KPMG LLP (Consulting Practice)

KPMG LLP (Consulting Practice) Company Profile

THE SCOOP 

Network Kings

Professional services giant KPMG International operates as an international network of independent member firms, which includes KPMG LLP, the U.S. member firm of the Swiss cooperative. While the member firms that make up KPMG International might be independent of one another, their businesses are similarly organized around three service lines: audit, tax and advisory. And, within those service lines, the offerings from country to country are likely to be pretty consistent, too. 

Indeed, KPMG advisory services are organized into three groups that address distinct client issues: management consulting-including performance and technology- transactions and restructuring, and risk and compliance.

 

Alphabet soup

KPMG's roots date back to 1870, when accountant William Barclay Peat hung out his shingle in London. In 1911, his firm merged with New York-based Marwick Mitchell & Co., forming a business that later became known as Peat Marwick. Meanwhile, over in Scotland, Glasgow accountancy Thomson McLintock partnered with Dutch and German accounting firms to create Klynveld Main Goerdeler (KMG), an alliance of independent practices operating throughout Europe. 

The 1987 tie-up between KMG Main Hurdman and Peat Marwick Mitchell & Co. was considered the first megamerger of modern accounting, and the resulting entity, eventually named KPMG, organized its consulting activities into a separate business unit in 1997. Three years later, KPMG spun off KPMG Consulting with an initial public offering. The now-separate consulting business took over KPMG's consulting work for several companies, eventually changing its name to BearingPoint in October 2002. The bulk of BearingPoint's assets are now owned by Deloitte, which purchased them after the company filed for bankruptcy protection early in 2009. 

As part of the spin-off that created BearingPoint, KPMG signed a non-compete agreement with its former consulting arm, which limited KPMG's ability to provide certain types of services. Following the spin-off, KPMG continued to provide advisory services, but any limitations on its ability to provide a full range of services ended when the non-compete agreement expired in 2006. Today, KPMG's advisory practice generates around one-quarter of the company's overall revenue.

 

Service matters

Within its suite of management consulting services, the firm currently has fourteen service lines for clients-some of which have been recently added to reflect changing business priorities in the digital age: analytics; business integration; business intelligence; business process management; change management; growth enablement; integrated business planning; organizational design; outsourcing; shared services; strategy and operations; talent management; technology enablement; and transformation. 

On the risk management side, meanwhile, the firm's service lines are: financial risk management; forensic; internal audit; risk and compliance services; and IT advisory.

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KPMG LLP (Consulting Practice)


345 Park Avenue
New York, NY 10154
Phone: 212-758-9700
Fax: 212-758-9819
www.kpmg.com

STATS


  • Employer Type: Private
  • Chairman & CEO, KPMG LLP (U.S.): John Veihmeyer
  • Chairman, KPMG International: John Veihmeyer
  • 2014 Employees: 24,000

  • Employment Contact

    Visit KPMG's careers page


  • Major Departments & Practices

    Advisory

     

    Management Consulting

    • Performance
    • Technology

    Risk Consulting

    • Financial Risk Management
    • Forensic
    • Internal Audit, Risk & Compliance

    IT Advisory

    Transactions & Restructuring

    • Corporate Finance & Restructuring
    • Transactions Services

    Audit

    Tax

    • Economic and Valuation Services
    • Federal Tax
    • International Tax
    • International Executive Services
    • Mergers and Acquisitions Tax
    • State and Local Tax

Major Office Locations

  • New York, NY (US HQ)
    90 offices throughout the United States
    700+ offices throughout the World

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