KPMG Wiki (What is KPMG?) 2017-10-27T03:09:39+00:00

KPMG Wiki

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KPMG first became KPMG in 1987 when Peat Marwick Mitchell & Co and Klyvnveld Main Goerdeler merged into one firm. Visit our Big 8 accounting firms page to learn more about the history of KPMG and the other big four accounting firms.

Peat Marwick Mitchell & Co originated from the merger of William Barclay Peat & Co and Marwick Mitchell & Co in 1911.

William Barclay Peat & Co was founded in 1870 in London. William Barclay Peat was born in 1852.

Marwick Mitchell & Co was founded in 1897 in New York City by James Marwick.

What does KPMG stand for? Learn about the full form of KPMG on our KPMG full form page.

KPMG Headquarters

Laan Van Langerhuize 1

Amstelveen

Amsterdam, Netherlands


KPMG Values

We lead by example

We work together

We respect the individual

We seek the facts and provide insight

We are open and honest in our communication

We are committed to our communities

Above all we act with integrity

William Barclay Peat
William Barclay PeatFounder
William moved to London at 17 to become an accountant. He later became a partner at 24. In 1891, he assumed full ownership of the accounting firm that he worked at.
Piet KlynveldFounder
Piet was born in Amsterdam in 1874. He opened a small accounting firm in Amsterdam in 1917. When he died in 1946, he left behind the largest accounting firm in the Netherlands.

KPMG Revenue

KPMG’s revenues totaled $25.4 billion for the 2016 fiscal year. This represents about a 8.0% increase in local currency versus the prior year.

The majority of the revenue came from KPMG’s audit practice which accounted for about $10.12 billion in revenues in 2016. Advisory represented the next largest stream of revenue accounting for about $9.74 billion in revenue in 2016. The tax practice earned the firm $5.56 billion.

Check out our latest article that goes over the 2016 revenue for each big 4 accounting firm to learn more about KPMG’s 2016 revenue results.

KPMG’s revenues totaled $24.4 billion for the 2015 fiscal year. This represents about a 8.1% increase in local currency versus the prior year.

The majority of the revenue came from KPMG’s audit practice which accounted for about $10 billion in revenues in 2015. Advisory represented the next largest stream of revenue accounting for about $9 billion in revenue in 2015.

Check out our latest article that goes over the 2015 revenue for each big 4 accounting firm to learn more about KPMG’s 2015 revenue results.


KPMG Employees

As of 2016, KPMG has 188,982 employees. That represents a growth of 8.6%. Of those 188,892 employees 54,111 worked in the Americas, 96,404 worked in the Europe Middle East Africa Region, and 38,467 worked in the Asia Pacific region.

KPMG had 9,843 partners, 147,028 professionals and 32,111 professional support staff as of 2016.

KPMG had over 173,000 employees working in its member firms in 2015. KPMG grew their global head count by about 7% in 2015.

Of those 173,000 employees about 9 thousand were partners. The region that employed the most KPMG professionals was their EMA region which employeed about 89,000 individuals. The Americas employed the second most staff with about 50,000 employees in that region.


Leadership

  • John Veihmeyer is the chairman of KPMG International
  • John M Scott is the Deputy Chairman of KPMG International.
  • Lynne Doughtie heads up the US Region.
  • Simon Collins is the head of KPMG UK.
  • Richard Rekhy is the head of KPMG India.

KPMG Frequently Asked Questions

  1. What is KPMG? – KPMG is a professional services firm that primarily focuses in accounting and more specifically the auditing of various companies’ financial statements.
  2. How many employees does KPMG have? – As stated above, KPMG has 173,000 employees as of 2015.
  3. Who is the CEO of KPMG? – The CEO of KPMG is Lynne Doughtie.
  4. KPMG lines of service – KPMG has tax, assurance, and advisory lines of service.
  5. What does KPMG do? – KPMG LLP is primarily an audit firm which means they are responsible for auditing the financial statements of various companies. They also offer tax services and consulting services to their clients.
  6. Who audits KPMG? KPMG is audited by the PCAOB. ThePCAOB stands for the Public Company Accounting Oversight Board.
  7. Where can I find the KPMG Stock Price? Many people ask about the KPMG stock price or the KPMG share price. Unfortunately, KPMG is not a publicly traded company, so it does not have a stock price.
  8. KPMG Fortune 500 ranking – KPMG did not make the Fortune 500 ranking in 2015.
  9. What does KPMG stand for? – KPMG stands for  Klijnveld Peat Marwick Goerdeler. These were names of the former firms that KPMG merged together.