FACULTY OF BUSINESS AND DEVELOPMENT STUDIES
BACHELOR OF BUSINESS ADMINISTRATION
CONSULTANCY SKILLS (306)
A dilemma however exist in the work of consulting in the sense that since its extremely debatable whether consultancy is a profession on its own or not, how can it be subjected or answerable to professional requirements. Present your reaction in strictly a six (6)-page write up typed under New Times Roman font-age of 12 and (1.5) spacing and submit it in after thirty (30) days.
Egyeyu Consulting Limited
P.O Box 22456,
10th March, 2012
RE: CONSULTANCY A PROFESSION OR NOT-ACASE OF KPMG
1.0 Background of KPMG
The firm was established in 1870 when William Barclay Peat formed an accounting firm in London. In 1877 accountancy firm Thomson McLintock opened an office in Glasgow and in 1911 William Barclay Peat & Co. and Marwick Mitchell & Co. merged to form Peat Marwick Mitchell & Co, later known as Peat Marwick. Meanwhile in 1917 Piet Klijnveld opened his accounting-firm in Amsterdam. Later he merged with Kraayenhof to form Klynveld Kraayenhof & Co.
In 1979 Klynveld Kraayenhof & Co. (Netherlands), Thomson McLintock (United States) and Deutsche Treuhandgesellschaft (Germany) formed KMG (Klynveld Main Goerdeler) as a grouping of independent national practices to create a strong European-based international firm. Then in 1987 KMG and Peat Marwick joined forces in the first mega-merger of large accounting firms and formed a firm called KPMG in the US, and most of the rest of the world, and Peat Marwick McLintock in the UK.
In 1990 the two firms settled on the common name of KPMG Peat Marwick McLintock but in 1991 the firm was renamed KPMG Peat Marwick and in 1999 the name was