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KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a network of firms in 145 countries, with over 265,000 employees and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. Over the past decade various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. History Early years and mergers In 1818, John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moxham & Co. and renamed it James Grace & Son in 1857. In 1861, Henry Grace joined James Jr. and t ...
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KPMG HQ Amstelveen Netherlands
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations. Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a network of firms in 145 countries, with over 265,000 employees and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups. Over the past decade various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987. History Early years and mergers In 1818, John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moxham & Co. and renamed it James Grace & Son in 1857. In 1861, Henry Grace joined James Jr. and the ...
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Big Four Accounting Firms
The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in size relative to the rest of the market, both in terms of revenue and workforce; they are considered equal in their ability to provide a wide scope of professional services to their clients; and, among those looking to start a career in professional services, particularly accounting, they are considered equally attractive networks to work in, because of the frequency with which these firms engage with ''Fortune'' 500 companies. The Big Four each offer audit, assurance, taxation, management consulting, actuarial, corporate finance, and legal services to their clients. A significant majority of the audits of public companies, as well as many audits of private companies, are conducted by these four networks. Until the late 20th century, the mark ...
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KPMG Tower
The KPMG Tower, formerly ''Maison des Coopérants'' or ''Place de la Cathédrale'', is a 34-storey skyscraper in downtown Montreal, Canada, that was completed in 1987. It is at 600 de Maisonneuve Ouest and has an official height of . The building is owned and operated by BentallGreenOak. The KPMG Tower was built on a plot of land owned by the Christ Church Cathedral, which lies directly in front of the building when viewed from Saint Catherine Street. It was designed by WZMH Architects and was styled to relate to the cathedral. The tower incorporates an underground shopping centre, ''Promenades Cathédrale'', as part of the underground city that is connected to the Metro. Overview The building was originally called ''Maison des Coopérants'' for the then-anchor tenant, as can be seen on the inscription in the lobby; however, it was later named ''Place de la Cathédrale''. At the end of 2005 the tower was renamed to its current name for KPMG, the new anchor tenant that occupi ...
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Professional Services Network
Professional services networks are business networks of independent firms who come together to cost-effectively provide professional services to clients through an organized framework. They are principally found in law and accounting. They may also be found in investment banking, insurance, real estate and architectural services. Any profession that operates locally, but has clients in multiple locations, are potential members of a network. This entry focuses on accounting, legal, multidisciplinary and specialty practice networks. Today members of these networks employ more than one million professionals and staff and have cumulative annual revenues that exceed $200 billion. The accounting networks and associations developed first to meet the US Securities and Exchange Commission's requirement for public company audits. They include the well-known accounting networks like PwC, Deloitte, Ernst & Young and KPMG (also known as the Big 4 Audit Firms) as well as more than 30 other ac ...
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James Marwick
James Marwick (born 1862 in Edinburgh, Scotland) was a Scottish American and an original founder of an accounting office that became one of the Big Four accounting firms, KPMG. Career Marwick's father was Sir James David Marwick, an Orcadian who was Town Clerk of Glasgow from 1873 to 1904. The young Marwick qualified as a chartered accountant, and began his accounting practice in Glasgow, and travelled to Australia to conduct a bank examination for a group of Scottish investors during the Australian banking crisis in the 1890s. Marwick later travelled from Australia to Canada and, impressed with business opportunities in North America and cultivating banking clients, he went to the United States in 1894 and began looking for a partner. Marwick and Roger Mitchell, schoolmates from the University of Glasgow, literally ran into each other on a New York City street in 1897. Mitchell had been sent to the United States to run the family textile business. The two set up a practi ...
