KPMG Peat Marwick
 |
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| Swiss Cooperative | |
| Industry | Professional services |
| Founded | 1987 (merger of Peat Marwick International and Klynveld Main Goerdeler) 1979 (KMG) 1925 (Peat Marwick) 1818 (Oldest component: Grace, Darbyshire, & Todd) |
| Founders | John Moaxham, James Grace, James Grace Jr., Henry Grace, Thomson McLintock, James Marwick, Roger Mitchell, Ferdinand William LaFrentz, Robert Fletcher, William Barclay Peat, Frank Wilber Main, Piet Klijnveld, Jaap Kraayenhof, Phillip Derbyshire, Gerald Todd |
| Headquarters | Amstelveen, Netherlands |
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Area served
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Worldwide |
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Key people
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J. B. Veihmeyer (chairman) |
| Services | |
| Revenue |  US$25.42 billion (2016) |
|
Number of employees
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188,982 (2016) |
| Website | www.kpmg.com |
KPMG is a professional service company and one of the Big Four auditors, along with Deloitte, Ernst & Young (EY), and PricewaterhouseCoopers (PwC).
Seated in Amsterdam, the Netherlands, KPMG employs 189,000 people and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups.
The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler." It was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick.
The organization's history spanned three centuries. In 1818 John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moaxham & Co. and renmed it James Grace & Son in 1857. In 1861 Henry Grace joined James Jr. and the company was renamed James & Henry Grace.William Barclay Peat joined Robert Fletcher & Co. in London at 17 and became head of the firm in 1891, renamed William Barclay Peat & Co. by then. In 1877 Thomson McLintock founded Thomson McLintock & Co in Glasgow. In 1897 Marwick Mitchell & Co. was founded by James Marwick and Roger Mitchell in New York City. In 1899 Ferdinand William LaFrentz founded the American Audit Co., in New York.
On the other side of the Atlantic, in about 1913, Frank Wilber Main founded Main & Co. in Pittsburgh. In March 1917 Piet Klijnveld and Jaap Kraayenhof opened an accounting firm called Klynveld Kraayenhof & Co. in Amsterdam. In 1920 Philipp Derbyshire & Gerald Todd became partners in James & Henry Grace and it was renamed to Grace, Darbyshire, & Todd.
In 1923 The American Audit Company was renamed FW LaFrentz & Co. In 1925 William Barclay Peat & Co. and Marwick Mitchell & Co., merged to form Peat Marwick Mitchell & Company (later known simply as Peat Marwick).
In 1963 Main LaFrentz & Co was formed by the merger of Main & Co and FW LaFrentz & Co. In 1967 Grace, Darbyshire, & Todd merged with CJ Ryland & Co to form Grace, Ryland & Co. In 1969 Thomson McLintock and Main LaFrentz merged forming McLintock Main LaFrentz International and McLintock Main LaFrentz International absorbed the general practice of Grace, Ryland & Co.
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Wikipedia