Overview
KPMG is one of the world’s largest professional services firms, providing audit, tax, and advisory services. It is part of the "Big Four" accounting firms, alongside Deloitte, PwC, and EY. KPMG operates globally, serving clients across industries and sectors, including financial services, technology, manufacturing, healthcare, and government.
About KPMG:
- Founded: 1987 (through a merger of Klynveld Main Goerdeler (KMG) and Peat Marwick International)
- Founders: The company originated from two firms:
- Klynveld Main Goerdeler (KMG), founded in the 1970s, was a global network of accounting firms.
- Peat Marwick International, originally formed in 1897 as Marwick, Mitchell & Co.
- Headquarters: Amstelveen, Netherlands (Global), and has a major office in London, UK.
- Industry: Professional Services
- Number of Employees: Over 200,000 employees in more than 140 countries.
Key Facts & Features:
- History and Evolution:
- KPMG was formed in 1987 through the merger of Klynveld Main Goerdeler (KMG), a European firm, and Peat Marwick International, a leading global accounting network. The new entity retained the KPMG name, which stands for the initials of its founders.
- Over the years, KPMG expanded its service offerings and built a reputation for providing high-quality financial and business consulting services.
- Core Services:
- Audit and Assurance: KPMG provides independent audit services to companies of all sizes, including financial auditing, regulatory compliance, and internal controls. These services help organizations maintain transparency, accountability, and trust with investors, stakeholders, and regulators.
- Tax Services: KPMG offers a comprehensive range of tax services including corporate tax, international tax, indirect tax, and transfer pricing. They help businesses navigate complex tax laws and regulations, minimize tax risks, and achieve tax efficiency.
- Advisory Services: KPMG provides consulting services to clients in areas such as strategy, digital transformation, enterprise risk management, M&A, business performance improvement, and cybersecurity. Their advisory services aim to help businesses drive growth, manage risk, and optimize operational efficiency.
- Financial Services: KPMG is a trusted partner for companies in the financial sector, providing services such as banking and insurance advisory, regulatory compliance, and digital transformation within the financial industry.
- Global Presence:
- KPMG operates in over 140 countries, making it one of the most geographically diversified firms in the professional services industry. It has a network of member firms that provide services to clients globally while adhering to local regulations.
- The firm’s global footprint allows it to offer a deep understanding of local markets and industries while providing multinational clients with consistent and high-quality service.
- Industry Specialization:
- KPMG has deep expertise across a variety of industries, including financial services, technology, healthcare, energy, manufacturing, consumer goods, and public sector. The firm helps organizations within these sectors solve industry-specific challenges and maximize value through tailored solutions.
- Technology and Innovation:
- KPMG places a strong emphasis on digital transformation and technological innovation. The firm uses cutting-edge tools like data analytics, artificial intelligence (AI), cloud technologies, and blockchain to enhance its services and offer more data-driven insights to clients.
- KPMG has invested in digital capabilities and emerging technologies to help businesses improve their operations, manage risk, and enhance decision-making.
- Sustainability and Corporate Responsibility:
- KPMG is committed to sustainability and corporate social responsibility (CSR), working with clients to address environmental, social, and governance (ESG) issues.
- The firm has set ambitious sustainability goals, including reducing its own environmental impact, promoting diversity and inclusion, and contributing to various community and social development projects.
- Corporate Culture and Values:
- KPMG values a collaborative culture, with a focus on integrity, respect, and excellence in client service. The firm encourages its employees to innovate, share knowledge, and work together to deliver solutions that meet clients' needs.
- The firm is also committed to employee development and offers training and professional growth opportunities through various learning programs, certifications, and leadership development initiatives.
- Leadership and Governance:
- KPMG operates as a network of member firms, with each member firm governed by its local leadership while adhering to global standards set by the KPMG network.
- The firm’s leadership is committed to upholding KPMG's values and maintaining the firm’s reputation for delivering high-quality services to clients across the globe.
Mission & Vision:
- Mission: KPMG’s mission is to help clients navigate a rapidly changing world, by providing high-quality audit, tax, and advisory services that support their strategic decisions, enhance business performance, and build trust.
- Vision: KPMG envisions being the most trusted partner for businesses around the world, helping them to manage risk, enhance value, and achieve sustainable growth in a constantly evolving marketplace.
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