What does KPMG stand for?

KPMG is one of the largest professional services companies in the world and one of the Big Four international accounting outfits along with Deloitte, Ernst & Young and PricewaterhouseCoopers.

The branding stands for:

• K- for Klynveld, after Piet Klynveld, founder of the accounting firm Klynveld Kraayenhof & Co. in Amsterdam in 1917.

• P- for Peat, after William Barclay Peat, founder of the accounting firm William Barclay Peat & Co. in London in 1870.

• M- stands for Marwick, after James Marwick, co-founder of the accounting firm Marwick, Mitchell & Co. in New York City in 1897.

• G- stands for Goerdeler, after Reinhard Goerdeler, chairman of the German accounting firm Deutsche Treuhand-Gesellschaft (DTG) and, later, chairman of KPMG.

For more information, please call +1(201)3077000 or visit KPMG.com.

In the news, former KPMG LLP senior partner Scott London was arraigned for allegedly providing confidential information about KPMG clients to a friend as part of an insider-trading scheme. The case was assigned to U.S. District Judge Michael Fitzgerald, but was heard to be transferred to another judge who is hearing the case of the man alleged to be the recipient of stock tips from the ex-senior partner.