KPMG stands for Klynveld Peat Marwick and Goerdeler. Each of those names stands for one of the major partnerships that makes up KPMG’s history.
Related Content: KPMG Wiki – learn about KPMG and KPMG’s history.
The K in KPMG
The first letter of KPMG – K stands for Klynveld. Klynveld is the last name of for Piet Klynveld.
Who is Piet Klynveld?
Piet Klynveld was an accountant in Amsterdam. He opened his accounting firm in 1917. He later partnered with Jaap Kraayenhof to create Klynveld Kraayenhof and Company. When Klynveld passed away, he left the largest accounting firm in the Netherlands behind.