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KPMG International

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uuid02lbl1m

Namestring
KPMG International
Legal namestring
KPMG International Limited
Websiteurl
home.kpmg
Company typeenum
Private
Founded yearint
1993
Descriptiontext

KPMG International Limited is a private English company limited by guarantee that serves as the coordinating entity for the global KPMG organization, a network of independent member firms operating across 145 countries. KPMG International itself provides no client services; instead, member firms deliver audit, tax, advisory, AI, ESG, and legal services to enterprise clients across financial services, healthcare, government, consumer retail, automotive, industrial manufacturing, and technology/travel. The China member firm, KPMG Huazhen LLP (based in Beijing), is one node in this network and is the entity behind the firmographics record (10,000+ employees, founded 1993).

The firm's core technology offering is KPMG Workbench, a proprietary multi-agent AI platform built on Microsoft Azure AI Foundry Services and backed by a multibillion-dollar AI and agentic transformation investment. Workbench features 50 active AI agents and chatbots with nearly 1,000 more in development, integrates tools from Oracle, Salesforce, ServiceNow, and Workday, and includes built-in data sovereignty features. It underpins KPMG's "Services as Software" delivery model — positioned as a software-encumbered evolution of traditional professional services — and is offered in private instances to enterprise clients. KPMG has also co-developed the AI Governance Principles for Boards with INSEAD Corporate Governance Centre and publishes a stream of research reports (Global AI Pulse, AI in Finance, Banking AI Report, Agentic AI Workforce, Payment Modernisation) that double as thought-leadership and lead-generation assets.

KPMG generates revenue through professional services engagements delivered directly by member firms, covering audit and assurance, tax compliance and transformation (including the KPMG Tax Reimagined offering), advisory, ESG, AI consulting, and legal services. Pricing is quote-based and not publicly disclosed, with engagement scope and complexity driving contract value. Go-to-market is sales-led through the global member-firm network and a flagship alliance with Microsoft plus Core alliances with Oracle, Salesforce, SAP, ServiceNow, and Workday for integrated enterprise technology delivery. Marketing relies on the KPMG Insights portal, webinars/webcasts, client case studies, newsroom PR, and recurring executive research publications. The firm is private, has no subsidiaries in the traditional equity sense, no funding rounds, and no IPO pathway, with revenue attributable to the coordinating entity itself effectively zero.

Short descriptiontext

KPMG International Limited coordinates the global KPMG network of independent member firms delivering audit, tax, advisory, AI, ESG, and legal services to enterprise clients across 145 countries, anchored by its proprietary KPMG Workbench multi-agent AI platform built on Microsoft Azure AI.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersBeijing, China
HQ citystring
Beijing
HQ countrystring
China
HQ regionstring
Asia
Markets served

Serves global market

Keyword5 values
professional services, audit and assurance, tax advisory, management consulting, enterprise AI services
Industry3 codes
1Transfer Pricing & International Tax Services
CodeBPAHABAIPrimaryYes
2Payroll Tax Filing, Compliance & Regulatory Reporting
CodeBPAAAHABPrimaryNo
3Revenue Intelligence, Analytics & Risk Management
CodeBPAIADALPrimaryNo
NAICS code3 codes
  • Accounting, Tax Preparation, Bookkeeping, and Payroll Services5412
  • Other Accounting Services541219
  • Offices of Certified Public Accountants541211
SIC code2 codes
  • Services-Management Services8741
  • Services-Computer Programming, Data Processing, Etc.7370
Product category
Professional Services
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Professional Services Revenue
TypeProfessional Services
Description

KPMG generates revenue through professional services including advisory, audit and assurance, tax, ESG, law, and AI consulting services delivered through its global network of member firms.

kpmg.com
2Tax Services
TypeProfessional Services
Description

Tax compliance, tax planning, and tax transformation services for enterprise clients, including tax function modernization and regulatory navigation.

kpmg.com
3Audit and Assurance
TypeProfessional Services
Description

Financial audit and assurance services for corporate clients, including audit fee negotiations and regulatory compliance.

kpmg.com
4AI and Technology Advisory
TypeProfessional Services
Description

AI consulting services including implementation, transformation, and agentic AI deployment for enterprise clients seeking to modernize operations.

