services and Global Transfer Pricing Services team. Financial Risk Management Services 5.in recognition of KPMG's experience in risk management. Restructuring 9. Corporate Finance 4. [31] World's most attractive employers. global reach and holistic approach.in recognition of KPMG's efforts of being an Employer of Choice. Business Performance Services 3.[27] KPMG's global transfer pricing services in China and Hong Kong is headed by Chi Cheng. Accounting Advisory Services 2. China Tax services [22] 2. [26] KPMG China was awarded the 2010 Hong Kong Tax Firm of the Year and the 2010 China Transfer Pricing Firm of the Year at the International Tax Review's 2010 Asia Tax Awards ceremony in Singapore on 23 November 2010. Financial Statement Audit 2. 2008-2010 . Recruitment 10.Services KPMG offers the following services:[21]     Audit: 1. Risk and Compliance Services (IARCS) 7.

founder of the accounting firm William Barclay Peat & Co. in London in 1870. chairman of the German accounting firm Deutsche Treuhand-Gesellschaft (DTG) and. voted for by employees. after William Barclay Peat. after James Marwick. Roots for the name KPMG stem from the names of four partners who merged their own independent accounting firms:     K stands for Klynveld. after Piet Klynveld. International Publications KPMG distributes a number of publications online and in print.Name and branding KPMG building in Kamloops.[34] Competitive Alternatives is primarily focused on analyzing international business costs and acts as a guide to comparing international business site locations in North America. the Individual Income Tax and Social Security Rate Survey compares rates with those of years past in jurisdictions around the world. 5 out of 125 among companies with the best training programmes according to "Training Magazine". M stands for Marwick.[38] It is also ranked No. and Asia Pacific. British Columbia. in New York City in 1897. co-founder of the accounting firm Marwick. 56 on Fortune Magazine's list of 100 Best Companies to Work For. P stands for Peat.[35] Exploring Global Frontiers . G stands for Goerdeler. Europe. founder of the accounting firm Klynveld Kraayenhof & Co. later.[40] . The Corporate and Indirect Tax Rate Survey analyzes current rates incurred by international business and compares them with their equivalents of years past.The New Emerging Destinations is a report focused on analyzing international locations for IT outsourcing. Mitchell & Co. chairman of KPMG. in Amsterdam in 1917.[36] KPMG in China produces many publications on industry trends in both English and Chinese and these can be found on the China firm website.[33] Similarly.[37] Staff The US branch of KPMG was rated one of the top 10 companies for working mothers. after Reinhard Goerdeler.[39] KPMG ranks No.

In October 2010.[46] Lernout & Hauspie In 2004.KPMG was the preferred employer among the Big Four accounting firms according to College Grad. West Yorkshire. Criticisms Rite Aid In 2003.4 on the list of "50 Best Places to Launch a Career" in 2009 according to BusinessWeek. KPMG agreed to pay $115 million to settle lawsuits stemming from the collapse of software company Lernout & Hauspie Speech Products NV. This facility has been invoked by the firm in some departments. In November 2010 KPMG was also named one of Greater Toronto's Top Employers. This was the fourth consecutive year that KPMG has made the top three winning three times in that four years. which was announced by the Toronto Star newspaper.[45] KPMG in Leeds. for the 8th year in a row.. some have suggested that this could influence how staff fill in the survey thus putting the validity of the award in doubt.[43] If a good position is obtained in the survey.[42] In 2008 KPMG in the UK was named the best big company to work for by The Times. KPMG publicised this as innovative and an alternative approach to redundancies. leading some to accuse KPMG of being hypocritical in the message that they were given. However over 100 staff had been made redundant prior to this announcement.[47] . and was featured in Maclean's newsmagazine. with over 75% of staff volunteering.com. or to reduce their working hours to 4 days a week.[44] Reaction within the firm was generally positive. KPMG agreed to pay $125 million to settle a lawsuit stemming from the firm's audits of the drug chain Rite Aid. In 2009 in the UK. KPMG introduced programme known as 'Flexible Futures'. staff receive an extra day's holiday. The option remains open to the firm until October 2010. This allowed staff to volunteer to give the firm the option to either send them on a sabbatical at 30% pay for up to 12 weeks.[41] It was also ranked No. KPMG was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc.

