John Veihmeyer Is New KPMG US Chairman

The US firm KPMG LLP just announced that its current CEO, John B. Veihmeyer, 54, will become the chairman and chief executive of the U.S. audit, tax and advisory firm for a five- year term, starting June 10, 2010 and going till June 9, 2015. Veihmeyer will take over from Timothy P. Flynn, 53, who will now spend all his time as chairman of the KPMG International firm. Flynn was chairman of the U.S. firm since 2005, and chairman of KPMG International since 2007....

We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!

All Big4 Firms On Fortune's 100 Best Companies To Work For

All Big Four firms recently made it to the recent Fortune magazine's listing of Top 100 US Companies to work for. This ranking is highly anticipated and widely quoted. Deloitte even carried a press release on their inclusion on their website.

Leading the pack in the list was Ernst and Young at #57, followed by KPMG at #71, PricewaterhouseCoopers at #90, and Deloitte at #95.

And here are more interesting numbers from the report. Keep in mind that these are the US firms of the larger international Big Four partnerships, and while some numbers pertain to the US, some others (such as revenue) are for the global firm:

We’ve moved. Click here to go the full post at the new Big Four Blog at Big4.com!

Big Four Firms Report Tremendous 2007 Results

The Big4.com 2007 Firms Performance Analysis

The Big Four accounting firms had a banner year in 2007 with double-digit revenue growth on the heels of strong performances in 2006 and 2005. KPMG had the highest annual growth rate among the firms with 17.4%, followed by Deloitte at 15.5%, Ernst and Young at 15% and PricewaterhouseCoopers bringing up the rear at 14.4%. Despite this relatively slower growth, PwC remains the planet’s largest accounting firm with 2007 revenues of $25.2 billion, ahead of Deloitte at $23.1 billion, E&Y at $21.1 billion with KPMG being relatively the smallest firm at $19.8 billion...

We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!

KPMG: The Last Big Four Firm to Report 2007

KPMG is the last Big Four firm to report its results. The other Big Four firms - Ernst and Young, PricewaterhouseCoopers and Deloitte and Touche - have all reported their fiscal 2007 results. And they have all been terrific, all at around 15%, which is quite amazing given that the starting point for revenues is around $20 billion. It is quite hard to grow at these rates for several consecutive years for mega professional service firms.

We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!

KPMG on WSJ's Front Page: Continued Fascination with the Big Four

David Reilly has a fascinating article on KPMG LLP which featured yesterday on the home page of the Wall Street Journal. It is heartening to see Big Four firms getting top coverage (some good and some bad) on the nation's most widely read business newspaper...

We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!

KPMG LLP's Mike Rake Writes from WEF in Davos

Mike Rake, Chairman, KPMG International has penned three down-to-earth, frank and whimsical notes in his WEF Diary while attending the action packed event at Davos from January 24 to 26, 2007.

It is a mixture of personal observations, attendances at keynotes, pining for a greener world and his misgivings about the true nature of the gathering....


We've moved. Click here to go to the full post at the new Big Four Blog at Big4.com!