KPMG
Encyclopedia
KPMG is one of the largest professional services networks
in the world and one of the Big Four auditors
, along with Deloitte, Ernst & Young
(EY) and PwC
. Its global headquarters is located in Amstelveen
, Netherlands
.
KPMG employs 138,000 people and has three lines of services: audit
, tax
, and advisory
. Its advisory services are further divided into three service groups - Management Consulting, Risk Consulting, and Transaction & Restructuring.
The firm was established in 1870 when William Barclay Peat
formed an accounting
firm in London
. In 1877 accountancy firm Thomson McLintock opened an office in Glasgow
and in 1911 William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form Peat Marwick Mitchell & Co, later known as Peat Marwick.
Meanwhile in 1917 Piet Klijnveld opened his accounting-firm in Amsterdam. Later he merged with Kraayenhof to form Klynveld Kraayenhof & Co.
In 1979 Klynveld Kraayenhof & Co. (Netherlands
), Thomson McLintock (United States
) and Deutsche Treuhandgesellschaft (Germany
) formed KMG (Klynveld Main Goerdeler) as a grouping of independent national practices to create a strong European-based international firm. Then in 1987 KMG and Peat Marwick joined forces in the first mega-merger of large accounting firms and formed a firm called KPMG in the US, and most of the rest of the world, and Peat Marwick McLintock in the UK.
In 1990 the two firms settled on the common name of KPMG Peat Marwick McLintock but in 1991 the firm was renamed KPMG Peat Marwick and in 1999 the name was reduced again to KPMG.
In 1997 KPMG and Ernst & Young announced that they were to merge, in a manoeuvre largely seen as a spoiling tactic over the merger of Price Waterhouse and Coopers & Lybrand. However that merger, to form PricewaterhouseCoopers, was granted regulatory approval while the KPMG/Ernst & Young tie-up was later abandoned.
of KPMG Consulting Inc, which is now called BearingPoint, Inc.
In early 2009, BearingPoint filed for Chapter 11 bankruptcy protection and proceeded to sell portions of the firm to Deloitte, PricewaterhouseCoopers, and other parties.
The UK and Dutch consulting arms were sold to Atos Origin
in 2002.
In 2003 KPMG divested itself of its legal arm, Klegal and KPMG LLP sold its Dispute Advisory Services to FTI Consulting
.
KPMG's member firms in the United Kingdom
, Germany
, Switzerland
and Liechtenstein
merged to form KPMG Europe LLP in October 2007. These member firms were followed by Spain
, Belgium
, the Netherlands
, Luxembourg
, CIS
(Russia
, Ukraine
, Belarus
, Kyrgyzstan
, Kazakhstan
, Armenia
and Georgia
), Turkey
, Norway
, and Saudi Arabia
. They appointed joint Chairmen, John Griffith-Jones and Ralf Nonnenmacher. The new headquarters were located in Frankfurt
, Germany.
It was announced in December 2008 that two of Tremont Group’s Rye Select funds, audited by KPMG, had $2.37 billion invested with the Madoff "Ponzi scheme." Class action suits were filed.
. KPMG International changed its legal structure from a Swiss Verein
to a co-operative under Swiss law in 2003.
This structure in which the Cooperative provides support services only to the member firms is similar to other professional services networks
. The member firms provide the services to client. The purpose is to limit the liablity of each independent member.
KPMG International is led by:
Michael Andrew, previously Chairman of KPMG in Australia, assumed the Global Chairmanship in September 2011 and isl be based in Hong Kong. This is the first time a Big Four accounting organisation has had its global leader based in Asia Pacific.
, Shanghai
, Shenyang
, Nanjing
, Hangzhou
, Fuzhou
, Xiamen
, Qingdao
, Guangzhou
, Shenzhen
, Chengdu
, Hong Kong SAR and Macau SAR, with around 9,000 professionals. Stephen Yiu is now the Chairman of KPMG China.
Roots for the name KPMG stem from the names of four partners who merged their own independent accounting firms:
is primarily focused on analyzing international business costs and acts as a guide to comparing international business site locations in North America, Europe, and Asia Pacific. Exploring Global Frontiers - The New Emerging Destinations is a report focused on analyzing international locations for IT outsourcing.
KPMG in China produces many publications on industry trends in both English and Chinese and these can be found on the China firm website.
KPMG ranks No. 5 out of 125 among companies with the best training programmes according to "Training Magazine".
KPMG was the preferred employer among the Big Four accounting firms according to College Grad.com. It was also ranked No.4 on the list of "50 Best Places to Launch a Career" in 2009 according to BusinessWeek.
In 2008 KPMG in the UK was named the best big company to work for by The Times. This was the fourth consecutive year that KPMG has made the top three. If a good position is obtained in the survey, staff receive an extra day's holiday, some have suggested that this could influence how staff fill in the survey thus putting the validity of the award in doubt.
In 2009 in the UK, KPMG introduced a programme known as 'Flexible Futures'. This allowed staff to volunteer to give the firm the option to either send them on a sabbatical at 30% pay for up to 12 weeks, or to reduce their working hours to 4 days a week. The option remains open to the firm until October 2010. This facility has been invoked by the firm in some departments. KPMG publicised this as innovative and an alternative approach to redundancies. Reaction within the firm was generally positive, with over 75% of staff volunteering. However over 100 staff had been made redundant prior to this announcement, leading some to accuse KPMG of being hypocritical in the message that they were given.
In October 2010, for the 8th year in a row, KPMG was named one of "Canada's Top 100 Employers
" by Mediacorp Canada Inc., and was featured in Maclean's
newsmagazine. In November 2010 KPMG was also named one of Greater Toronto's Top Employers
, which was announced by the Toronto Star
newspaper.
.
Speech Products NV.
of fraud in marketing abusive tax shelters
. KPMG LLP admitted criminal wrongdoing in creating fraudulent tax shelters to help wealthy clients avoid $2.5 billion in taxes and agreed to pay $456 million in penalties in exchange for a deferred prosecution agreement
. KPMG LLP would not face criminal prosecution if it complied with the terms of its agreement with the government. On January 3, 2007, the criminal conspiracy charges against KPMG were dropped.
