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KPMG

A multinational professional services network, and one of the Big Four accounting organizations, along Ernst & Young (EY), Deloitte, and PwC. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler"

Categories

Financial and Banking  
Summary

KPMG is a leading global network of professional services firms, providing audit, tax, and advisory services to clients worldwide. With a strong presence in 146 countries and territories, KPMG is recognized for its extensive expertise, unwavering integrity, and commitment to delivering exceptional value to its clients. The firm's global network enables seamless collaboration and knowledge sharing, ensuring that clients receive tailored and innovative solutions to their complex business challenges.

At KPMG, the focus is on helping organizations navigate the rapidly changing business landscape and capitalize on emerging opportunities. The firm offers a wide range of services, including financial statement audits, risk management, tax planning, mergers and acquisitions advice, and technology consulting. Through its advisory services, KPMG assists clients in optimizing their operations, managing risks, and driving sustainable growth.

KPMG's global network is comprised of highly skilled professionals who possess deep industry knowledge and a commitment to delivering quality service. By leveraging their expertise and employing advanced technologies, KPMG professionals provide clients with valuable insights and strategic guidance. The firm's client-centric approach ensures that solutions are tailored to meet the unique needs and objectives of each organization, regardless of size or industry.

In addition to its core services, KPMG is dedicated to making a positive impact on society. The firm actively engages in corporate social responsibility initiatives, supporting environmental sustainability, diversity and inclusion, and community development. KPMG is committed to acting as a responsible corporate citizen, contributing to the betterment of the communities in which it operates.


History

KPMG is a leading global network of professional services firms, providing audit, tax, and advisory services to clients worldwide. With a strong presence in 146 countries and territories, KPMG is recognized for its extensive expertise, unwavering integrity, and commitment to delivering exceptional value to its clients. The firm's global network enables seamless collaboration and knowledge sharing, ensuring that clients receive tailored and innovative solutions to their complex business challenges.

At KPMG, the focus is on helping organizations navigate the rapidly changing business landscape and capitalize on emerging opportunities. The firm offers a wide range of services, including financial statement audits, risk management, tax planning, mergers and acquisitions advice, and technology consulting. Through its advisory services, KPMG assists clients in optimizing their operations, managing risks, and driving sustainable growth.

KPMG's global network is comprised of highly skilled professionals who possess deep industry knowledge and a commitment to delivering quality service. By leveraging their expertise and employing advanced technologies, KPMG professionals provide clients with valuable insights and strategic guidance. The firm's client-centric approach ensures that solutions are tailored to meet the unique needs and objectives of each organization, regardless of size or industry.

KPMG has a long and storied history that can be traced back to the founding of several prominent accounting firms. In 1870, William Barclay Peat joined Robert Fletcher & Co. in London, which would later become known as William Barclay Peat & Co. In 1877, Thomson McLintock founded Thomson McLintock & Co. in Glasgow. In 1897, James Marwick and Roger Mitchell established Marwick Mitchell & Co. in New York City. In 1899, Ferdinand William LaFrentz founded the American Audit Co., which would eventually become FW LaFrentz & Co.

In 1913, Frank Wilber Main founded Main & Co. in Pittsburgh, while in 1917, Piet Klijnveld and Jaap Kraayenhof opened the accounting firm Klynveld Kraayenhof & Co. in Amsterdam. These firms continued to grow and expand their services throughout the early 20th century.

In 1925, William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form Peat Marwick Mitchell & Co., solidifying their presence in the accounting industry. Over the years, these firms underwent various mergers and acquisitions. Main LaFrentz & Co. was formed in 1963 through the merger of Main & Co. and FW LaFrentz & Co. In 1969, Thomson McLintock and Main LaFrentz merged to create McLintock Main LaFrentz International.

In 1979, Klynveld Kraayenhof & Co., McLintock Main LaFrentz, and Deutsche Treuhand-Gesellschaft joined forces to form KMG (Klynveld Main Goerdeler). KMG aimed to create a strong European-based international firm. KPMG's first CEO was Reinhard Goerdeler, the son of Carl Goerdeler, a prominent anti-Nazi activist.

