KPMG

KPMG International Cooperative ( also KPMG International) is a global network of legally separate and independent companies in the areas of audit, tax and corporate and management consulting.

The name of the company dates back to its founder Klynveld, Peat, Marwick Goerdeler and. With approximately 152,000 employees at locations in 156 countries and a total of 23.03 billion USD in sales (2012 ) KPMG is one of the so-called Big Four at the international audit firms. The European Group parent company KPMG Europe LLP with 32,300 employees at more than 143 locations and sales of EUR 4.997 billion (2012 ), Europe's largest accounting firm. In Germany, the company employs 8,500 people at 25 locations; in the fiscal year of 2012, sales amounted to 1.306 billion EUR.

  • 5.1 Trivia
  • 7.1 Germany
  • 7.2 Austria
  • 7.3 International Scandals

Development and brand

KPMG was formed by merger legally separate and independent accounting and consulting firms from the Netherlands, Great Britain, the United States and Germany. The letters give each a reference to the founder and chairman of these companies:

  • Klynveld - by Piet Klynveld, founder of Klynveld Kraayenhof & Co. founded in Amsterdam in 1917,
  • Peat - after William Barclay Peat, founder of the William Barclay Peat & Co. in London, founded in 1870,
  • Marwick - after James Marwick, founder of Marwick, Mitchell & Co. in New York founded in 1897,
  • Goerdeler - after Reinhard Goerdeler, chairman of Deutsche Treuhand-Gesellschaft, founded in 1890.

History

The company's history dates back to 1870 when William Barclay Peat in London called the accounting firm " William Barclay Peat & Co. " to life. 1890 became the first German firm that founded " German -American Trust Company". From 1892 this was renamed as " German Treuhand-Gesellschaft " ( DTG). In 1911, William Barclay Peat & Co. and Marwick Mitchell & Co. merged. The new company later became known as Peat Marwick International (PMI ) is known.

1979 Klynveld merged with Deutsche Treuhand-Gesellschaft ( DTG) and McLintock Main Lafrentz audit firm Klynveld Main Goerdeler ( KMG).

1986 merged PMI and KMG in the first mega- merger of large accounting firms. The new company in 1987 received the name " KPMG ." Ten years later, in 1997, negotiated KPMG and Ernst & Young on a merger. This was generally regarded as a response to the recently performed merger of Price Waterhouse and Coopers & Lybrand PricewaterhouseCoopers. During the PricewaterhouseCoopers merger was approved by the regulatory authorities, KPMG and Ernst & Young completed its merger talks in October 1997, before it came to a merger.

To meet that affect on Germany independence requirements of the Sarbanes -Oxley Act in the U.S., KPMG Germany separated in 2002 completely from participation in KPMG Consulting AG and sold the shares in the KPMG Consulting, Inc. USA, which since as BearingPoint acts. In the same year, KPMG sold the Actuarial Services unit to Mercer Human Resource Consulting. In addition, the separation of the law firm Beiten Burkhardt was completed with effect from 1 October 2003.

2002, KPMG Germany with the German subsidiary of Arthur Andersen talks about a possible merger on. In other countries the relevant KPMG national companies merged to become part of the local Arthur Andersen national company. Arthur Andersen Germany, however, joined in September 2002 with Ernst & Young together.

2003 KPMG Germany had five offices (Chemnitz, Erfurt, Magdeburg, Rostock, Schwerin ). 2004, the Jena site was opened, 2008 Hall and Dortmund were added. Today (November 2011) KPMG is represented in Germany at 24 locations.

Since October 1, 2008 KPMG operates in Germany under the name KPMG accounting firm.

Organization

Parent companies

KPMG International

KPMG International Cooperative (" KPMG International" ) is the coordinating parent company of the global KPMG network.

All national KPMG companies associated with this company, which is responsible among other things for the strategic direction and brand development.

KPMG Europe LLP

KPMG Europe LLP (" KPMG Europe " ) is the coordinating parent company of the KPMG network in Europe and Saudi Arabia.

The member companies from Germany, Great Britain and Switzerland joined on 1 October 2007 along the " KPMG Europe LLP ". The group company is registered in London, the headquarters is in Frankfurt am Main. Co - Chairmen are Rolf Nonnenmacher and John Griffith -Jones.

On October 1, 2008, KPMG completed in Spain of KPMG Europe LLP, KPMG in Belgium followed in 2009 ( The audit division of KPMG in Belgium is not part of KPMG Europe LLP. ). On October 1, 2009, the subsidiaries in Luxembourg, the Netherlands, Turkey and some of the CIS (Russia, Ukraine, Kazakhstan, Kyrgyzstan, Georgia and Armenia) are additionally joined. End of 2010, KPMG also decided in Norway and Saudi Arabia to join KPMG Europe LLP .. In July 2011, Jordan was joined by KPMG.