kpmg.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

KPMG International coordinates a global network of member firms delivering audit and assurance, tax, advisory, ESG, legal, and AI consulting services to enterprise and government clients. Core service lines include tax compliance and transformation (e.g., KPMG Tax Reimagined), enterprise AI strategy and implementation via the proprietary KPMG Workbench multi-agent AI platform, and industry-specific advisory across financial services, healthcare, industrial manufacturing, automotive, retail, and the public sector. Revenue is generated through fee-based professional engagements delivered by member firms rather than by KPMG International itself.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 10 values shown
  • 82% of AI leaders report clear business value from AI
+9 more records
Product overview1 text field

KPMG International operates as a professional services firm offering a portfolio of research and technology-enabled services. The core product offering is KPMG Workbench, a multi-agent AI platform built on Microsoft Azure AI that serves as a digital workforce solution with 50 active AI agents and nearly 1,000 more in development. This platform underpins KPMG's next-generation AI-enabled service delivery model called Services as Software. The firm also offers the AI Board Governance Principles framework developed with INSEAD, KPMG Tax Reimagined for tax function transformation, and publishes regular research reports including Global AI Pulse, AI in Finance Report, Banking AI Report, and Payment Modernisation reports covering AI adoption trends across industries.

Product and service2 records
1KPMG Workbench
CategoryAI platform / technology product
Description

Multi-agent AI platform built on Microsoft Azure AI Foundry Services, featuring 50 active AI agents and chatbots with nearly 1,000 more in development. Integrates tools from Oracle, Salesforce, ServiceNow, and Workday, and is available via private instances to clients across industries to support development and management of digital workforces. Underpins KPMG's AI-enabled service delivery, including Services as Software offerings, with built-in data sovereignty features for client compliance.

2KPMG Tax Reimagined
CategoryTax advisory service
Description

A tax function transformation service that examines how the tax function is evolving to support growth, drive outcome-driven tax transformation, and create sustainable value for enterprise clients. Delivered by KPMG member firms to corporate tax departments seeking to modernize operations.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership7 partners
Strategic tierFlagshipTypeStrategic or Co-development PartnerAnnounced on2026-04-15
Description

Collaboration with INSEAD Corporate Governance Centre to develop AI Governance Principles for Boards. Five principles covering strategic oversight, technology and security oversight, workforce transformation, trustworthy AI standards, and board governance evolution.

Strategic tierFlagshipTypeTechnology or IntegrationAnnounced on2026-03-29
Description

KPMG Workbench built on Microsoft Azure AI and Azure AI Foundry Services. Multibillion-dollar investment in AI and agentic transformation leveraging Microsoft cloud infrastructure.

Strategic tierFlagshipTypeTechnology or IntegrationAnnounced on2025-06-18
Description

KPMG Workbench platform built on Microsoft Azure AI Foundry Services, integrated with Microsoft's enterprise AI capabilities for KPMG's digital workforce transformation.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-06-18
Description

Alliance partner integrated into KPMG Workbench platform for enterprise technology solutions.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-06-18
Description

Alliance partner integrated into KPMG Workbench platform for customer relationship and enterprise solutions.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-06-18
Description

Alliance partner integrated into KPMG Workbench platform for enterprise workflow and service management solutions.

Strategic tierCoreTypeTechnology or IntegrationAnnounced on2025-06-18
Description

Alliance partner integrated into KPMG Workbench platform for financial and HR management solutions.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Big Four peer providing audit, tax, advisory, and consulting with a comparable global member-firm structure and significant AI advisory investments (EY.ai). Competes head-to-head across tax transformation and enterprise AI deployments.

TypeDirect peer
Description

International audit, tax, and advisory firm operating across multiple jurisdictions with integrated member-firm structure comparable to KPMG's, competing in cross-border tax and advisory engagements.

TypeDirect peer
Description

International accounting and advisory network providing audit, tax, and consulting services to mid-market and growth-stage enterprises with similar AI advisory offerings.

TypeBroad incumbent
Description

Global consulting and technology services giant that overlaps with KPMG on large-scale enterprise transformation, AI implementation, and managed services; not a direct audit/tax peer but increasingly competing for the same AI advisory wallet.

TypeEmerging player
Description

Global consulting firm specializing in internal audit, risk, technology, and AI advisory; competes directly with KPMG's risk consulting and AI governance practices, including board-level advisory work.