Before the settlement, the firm, on the advice of its counsel Skadden, Arps, Slate, Meagher & Flom LLP, removed several tax partners and admitted "unlawful conduct" by those partners. The firm agreed to cooperate with the U.S. Department of Justice's investigation and help prosecute former partners who had devised and sold the tax shelters. Additionally, the firm hired former U.S. district judge Sven Erik Holmes
to monitor its legal and regulatory affairs.
bribery case. In November 2008, the Siemens Supervisory Board recommended changing auditors from KPMG to Ernst & Young.
In March 2008 KPMG was accused of enabling “improper and imprudent practices” at New Century Financial, a failed mortgage company and KPMG agreed to pay $80 million to settle suits from Xerox
shareholders over manipulated earnings reports.
In August 2010 it was reported by the Swedish Financial Supervisory Authority to the Swedish accountancy regulator after HQ Bank was forced into involuntary liquidation after the Financial Supervisory Authority revoked all its licences for breach of banking regulations.
Magdalena Forsberg
, six times world champion and twice olympic medalist. Forsberg was working as a tax consultant at the KPMG Sundsvall
office parallel with her athletic career.
In February 2008, Phil Mickelson
, ranked one of the best golfers in the world, signed a three-year global sponsorship deal with KPMG. As part of the agreement, Mickelson will wear the KPMG logo on his headwear during all golf related appearances.
The Canadian member firm sponsored Alexandre Bilodeau
, who won the first gold medal for Canada on home-soil in the 2010 Vancouver Olympics. Alexandre's father is a tax partner in the Montreal office.
Professional services networks
Professional services networks are networks of independent firms who come together to cost-effectively provide 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...
in the world and one of the Big Four auditors
Big Four auditors
The Big Four are the four largest international professional services networks in accountancy and professional services, which handle the vast majority of audits for publicly traded companies as well as many private companies, creating an oligopoly in auditing large companies...
, along with Deloitte, Ernst & Young
Ernst & Young
Ernst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
(EY) and PwC
PwC
PricewaterhouseCoopers is a global professional services firm headquartered in London, United Kingdom. It is the world's largest professional services firm measured by revenues and one of the "Big Four" accountancy firms....
. Its global headquarters is located in Amstelveen
Amstelveen
' is a suburban municipality in the Netherlands, in the province of North Holland. It is part of the metropolitan area of Amsterdam. The municipality of Amstelveen consists of the following villages and/or districts: Amstelveen, Bovenkerk, Westwijk, Bankras-Kostverloren, Groenelaan, Waardhuizen,...
, Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
.
KPMG employs 138,000 people and has three lines of services: audit
Financial audit
A financial audit, or more accurately, an audit of financial statements, is the verification of the financial statements of a legal entity, with a view to express an audit opinion...
, tax
Tax
To tax is to impose a financial charge or other levy upon a taxpayer by a state or the functional equivalent of a state such that failure to pay is punishable by law. Taxes are also imposed by many subnational entities...
, and advisory
Management consulting
Management consulting indicates both the industry and practice of helping organizations improve their performance primarily through the analysis of existing organizational problems and development of plans for improvement....
. Its advisory services are further divided into three service groups - Management Consulting, Risk Consulting, and Transaction & Restructuring.
Early years and mergers
William Barclay Peat
Sir William Barclay Peat was born on the 15th February 1852 in Forebank St Cyrus, Kincardine, Scotland. He was the second son of James Peat and Margaret Barclay...
formed an accounting
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
firm in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. In 1877 accountancy firm Thomson McLintock opened an office in Glasgow
Glasgow
Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands...
and in 1911 William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form Peat Marwick Mitchell & Co, later known as Peat Marwick.
Meanwhile in 1917 Piet Klijnveld opened his accounting-firm in Amsterdam. Later he merged with Kraayenhof to form Klynveld Kraayenhof & Co.
Klynveld Kraayenhof & Co.
Klynveld Kraayenhof & Co. was a Dutch accountancy firm founded in 1917 by Piet Klynveld and Jaap Kraayenhof, who was one of Klynveld's former employees at another firm. The firm specialized in banking and exporting and kept its independence by serving Dutch clients who were expanding throughout...
In 1979 Klynveld Kraayenhof & Co. (Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
), Thomson McLintock (United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
) and Deutsche Treuhandgesellschaft (Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
) formed KMG (Klynveld Main Goerdeler) as a grouping of independent national practices to create a strong European-based international firm. Then in 1987 KMG and Peat Marwick joined forces in the first mega-merger of large accounting firms and formed a firm called KPMG in the US, and most of the rest of the world, and Peat Marwick McLintock in the UK.
In 1990 the two firms settled on the common name of KPMG Peat Marwick McLintock but in 1991 the firm was renamed KPMG Peat Marwick and in 1999 the name was reduced again to KPMG.
In 1997 KPMG and Ernst & Young announced that they were to merge, in a manoeuvre largely seen as a spoiling tactic over the merger of Price Waterhouse and Coopers & Lybrand. However that merger, to form PricewaterhouseCoopers, was granted regulatory approval while the KPMG/Ernst & Young tie-up was later abandoned.
Recent history
In 2001 KPMG divested its U.S. consulting firm through an initial public offeringInitial public offering
An initial public offering or stock market launch, is the first sale of stock by a private company to the public. It can be used by either small or large companies to raise expansion capital and become publicly traded enterprises...
of KPMG Consulting Inc, which is now called BearingPoint, Inc.
BearingPoint
BearingPoint is an independent management and technology consulting firm. Following a post-bankruptcy management buyout in August 2009, BearingPoint has been operated by its European management team and is organized as a partnership...
In early 2009, BearingPoint filed for Chapter 11 bankruptcy protection and proceeded to sell portions of the firm to Deloitte, PricewaterhouseCoopers, and other parties.
The UK and Dutch consulting arms were sold to Atos Origin
Atos Origin
Atos S.A. is an international information technology corporation which operates in 42 countries worldwide, with over 78,500 employees...
in 2002.
