Editing KPMG (section)

=== Recent history ===
[[File:KPMG in Kamloops, Canada.jpg|thumb|right|KPMG building in [[Kamloops]], British Columbia, Canada]]
In 2001, KPMG [[Corporate spin-off|spun off]] its United States [[consulting firm]] through an [[initial public offering]] of KPMG Consulting, which was rebranded [[BearingPoint]].<ref>{{cite news |url=http://www.itworld.com/021002bearingpoint |title=KPMG Consulting becomes BearingPoint |date=2 October 2002 |access-date=5 September 2014 |work=ITworld |archive-url=https://web.archive.org/web/20120922101930/http://www.itworld.com/021002bearingpoint |archive-date=22 September 2012 |url-status=dead }}</ref> In early 2009, BearingPoint filed for [[Chapter 11 bankruptcy]] protection.<ref>{{cite news|url=https://www.washingtonpost.com/wp-dyn/content/article/2009/02/18/AR2009021801973.html |title=BearingPoint Seeks Bankruptcy Protection |newspaper=[[The Washington Post]] | first=Alejandro |last=Lazo |date=19 February 2009}}</ref> The UK and Dutch consulting arms were sold to [[Atos]] in 2002.<ref>{{cite news|url=https://www.telegraph.co.uk/finance/2764590/KPMG-stuns-with-French-Atos-sale.html |archive-url=https://ghostarchive.org/archive/20220111/https://www.telegraph.co.uk/finance/2764590/KPMG-stuns-with-French-Atos-sale.html |archive-date=11 January 2022 |url-access=subscription |url-status=live |title=KPMG stuns with French Atos sale |work=[[The Daily Telegraph|The Telegraph]] |date=6 June 2002 |access-date=5 September 2014 |first=Philip |last=Aldrick}}{{cbignore}}</ref>

In 2003, KPMG divested itself of its legal arm, Klegal<ref>{{cite news|url=http://www.legalweek.com/legal-week/news/1164145/kpmg-ditches-legal-ambitions-klegal-split |title=KPMG ditches legal ambitions in KLegal split |work=[[Legal Week]] |date=6 November 2003 |access-date=5 September 2014}}</ref> and KPMG sold its Dispute Advisory Services to [[FTI Consulting]].<ref>{{cite web |url=http://ir.fticonsulting.com/phoenix.zhtml?c=82634&p=irol-newsArticle_Print&ID=1090748 |title=FTI Consulting Completes Acquisition of Dispute Advisory Services Business Of KPMG |publisher=FTI Consulting |date=3 November 2003 |access-date=5 September 2014 |archive-url=https://web.archive.org/web/20190322130009/http://ir.fticonsulting.com/phoenix.zhtml?c=82634&p=irol-newsArticle_Print&ID=1090748 |archive-date=22 March 2019 |url-status=dead }}</ref>

KPMG's member firms in the United Kingdom, Germany, [[Switzerland]] and [[Liechtenstein]] merged to form KPMG Europe LLP in October 2007.<ref>{{cite web |last1=Lomas |first1=Ulrika |title=KPMG Swiss Merger To Create Europe's Largest Accountancy Firm |url=https://www.tax-news.com/news/KPMG_Swiss_Merger_To_Create_Europes_Largest_Accountancy_Firm____27706.html |website=Tax-News |publisher=Wolters Kluwer |access-date=7 May 2021 |date=26 June 2007|url-status=usurped |archive-url=https://web.archive.org/web/20210508020405/https://www.tax-news.com/news/KPMG_Swiss_Merger_To_Create_Europes_Largest_Accountancy_Firm____27706.html |archive-date=8 May 2021}}</ref> These member firms were followed by [[Spain]], [[Belgium]], the [[Netherlands]], [[Luxembourg]], [[Commonwealth of Independent States|CIS]] ([[Azerbaijan]], [[Russia]], [[Ukraine]], [[Belarus]], [[Kyrgyzstan]], [[Kazakhstan]], [[Armenia]] and [[Georgia (country)|Georgia]]), [[Turkey]], [[Norway]], and [[Saudi Arabia]].<ref>{{cite web |url=http://www.consultant-news.com/article_display.aspx?p=adp&id=7325 |title=Norway and Saudi Arabia to join KPMG Europe LLP |publisher=Consultant-news.com |date=1 November 2010 |access-date=5 September 2014 |archive-url=https://web.archive.org/web/20150320035023/http://www.consultant-news.com/article_display.aspx?p=adp&id=7325 |archive-date=20 March 2015 |url-status=dead }}</ref><ref>{{cite web |url=http://www.kpmg.com/be/en/issuesandinsights/articlespublications/the-kpmg-difference/pages/norway-and-saudi-arabia-to-join-kpmg-europe-llp.aspx |archive-url=https://archive.today/20140904215236/http://www.kpmg.com/be/en/issuesandinsights/articlespublications/the-kpmg-difference/pages/norway-and-saudi-arabia-to-join-kpmg-europe-llp.aspx |url-status=dead |archive-date=4 September 2014 |title=Norway and Saudi Arabia to join KPMG Europe LLP |publisher=KPMG International |date=30 November 2010 |access-date=5 September 2014 }}</ref> They appointed joint Chairmen, John Griffith-Jones and Ralf Nonnenmacher.<ref name="history"/>