TypeDirect peer
Description

Large international accounting and advisory network competing primarily in mid-market audit, tax, and advisory; relevant comparable for KPMG's mid-market enterprise and SME-facing service lines across multiple geographies.

TypeDirect peer
Description

Global audit, tax, and consulting network focused on mid-market enterprises; comparable member-firm structure and overlapping tax, advisory, and AI-enabled service delivery model.

TypeDirect peer
Description

Big Four competitor delivering audit, tax, and advisory services globally with comparable AI investment programs and similar enterprise-scale agentic platforms. Directly competes for the same multinational tax, audit, and transformation engagements.

TypeDirect peer
Description

Global advisory, tax, and assurance network with mid-market focus and growing AI advisory practice; comparable in service mix and enterprise client profile outside the top-tier Big Four.

TypeDirect peer
Description

One of the Big Four global professional services networks offering audit, tax, advisory, and consulting with comparable multi-agent AI platforms (e.g., Ascend) and similar Microsoft/Oracle alliances. Closest direct competitor across audit, tax, and enterprise AI advisory.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat7 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment6 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile5 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration5 records

Each record includes

Title, Type, Description, Source

AI capability9 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

KPMG International

Professional Serviceshome.kpmg

KPMG International Limited coordinates the global KPMG network of independent member firms delivering audit, tax, advisory, AI, ESG, and legal services to enterprise clients across 145 countries, anchored by its proprietary KPMG Workbench multi-agent AI platform built on Microsoft Azure AI.

What KPMG International does

KPMG International Limited is a private English company limited by guarantee that serves as the coordinating entity for the global KPMG organization, a network of independent member firms operating across 145 countries. KPMG International itself provides no client services; instead, member firms deliver audit, tax, advisory, AI, ESG, and legal services to enterprise clients across financial services, healthcare, government, consumer retail, automotive, industrial manufacturing, and technology/travel. The China member firm, KPMG Huazhen LLP (based in Beijing), is one node in this network and is the entity behind the firmographics record (10,000+ employees, founded 1993).

The firm's core technology offering is KPMG Workbench, a proprietary multi-agent AI platform built on Microsoft Azure AI Foundry Services and backed by a multibillion-dollar AI and agentic transformation investment. Workbench features 50 active AI agents and chatbots with nearly 1,000 more in development, integrates tools from Oracle, Salesforce, ServiceNow, and Workday, and includes built-in data sovereignty features. It underpins KPMG's "Services as Software" delivery model — positioned as a software-encumbered evolution of traditional professional services — and is offered in private instances to enterprise clients. KPMG has also co-developed the AI Governance Principles for Boards with INSEAD Corporate Governance Centre and publishes a stream of research reports (Global AI Pulse, AI in Finance, Banking AI Report, Agentic AI Workforce, Payment Modernisation) that double as thought-leadership and lead-generation assets.

KPMG generates revenue through professional services engagements delivered directly by member firms, covering audit and assurance, tax compliance and transformation (including the KPMG Tax Reimagined offering), advisory, ESG, AI consulting, and legal services. Pricing is quote-based and not publicly disclosed, with engagement scope and complexity driving contract value. Go-to-market is sales-led through the global member-firm network and a flagship alliance with Microsoft plus Core alliances with Oracle, Salesforce, SAP, ServiceNow, and Workday for integrated enterprise technology delivery. Marketing relies on the KPMG Insights portal, webinars/webcasts, client case studies, newsroom PR, and recurring executive research publications. The firm is private, has no subsidiaries in the traditional equity sense, no funding rounds, and no IPO pathway, with revenue attributable to the coordinating entity itself effectively zero.

KPMG International firmographics

Firmographics
Name
KPMG International
Legal name
KPMG International Limited
Website
https://home.kpmg
Company type
Private
Founded year
1993
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
KPMG International Limited coordinates the global KPMG network of independent member firms delivering audit, tax, advisory, AI, ESG, and legal services to enterprise clients across 145 countries, anchored by its proprietary KPMG Workbench multi-agent AI platform built on Microsoft Azure AI.
Ownership category
akta.pro rank