In 2003 KPMG divested itself of its legal arm, Klegal and KPMG LLP sold its Dispute Advisory Services to FTI Consulting
FTI Consulting
FTI Consulting is a global business advisory firm specializing in restructuring and forensic accounting. Its advisory services are divided into five main practice areas - Corporate Finance, Economic Consulting, Forensic and Litigation Consulting, Technology and Strategic Communications....
.
KPMG's member firms in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
and Liechtenstein
Liechtenstein
The Principality of Liechtenstein is a doubly landlocked alpine country in Central Europe, bordered by Switzerland to the west and south and by Austria to the east. Its area is just over , and it has an estimated population of 35,000. Its capital is Vaduz. The biggest town is Schaan...
merged to form KPMG Europe LLP in October 2007. These member firms were followed by Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
, Belgium
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
, the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
, Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, CIS
CIS
CIS usually refers to the Commonwealth of Independent States, a modern political entity consisting of eleven former Soviet Union republics.The acronym CIS may also refer to:-Organizations:...
(Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, Ukraine
Ukraine
Ukraine is a country in Eastern Europe. It has an area of 603,628 km², making it the second largest contiguous country on the European continent, after Russia...
, Belarus
Belarus
Belarus , officially the Republic of Belarus, is a landlocked country in Eastern Europe, bordered clockwise by Russia to the northeast, Ukraine to the south, Poland to the west, and Lithuania and Latvia to the northwest. Its capital is Minsk; other major cities include Brest, Grodno , Gomel ,...
, Kyrgyzstan
Kyrgyzstan
Kyrgyzstan , officially the Kyrgyz Republic is one of the world's six independent Turkic states . Located in Central Asia, landlocked and mountainous, Kyrgyzstan is bordered by Kazakhstan to the north, Uzbekistan to the west, Tajikistan to the southwest and China to the east...
, Kazakhstan
Kazakhstan
Kazakhstan , officially the Republic of Kazakhstan, is a transcontinental country in Central Asia and Eastern Europe. Ranked as the ninth largest country in the world, it is also the world's largest landlocked country; its territory of is greater than Western Europe...
, Armenia
Armenia
Armenia , officially the Republic of Armenia , is a landlocked mountainous country in the Caucasus region of Eurasia...
and Georgia
Georgia (country)
Georgia is a sovereign state in the Caucasus region of Eurasia. Located at the crossroads of Western Asia and Eastern Europe, it is bounded to the west by the Black Sea, to the north by Russia, to the southwest by Turkey, to the south by Armenia, and to the southeast by Azerbaijan. The capital of...
), Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
, Norway
Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...
, and Saudi Arabia
Saudi Arabia
The Kingdom of Saudi Arabia , commonly known in British English as Saudi Arabia and in Arabic as as-Sa‘ūdiyyah , is the largest state in Western Asia by land area, constituting the bulk of the Arabian Peninsula, and the second-largest in the Arab World...
. They appointed joint Chairmen, John Griffith-Jones and Ralf Nonnenmacher. The new headquarters were located in Frankfurt
Frankfurt
Frankfurt am Main , commonly known simply as Frankfurt, is the largest city in the German state of Hesse and the fifth-largest city in Germany, with a 2010 population of 688,249. The urban area had an estimated population of 2,300,000 in 2010...
, Germany.
It was announced in December 2008 that two of Tremont Group’s Rye Select funds, audited by KPMG, had $2.37 billion invested with the Madoff "Ponzi scheme." Class action suits were filed.
Global structure
Each national KPMG firm is an independent legal entity and is a member of KPMG International Cooperative, a Swiss entity registered in the Swiss Canton of ZugCanton of Zug
The Canton of Zug is one of the 26 cantons of Switzerland. It is located in central Switzerland and its capital is Zug. With 239 km² the canton is one of the smallest of the cantons in terms of area. It is not subdivided into districts.- History :The earlier history of the canton is...
. KPMG International changed its legal structure from a Swiss Verein
Swiss Verein
A Swiss Verein is a legal structure in Swiss law. It is similar to the Anglo-American voluntary association. Unlike in Germany, a Swiss Verein does not need to be registered in order to have a separate legal personality...
to a co-operative under Swiss law in 2003.
This structure in which the Cooperative provides support services only to the member firms is similar to other professional services networks
Professional services networks
Professional services networks are networks of independent firms who come together to cost-effectively provide 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...
. The member firms provide the services to client. The purpose is to limit the liablity of each independent member.
KPMG International is led by:
- Michael Andrew, Chairman, KPMG International
- Alan Bucke, Deputy Chairman, KPMG International
- Rolf Nonnenmacher, Chairman Europe, Middle East, Africa and India Region
- John Veihmeyer, Chairman, Americas Region
- Hideyo Uchiyama, Chairman, Asia Pacific Region
Michael Andrew, previously Chairman of KPMG in Australia, assumed the Global Chairmanship in September 2011 and isl be based in Hong Kong. This is the first time a Big Four accounting organisation has had its global leader based in Asia Pacific.
KPMG in China
KPMG in China has 13 offices (including KPMG Advisory (China) Limited) in BeijingBeijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
, Shenyang
Shenyang
Shenyang , or Mukden , is the capital and largest city of Liaoning Province in Northeast China. Currently holding sub-provincial administrative status, the city was once known as Shengjing or Fengtianfu...
, Nanjing
Nanjing
' is the capital of Jiangsu province in China and has a prominent place in Chinese history and culture, having been the capital of China on several occasions...
, Hangzhou
Hangzhou
Hangzhou , formerly transliterated as Hangchow, is the capital and largest city of Zhejiang Province in Eastern China. Governed as a sub-provincial city, and as of 2010, its entire administrative division or prefecture had a registered population of 8.7 million people...
, Fuzhou
Fuzhou
Fuzhou is the capital and one of the largest cities in Fujian Province, People's Republic of China. Along with the many counties of Ningde, those of Fuzhou are considered to constitute the Mindong linguistic and cultural area....
, Xiamen
Xiamen
Xiamen , also known as Amoy , is a major city on the southeast coast of the People's Republic of China. It is administered as a sub-provincial city of Fujian province with an area of and population of 3.53 million...