National Societies (excerpt)

Chairman of KPMG International

  • Reinhard Goerdeler (1987-1991)
  • Jim Butler (1991-1993)
  • Hans Havermann (1993-1995)
  • Jon C. Madonna (1995-1996)
  • Colin M. Sharman (1996-1999)
  • Stephen G. Butler (1999-2002)
  • Michael Rake (2002-2007)
  • Timothy P. Flynn (2007-2011)
  • Michael J. Andrew ( since 2011 )

Some large customers

  • Adidas
  • Adobe
  • BMW
  • Continental
  • German bank
  • Fresenius
  • Handle
  • Pfizer
  • Thyssen -Krupp (also at Pricewaterhouse Coopers )

Trivia

Prizes and awards

  • KPMG U.S. has been included in the ranking of the " FORTUNE 100 Best Companies to Work For ® 2011".
  • KPMG International was ( the world's most attractive employer) elected in 2011 in the universe 's ranking "The World's Most Attractive Employers " again number two behind Google and is thus faced with the Big 4 competition.
  • KPMG International was elected in 2010 in the universe 's ranking "The World's Most Attractive Employers " (the world's most attractive employer) at No. 2 behind Google. This is the best-placed KPMG auditing and consulting company. To determine the rankings, approximately 130,000 students were asked about their employer of choice. The survey was conducted at leading universities in the countries of Brazil, China, Germany, France, India, Italy, Japan, Canada, Russia, Spain and the United Kingdom of Great Britain and Northern Ireland and in the United States of America.
  • KPMG Canada in 2010 reached for the eighth time in a row a place among "Canada 's Top 100 Employers " ( Canada's 100 best employers), awarded by Mediacorp Canada Inc. and Maclean 's news magazine. The company by the Toronto Star, the largest circulation Canadian daily newspaper, in the ranking of " Greater Toronto 's Top Employers " ( Toronto's best employers) was also incorporated in 2010.
  • KPMG U.S. is in the top ten companies in which mothers the best working conditions possible, awarded by the magazine Working Mother. KPMG USA is also in the ranking "100 Best Companies to Work For " ( The 100 Best Companies to Work ), which is elected by workers.
  • KPMG International is a 2010 Hong Kong Tax Firm of the Year, 2010 China Transfer Pricing Firm of the Year and 2010 Asia Private Equity Firm of the Year, awarded by the International Tax Review. Same price had won the company in 2009.
  • KPMG International, after Germany -wide surveys of legal entrants selected by the 2010 law career magazine Azur in the circle of the top 100 employers for legal professionals.
  • KPMG International is the 5th of the rankings of companies with the best training and further education programs of Training Magazine.
  • KPMG International is ranked 4th in the ranking " 50 Best Places to Launch a Career" ( The 50 Best Companies to Work for Career Start) Business Week.
  • KPMG International was elected in 2009 by CollegeGrad.com as the preferred employer among the Big Four.
  • KPMG International has been voted 2009 ranked 2nd " Best Places to Intern " ( list of companies with the attrakivsten Praktiumsstellen ) of Bloomberg Businessweek.
  • KPMG Germany was named in 2009 by students as the most popular accounting and consulting firms. In the overall ranking of the study of trendence market research, the company occupies 5th place behind Lufthansa, Audi, Porsche and BMW.
  • KPMG Germany was awarded in 2012 for the third time as a family-friendly company and received the certificate " work and family ". The prize is awarded by the berufundfamilie gGmbH of the Hertie Foundation. Be an acknowledgment of the company's efforts to facilitate a variety of programs and individual measures to employees to combine work and family. For example, KPMG offers different working time models which take into account the needs of working parents, and at individual sites are evidence nursery places available.
  • KPMG UK in 2008 was named by the newspaper The Times best employer. 2005, 2006 and 2007, had the same ranking always places in the top three occupied.

KPMG in the News

Like other accounting firms KPMG came as auditors repeatedly in the focus of public attention when companies have been found with hindsight accounting errors due to manipulation by the top management. Allegations, not to have made ​​in individual cases, the audit properly or even to be involved in manipulation, KPMG has always rejected.

Germany

Austria

BAWAG affair KPMG audited the balance sheets of the company. The previously resigned from the company auditor as the other defendants convicted in July 2008 and lodged an appeal against that judgment.

International scandals

In early 2005 the U.S. firm KPMG LLP and a variety of high-level employee was accused of abetting tax evasion in the amount of 2.5 billion U.S. dollars. The suit was dropped in 2007 after KPMG had fulfilled the conditions in an agreement to defer prosecution; under this Agreement granted KPMG fraudulent behavior, and agreed to a payment of 456 million U.S. dollars.

The company received the 2005 Public Eye Award negative price.

The scandal over the accounting fraud at the Banco Nacional in Brazil, the responsible auditor KPMG, Marco Aurélio Diniz Maciel, was found guilty in 2007.

Types of business entity Amstelveen Mercer (consulting firm) Adobe Systems Continental AG Nursery school Deloitte
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