KPMG

KPMG (Klynveld Peat Marwick Goerdeler) isBig 4 accountancy firm. It was formed with1987 mergerPeat Marwick International (PMI)Klynveld Main Goerdeler (KMG).

In 1997, KPMGErnst & Young announced thatweremerge, inmanoeuvre largely seen asspoiling tactic overmergerPrice WaterhouseCoopers & Lybrand. However that merger,form PricewaterhouseCoopers, was granted regulatory approval andKPMG/Ernst & Young tie-up was later abandoned.

In 2001, KPMG divested its US consulting firm through an IPOKPMG Consulting Inc, whichnow called BearingPoint, Inc.

In 2003, KPMG divested itselfits legal arm, Klegal.

SomeKPMG's major audit clients include HSBC, Diageo,AstraZenecaHalifax BankScotland.