, Qingdao
Qingdao
' also known in the West by its postal map spelling Tsingtao, is a major city with a population of over 8.715 million in eastern Shandong province, Eastern China. Its built up area, made of 7 urban districts plus Jimo city, is home to about 4,346,000 inhabitants in 2010.It borders Yantai to the...
, Guangzhou
Guangzhou
Guangzhou , known historically as Canton or Kwangchow, is the capital and largest city of the Guangdong province in the People's Republic of China. Located in southern China on the Pearl River, about north-northwest of Hong Kong, Guangzhou is a key national transportation hub and trading port...
, Shenzhen
Shenzhen
Shenzhen is a major city in the south of Southern China's Guangdong Province, situated immediately north of Hong Kong. The area became China's first—and one of the most successful—Special Economic Zones...
, Chengdu
Chengdu
Chengdu , formerly transliterated Chengtu, is the capital of Sichuan province in Southwest China. It holds sub-provincial administrative status...
, Hong Kong SAR and Macau SAR, with around 9,000 professionals. Stephen Yiu is now the Chairman of KPMG China.
Services
KPMG offers the following services:- Audit:
- Financial Statement AuditFinancial auditA financial audit, or more accurately, an audit of financial statements, is the verification of the financial statements of a legal entity, with a view to express an audit opinion...
- Regulatory Audit
- Financial Statement Audit
- Tax: Business and Personal Tax services
- China Tax services
- Asia Pacific Trade and Customs services
- Advisory: KPMG's advisory services are organized into three themes (growth, governance and performance) and nine service lines:
- Accounting Advisory Services
- Business Performance Services
- Corporate FinanceCorporate financeCorporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...
- Financial Risk Management ServicesFinancial risk managementFinancial risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk and market risk. Other types include Foreign exchange, Shape, Volatility, Sector, Liquidity, Inflation risks, etc...
- ForensicForensic accountingForensic accounting is the specialty practice area of accountancy that describes engagements that result from actual or anticipated disputes or litigation. "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally...
- Internal Audit, Risk and Compliance Services (IARCS)Internal auditInternal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk...
- IT AdvisoryInformation technology consultingInformation technology consulting is a field that focuses on advising businesses on how best to use information technology to meet their business objectives...
- RestructuringRestructuringRestructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs...
- RecruitmentRecruitmentRecruitment refers to the process of attracting, screening, and selecting qualified people for a job. For some components of the recruitment process, mid- and large-size organizations often retain professional recruiters or outsource some of the process to recruitment agencies.The recruitment...
- Transaction Services (M&A and Strategy)
- Others:
- Global China Practice
Awards
- 2011 World's Best OutsourcingOutsourcingOutsourcing is the process of contracting a business function to someone else.-Overview:The term outsourcing is used inconsistently but usually involves the contracting out of a business function - commonly one previously performed in-house - to an external provider...
Advisors - in recognition of the firm's depth of experience, global reach and holistic approach.
- Inducted into Working Mother Hall of Fame after being honored for 15 years as one of Working Mother magazine's 100 Best Companies for Working Mothers.
- International Tax Review Asia Tax Awards, 2008-2010 - in recognition of the accomplishments of KPMG's Tax Services and Global Transfer Pricing Services team. KPMG China was awarded the 2010 Hong Kong Tax Firm of the Year and the 2010 China Transfer Pricing Firm of the Year at the International Tax Review's 2010 Asia Tax Awards ceremony in Singapore on 23 November 2010. KPMG's global transfer pricingTransfer pricingTransfer pricing refers to the setting, analysis, documentation, and adjustment of charges made between related parties for goods, services, or use of property . Transfer prices among components of an enterprise may be used to reflect allocation of resources among such components, or for other...
services in China and Hong Kong is headed by Chi Cheng.
- Top 2 overall in Consultancy Rankings 2009 by OpRisk & Compliance - in recognition of KPMG's experience in risk management.
- World's most attractive employers, 2010 - ranked Second, and First of the Big Four - in recognition of KPMG's efforts of being an Employer of Choice.
Name and branding
- K stands for Klynveld, after Piet KlynveldPiet KlynveldPieter Klijnveld was a Dutch accountant who started a practice that after several mergers would grow into the international accounting firm KPMG....
, founder of the accounting firm Klynveld Kraayenhof & Co.Klynveld Kraayenhof & Co.Klynveld Kraayenhof & Co. was a Dutch accountancy firm founded in 1917 by Piet Klynveld and Jaap Kraayenhof, who was one of Klynveld's former employees at another firm. The firm specialized in banking and exporting and kept its independence by serving Dutch clients who were expanding throughout...
in AmsterdamAmsterdamAmsterdam is the largest city and the capital of the Netherlands. The current position of Amsterdam as capital city of the Kingdom of the Netherlands is governed by the constitution of August 24, 1815 and its successors. Amsterdam has a population of 783,364 within city limits, an urban population...
in 1917. - P stands for Peat, after William Barclay PeatWilliam Barclay PeatSir William Barclay Peat was born on the 15th February 1852 in Forebank St Cyrus, Kincardine, Scotland. He was the second son of James Peat and Margaret Barclay...
, founder of the accounting firm William Barclay Peat & Co. in LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
in 1870. - M stands for Marwick, after James MarwickJames MarwickJames Marwick was an original founder of an accounting office that became one of the Big Four auditors, KPMG.Marwick's father was Sir James David Marwick, an Orcadian who was Town Clerk of Glasgow from 1873 to 1904...
, co-founder of the accounting firm Marwick, Mitchell & Co. in New York CityNew York CityNew York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
in 1897. - G stands for Goerdeler, after Reinhard GoerdelerReinhard GoerdelerReinhard Goerdeler was a German accountant who was instrumental in founding KPMG, the leading international firm of accountants. Goerdeler was born in Königsberg, East Prussia as the son of Königsberg's second mayor Carl Friedrich Goerdeler, a leading anti-Nazi activist.While his father was on...
, chairman of the German accounting firm Deutsche Treuhand-Gesellschaft (DTG) and, later, chairman of KPMG.
