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KPMG International Limited [2] (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations, along with Ernst & Young (EY), Deloitte, and PwC. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". [ 3 ]
The last of the Big Four to report its 2024 results, KPMG reported in December that in the 12 months to September 30, it saw revenues of $38.4 billion, a rise of just over 5% compared to 2023.
Until 2020, KPMG [4] was the only Big Four firm not registered as a UK private company, but rather the co-ordinating entity was a Swiss association (verein). However, KPMG International changed its legal structure from a verein to a co-operative under Swiss law in 2003, [5] then to a UK limited company in 2020. [4]
KPMG UK and KPMG Switzerland merged on October 1, creating a new $4.4 billion business that is the second largest in KPMG's global network. It has about 17,000 partners and staff.
They include the well-known accounting networks like PwC, Deloitte, Ernst & Young and KPMG (also known as the Big 4 Audit Firms) as well as more than 30 other accounting networks and associations. [3] They are highly structured entities. The law firm network developed in the late 1980s.
KPMG is one step closer to becoming the first Big Four firm to set up a legal division in the US. ... division was KPMG's fastest-growing function, expanding by almost 10%. ... and that there ...
The Big Four all offer audit, assurance, taxation, management consulting, valuation, market research, actuarial, corporate finance, and legal services to their clients. A significant majority of the audits of public companies , as well as many audits of private companies , are conducted by these four networks.
KPMG, one of the Big Four consultancies, ... Clients' concerns about AI have shifted over time: First, it was ethics, hallucinations, and trust; the past four or five months, it's been about ...