In 2020, KPMG International Limited was incorporated in London, England.<ref name=governance/>

In February 2021, KPMG UK appointed its first female leaders, replacing Bill Michael, who stepped aside after making controversial comments.<ref>{{Cite web|date=2021-02-11|title='Unconscious bias is utter crap': KPMG staff share shock at UK chair's Zoom comments|url=http://www.theguardian.com/business/2021/feb/11/unconscious-bias-is-utter-crap-kpmg-staff-shock-uk-chair-zoom-comments-bill-michael|access-date=2021-02-12|website=The Guardian|language=en}}</ref> Bina Mehta was asked to step in as acting UK chairman and Mary O'Connor took over Michael's executive responsibilities as acting senior partner in UK.<ref>{{Cite news|date=2021-02-12|title=KPMG UK appoints first female leaders in 150 years|language=en-GB|work=BBC News|url=https://www.bbc.com/news/56021654|access-date=2021-02-12}}</ref><ref>{{Cite news|title=KPMG appoints first female leaders in shake-up after Michael furore|url=https://www.ft.com/content/24c25a23-0319-4a0b-8979-7c42b1e11207 |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/24c25a23-0319-4a0b-8979-7c42b1e11207 |archive-date=10 December 2022 |url-access=subscription|access-date=2021-02-12|newspaper=Financial Times|date=11 February 2021|last1=Marriage|first1=Madison}}</ref> In April 2021, O'Connor quit the firm after being passed over for the permanent role.<ref>{{Cite news|date=2021-04-28|title=KPMG's Mary O'Connor quits after being passed over for top UK job|language=en-GB|work=[[Financial Times]]|url=https://on.ft.com/2Sc5KeU|access-date=2021-08-04|url-access=subscription}}</ref>

In November 2021, KPMG UK was reported as having revised its partnership process to introduce five levels of partnership which required partners to inject capital at levels starting at £150,000 and going up to £500,000. This along with the £115 million proceeds from the sale of its pensions business earlier in 2021, which it seems was not distributed to the partners, was intended to prepare the balance sheet for a potential large fine (up to £1 billion) arising out of the [[Carillion]] lawsuit.<ref>{{Cite news|last=Booth|first=James|date=November 29, 2021|title=KPMG taps partners for extra cash ahead of £1bn Carillion claim|work=The Financial News|url=https://www.fnlondon.com/articles/kpmg-taps-partners-for-extra-cash-ahead-of-1bn-carillion-claim-20211129|access-date=January 16, 2022}}</ref>

In April 2022, it was announced that KPMG will acquire 50% of the UK-based venture capital advisory specialist Acceleris subject to approval from the Financial Conduct Authority.<ref>{{cite news|date=27 April 2022|url=https://news.sky.com/story/kpmg-to-cash-in-on-tech-funding-boom-with-new-venture-12599938|title=KPMG to cash in on tech funding boom with new venture|work=[[Sky News]]|access-date=28 April 2022}}</ref>

In August 2022, KPMG announced plans to downsize its office footprint in New York City in 2025, when it moves its offices in the city from Midtown Manhattan to [[Manhattan West#Two Manhattan West|Two Manhattan West]] in [[Hudson Yards, Manhattan|Hudson Yards]].<ref>{{cite news |last1=Putzier |first1=Konrad |title=KPMG to Cut Manhattan Office Space in Move to New U.S. Headquarters at Hudson Yards |url=https://www.wsj.com/articles/kpmg-to-cut-manhattan-office-space-in-move-to-new-u-s-headquarters-at-hudson-yards-11661270438 |access-date=24 August 2022 |work=[[The Wall Street Journal]] |date=23 August 2022}}</ref>

In May 2024, KPMG partners approved the merger of its UK and Switzerland firms, which are working across audit, legal, tax, and advisory, and generating $4.4 billion annually.<ref>{{cite news|date=24 May 2024|url=https://www.fnlondon.com/articles/kpmg-uk-and-switzerland-partners-vote-to-merge-12959d7b|title=KPMG UK and Switzerland partners approve $4.4bm merger|work=[[Financial News]]|access-date=25 May 2024}}</ref>

In November 2024, KPMG announced that it would spend $100 million over the next four years  to boost its enterprise artificial intelligence services via a partnership with Alphabet's [[Google Cloud Platform|Google Cloud]]. This is an attempt to leverage Google products in the workplace, develop AI agents and overall make the workforce familiar with the technology.<ref>{{Cite web |date=November 20, 2024 |title=KPMG to spend $100 million on AI partnership with Google Cloud |website=[[Reuters]] |url=https://www.reuters.com/technology/artificial-intelligence/kpmg-spend-100-million-ai-partnership-with-google-cloud-2024-11-20/}}</ref>

In February 2025, KPMG US removed from its website the diversity reports it had been publishing since 2020 as part of a broader effort to abandon the firm's [[Diversity, equity, and inclusion|DEI]] targets.<ref>{{Cite news |last=Foley |first=Stephen |date=2025-02-19 |title=KPMG’s US business removes diversity reports from its website after Trump onslaught |url=https://www.ft.com/content/668f67d0-eafe-4970-9e9a-210015a8919d |access-date=2025-02-19 |work=Financial Times}}</ref>