Definition: KPMG stands for "KPMG Services, a global network of independent auditors." It's short for KPMG Peat Marwick, which started as two firms in London, England in 1909. The firm has grown significantly to include over 5,300 partners and more than 2,600 consultants worldwide. Today, it offers a wide range of services from audit, tax, advisory, and consulting across industries, helping organizations achieve their objectives.