History

History

Learn about the history of ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø from 1895 to the far reaching business that it is today.

Learn about the history of ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø from 1895 to the far reaching business that it is today.

History

ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø began in its present form in 1987, when Peat Marwick International and Klynveld Main Goerdeler and their respective member firms merged. 

The name ‘ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍøâ€� derived from the first letter of four key surnames in the brand’s history:

K = Klynveld

Piet Klynveld founded the accounting firm Klynveld Kraayenhof & Co in Amsterdam in 1917.

P= Peat

William Barclay Peat took charge of an accounting firm in London in 1891 and renamed it W.B. Peat & Co.

M = Marwick

James Marwick established the accounting firm Marwick Mitchell & Co in New York City in 1897.

G = Goerdeler

Dr Reinhard Goerdeler was the first president of the International Federation of Accountants and a chairman of ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø. He was instrumental in the formation of Klynveld Main Goerdeler, a key precursor of today’s ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø. 

Australia

In Australia, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø traces its origins to 1895 when Frederick J. Smith opened an accounting practice in Sydney. F.J. Smith’s firm became part of Peat, Marwick, Mitchell & Co in 1949, which in turn became ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø Peat Marwick in 1990. In 1998, ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø in Australia united its various state and regional affiliates to form a national network.