KPMG (Klynveld Peat Marwick Goerdeler) is a Big 4 accountancy firm. It was formed with the 1987 merger of Peat Marwick International (PMI) and Klynveld Main Goerdeler (KMG).
In 1997, KPMG and Ernst & Young announced that they were to merge, in a manoeuvre largely seen as a spoiling tactic over the merger of Price Waterhouse and Coopers & Lybrand. However that merger, to form PricewaterhouseCoopers, was granted regulatory approval and the KPMG/Ernst & Young tie-up was later abandoned.
In 2003, KPMG divested itself of its legal arm, Klegal.