International Publications
KPMG distributes a number of publications online and in print. The Corporate and Indirect Tax Rate Survey analyzes current rates incurred by international business and compares them with their equivalents of years past. Similarly, the Individual Income Tax and Social Security Rate Survey compares rates with those of years past in jurisdictions around the world. Competitive AlternativesCompetitive Alternatives
KPMG's Competitive Alternatives is a biennial guide to comparing international business site locations in North America, Europe, and Asia Pacific. The primary focus of the study is international business costs. The study measures the impact of significant costs that vary by location, as applied to...
is primarily focused on analyzing international business costs and acts as a guide to comparing international business site locations in North America, Europe, and Asia Pacific. Exploring Global Frontiers - The New Emerging Destinations is a report focused on analyzing international locations for IT outsourcing.
KPMG in China produces many publications on industry trends in both English and Chinese and these can be found on the China firm website.
Staff
The US branch of KPMG was rated one of the top 10 companies for working mothers. It is also ranked No. 56 on Fortune Magazine's list of 100 Best Companies to Work For, voted for by employees.KPMG ranks No. 5 out of 125 among companies with the best training programmes according to "Training Magazine".
KPMG was the preferred employer among the Big Four accounting firms according to College Grad.com. It was also ranked No.4 on the list of "50 Best Places to Launch a Career" in 2009 according to BusinessWeek.
In 2008 KPMG in the UK was named the best big company to work for by The Times. This was the fourth consecutive year that KPMG has made the top three. If a good position is obtained in the survey, staff receive an extra day's holiday, some have suggested that this could influence how staff fill in the survey thus putting the validity of the award in doubt.
In 2009 in the UK, KPMG introduced a programme known as 'Flexible Futures'. This allowed staff to volunteer to give the firm the option to either send them on a sabbatical at 30% pay for up to 12 weeks, or to reduce their working hours to 4 days a week. The option remains open to the firm until October 2010. This facility has been invoked by the firm in some departments. KPMG publicised this as innovative and an alternative approach to redundancies. Reaction within the firm was generally positive, with over 75% of staff volunteering. However over 100 staff had been made redundant prior to this announcement, leading some to accuse KPMG of being hypocritical in the message that they were given.
In October 2010, for the 8th year in a row, KPMG was named one of "Canada's Top 100 Employers
Canada's Top 100 Employers
Canada's Top 100 Employers is an annual competition that recognizes the best places in Canada to work. First held in 1999, the project aims to single out the employers that lead their industries in offering exceptional working conditions and progressive human resources policies. Winners are...
" by Mediacorp Canada Inc., and was featured in Maclean's
Maclean's
Maclean's is a Canadian weekly news magazine, reporting on Canadian issues such as politics, pop culture, and current events.-History:Founded in 1905 by Toronto journalist/entrepreneur Lt.-Col. John Bayne Maclean, a 43-year-old trade magazine publisher who purchased an advertising agency's in-house...
newsmagazine. In November 2010 KPMG was also named one of Greater Toronto's Top Employers
Greater Toronto's Top Employers
Greater Toronto's Top Employers is an annual competition that recognizes the best places to work in the Greater Toronto Area...
, which was announced by the Toronto Star
Toronto Star
The Toronto Star is Canada's highest-circulation newspaper, based in Toronto, Ontario, Canada. Its print edition is distributed almost entirely within the province of Ontario...
newspaper.
Rite Aid
In 2003, KPMG agreed to pay $125 million to settle a lawsuit stemming from the firm's audits of the drug chain Rite AidRite Aid
Rite Aid is a drugstore chain in the United States and a Fortune 500 company headquartered in East Pennsboro Township, Pennsylvania, near Camp Hill. Rite Aid is the largest drugstore chain on the East Coast and the third largest drugstore chain in the U.S....
.
Lernout & Hauspie
In 2004, KPMG agreed to pay $115 million to settle lawsuits stemming from the collapse of software company Lernout & HauspieLernout & Hauspie
Lernout & Hauspie Speech Products, or L&H, was a leading Belgium-based speech recognition technology company, founded by Jo Lernout and Pol Hauspie, that went bankrupt in 2001...
Speech Products NV.
Tax shelter fraud
In early 2005, the United States member firm, KPMG LLP, was accused by the United States Department of JusticeUnited States Department of Justice
The United States Department of Justice , is the United States federal executive department responsible for the enforcement of the law and administration of justice, equivalent to the justice or interior ministries of other countries.The Department is led by the Attorney General, who is nominated...
of fraud in marketing abusive tax shelters
KPMG tax shelter fraud
The KPMG tax shelter fraud scandal involves allegedly illegal U.S. tax shelters by KPMG that were exposed beginning in 2003. In early 2005, the United States member firm of KPMG International, KPMG LLP, was accused by the United States Department of Justice of fraud in marketing abusive tax...
. KPMG LLP admitted criminal wrongdoing in creating fraudulent tax shelters to help wealthy clients avoid $2.5 billion in taxes and agreed to pay $456 million in penalties in exchange for a deferred prosecution agreement
Deferred prosecution agreement
A deferred prosecution agreement is a voluntary alternative to adjudication in which a prosecutor agrees to grant amnesty in exchange for the defendant agreeing to fulfill certain requirements...
. KPMG LLP would not face criminal prosecution if it complied with the terms of its agreement with the government. On January 3, 2007, the criminal conspiracy charges against KPMG were dropped.
Before the settlement, the firm, on the advice of its counsel Skadden, Arps, Slate, Meagher & Flom LLP, removed several tax partners and admitted "unlawful conduct" by those partners. The firm agreed to cooperate with the U.S. Department of Justice's investigation and help prosecute former partners who had devised and sold the tax shelters. Additionally, the firm hired former U.S. district judge Sven Erik Holmes
Sven Erik Holmes
Sven Erik Holmes is the Executive Vice Chair, Legal and Compliance for KPMG LLP, a national accounting firm, where he directs the office of general counsel, government affairs, security, external communications, office of internal audit, and ethics and compliance programs...
to monitor its legal and regulatory affairs.
