KPMG Full Form | What Does KPMG Stand For?

KPMG: Klynveld Peat Marwick Goerdeler

KPMG Full Form

KPMG full form stands for Klynveld Peat Marwick Goerdeler. KPMG International Limited is one of the Big Four accounting organizations and an Anglo-Dutch multinational professional services network.

The name “KPMG” means “Killenveld Pete Marvik Goerdeler”. It was chosen in 1987 to merge with KMG (Klynveld Main Goerdeler) Pat Marco.

Brief Explanation

Located in Amsterdam, KPMG has a network of companies in 147 countries, with over 219,000 employees and three lines of service: financial audit, tax, and consulting. Its tax and advisory services are divided into separate service groups.

The US member firm accused KPMG of fraudulent marketing through the US Department of Justice. KPMG LLP pleaded guilty to creating fraudulent tax havens so that wealthy customers could avoid ₹ 2.5 billion in taxes between 1996 and 2002, and pay ₹ 456 million in fines to avoid punishment.

Under the deferred prosecution agreement, KPMG will not face criminal prosecution if it complies with the terms of its agreement with the government. On January 3, 2007, criminal conspiracy charges against KPMG were dropped.

Services

KPMG is organized into the following three service lines:

  • Audit (38%)
  • Advisory (40%)
  • Tax (22%)

Awards

  • KPMG has been ranked in the top two in the Consultancy Rankings 2009 by Oprisk and Compliance in recognition of KPMG’s experience in risk management.
  • In 2011, the company was named one of the 100 Best Companies in Working Mother Magazine.
  • KPMG was ranked 13th in 2016 for working for Consulting Magazine’s Best Firm.
  • In 2017, KPMG was ranked 29th on the Fortune list of the 100 best-performing companies.

What Is The Full Form Of KPMG?

KPMG full form stands for Klynveld Peat Marwick Goerdeler. It is one of the Big Four accounting organizations and an Anglo-Dutch multinational professional services network. In 2017, KPMG was among the UK’s top 25 companies, working with PWC, Deloitte, and PA Consulting Group.

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