on the advice of its counsel Skadden.[53] In August 2010 it was reported by the Swedish Financial Supervisory Authority to the Swedish accountancy regulator after HQ Bank was forced into involuntary liquidation after the Financial Supervisory Authority revoked all its licences for breach of banking regulations. who won the first gold medal for Canada on home-soil in the 2010 Vancouver Olympics.5 billion in taxes and agreed to pay $456 million in penalties in exchange for a deferred prosecution agreement. the United States member firm. The firm agreed to cooperate with the U. KPMG LLP. Alexandre's father is a tax partner in the Montreal office. ranked one of the best golfers in the world.[54] Sponsorship The Swedish member firm was main sponsor for Swedish biathlete Magdalena Forsberg. a failed mortgage company[52] and KPMG agreed to pay $80 million to settle suits from Xerox shareholders over manipulated earnings reports.S. Forsberg was working as a tax consultant at the KPMG Sundsvall office parallel with her athletic career. 2007. the Siemens Supervisory Board recommended changing auditors from KPMG to Ernst & Young. Siemens In February 2007. the firm hired former U. signed a threeyear global sponsorship deal with KPMG. Slate. KPMG LLP admitted criminal wrongdoing in creating fraudulent tax shelters to help wealthy clients avoid $2. Department of Justice's investigation and help prosecute former partners who had devised and sold the tax shelters.[48] Before the settlement. Fannie Mae sued KPMG for malpractice for approving years of erroneous financial statements.[56] The Canadian member firm sponsored Alexandre Bilodeau. Phil Mickelson.[55] In February 2008. six times world champion and twice olympic medalist. As part of the agreement.Tax shelter fraud In early 2005. KPMG Germany was investigated for ignoring questionable payments in the Siemens bribery case. KPMG LLP would not face criminal prosecution if it complied with the terms of its agreement with the government. Additionally. Meagher & Flom LLP.[50] Others In 2006. Arps. Mickelson will wear the KPMG logo on his headwear during all golf related appearances. On January 3.S. was accused by the United States Department of Justice of fraud in marketing abusive tax shelters. the criminal conspiracy charges against KPMG were dropped. district judge Sven Erik Holmes to monitor its legal and regulatory affairs.[57][58] .[49] In November 2008. the firm.[51] In March 2008 KPMG was accused of enabling “improper and imprudent practices” at New Century Financial. removed several tax partners and admitted "unlawful conduct" by those partners.

wife of Viktor Yushchenko.Chief Accountant United States Securities and Exchange Commission Enforcement Division (1982–1984)[59] Kevin Rudd .CFO of the BBC Colin Sharman.Premier of Victoria.Dutch Minister for Integration and Immigration (2003–2007) Salmaan Taseer . Butthole Surfers Barry Hearn . The Office (US) Gibby Haynes . Paul Tisdale .Lead singer. Prince of Wales Nate Silver .entrepreneur Michael O'Leary .Popular moderate Muslim preacher Bruce Marshall .Member of the British Parliament (1983–87) Edmund Ho .Home Secretary (2007-10) Wouter Bos .Former football player Johan van der Walt . California (2004–present) Nick Gibb .CEO of Ryanair (1994–present) Zarin Patel . Pakistan (2008–2011) Jacqui Smith . named one of Time Magazine's "100 Most Influential People" in 2009. chairman of the Metropolitan Police Authority (2000–04) Michael Hirst .chairwoman of Qantas (2000–2007) Syd Kessler .Notable former and current employees Business       Margaret Jackson .Treasurer to Charles. Baron Sharman .Sports entrepreneur .Member of the British Parliament (1997–present) Mark Harper .Executive Secretary United Nations Framework Convention on Climate Change (2006–2010) Jerry Finnell . former President of Ukraine Bernard Avishai . Baron Harris of Haringey .Member of the British Parliament (2005–present) Toby Harris.member of the London Assembly (2000–04).Australian Prime Minister (2007–2010) Rita Verdonk . Prince of Wales Amr Khaled .Mayor of Del Mar.Principal Private Secretary to Charles.Governor of Punjab Province.Statistician/journalist.Dutch Minister for Integration (2002–2003) L.Chief Executive of Macau (1999–2009) Hilbrand Nawijn .Forensic auditor Kateryna Yushchenko-Chumachenko .Dutch Minister of Finance (2007-10) Other             Leslie Ferrar . Australia (1999–2007) Yvo de Boer . creator of PECOTA baseball projection system and the political blog FiveThirtyEight.Writer Paul Lieberstein .Writer Michael Peat . Glenn Perry .chairman of Aviva (2006–present) Sir Michael Rake .Chairman of BT (2007–present) Politics and public service                Steve Bracks .Screenwriter/Actor.