Siemens
In February 2007, KPMG Germany was investigated for ignoring questionable payments in the SiemensSiemens
Siemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...
bribery case. In November 2008, the Siemens Supervisory Board recommended changing auditors from KPMG to Ernst & Young.
Others
In 2006, Fannie Mae sued KPMG for malpractice for approving years of erroneous financial statements.In March 2008 KPMG was accused of enabling “improper and imprudent practices” at New Century Financial, a failed mortgage company and KPMG agreed to pay $80 million to settle suits from Xerox
Xerox
Xerox Corporation is an American multinational document management corporation that produced and sells a range of color and black-and-white printers, multifunction systems, photo copiers, digital production printing presses, and related consulting services and supplies...
shareholders over manipulated earnings reports.
In August 2010 it was reported by the Swedish Financial Supervisory Authority to the Swedish accountancy regulator after HQ Bank was forced into involuntary liquidation after the Financial Supervisory Authority revoked all its licences for breach of banking regulations.
Sponsorship
The Swedish member firm was main sponsor for Swedish biathleteBiathlon
Biathlon is a term used to describe any sporting event made up of two disciplines. However, biathlon usually refers specifically to the winter sport that combines cross-country skiing and rifle shooting...
Magdalena Forsberg
Magdalena Forsberg
Magdalena "Magda" Forsberg is a former Swedish cross country skier and biathlete. She was the dominating female biathlete from 1997 to 2002, when she retired, winning the Biathlon World Cup for six years straight...
, six times world champion and twice olympic medalist. Forsberg was working as a tax consultant at the KPMG Sundsvall
Sundsvall
-External links:* - Official site from Nordisk Familjebok - Sundsvalls tourist information bureau. - The alternative guide to Sundsvall. - Blog with photos from Sundsvall....
office parallel with her athletic career.
In February 2008, Phil Mickelson
Phil Mickelson
Philip Alfred Mickelson is an American professional golfer. He has won four major championships and a total of 39 events on the PGA Tour. He has reached a career high world ranking of 2nd in multiple years. He is nicknamed "Lefty" for his left-handed swing, even though he is otherwise right-handed...
, ranked one of the best golfers in the world, signed a three-year global sponsorship deal with KPMG. As part of the agreement, Mickelson will wear the KPMG logo on his headwear during all golf related appearances.
The Canadian member firm sponsored Alexandre Bilodeau
Alexandre Bilodeau
Alexandre Bilodeau is a Canadian freestyle skier from Montreal, Quebec. Bilodeau currently resides in Rosemère, Quebec. Bilodeau won a gold medal in the men's moguls at the 2010 Winter Olympics in Vancouver, becoming the first Canadian to win a gold medal at an Olympic Games held in Canada after...
, who won the first gold medal for Canada on home-soil in the 2010 Vancouver Olympics. Alexandre's father is a tax partner in the Montreal office.
Business
- Margaret JacksonMargaret JacksonMargaret Jackson, AC is an Australian corporate executive.Jackson was born in Warragul, Victoria, and studied at Warragul High School. She graduated with a Bachelor of Economics degree from Monash University and a Master of Business Administration from the University of Melbourne...
- chairwoman of QantasQantasQantas Airways Limited is the flag carrier of Australia. The name was originally "QANTAS", an initialism for "Queensland and Northern Territory Aerial Services". Nicknamed "The Flying Kangaroo", the airline is based in Sydney, with its main hub at Sydney Airport...
(2000–2007) - Syd KesslerSyd KesslerSyd Kessler began as a writer for Chuck Blor Creative Services. During the 60’s and 70’s, this company was considered to be the number one creative radio commercial production company in the U.S. In 1970-71, Hatus/Hall–the producers of the legendary game show Let's Make a Deal – hired him to...
- entrepreneur - Michael O'LearyMichael O'Leary (Ryanair)Michael O'Leary is an Irish businessman and the Chief Executive Officer of the Irish airline Ryanair. He is one of Ireland's wealthiest businessmen.-Early life:...
- CEO of RyanairRyanairRyanair is an Irish low-cost airline. Its head office is at Dublin Airport and its primary operational bases at Dublin Airport and London Stansted Airport....
(1994–present) - Zarin PatelZarin PatelZarin Patel is the BBC's Chief Financial Officer. She took up the post on 1 December 2004 following the promotion of John Smith to Chief Operating Officer. She was previously Head of Revenue Management, the department within the BBC responsible for collecting the Television licence, a job she had...
- CFO of the BBCBBCThe British Broadcasting Corporation is a British public service broadcaster. Its headquarters is at Broadcasting House in the City of Westminster, London. It is the largest broadcaster in the world, with about 23,000 staff... - Colin Sharman, Baron SharmanColin Sharman, Baron SharmanColin Morven Sharman, Baron Sharman OBE , is the British chairman of Aviva Group and former chairman of KPMG International.He was educated at Bishop Wordsworth's School in Salisbury and qualified as a chartered accountant in 1965...
- chairman of Aviva (2006–present) - Sir Michael RakeMichael RakeSir Michael Rake is Chairman of BT Group and the UK Commission for Employment and Skills, as well as a non-executive director of Barclays PLC, McGraw-Hill Inc and the Financial Reporting Council. He is also chairman of the private equity oversight group the Guidelines Monitoring Committee...
- Chairman of BTBT GroupBT Group plc is a global telecommunications services company headquartered in London, United Kingdom. It is one of the largest telecommunications services companies in the world and has operations in more than 170 countries. Through its BT Global Services division it is a major supplier of...
(2007–present) - Douglas FlintDouglas FlintDouglas Jardine Flint CBE, is a British banking businessman. He is currently the Group Chairman of HSBC Holdings.- Education :Flint graduated with a bachelor's degree with honours in Accounting from the University of Glasgow...
- Chairman of HSBCHSBCHSBC Holdings plc is a global banking and financial services company headquartered in Canary Wharf, London, United Kingdom. it is the world's second-largest banking and financial services group and second-largest public company according to a composite measure by Forbes magazine...
