When did Peat Marwick become KPMG?

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


KPMG LLP operates as an audit firm. The Firm offers accounting, auditing, internal audit, compliance, corporate recovery, forensic accounting, assurance, tax, risk management, and financial advisory services. KPMG serves customers worldwide.

Who did Peat Marwick merge with?

KPMG was formed in 1987 with the merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG) and their individual member firms. Spanning three centuries, the organization’s history can be traced through the names of its principal founding members whose initials form the name ‘KPMG’.

Who are the partners of Peat Marwick Mitchell?

In October 1979, for example, 1,053 partners of Peat, Marwick, Mitchell & Co., as the firm was then known, gathered at a posh Florida resort for a meeting that should have been just a formality.

Who is leaving KPMG Peat Marwick in Florida?

Mr. Horner — who had led the world’s largest accounting firm through six years of tumult, growth and change — was moving out of his corner office at KPMG Peat Marwick a few weeks ago, vacating it for his successor, when a meeting of retired partners took place in Florida.

Who is Charles T.Smith of Peat Marwick?

If all this was like a cauldron waiting to boil over, it was Charles T. Smith who turned up the heat. Mr. Smith, a retired partner in Greenville, S.C., served on Peat’s board from 1984 to 1986. He calls himself a big booster of the firm who “certainly doesn’t want to say anything detrimental.”

What was the dress code at Peat Marwick?

“No one told Larry,” said Walter O’Connor, a former Peat board member, that the dress code had been changed to black tie. He was one of the only dignitaries without a cummerbund. “He looked really disgruntled and unhappy,” said another retired board member, who insisted on anonymity.