In 1987, KMG and Peat Marwick merged to form KPMG in the United States and most of the world, and Peat Marwick McLintock in the United Kingdom. This merger marked the first mega-merger of large accounting firms and established KPMG as a global player in the industry.

Throughout the following decades, KPMG continued to expand its services, expertise, and global reach. It made strategic acquisitions, spun off its consulting arm as BearingPoint through an initial public offering in 2001, and divested itself of other non-core businesses.

In recent years, KPMG has undergone leadership changes and reorganizations. In 2020, KPMG International Limited was incorporated in London, England. In 2021, the UK branch appointed its first female leaders, Bina Mehta and Mary O'Connor, following the resignation of Bill Michael due to controversial comments. However, O'Connor left the firm after being passed over for the permanent role.

KPMG has remained at the forefront of the accounting and professional services industry, adapting to the changing business landscape and embracing new technologies and practices. The firm continues to serve clients globally, providing audit, tax, and advisory services across a wide range of industries.


Mission

KPMG's mission is to provide exceptional professional services that inspire confidence, empower organizations to drive change, and foster sustainable growth. The firm is dedicated to understanding its clients' unique challenges and delivering tailored solutions that address their specific needs. By upholding the highest standards of professionalism, integrity, and ethical conduct, KPMG aims to instill trust in its clients, stakeholders, and the broader business community.

KPMG strives to be a catalyst for positive change, assisting organizations in navigating complex business landscapes, embracing innovation, and seizing opportunities for growth. The firm's focus on driving sustainable growth goes beyond financial performance, encompassing environmental stewardship, social responsibility, and governance practices. By integrating environmental, social, and governance (ESG) considerations into its operations and client engagements, KPMG aims to contribute to a more sustainable and inclusive future.

Through its expertise, global network, and commitment to excellence, KPMG aims to make a lasting impact on its clients, employees, communities, and society as a whole. The firm's mission is to be a trusted advisor and partner, providing insights, guidance, and solutions that help organizations thrive in an ever-evolving world. By empowering organizations with the knowledge, resources, and confidence they need to navigate challenges and embrace change, KPMG strives to create a positive and transformative impact on the business landscape.


Vision

KPMG's vision is to be the clear choice for its clients, employees, and stakeholders by being at the forefront of innovation, driving change, and creating sustainable value. The firm aspires to be recognized as a trusted leader in the professional services industry, setting the standard for excellence and making a positive impact on society.

At the core of KPMG's vision is the commitment to delivering exceptional client service. The firm aims to exceed client expectations by providing innovative solutions, valuable insights, and expert advice. By understanding clients' unique needs and challenges, KPMG strives to be the go-to partner that helps organizations navigate complexity, seize opportunities, and achieve long-term success.

KPMG envisions a future where technological advancements, such as artificial intelligence, data analytics, and automation, are harnessed to drive transformation and create value. The firm seeks to be at the forefront of these developments, leveraging technology and digital solutions to deliver cutting-edge services and drive efficiency for its clients.

As a responsible corporate citizen, KPMG's vision extends beyond financial success. The firm aims to make a positive impact on society by promoting sustainability, fostering diversity and inclusion, and contributing to community development. KPMG envisions a world where organizations prioritize ESG considerations, and where economic growth is coupled with social and environmental responsibility.

In summary, KPMG's vision is to be a trusted and innovative leader in the professional services industry. By prioritizing client satisfaction, embracing technology-driven solutions, and promoting sustainable practices, the firm strives to create lasting value for its clients, employees, and society as a whole.