(2010-present)
Politics and public service
- Steve BracksSteve BracksStephen Philip Bracks AC is a former Australian politician and the 44th Premier of Victoria. He first won the electoral district of Williamstown in 1994 for the Australian Labor Party, and was party leader and Premier from 1999 to 2007....
- Premier of Victoria, AustraliaAustraliaAustralia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
(1999–2007) - Yvo de BoerYvo de BoerYvo de Boer was the Executive Secretary of the United Nations Framework Convention on Climate Change from 4 September 2006 to 1 July 2010...
- Executive Secretary United Nations Framework Convention on Climate ChangeUnited Nations Framework Convention on Climate ChangeThe United Nations Framework Convention on Climate Change is an international environmental treaty produced at the United Nations Conference on Environment and Development , informally known as the Earth Summit, held in Rio de Janeiro from June 3 to 14, 1992...
(2006–2010) - Jerry FinnellJerry FinnellJerry Finnell was a partner in the accounting firm KPMG until retiring in 1995. He was elected to the Del Mar, California city council in 2002, and became mayor in 2004....
- Mayor of Del Mar, CaliforniaDel Mar, CaliforniaDel Mar is an upscale beach town in San Diego County, California. The population was 4,161 at the 2010 census, down from 4,389 at the 2000 census. The San Diego County Fair is hosted on the Del Mar Fairgrounds every summer. Del Mar is Spanish for "of the sea" or "by the sea", because it is located...
(2004–present) - Nick GibbNick GibbNicolas John "Nick" Gibb is a British Conservative Party politician. He is the Member of Parliament for Bognor Regis and Littlehampton...
- Member of the British Parliament (1997–present) - Mark HarperMark HarperMark James Harper British politician and self-employed accountant . He is the Conservative Member of Parliament for Forest of Dean and is currently the Parliamentary Under-Secretary of State at the Cabinet Office, with ministerial responsibility for Political and Constitutional Reform.-Early life...
- Member of the British Parliament (2005–present) - Toby Harris, Baron Harris of HaringeyToby Harris, Baron Harris of HaringeyJonathan Toby Harris, Baron Harris of Haringey is a Labour Party politician in the House of Lords.Educated at Haberdashers' Aske's Boys' School and Trinity College, Cambridge, he went on to become President of the Cambridge Union Society...
- member of the London AssemblyLondon AssemblyThe London Assembly is an elected body, part of the Greater London Authority, that scrutinises the activities of the Mayor of London and has the power, with a two-thirds majority, to amend the mayor's annual budget. The assembly was established in 2000 and is headquartered at City Hall on the south...
(2000–04); chairman of the Metropolitan Police AuthorityMetropolitan Police AuthorityThe Metropolitan Police Authority is the police authority responsible for supervising the Metropolitan Police Service, the police force for Greater London ....
(2000–04) - Michael Hirst - Member of the British Parliament (1983–87)
- Edmund HoEdmund HoEdmund Ho Hau Wah, GCIH, GML, GCM was the Chief Executive of the Macau Special Administrative Region of the People's Republic of China. He is now the vice-chairman of the 11th Chinese People's Political Consultative Conference....
- Chief Executive of MacauChief Executive of MacauThe Chief Executive of Macau is the head of the government of Macau, a special administrative region of the People's Republic of China and a former Portuguese overseas province.Under the Basic Law of Macau, the CE's role is:...
(1999–2009) - Hilbrand NawijnHilbrand NawijnHilbrand Pier Anne Nawijn is a Dutch politician of the Party for the Netherlands . He was Minister for Integration & Immigration from July 22, 2002 until May 27, 2003 and later a Member of the House of Representatives for the Pim Fortuyn List .Nawijn was born in Kampen...
- Dutch Minister for Integration (2002–2003) - L. Glenn PerryL. Glenn PerryLloyd Glenn Perry was the first of the United States Securities and Exchange Commission. His appointment to this post by Ronald Reagan was announced on September 23, 1982 in the SEC News Digest....
- Chief Accountant United States Securities and Exchange CommissionUnited States Securities and Exchange CommissionThe U.S. Securities and Exchange Commission is a federal agency which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets in the United States...
Enforcement Division (1982–1984) - Kevin RuddKevin RuddKevin Michael Rudd is an Australian politician who was the 26th Prime Minister of Australia from 2007 to 2010. He has been Minister for Foreign Affairs since 2010...
- Australian Prime Minister (2007–2010) - Rita VerdonkRita VerdonkMaria Cornelia Frederika "Rita" Verdonk is a retired Dutch politician initially of the People's Party for Freedom and Democracy until she was expelled in October 2007, she later formed her own party Proud of the Netherlands . She served as Minister for Integration and Immigration in Cabinets...
- Dutch Minister for Integration and Immigration (2003–2007) - Salmaan TaseerSalmaan TaseerSalmaan Taseer was a Pakistani businessman and politician who served as the 26th governor of the province of Punjab from 2008 until his assassination in early 2011....
- Governor of Punjab Province, Pakistan (2008–2011) - Jacqui SmithJacqui SmithJacqueline Jill "Jacqui" Smith is a member of the British Labour Party. She served as the Member of Parliament for Redditch from 1997 until 2010 and was the first ever female Home Secretary, thus making her the third woman to hold one of the Great Offices of State — after Margaret Thatcher and...
- Home SecretaryHome SecretaryThe Secretary of State for the Home Department, commonly known as the Home Secretary, is the minister in charge of the Home Office of the United Kingdom, and one of the country's four Great Offices of State...
(2007-10) - Wouter BosWouter BosWouter Jacob Bos is a Dutch management consultant and former politician of the Labour Party . He was Minister of Finance and Deputy Prime Minister in the Cabinet Balkenende IV from February 22, 2007 till February 23, 2010...
- Dutch Minister of FinanceMinistry of Finance (Netherlands)The Ministry of Finance is the Dutch ministry of finance: it is occupied with the national budget, taxation and financial economic policy, including supervision of financial markets...
(2007-10) - David CarewDavid CarewDavid Omashola Carew is a Sierra Leonean economist and politician. He is currently Sierra Leone's Minister of Trade and Industry. He had also served as Sierra Leone Minister of Finance from October 2007 to February 2009...
