KPMG Plans Mergers of Affiliates to Boost Growth, Audit Quality

KPMG plans to consolidate dozens of its smallest global affiliates into larger hubs in a bid to shore up audit compliance and expand service offerings.

The combinations would build on similar efforts announced last year that merged the Big Four firm’s UK and Swiss arms and consolidated two Middle East affiliates spanning six countries, according to a person familiar with KPMG’s strategy.

“Greater integration of our businesses brings a number of benefits to our clients, people and the capital markets. Importantly, it underpins our commitment to greater consistency and quality,” Gary Wingrove, chief operating officer of KPMG International, said in ...