KPMG International industry classification

Industry
Product category
Professional Services
NAICS
Accounting, Tax Preparation, Bookkeeping, and Payroll Services (5412), Other Accounting Services (541219), Offices of Certified Public Accountants (541211)
SIC
Services-Management Services (8741), Services-Computer Programming, Data Processing, Etc. (7370)
akta.pro primary industry
Transfer Pricing & International Tax Services (BPAHABAI)
akta.pro secondary industries
Payroll Tax Filing, Compliance & Regulatory Reporting (BPAAAHAB), Revenue Intelligence, Analytics & Risk Management (BPAIADAL)

Keywords

  • Professional services
  • Audit and assurance
  • Tax advisory
  • Management consulting
  • Enterprise AI services

Where KPMG International is headquartered

Location

Headquarters

HQ city
Beijing
HQ country
China
HQ region
Asia

Markets served

KPMG International business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

  1. Professional Services Revenue: KPMG generates revenue through professional services including advisory, audit and assurance, tax, ESG, law, and AI consulting services delivered through its global network of member firms.
  2. Tax Services: Tax compliance, tax planning, and tax transformation services for enterprise clients, including tax function modernization and regulatory navigation.
  3. Audit and Assurance: Financial audit and assurance services for corporate clients, including audit fee negotiations and regulatory compliance.
  4. AI and Technology Advisory: AI consulting services including implementation, transformation, and agentic AI deployment for enterprise clients seeking to modernize operations.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

KPMG International product offering

Product offering

Core offering

KPMG International coordinates a global network of member firms delivering audit and assurance, tax, advisory, ESG, legal, and AI consulting services to enterprise and government clients. Core service lines include tax compliance and transformation (e.g., KPMG Tax Reimagined), enterprise AI strategy and implementation via the proprietary KPMG Workbench multi-agent AI platform, and industry-specific advisory across financial services, healthcare, industrial manufacturing, automotive, retail, and the public sector. Revenue is generated through fee-based professional engagements delivered by member firms rather than by KPMG International itself.

Product overview

KPMG International operates as a professional services firm offering a portfolio of research and technology-enabled services. The core product offering is KPMG Workbench, a multi-agent AI platform built on Microsoft Azure AI that serves as a digital workforce solution with 50 active AI agents and nearly 1,000 more in development. This platform underpins KPMG's next-generation AI-enabled service delivery model called Services as Software. The firm also offers the AI Board Governance Principles framework developed with INSEAD, KPMG Tax Reimagined for tax function transformation, and publishes regular research reports including Global AI Pulse, AI in Finance Report, Banking AI Report, and Payment Modernisation reports covering AI adoption trends across industries.

Differentiator

Problem solved

Functional benefit

Products and services

  • KPMG Workbench Multi-agent AI platform built on Microsoft Azure AI Foundry Services, featuring 50 active AI agents and chatbots with nearly 1,000 more in development. Integrates tools from Oracle, Salesforce, ServiceNow, and Workday, and is available via private instances to clients across industries to support development and management of digital workforces. Underpins KPMG's AI-enabled service delivery, including Services as Software offerings, with built-in data sovereignty features for client compliance.
  • KPMG Tax Reimagined A tax function transformation service that examines how the tax function is evolving to support growth, drive outcome-driven tax transformation, and create sustainable value for enterprise clients. Delivered by KPMG member firms to corporate tax departments seeking to modernize operations.

Quantifiable outcome

  • 82% of AI leaders report clear business value from AI
  • +9 more outcomes

Companies that use KPMG International

Customer profile

Named customers1 record

Segments6 records

Ideal customer profiles5 records

KPMG International technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability9 records

Feature3 records

KPMG International partnerships and signals

Strategic signal

Partnerships

Seven partnerships are on record, tiered flagship and core.

  • INSEADflagshipStrategic or Co-development Partner · 15 April 2026Collaboration with INSEAD Corporate Governance Centre to develop AI Governance Principles for Boards. Five principles covering strategic oversight, technology and security oversight, workforce transformation, trustworthy AI standards, and board governance evolution.
  • MicrosoftflagshipTechnology or Integration · 29 March 2026KPMG Workbench built on Microsoft Azure AI and Azure AI Foundry Services. Multibillion-dollar investment in AI and agentic transformation leveraging Microsoft cloud infrastructure.
  • MicrosoftflagshipTechnology or Integration · 18 June 2025KPMG Workbench platform built on Microsoft Azure AI Foundry Services, integrated with Microsoft's enterprise AI capabilities for KPMG's digital workforce transformation.
  • OraclecoreTechnology or Integration · 18 June 2025Alliance partner integrated into KPMG Workbench platform for enterprise technology solutions.
  • SalesforcecoreTechnology or Integration · 18 June 2025Alliance partner integrated into KPMG Workbench platform for customer relationship and enterprise solutions.
  • ServiceNowcoreTechnology or Integration · 18 June 2025Alliance partner integrated into KPMG Workbench platform for enterprise workflow and service management solutions.
  • WorkdaycoreTechnology or Integration · 18 June 2025Alliance partner integrated into KPMG Workbench platform for financial and HR management solutions.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

