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KPMG
KPMG (Klynveld Peat Marwick Goerdeler) is a Big 4 accountancy firm. It was formed with the 1987 merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG).
In 1997, KPMG and Ernst & Young announced that they were to merge, in a manoeuvre largely seen as a spoiling tactic over the merger of Price Waterhouse[?] and Coopers & Lybrand[?]. However that merger, to form PricewaterhouseCoopers, was granted regulatory approval and the KPMG/Ernst & Young tie-up was later abandoned.
In 2001, KPMG divested its US consulting firm through an IPO of KPMG Consulting Inc[?], which is now called BearingPoint, Inc..
Some of KPMG's major audit clients include HSBC[?], Diageo[?], and AstraZeneca[?].
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