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K stands for Klynveld. Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co. in Amsterdam in 1917.
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P is for Peat. William Barclay Peat founded the accounting firm William Barclay Peat & Co. in London in 1870. |
M stands for Marwick. James Marwick founded the accounting firm Marwick, Mitchell & Co. with Roger Mitchell in New York City in 1897.
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G is for Goerdeler. Dr. Reinhard Goerdeler was for many years chairman of Deutsche Treuhand-Gesellschaft and later chairman of KPMG. He is credited with laying much of the groundwork for the KMG merger.
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In 1925, William Barclay Peat & Co. and Marwick Mitchell & Co. joined forces to form what would later be known as Peat Marwick International (PMI), a worldwide network of accounting and consulting firms.
In 1979, Klynveld joined forces with Deutsche Treuhand-Gesellschaft and the international professional services firm McLintock Main Lafrentz to form Klynveld Main Goerdeler (KMG).
In 1987, PMI and KMG and their member firms joined forces. Today, all member firms throughout the world carry the KPMG name exclusively or include it in their national firm names.
After completing what is widely regarded as the accounting profession's first mega-merger, KPMG has taken a number of steps to transform the professional services industry.
KPMG was one of the first multidisciplinary organisations to establish itself along industry-specific lines of business. This enabled KPMG member firms to tailor services and strategies to the individual needs of clients across a range of global industry markets.
In 1999, KPMG strengthened its organisation by creating three operating regions — the Americas, Europe/Middle East/Africa and Asia Pacific with the aim of uniting national and local resources — people, ideas, products, technologies and knowledge.
On 1 October, 2007, KPMG Europe LLP was launched. The creation of KPMG Europe LLP was a first step towards a pan-European KPMG firm.
The Guernsey firm is the oldest firm in the Island and originates back to the 1890s. Black, Geoghegan & Till’s presence in Guernsey dates back to the 19th Century; however, it was not until the mid-1920’s that the late Harry Broughton was appointed as the first permanent, resident, local representative. Harry Broughton was the only practising accountant in the Island during Guernsey’s occupation by the German forces in the Second World War.
Following the Liberation of Guernsey in 1945, the firm was in a prime position and still continues to be so, by being amongst the leading firms in the Island.
In 1972, Peat Marwick Mitchell & Co. became associated with Black, Geoghegan & Till. The Jersey office was opened in 1973 and, in 1981, the Channel Islands firm became a full member of Peat Marwick International. In 1987, following the international merger of KPMG, the firm continued as KPMG, the Channel Islands member firm.