What do the KPMG stand for?
• In case you are wondering, the “K” stands for “Klynveld”. In 1917, Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co. in Amsterdam. • The “P” stands for “Peat” after William Barclay Peat who founded the accounting firm William Barclay Peat & Co. in London in 1870. • The “M” stands for “Marwick”. With Roger Mitchell, in 1897 James Marwick founded the accounting firm Marwick, Mitchell & Co. in New York City. • Lastly but not least, the “G” is for “Goerdeler”. For many years Dr Reinhard Goerdeler was the chairman of Deutsche Treuhand-Gesellschaft and later became the chairman of KPMG. He is given credit for doing the groundwork for the KMG merger.
