Quick Answer: KPMG International Limited is a British multinational professional services network, headquartered in London, United Kingdom. It is one of the Big Four accounting firms, along with Ernst & Young, 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 merged with Peat Marwick in 1987. KPMG has three divisions: financial audit, tax, and consulting. Its tax and advisory services are further divided into various service groups. In the 21st century, various parts of the firm's global network of affiliates have been involved in regulatory actions as well as lawsuits.