KPMG in its present form came into being in 1987 when Peat Marwick International and Klynveld Main Goerdeler and their respective member firms merged.

Four figures loom large in the history of KPMG.



Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co in Amsterdam in 1917.


William Barclay Peat took charge of an accounting firm in London in 1891 and renamed it W.B. Peat & Co.


James Marwick established the accounting firm Marwick Mitchell & Co in New York City in 1897.


Dr Reinhard Goerdeler was the first president of the International Federation of Accountants and a chairman of KPMG. He was instrumental in the formation of Klynveld Main Goerdeler, a key precursor of today’s KPMG.


In Australia, our firm traces its origins to 1885 when Frederick J. Smith opened an accounting practice in two rooms in Sydney. F.J. Smith, with his reputation for unwaveringly high ethical standards, quickly attracted clients and staff. His firm became part of Peat, Marwick, Mitchell & Co in 1949, which in turn became KPMG Peat Marwick in 1990.


In 1998 KPMG in Australia united its various state and regional affiliates to form a national practice. Today KPMG in Australia consists of around 5,200 people working out of 13 offices around the country.