Contents
[hide]
* 1 Name * 2 History * 3 Legal structure and executives * 4 Audit clients * 5 Tax shelter fraud * 6 Banco Nacional Scandal in Brazil * 7 Corporate Anthem and Internet Cliche * 8 Notable current and former employees o 8.1 Business o 8.2 Politics and public service o 8.3 Other * 9 External links
[edit] Name
The name of the firm, KPMG, is not actually an initialism. However, the roots of the name stem from four partners in the firms that merged to form KPMG.
* K stands for Klynveld. This originates from the accounting firm Klynveld Kraayenhof & Co. founded by Piet Klynveld in Amsterdam in 1917. * P is for Peat, originating from the accounting firm William Barclay Peat & Co., which was founded by William Barclay Peat in London in 1870. * M stands for Marwick. James Marwick founded the accounting firm Marwick, Mitchell & Co. together with Roger Mitchell in New York City in 1897. * G is for Goerdeler. Dr. Reinhard Goerdeler was for many years chairman of the German Deutsche Treuhand-Gesellschaft (DTG) and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger.
[edit] History
* In 1870, William Barclay Peat formed an accounting firm in London * In 1877 accountancy firm Thomson McLintock opens in Glasgow * In 1911, William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form what would later be known as Peat Marwick International (PMI). * In 1979, Thomson