6 billion". January 4. http://www. 11. 32.276-5) ^ KPMG: Leadership ^ Australia's Michael Andrew named KPMG's global chairman ^ About KPMG China ^ About KPMG ^ KPMG China appoints chairman.aspx.eluta. 27. 12. KPMG.com. 22. 15. 25. 10. 23. ^ a b KPMG International: HQ[dead link] ^ KPMG International names new Chairman ^ a b c "KPMG Reports 2010 revenues of US$20. 37. 51.ca/topemployer-kpmg. 41. KPMG merger to create US juggernaut ^ KPMG Consulting becomes Bearing Point ^ BearingPoint Seeks Bankruptcy Protection ^ French Atos buys two KPMG consulting units ^ Are they off their trollies? New Statesman article ^ FTI Consulting Completes Acquisition of Dispute Advisory Services Business Of KPMG ^ Norway and Saudi Arabia to join KPMG Europe LLP ^ Accounting firms drawn into Madoff scandal ^ Madoff-related class action filed in SDNY against Tremont Group.cn/gtps ^ Top 2 overall in Consultancy Rankings 2009 by OpRisk & Compliance ^ World's most attractive employers. 21. 50. 20. 2009 Canada's Top 100 Employers Competition". 6.The New Emerging Destinations ^ Issues and Insights produced by KPMG in China ^ Working Mother ^ 100 Best Companies to work for ^ Extract from Training Magazine ^ College Grad. 33. 35. 8. 16. Retrieved 8 January 2011. 45. 34. 3. 48. ^ KPMG agrees to settle Rite Aid suit.Chairman of the International Accounting Standards Board References 1. 43.com/Global/en/IssuesAndInsights/ArticlesPublications/Press-releases/Pages/KPMGReports-2010-revenues. Sir David Tweedie .6. 29. 52.000 staff dramatic cut in hours to save jobs ^ "Reasons for Selection.com ^ Best Places to Launch a Career ^ Best 100 Companies ^ Four day week as work dries up: KPMG offers 11. 14. Feb 2011 ^ KPMG Global Services ^ China Tax services ^ KPMG's Trade and Customs services ^ KPMG’s Global China Practice ^ 2011 World's Best Outsourcing Advisors ^ International Tax Review Asia Tax Awards. 44.kpmg. 13. 5. IAB ^ KPMG China appoints Stephen Yiu as Chairmanm Hong Kong Business. ^ a b c d e KPMG . 2.ranked Second. and First of the Big Four ^ KPMG: Corporate & Indirect Tax Rate Survey ^ KPMG: Individual Income Tax and Social Security Rate Survey ^ Competitive Alternatives: KPMG's Guide to International Business Location ^ KPMG: Exploring Global Frontiers . 24. 2010 . 47. http://www. 38.kpmg. . 49.History ^ Ernst & Young. 18. 36. Washington Post ^ KPMG Germany's Failure to Spot Siemens Problems Raises Questions ^ Siemens Supervisory Board Proposes Ernst & Young As Auditors ^ Fannie Sues KPMG for Approving Bad Numbers ^ Report Assails Auditor for Work at Failed Home Lender 4. others ^ Handelsregister des Kantons Zug (Registration Number CH-020. 19. KPMG. 39. ^ KPMG Pays $115 Million to Settle Suit ^ Charge Against KPMG Dropped Carrie Johnson. 26. 42. 9. 7. 28.900. 31. 2010 ^ Retail in Asia article ^ KPMG China GTPS site ^ International Tax Review article (March 2011) ^ http://www. 46. 30. 2007. 17. 40.

57. 54. Retrieved 16 March 2010. 60. 1984 . "Golden boy Bilodeau weighs new offers". The Globe and Mail.ca/freestyle-skiing/news/newsid=44879. 59. Brenda (17 February 2010).se Från skott till skatt.com/2010/02/alexandre-bilodeau-kpmg-canadas-philmickelson/.53. The Going Concern. http://www. 58. Caleb (18 February 2010). Retrieved 16 March 2010. 55. ^ SEC News Digest.ctvolympics. http://goingconcern. ^ KPMG and Xerox Settle Securities Lawsuit ^ HQ Bank accountant KPMG reported after flaws ^ Aftonbladet.html. September 23. 56. ^ Newquist. March 23 2002 ^ Mickelson signs agreement with KPMG LLP ^ Bouw.

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