KPMG

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[?].