- Minister of Trade and Industry, Sierra Leone (2009 - present) - Karen BradleyKaren BradleyKaren Anne Bradley is a British Conservative Party politician and the Member of Parliament for Staffordshire Moorlands, elected at the 2010 general election....
- British Conservative Party politician and the Member of Parliament (2010 - present)
Other
- Leslie FerrarLeslie FerrarLeslie Jane Ferrar has been Treasurer to Charles, Prince of Wales since January 2005. Her alleged behaviour in office has led to her being dubbed 'the grasping treasurer' by a couple of members of the 'Tabloid' press. Mrs Ferrar is the granddaughter of the author Bruce Marshall and Dr...
- Treasurer to Charles, Prince of WalesCharles, Prince of WalesPrince Charles, Prince of Wales is the heir apparent and eldest son of Queen Elizabeth II and Prince Philip, Duke of Edinburgh. Since 1958 his major title has been His Royal Highness The Prince of Wales. In Scotland he is additionally known as The Duke of Rothesay...
- Amr KhaledAmr KhaledAmr Mohamed Helmi Khaled is an Egyptian Muslim activist and television preacher. The New York Times Magazine, in reference to Khaled's popularity in Arab countries, described him in its April 30, 2006 issue as "the world's most famous and influential Muslim television preacher." Amr Khaled has...
- Popular moderate MuslimMuslimA Muslim, also spelled Moslem, is an adherent of Islam, a monotheistic, Abrahamic religion based on the Quran, which Muslims consider the verbatim word of God as revealed to prophet Muhammad. "Muslim" is the Arabic term for "submitter" .Muslims believe that God is one and incomparable...
preacher - Bruce MarshallBruce MarshallLieutenant-Colonel Claude Cunningham Bruce Marshall, known as Bruce Marshall was a prolific Scottish writer who wrote fiction and non-fiction books on a wide range of topics and genres. His first book, A Thief in the Night came out in 1918, possibly self-published...
- Writer - Michael PeatMichael PeatSir Michael Charles Gerrard Peat, GCVO was the Principal Private Secretary to Charles, Prince of Wales and Camilla, Duchess of Cornwall between 2002 and 2011.-Life and career:...
- Principal Private Secretary to Charles, Prince of WalesCharles, Prince of WalesPrince Charles, Prince of Wales is the heir apparent and eldest son of Queen Elizabeth II and Prince Philip, Duke of Edinburgh. Since 1958 his major title has been His Royal Highness The Prince of Wales. In Scotland he is additionally known as The Duke of Rothesay... - Nate SilverNate SilverNathaniel Read "Nate" Silver is an American statistician, psephologist, and writer. Silver first gained public recognition for developing PECOTA, a system for forecasting the performance and career development of Major League Baseball players, which he sold to and then managed for Baseball...
- Statistician/journalist, creator of PECOTAPECOTAPECOTA, an acronym for Player Empirical Comparison and Optimization Test Algorithm, is a sabermetric system for forecasting Major League Baseball player performance. The word is a backronym based on the name of journeyman major league player Bill Pecota, who with a lifetime batting average of .249...
baseball projection system and the political blog FiveThirtyEight; named one of Time Magazine's "100 Most Influential People"Time 100Time 100 is an annual list of the 100 most influential people in the world, as assembled by Time. First published in 1999 as a result of a debate among several academics, the list has become an annual event.-History and format:...
in 2009. - Paul TisdalePaul TisdalePaul Robert Tisdale is a retired professional footballer. He is the current manager of Exeter City.-Southampton:...
- Former football player - Johan van der Walt - Forensic auditor
- Kateryna Yushchenko-ChumachenkoKateryna Yushchenko-ChumachenkoKateryna Mykhaylivna Yushchenko is the current and second wife of former Ukrainian President Viktor Yushchenko and First Lady of Ukraine....
- wife of Viktor YushchenkoViktor YushchenkoViktor Andriyovych Yushchenko is a former President of Ukraine. He took office on January 23, 2005, following a period of popular unrest known as the Orange Revolution...
, former President of Ukraine - Bernard AvishaiBernard AvishaiBernard Avishai, Contributing Editor of Harvard Business Review, splits his time between Jerusalem and Wilmot, New Hampshire. He has taught at Duke, MIT, and was director of the Zell Entrepreneurship Program at the Interdisciplinary Center, Herzliya, Israel. From 1998 to 2001 he was International...
- Writer - Paul LiebersteinPaul LiebersteinPaul Bevan Lieberstein is an American screenwriter, actor and television producer. An Emmy Award winner, he is most widely known as a writer, producer, and as supporting cast member Toby Flenderson on the U.S...
- Screenwriter/Actor, The Office (US) - Gibby HaynesGibby HaynesGibson Jerome "Gibby" Haynes is an American musician, radio personality, and painter, and the lead singer of the group Butthole Surfers.-Early life and career:...
- Lead singer, Butthole SurfersButthole SurfersButthole Surfers is an American alternative rock band formed by Gibby Haynes and Paul Leary in San Antonio, Texas in 1981. The band has had numerous personnel changes, but its core lineup of Haynes, Leary, and drummer King Coffey has been consistent since 1983. Teresa Nervosa served as second... - Barry HearnBarry HearnBarry Hearn is an English sporting events promoter, and the founder and chairman of promotions company Matchroom Sport. He is currently the chairman of Leyton Orient F.C., and the Professional Darts Corporation and was also until July 2010 chairman of the World Professional Billiards and Snooker...
- Sports entrepreneur - Sir David TweedieDavid TweedieSir David Tweedie is a Scottish accountant. As Chairman of the International Accounting Standards Board from 2001 until June 2011, he has been a global leader in the accounting profession.-Career:...
- Chairman of the International Accounting Standards BoardInternational Accounting Standards BoardThe International Accounting Standards Board is an independent, privately funded accounting standard-setter based in London, England.The IASB was founded on April 1, 2001 as the successor to the International Accounting Standards Committee...
External links
- Official international website
- KPMG China website
- Tax Me if You Can - documentary into corporate tax avoidance and its implications including the role of KPMG