Heard of the Big Four before? If yes, do you know that KPMG is part of the firm? KPMG actually the last one of the Big Four accounting firms in the world. The firm includes a wide range of accounting firms in a complex worldwide network delivering audit, tax, advisory, also specific services.
KPMG has received great recognition multiple times for being one of the best places to work or start a career. The firm is providing employees with a culturally diverse work environment and also great opportunities that are not offered in most professional services. To learn more about the KPMG firm, read on.
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KPMG International Cooperative or simply KPMG as it is popularly known is a multinational professional service network. And as I mentioned above is one of the Big Four accounting/ auditing firms in the world.
Seated or headquartered in Amstelveen, the Netherlands, it is a network of firms in 147 countries, has over 219, 000 employees, and has three lines of services. The three-line of services includes financial audit, advisory. KPMG tax and advisory services are further divided into various service groups.
I know you must be wondering what KPMG stands for, wonder no more. KPMG stands for “Klynveld Peat Marwick Goerderler”.It was just KMG until the merging with Peat Marwick in 1987. You can see more by visiting the website Here.
Recent History of KPMG
In 2001, KPMG spun off its United States consulting firm through an initial public offering of KPMG consulting. It was rebranded to BearingPoint. BearingPoint filed for Chapter 11 bankruptcy protection in 2009. KPMG divested itself of its legal arm, Klegal in the year 2003 and it sold its Dispute Advisory Services to FTI Consulting.
KPMG member firms in the United Kingdom, Germany, also Liechtensteinmered to form KPMG Europe LLP in 2007. These firms were then followed by Spain, Belgium, The Netherlands, Luxembourg, Russia, Turkey, Saudi, also Norway. And at that time joint Chairmen were appointed, GriffithJones and Ralf Nonnenmacher.
KPMG Global Structure
According to my research and findings in Wikipedia, one of the biggest online encyclopedias; “Each national KPMG firm is an independent legal entity and is also a member of the KPMG International Cooperative”. KPMG International Cooperative changed its legal structure from a Swiss Verein to a co-operative under Swiss law in 2003.
This structure is a cooperative one that provides member firms with support services. They provide services to clients and it is for the purpose of limiting the liability of each of the independent members.
One of the biggest professional services firms in the world, KPMG provides excellent services to its clients. Services offered are categorized or organized into the following;
- Audit and Assurance: KPMG offers or provides clients with independent, quality financial statement audits.
- Tax: Attitudes to tax are changing and KPMG is offering clients the best and awesome services in Tax, you’re looking for.
- Advisory: Advisory works with the world’s leading organizations to create and protect the sustainable value of their businesses or organizations. KPMG offers great advisory services to clients.
The above are the three lines of services that are offered to clients in KPMG.
KPMG was ranked No.4 on the list of “50 Best Places to Launch a Career” in 2009 according to Bloomberg Businessweek. This piece of information was gotten from Wikipedia. KPMG is among the Big Four accounting/ auditing firms in the world account of CollegeGrad.com. A portal for graduates who are searching for jobs.
As stated above according to Bloomberg Businessweek in the 50 best places to launch a career. Also, it has been constantly being voted by Diversitylnc Magazine as one of the best places to work and it holds s23 spot on the list. The firm hosts a culturally diverse wor environment and KPMG also works with companies that are not highly or yet successful.
The line of services that are offered by the firm is organized into three-line; audits, advisory, also tax. However, they can be broken down into other sub-services which helps to make the company a full-service firm.
Graduate Trainees On KPMG
Are you willing to gain an invaluable business perspective that opens up countless opportunities for personal and professional growth? Can you offer great and productive ideas about how businesses could improve their operations and cope with the ever-evolving business landscape? KPMG offers graduate training programs to those who are wishing to start a career with them. Candidates that are interested must;
- Show adaptability, willingness to learn new, commitment to exceptional delivery.
- Possess exceptional oral and written communication skills.
- Be innovative and creative.
- Be below 26 years old.
- Have a minimum of 5 O’Level credits including English and Mathematics in one sitting.
- Candidates must have graduated from the university with a minimum of Second Class (Upper Division).
- Not have written the KPMG graduate test before.
There are some other things that are required by candidates and you can learn by visiting the site here.
What does the KPMG do?
Many of the world’s leading organizations rely on KPMG for audit, tax, and advisory services. KPMG is a leading professional services firm in the world.
What is the full meaning of KPMG?
Tax and advisory services are further subdivided into service categories. Various parts of the firm’s global network of affiliates have been involved in regulatory actions as well as lawsuits over the last decade. KPMG is an abbreviation for Klynveld Peat Marwick Goerdeler.