KPMG Germany
| KPMG AG auditing company
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| legal form | Corporation |
| founding | 1870 (2008) |
| Seat | Berlin |
| management |
Klaus Becker (Speaker of the Board of Management) |
| Number of employees | 11,700 (2018) |
| sales | 1.83 billion euros (2018) |
| Branch | Auditing , tax and business consulting |
| Website | www.kpmg.de |
KPMG Germany (officially KPMG AG Wirtschaftsprüfungsgesellschaft ) is an international company from the KPMG network in the areas of auditing , tax consulting and corporate and management consulting based in Berlin . The company is a founding member of KPMG Europe LLP.
KPMG Germany employs around 11,700 people at 25 locations.
Companies
KPMG Germany supports clients of all sizes and from all industries. The company is divided into the three business areas Audit (auditing), Tax (tax consulting) and Advisory (business and management consulting). There is also KPMG Rechtsanwaltsgesellschaft mbH, associated with KPMG AG Wirtschaftsprüfungsgesellschaft. KPMG has undertaken cross-divisional specialization for key economic sectors, with which, for example, (family) companies, the state and public authorities and the financial sector are to be advised.
In 2002, auditing accounted for the largest part of the company in terms of both number of employees and total sales - 40 percent of sales came from audit assignments. However, only ten percent of the profit is generated in the audit area. Legal, tax and management consultancy, on the other hand, made up 90 percent of the profit.
In the 2014 financial year, KPMG Germany generated total sales of 1.38 billion euros. KPMG audits the annual financial statements of 18 of the 30 companies in the DAX .
Locations are Augsburg , Berlin , Bielefeld , Bremen , Dortmund , Dresden , Düsseldorf , Essen , Frankfurt am Main , Freiburg im Breisgau , Hamburg , Hanover , Jena , Karlsruhe , Kiel , Cologne , Leipzig , Mainz , Mannheim , Munich , Nuremberg , Regensburg , Saarbrücken , Stuttgart and Ulm .
The largest branch with over 2000 employees is located in Germany's largest office building, The Squaire , in Frankfurt am Main. The headquarters of KPMG Europe LLP is also located here .
management
- 1890–1901 Bernhard Dernburg
- 1983–1985 Reinhard Goerdeler
- 1985–1998 Hans Havermann
- 1998-2005 Harald Wiedmann
- 2005–2011 Rolf Nonnenmacher
- 2011– Klaus Becker
KPMG Germany in the press
Flowtex
In the Flowtex scandal, KPMG audited the company's balance sheets. KPMG rejected the accusation that it had negligently overlooked the falsified drill stock. The public prosecutor's investigations that followed did not substantiate the allegation. In 2001 KPMG nonetheless paid DM 100 million out of court to the defrauded creditors, especially in light of the fact that a large number of the creditors were also KPMG clients.
Federal Ministry of Defense
In June 2014, KPMG was commissioned to monitor the major projects and work processes of the Federal Ministry of Defense .
Rhineland-Palatinate
During the sales negotiations for both the loss-making Nürburgring and Frankfurt-Hahn Airport by the State of Rhineland-Palatinate , KPMG consultants are said to have classified potential buyers as serious who actually weren't. A report published in April 2017 showed KPMG and Minister Roger Lewentz a number of “gross and gross negligence”. KPMG had fallen for an impostor.
Klardenker online portal
KPMG has also set up its own editorial team for business news in Germany. On the Klardenker portal, relevant news topics and opinion articles of the company appear for the auditing company.
Others
The company is confronted with criticism from the “Initiative Klassenkampf”, according to which methods of union busting are also used in company restructuring . According to the critics, for example, company splitting is recommended with the aim of avoiding works councils .
Cum-Ex
According to research by WDR , NDR and Süddeutscher Zeitung , KPMG consultants had been informed of a possible violation of rights by Varengold Bank through cum-ex transactions since 2009.
Web links
Individual evidence
- ↑ Auditor : "All Big Five involved in scandals" boerse-express.com, April 13, 2002, link to the Waybackmachine archive
- ↑ Easy. KPMG . KPMG short profile, February 27, 2015, p. 2, accessed on July 19, 2016 (pdf; 2.8 MB).
- ↑ Transparency report 2015 . KPMG AG Wirtschaftsprüfungsgesellschaft, March 31, 2015, pp. 33–35, accessed on July 19, 2016 (pdf; 601 kB).
- ↑ Dagmar Dehmer: Who has the damage . Der Tagesspiegel , June 4, 2005, accessed on July 19, 2016.
- ↑ Christoph Hickmann: Management consultants examine the Ministry of Defense. In: Süddeutsche Zeitung . June 19, 2014, accessed on July 19, 2016 : “The management consultancy KPMG is supposed to examine the defense sector in the Ministry of Defense. According to information from the Süddeutsche Zeitung (Friday edition), the company is given the task of analyzing the most important armaments projects and checking the suitability of the structures and processes in the ministry and the subordinate authorities. "
- ↑ Mario Thurnes: The question about the Hahn sales flop: Who advised us? - KPMG comes under fire . Allgemeine Zeitung , July 1, 2016, accessed on July 19, 2016.
- ↑ Susanne Höll: Very embarrassing calculation. The government of Rhineland-Palatinate is selling Hahn Airport - despite this, the SPD is only left with a feeling of disgrace. In: Süddeutsche Zeitung of April 27, 2017, p. 5.
- ↑ KPMG clear thinkers. Retrieved July 19, 2016 .
- ↑ Union Busting: When companies torpedo workers' rights . ( Memento of the original from April 2, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. Stuttgarter Tagblatt , February 27, 2015, accessed on July 19, 2016.
- ↑ tagesschau.de: "Cum-Ex" scandal: Error in the test system? Retrieved February 26, 2019 .
- ↑ The uncanny power of advisors. Retrieved February 26, 2019 .