Key Team

Bill Thomas (Global Chairman)

Bina Mehta (Chair)

Jonathan Holt (Chief Executive)

Paul Knopp (Global Deputy Chairman and COO)

Simon Collins (Chairman, KPMG International)

Laura Hay (Global Head of People, Performance & Culture)

Mark Goodburn (Global Head of Advisory)

Philip Isom (Global Head of Audit)

Tim Zanni (Global and U.S. Technology, Media, and Telecommunications Sector Leader)

Susan Ferrier (Global and U.S. Chief People Officer)

Lisa Barry ( Global Chief Clients Officer)

Miriam Hernandez-Kakol (Global Head of Advisory - Strategy, Global Lead, Management Consulting and Global Head of Intelligent Automation)

Harry Moseley (Global CIO)

Sean Joyce (Global Leader, Cybersecurity)

Damian Regan (Global Head of Audit Innovation and Data & Analytics)


Products and Services

KPMG offers a comprehensive range of products and services to assist organizations across various industries in navigating the complexities of today's business landscape. The firm's expertise spans across the following key areas:

Audit and Assurance: KPMG's audit services help clients maintain transparency and credibility in their financial reporting. The firm's skilled professionals conduct independent assessments, provide insights on financial performance, and offer recommendations to enhance internal controls and risk management.

Tax Advisory: KPMG's tax professionals provide strategic advice and guidance to clients in managing their tax obligations efficiently. They assist in navigating complex tax regulations, optimizing tax planning strategies, and identifying opportunities for tax savings.

Advisory Services: KPMG's advisory services help organizations address critical business challenges and achieve their strategic goals. These services cover a wide range of areas, including risk management, technology transformation, operational improvement, mergers and acquisitions, and sustainability.

Consulting: KPMG's consulting services focus on driving innovation and digital transformation. The firm helps clients leverage emerging technologies, such as artificial intelligence, data analytics, and cloud computing, to enhance business processes, improve customer experiences, and drive operational efficiency.

Deal Advisory: KPMG's deal advisory services support clients in making informed business decisions related to mergers, acquisitions, divestitures, and restructuring. The firm provides due diligence, valuation, financial modeling, and transaction support to help clients navigate complex transactions and optimize value.

Risk and Compliance: KPMG's risk and compliance services help organizations identify and manage risks effectively. The firm assists in developing risk management frameworks, conducting compliance assessments, and implementing robust internal controls to mitigate risks and ensure regulatory compliance.

Sustainability and ESG Services: KPMG supports clients in addressing environmental, social, and governance (ESG) considerations. The firm helps organizations develop sustainability strategies, measure and report on ESG performance, and align their business practices with sustainability goals.

Additionally, KPMG provides industry-specific solutions tailored to the unique challenges and requirements of various sectors, including financial services, healthcare, technology, manufacturing, and more.

Overall, KPMG's broad portfolio of products and services enables organizations to navigate complexities, manage risks, drive growth, and adapt to a rapidly evolving business landscape. The firm's commitment to quality, innovation, and client-centric approach ensures that clients receive tailored solutions to meet their specific needs and achieve their strategic objectives.


References
KPMG
Leadership team

Simon Collins (Chairman, KPMG International)

Paul Knopp  (Global Deputy Chairman and COO)

Laura Hay  (Global Head of People, Performance & Culture)

Jane McCormick  (Global Head of Tax and Legal Services)

Mark Goodburn  (Global Head of Advisory)

Philip Isom ( Global Head of Audit)

Tim Zanni  (Global and U.S. Technology, Media, and Telecommunications Sector Leader)

Susan Ferrier  (Global and U.S. Chief People Officer)

Lisa Barry  (Global Chief Clients Officer)

Miriam Hernandez-Kakol  (Global Head of Advisory - Strategy, Global Lead, Management Consulting and Global Head of Intelligent Automation)

Harry Moseley  (Global CIO)

Sean Joyce  (Global Leader, Cybersecurity)

Damian Regan  ( Global Head of Audit Innovation and Data & Analytics)

Industries

Financial and Banking

Products/ Services
Actuarial Assurance Financial, Legal, Tax advice, Consulting
Number of Employees
1,000 - 20,000
Headquarters
London, England
Established
1987
Company Type
Private company limited by shares or Ltd
Company Registration
SRA: 615423
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