KPMG in the context of "Faber "

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⭐ Core Definition: KPMG

KPMG International Limited is a British multinational professional services network, based in London, United Kingdom. It is one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. As of December 2024, KPMG comprised 46 firms.

The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler". The initialism was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987.

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KPMG in the context of Amstelveen

Amstelveen (Dutch pronunciation: [ˌɑmstəlˈveːn] ) is a municipality and city in the province of North Holland, Netherlands, with a population of 95,996 as of 2024. 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), it contains the following neighbourhoods: Westwijk, Bankras-Kostverloren, Groenelaan, Waardhuizen, Middenhoven, Randwijk, Elsrijk and Keizer Karelpark. The name Amstelveen comes from the Amstel, a local river (as does the name Amsterdam) and veen, meaning fen, peat, or moor. Amstelveen houses the international headquarters of Dutch national airline KLM (although it is slated to leave for Schiphol in the future, plans to move have been delayed due to covid and high costs) and KPMG, one of the Big Four accounting firms. The Cobra Museum is also located in Amstelveen.

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KPMG in the context of Big Four accounting firms

The Big Four are the four largest professional services networks in the world: Deloitte, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue. 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 all offer audit, assurance, taxation, management consulting, valuation, market research, 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 market for professional services was dominated by eight networks which were nicknamed the "Big Eight". The Big Eight consisted of Arthur Andersen, Arthur Young, Coopers & Lybrand, Deloitte Haskins and Sells, Ernst & Whinney, Peat Marwick Mitchell, Price Waterhouse, and Touche Ross.

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KPMG in the context of PricewaterhouseCoopers

PricewaterhouseCoopers, also known as PwC, is a British multinational professional services network based in London, United Kingdom.

It is the second-largest professional services network in the world and is one of the Big Four accounting firms, along with Deloitte, EY, and KPMG. The PwC network is overseen by PricewaterhouseCoopers International Limited, an English private company limited by guarantee.

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KPMG in the context of Deloitte

Deloitte is a British multinational professional services network based in London, United Kingdom. It is the largest professional services network in the world by revenue and number of employees, and is one of the Big Four accounting firms, along with EY, KPMG, and PwC. The Deloitte network is composed of member firms of Deloitte Touche Tohmatsu Limited (/dəˈlɔɪt ˈtʃ tˈmɑːts/ də-LOYT TOOSH toh-MAHT-soo) a private company limited by guarantee incorporated in England and Wales.

The firm was founded by accountant William Welch Deloitte in London, England in 1845 and expanded into the United States in 1890. It merged with Haskins & Sells to form Deloitte Haskins & Sells in 1972 and with Touche Ross in the US to form Deloitte & Touche in 1989. In 1993, the international firm was renamed Deloitte Touche Tohmatsu, later abbreviated to Deloitte. In 2002, Arthur Andersen's practice in the UK as well as several of that firm's practices in Europe and North and South America agreed to merge with Deloitte. Subsequent acquisitions have included Monitor Group, a large strategy consulting business, in 2013.

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KPMG in the context of Women's PGA Championship

The Women's PGA Championship (branded as the KPMG Women's PGA Championship for sponsorship reasons) is a women's professional golf tournament. First held in 1955, it is one of five majors on the LPGA Tour. It is not recognized as a major by the Ladies European Tour, which does not recognize any of the three majors played in the United States.

Formerly known as the LPGA Championship, the LPGA (Ladies Professional Golf Association) announced in 2014 that the PGA of America would become a partner of the event, and that it would be renamed the Women's PGA Championship beginning in 2015—becoming a sister event to the men's PGA Championship (in a similar manner to the U.S. Women's Open being a sister event to the men's U.S. Open). The partnership included a new title sponsorship agreement with KPMG, an increase in purse, and a commitment by NBC to provide network television coverage of the weekend rounds.

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KPMG in the context of Professional services network

Professional services networks are business networks of independent firms who come together to provide professional services to clients through an organized framework. They are notably found in law and accounting. Any profession that operates in one location, but has clients in multiple locations, may provide potential members for a professional network. This entry focuses on accounting, legal, multidisciplinary and specialty practice networks. According to statistics from 2010, members of these networks employ more than one million professionals and staff and have cumulative annual revenues that exceed $200 billion.

The accounting networks 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 accounting networks and associations. They are highly structured entities.

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KPMG in the context of Ernst & Young

EY, previously known as Ernst & Young, is a British multinational professional services network based in London, United Kingdom. Along with Deloitte, KPMG and PwC, it is one of the Big Four professional services firms. The EY network is composed of member firms of Ernst & Young Global Limited, a UK company limited by guarantee.

EY is one of the largest professional services networks in the world. It primarily provides assurance, tax, information technology services (including managed services in areas like Cybersecurity, Cloud, Digital Transformation and AI), consulting, and advisory services to its clients.

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