KPMG

KPMG is a world network of performances of service of audit ( To that the ), tax ( Tax ) and of council ( Advisory ) dedicated to the companies of the whole world. It is the fourth world network in term of CA after respectively PwC, Deloitte and EY. In 2006, KPMG employs nearly 113.000 people in 145 countries and generates 19,8 billion dollars of incomes. KPMG is n°1 on the French market and Japanese and n°2 on the Chinese market. It occupies a position of leader on the market of the audit of the finance companies. It counts for example Citigroup, HSBC, Deutsche Bank like customers.

Four letters for a name

K is the initial one of Klynveld . The cabinet of expertise-accountant Klynveld Kraayenhof & Co. by Piet Klynveld with Amsterdam in 1917.
P was founded is the initial one of Peat , of the name of the cabinet of expertise-accountant William Barclay Peat & Co., rested by William Barclay Peat with London in 1870.
M is the initial one of Marwick : James Marwick joined Roger Mitchell to create with New York the cabinet of expertise-accountant Marwick, Mitchell & Co. in 1897.
G is the initial one of Goerdeler . Dr. Reinhard Goerdeler will be a long time with the head of Deutsche Treuhand-Gesellschaft (DTG) then of KPMG.

History

KPMG was born from fusion in 1987 of the groups Peat Marwick International (SME) and Klynveld Main Goerdeler (KMG). American Peat had created his company in 1870.

The French entity of KPMG in France, KPMG S.A., takes its origin in the Fiduciaire public limit company of France, created in Grenoble in 1922. In 1947, the cabinet divides between Fiduciaire France for accountancy and the Audit Office, and Fidal for the legal and tax council, even if Fidal becomes an independent entity only in 2002. Fiduciary of France east founding member of European network KMG in 1972.

In 1998, the division of council in information systems and integration of KPMG in France, Peat Marwick is sold with American Computer Sciences Corporation (CSC) and becomes CSC Peat Marwick, famous CSC in 2005.

In 2002, division the Council of KPMG in the United States, KCI (KPMG Consulting Inc.) repurchases Business Consulting France, old Conseil division of Andersen in France and re-elects BearingPoint.

In 2002 always, the French group Atos repurchases divisions council of KPMG in the United Kingdom and the Netherlands, it forms Atos KPMG, famous since Atos Consulting.

In parallel, KPMG Consulting, division council in France and independent of the activity to that the east sold in Syntegra, connects council of BT (British Telecom).

In January 2002, the American branch of certification ISO 9001 is sold with BSI Group; this one also buys the branch Dutchwoman, KPMG Certification B.V., in 2004.

on March 23rd, 2005, the group Salustro Reydel, 6th cabinet of French audit, joined the French branch of KPMG.

In 2006, KPMG the U.K. and KPMG Germany amalgamate to give rise to KPMG Europe LP: the largest cabinet of European audit . In the long term, the entities of the various European countries should join this structure.

In 2007, KPMG Suisse joined the furure entity KPMG Europe LP (entity of English right whose seat will be in Frankfurt). The largest cabinet of audit would weigh 3,2 billion dollars of incomes.

Organization

International KPMG is a Swiss co-operative of right. KPMG S.A. (in France) is a cabinet independent member of international network KPMG, while being an independent legal entity, held with 97% by a holding, of which 80% of the actions are held by the associates, and 20% by the descendants of the founders families.

In France, the organisational structure of KPMG includes/understands KPMG S.A. and KPMG Corporate Finance (Fusions and acquisitions)

KPMG SA includes/understands three large divide:

KPMG To that the .

The customers of KPMG To that are large groups with dimensions or subsidiary companies of foreign companies established in France.

Within KPMG To that, one distinguishes:

*La connects To that the which breaks up into Units Business (BU) or sectoral category:

* CM: To consume Markets;

* ECP: Energy, Chemicals & Pharmaceuticals;

* ICE: Information, Communications & Entertainment;

* AIP: Automotive & Industrial Products;

* IGH: Infrastructure, Government & Health;

* FS: Financial services.

The latter DRUNK is subdivided in three departments: Banking, Insurance, Asset Management and more recently Treasury & Capital Markets - TCM.

*La connects Advisory Services which includes/understands two departments:

CLOSE-CROPPED

*: Risk Advisory Services

* FAS: Financial Advisory Services.

KPMG Undertaken : KPMG Entreprises has rather regional customers (TPE, SME). This branch gathers the services of accountancy and Audit Office for SME and the noncommercial sector, as well as a Conseil branch in Strategy and Information systems.

KPMG Public service : 80 consultants help the local government agencies to conclude their project.

Direction in France

The directory of KPMG S.A. is composed of:

Jean-Luc DECORNOY, President
Jay NIRSIMLOO, Managing director responsible for KPMG To that the
Jacky LINTIGNAT, Managing director responsible for KPMG Undertaken

The board of trustees is chaired by Rene AMIRKHANIAN.

Facts and figures

In the world in 2007 :

145 countries
123.400 collaborators
CA: 19,8 billion $

In France in 2006 :

14 offices for KPMG To that, approximately 180 for KPMG Entreprises.
6700 collaborators including 2000 at KPMG To that and 5000 at KPMG Undertaken
CA: 717 million €

In Switzerland :

1.470 collaborators
CA: 367 million CHF in 2005

Activities

Studies in various sectors:

Chemistry (European commission)
Linguistic (European commission)
Audio-visual (European commission)
Responsibility sociétale (French government)

See too

External bonds

official Internet site of KPMG FRANCE
official Internet site of INTERNATIONAL KPMG
official Internet site of KPMG CORPORATE FINANCES FRANCE
official Internet site of Bearing Point (ex-KPMG Consulting)

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