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Sir William Barclay Peat CVO (15 February 1852 – 24 January 1936) was an accountant and one of the founders of KPMG. Career. Peat born in Forebank, St Cyrus, Kincardine, Scotland. He was the second son of James Peat and Margaret Barclay (of the banking family that built Barclays, one of England's largest banks). [1] .
When a young William Barclay Peat started work, as a clerk for a London accountancy firm in 1870, it's unlikely he was thinking about the legacy he'd leave behind. 150 years later, Peat is the 'P' in KPMG: a global network of firms that employs over 200,000 people.
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]
The firm's long history of working with the Royal Family begins. Our founder William Barclay Peat, was appointed as auditor of the Privy Purse by King Edward VII. The firm's partners have now served five monarchs.
In the first and second World Wars the British government turned to Sir Harry Peat (son of William Barclay Peat) and appointed him to be financial secretary designate of the Ministry of Food. The Ministry had the hugely important job of ensuring there were no food shortages in the UK.
Scottish-born Sir William Barclay Peat was the second son of James Peat and Margaret Barclay (of the banking family that built Barclays Bank, one of England’s largest).
KPMG Wiki. 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.
The journey of William Peat did not end when he became the partner of the firm. Instead of being just a partner, he tried to gain the leadership of the whole firm. In 1891, he succeeded in doing so and he renamed the firm to William Barclay Peat & Company. With this, he started his legacy in accounting.
Oct 30, 2023 · The four founders of KPMG are considered to be William Barclay Peat, James Marwick, Piet Klynveld and Reinhard Goerdeler. History. The history of KPMG can be traced back to its four so-called founding fathers, who each made their mark on the field of accounting in their own time and place.
Beginning its life as William Barclay Peat & Co in London in 1870, KPMG only took its present form in 1987 when Peat Marwick International (formed by the merger of William Barclay Peat & Co and Marwick Mitchell & Co) joined forces with Klynveld Main Goerdeler, an international group that incorporated Klynveld Kraayenhof, Main Lafrentz & Co ...