KPMG International competitors and assessment

Company assessment

Direct peers

  • Ernst & Young (EY): Big Four peer providing audit, tax, advisory, and consulting with a comparable global member-firm structure and significant AI advisory investments (EY.ai). Competes head-to-head across tax transformation and enterprise AI deployments.
  • Mazars: International audit, tax, and advisory firm operating across multiple jurisdictions with integrated member-firm structure comparable to KPMG's, competing in cross-border tax and advisory engagements.
  • Grant Thornton: International accounting and advisory network providing audit, tax, and consulting services to mid-market and growth-stage enterprises with similar AI advisory offerings.
  • BDO Global: Large international accounting and advisory network competing primarily in mid-market audit, tax, and advisory; relevant comparable for KPMG's mid-market enterprise and SME-facing service lines across multiple geographies.
  • RSM International: Global audit, tax, and consulting network focused on mid-market enterprises; comparable member-firm structure and overlapping tax, advisory, and AI-enabled service delivery model.
  • PricewaterhouseCoopers (PwC): Big Four competitor delivering audit, tax, and advisory services globally with comparable AI investment programs and similar enterprise-scale agentic platforms. Directly competes for the same multinational tax, audit, and transformation engagements.
  • Baker Tilly: Global advisory, tax, and assurance network with mid-market focus and growing AI advisory practice; comparable in service mix and enterprise client profile outside the top-tier Big Four.
  • Deloitte: One of the Big Four global professional services networks offering audit, tax, advisory, and consulting with comparable multi-agent AI platforms (e.g., Ascend) and similar Microsoft/Oracle alliances. Closest direct competitor across audit, tax, and enterprise AI advisory.

Broad incumbents

  • Accenture: Global consulting and technology services giant that overlaps with KPMG on large-scale enterprise transformation, AI implementation, and managed services; not a direct audit/tax peer but increasingly competing for the same AI advisory wallet.

Emerging players

  • Protiviti: Global consulting firm specializing in internal audit, risk, technology, and AI advisory; competes directly with KPMG's risk consulting and AI governance practices, including board-level advisory work.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

KPMG International financial estimates

Financial estimate

Revenue estimate

Valuation estimate

KPMG International leadership team

Management profile

Number of profiles

KPMG International funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

KPMG International M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KPMG International

What does KPMG International do?

KPMG International coordinates a global network of member firms delivering audit and assurance, tax, advisory, ESG, legal, and AI consulting services to enterprise and government clients. Core service lines include tax compliance and transformation (e.g., KPMG Tax Reimagined), enterprise AI strategy and implementation via the proprietary KPMG Workbench multi-agent AI platform, and industry-specific advisory across financial services, healthcare, industrial manufacturing, automotive, retail, and the public sector. Revenue is generated through fee-based professional engagements delivered by member firms rather than by KPMG International itself.

Is KPMG International a public or private company?

KPMG International is a private company. It is classified as management employee owned and is currently operating.

When was KPMG International founded?

KPMG International was founded in 1993. It employs 5,001 to 10,000 people.

Where is KPMG International based?

KPMG International is headquartered in Beijing, China, in the Asia region.

How does KPMG International make money?

Four revenue lines are on record. Professional Services Revenue is the primary driver. The others are tax Services, audit and Assurance and AI and Technology Advisory.

Who are KPMG International's main competitors?

Direct peers on record are Ernst & Young (EY), Mazars, Grant Thornton, BDO Global, RSM International, PricewaterhouseCoopers (PwC), Baker Tilly and Deloitte. Accenture is listed as a broad incumbent. Protiviti is listed as an emerging player.

Does KPMG International have an API?

No public API is recorded for KPMG International.

What industry is KPMG International in?