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Amstelveen
Amstelveen () is a municipality in the province of North Holland, Netherlands with a population of 92.353 as of 2022. It is a suburban part of the Amsterdam metropolitan area. The municipality of Amstelveen consists of the historical villages of Bovenkerk and Nes aan de Amstel. In addition, as well as Downtown Amstelveen (Dutch: ''Amstelveen stadshart''), the following neighbourhoods have been recently built: Westwijk, Bankras-Kostverloren, Groenelaan, Waardhuizen, Middenhoven, Randwijk, Elsrijk and Keizer Karelpark. The name comes from the Amstel, a local river (as does the name Amsterdam) and , meaning fen, peat, or moor. Amstelveen houses the international headquarters of Dutch national airline KLM (although it is slated to leave for Schiphol in 2024) and KPMG, one of the Big Four accounting firms. The Cobra Museum is also located in Amstelveen. History During the French occupation between 1810 and 1814, Amstelveen was the capital of a canton in the French department Zuy ...
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William Barclay Peat
Sir William Barclay Peat (15 February 1852 – 24 January 1936) was an accountant and one of the founders of KPMG. Career Peat born in Forebank, St Cyrus, Kincardine, Scotland. He was the second son of James Peat and Margaret Barclay (of the banking family that built Barclays, one of England's largest banks). Peat studied at Montrose Academy in Scotland, and was then apprenticed to a local solicitor but he did not enter the legal profession. Instead, he moved to London in 1870 and was hired as a junior accounting clerk Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. ... for a London firm, becoming a partner in 1876. Peat became senior partner of the firm, which was renamed William Barclay Peat & Company, in 1891. He was knighted in 1912. The senior partner of the firm was se ...
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Management Consulting
Management consulting is the practice of providing consulting services to organizations to improve their performance or in any way to assist in achieving organizational objectives. Organizations may draw upon the services of management consultants for a number of reasons, including gaining external (and presumably objective) advice and accessing consultants' specialized expertise regarding concerns that call for additional oversight. As a result of their exposure to and relationships with numerous organizations, consulting firms are typically aware of industry "best practices". However, the specific nature of situations under consideration may limit the ability or appropriateness of transferring such practices from one organization to another. Management consulting is an additional service to internal management functions and, for various legal and practical reasons, may not be seen as a replacement for internal management. Unlike interim management, management consultants do not ...
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Piet Klijnveld
Pieter 'Piet' Klijnveld (16 August 1874 – 9 February 1945) was a Dutch accountant who started a practice that, after several mergers, would grow into the international accounting firm KPMG. Life and career Pieter Klijnveld was born on 16 August 1874 in Amsterdam in the Netherlands. After working at the Amsterdam office of the Twentsche Bank (a precursor of ABN AMRO), he opened a small accountancy practice in 1917 in his home on the Viottastraat in Amsterdam. Amsterdam was a bustling trade and investment hub for European and Asian industrialists. Many foreign enterprises, including royalty, governments, and even the Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ..., traded extensively in the Netherlands at the time, making it an active market for financiers as ...
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Financial Audit
A financial audit is conducted to provide an opinion whether "financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organization. In providing an opinion whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain material errors or other misstatements.Arens, Elder, Beasley; Auditing and Assurance Services; 14th Edition; Prentice Hall; 2012 Overview The audit opinion is intended to provide reasonable assurance, but not absolute assurance, that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial re ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Montreal KPMG Tower
Montreal ( ; officially Montréal, ) is the second-most populous city in Canada and most populous city in the Canadian province of Quebec. Founded in 1642 as '' Ville-Marie'', or "City of Mary", it is named after Mount Royal, the triple-peaked hill around which the early city of Ville-Marie is built. The city is centred on the Island of Montreal, which obtained its name from the same origin as the city, and a few much smaller peripheral islands, the largest of which is Île Bizard. The city is east of the national capital Ottawa, and southwest of the provincial capital, Quebec City. As of 2021, the city had a population of 1,762,949, and a metropolitan population of 4,291,732, making it the second-largest city, and second-largest metropolitan area in Canada. French is the city's official language. In 2021, it was spoken at home by 59.1% of the population and 69.2% in the Montreal Census Metropolitan Area. Overall, 85.7% of the population of the city of Montreal consid ...
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