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In 1816, Robert Fletcher started working as an accountant and in 1839 the firm he worked for changed its name to Robert Fletcher & Co. [8] William Barclay Peat joined the firm in 1870 at 17 and became head of the firm in 1891, renamed William Barclay Peat & Co. by then. [9]
As the world evolved, we adapted. In 1987, the mega-merger of Peat Marwick International (PMI) and KlynveldMain Goerdeler (KMG) was announced to the public and KPMG was formed. At the time, it was the largest merger in the history of the accounting business.
KPMG got its start in 1897, just a few years after the first American accounting firm had been set up. The company was formed by James Marwick and Roger Mitchell, who had both immigrated to the new world from Scotland. They set up their new partnership, called Marwick, Mitchell & Company, in New York City.
KPMG in India is one of the leading providers of risk, financial and business advisory, tax and regulatory services, internal audit, and corporate governance.
In 2002, as part of a global KPMG programme, KPMG in the Isle of Man became part of The Offshore Group, a sub-region of KPMG comprising 19 other international financial services centres, and in 2003, the business of KPMG in the Isle of Man was restructured within two LLCs – KPMG LLC and KPMG Audit LLC.
Jul 25, 2023 · KPMG was founded in 1987 through a merger of four accounting firms. The merger brought together Peat Marwick International, Klynveld Main Goerdeler, McLintock Main Lafrentz, and Deutsche Treuhand-Gesellschaft to form KPMG, which stands for the initial letters of the founding firms’ last names.
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KPMG first became KPMG in 1987 when Peat Marwick Mitchell & Co and Klyvnveld Main Goerdeler merged into one firm. Visit our Big 8 accounting firms page to learn more about the history of KPMG and the other big four accounting firms.
