KPMG - additional information
KPMG is one of the leading accounting and audit firms in the world, generating more than 20 U.S. billion dollars in revenue annually since 2008. The present day company was fully established in 1987 with the merging of Peat Marwick International and KPM (Klynveld Main Goerdeler). The firm is among the Big Four audit and accounting firms, alongside Deloitte, PwC (PricewaterhouseCoopers) and EY (Ernst and Young). In terms of revenue, KPMG was the smallest of the Big Four in 2021. In that year, Deloitte had the highest turnover with almost 20 billion U.S. dollars more than KPMG.
KPMG has three main service lines – audit, advisory and tax services. Of these services, auditing has generated the most revenue for the company year on year from 2010 to 2017. The advisory services, however, had the largest growth in revenue since 2010, and from 2018 it became the KPMG service generating the largest revenue. When compared to the service revenue of the ‘Big Four’ firms, KPMG generated the third highest revenue in advisory services in 2021, making around 2.5 billion U.S. dollars more than EY.