KPMG - Simplified - Introduction, Mergers, Acquisitions, Services Offered and Revenue.

 KPMG

Introduction :

KPMG is a multinational professional services network, and one of the Big Four accounting organizations. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler. It is Headquartered in Amstelveen, Netherlands, although incorporated in the United Kingdom, KPMG is a network of firms in 145 countries.

Mergers And acquisitions :

• MergersIn 1818, John Moxham opened a company named John Moxham & Co in Bristol
• In 1857 James Grace and James Grace Jr. bought John Moxham & Co. and renamed it, James Grace & Son.
• In 1861, Henry Grace joined James Jr. and the company was renamed, James & Henry Grace.
• In 1870 William Barclay Peat joined Robert Fletcher & Co. in London and renamed William Barclay Peat & Co.
• 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.
• In 1923, The American Audit Company was renamed FW LaFrentz & Co.
• 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 1925, William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form Peat Marwick Mitchell & Co.
• In 1963, Main LaFrentz & Co was formed by the merger of Main & Co and FW LaFrentz & Co.
• In 1969 Thomson McLintock and Main LaFrentz merged forming McLintock Main LaFrentz International.
• In 1979, Klynveld Kraayenhof & Co. (Netherlands), McLintock Main LaFrentz (United Kingdom / United States) and Deutsche Treuhandgesellschaft (Germany) formed KMG (Klynveld Main Goerdeler).
• In 1987, KMG and Peat Marwick joined forces in the first mega-merger of large accounting firms and formed a firm called KPMG.
• In 1991, the firm was renamed KPMG Peat Marwick.
• In 1999, the name was reduced again to KPMG.
• In October 1997, KPMG and Ernst & Young announced that they were to merge but later abandoned.
• KPMG Consulting, which was rebranded BearingPoint but in 2009, BearingPoint filed for bankruptcy.
• In 2007 KPMG’s member firms in the United Kingdom, Germany, Switzerland, and Liechtenstein merged to form KPMG Europe LLP.
• In 2020, KPMG International Limited was incorporated in London, England.
• In February 2021, KPMG UK appointed its first female leaders,
• In April 2022, it was announced that KPMG will acquire 50% of the UK-based venture capital advisory specialist Acceleris subject to approval from the Financial Conduct Authority.

Main services offered by KPMG :

1. Audit and Assurance
2.  Tax & Legal 
3. Advisory

Revenue Year-Wise

Services	FY21	FY20	Growth (%)
Audit	11.46	11.07	4%
Tax and Legal services	7.02	6.48	8%
Advisory	13.65	11.67	17%
Total	32.13	29.22	10%

Revenue Region-Wise

Regions	FY21	FY20	USD Growth (%)
Americas	11.88	11.22	6%
Asia Pacific	5.97	5.26	13%
EMA	14.28	12.74	12%
Total	32.13	29.22	10%