KPMG International's product category is Professional Services. Its primary akta.pro industry code is BPAHABAI, Transfer Pricing & International Tax Services, with a secondary code of BPAAAHAB, Payroll Tax Filing, Compliance & Regulatory Reporting. Its NAICS code is 5412 and its SIC code is 8741.

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Live signals
JiemianFined 29.02 million yuan! The Shenyang chemical case exposes professional loopholes, and KPMG Huazhen faces administrative penalties.KPMG Huazhen was fined 29.02 million yuan for securities business violations. The CSRC data shows 100 accounting firms earned 62.449 billion yuan in 2025, with securities services at 15.862 billion yuan. KPMG Huazhen's audit revenue rose over 17% to 4.869 billion yuan, with securities services at 1.120 billion yuan.Stock TitanEHang Names KPMG Huazhen as New AuditorEHang Holdings Limited dismissed its independent auditor PricewaterhouseCoopers Zhong Tian LLP and engaged KPMG Huazhen LLP to audit its financial statements for the fiscal year ending December 31, 2026. The company confirmed that there were no disagreements with PwC regarding accounting principles or auditing procedures, although a material weakness was disclosed in the 2025 annual report. This administrative change in auditors is effective as of August 19, 2026.AutonewsSoftware-defined vehicles reshape automotive industry from manufacturing to repairSoftware-defined vehicles are transforming the automotive industry by shifting focus from hardware to digital products that improve over time, fundamentally altering design, sales, and maintenance processes. According to KPMG International, this shift could add up to $2 trillion in annual value to the industry by the mid-2030s.Financial PostMatthew Lau: Maybe AI can solve tax complexityStatistics Canada's accounting services price index shows the cost of tax preparation for individuals and unincorporated businesses rose 45.0 per cent since 2023, significantly outpacing the 2.1 per cent CPI increase, with total tax compliance costs estimated at $4.2 billion for the 2022 tax year. KPMG International successfully negotiated a 14 per cent reduction in its annual audit fee with Grant Thornton UK by leveraging AI efficiency arguments, though KPMG indicated it would not pass similar savings to its own clients. The author argues that while AI may help reduce some accounting costs, only government simplification of the tax system can meaningfully address the underlying complexity driving rising compliance expenses.Fortune IndiaThe next edge in Indian retail is not how you pay, but who you partner withIndian retailers are shifting from treating payments as a transactional cost function to viewing them as strategic, outcome-driven partnerships with banks, fintechs, and payment providers, as the complexity of India's payment landscape demands deeper collaboration. A KPMG International report found that retailers classified as payment leaders report up to four times more business benefits from payment modernisation compared to those at early stages, including higher approval rates, lower cart abandonment, and improved customer loyalty. The article argues that India's scale amplifies both opportunity and risk in payment ecosystems, urging retail leaders to integrate payment partners into strategic discussions early alongside customer experience and growth initiatives.Portfolio AdviserKPMG International appoints asset management headKPMG International appointed David Neuenhaus as global sector head of asset management, succeeding Jim Suglia. Neuenhaus, a US principal with 15 years at KPMG, will retain his US line-of-business role. He cited the industry's transformation and KPMG's network as key factors.Motor India OnlineKPMG International’s Auto and manufacturing CEOs bet big on AI amid uncertain global landscape – MotorindiaKPMG International released its Industrial Manufacturing and Automotive CEO Outlook 2025, surveying 230 CEOs globally on their growth outlook amid geopolitical uncertainty, energy transition, and technological disruption. The survey found 87% of automotive CEOs and 81% of industrial manufacturing leaders expressed confidence in industry growth, with 81% of automotive and 68% of industrial manufacturing CEOs identifying AI as a top investment priority and nearly 70% planning to allocate 10–20% of budgets to AI and digital technologies. The report highlights supply chain resilience as the top operational priority and notes that India presents a critical inflection point with strong domestic demand but companies under pressure to decarbonize and accelerate digital adoption.India.comIndian banks benefit from AI‑driven operating models: ReportKPMG International released a report stating that Indian banks are benefiting from sustained credit growth, deeper digital infrastructure, and rapid AI adoption, positioning them at par with global banking peers in scaling AI from pilots to enterprise use. The report, based on a survey of 110 global Banking and Capital Markets CEOs, found that 65% rank AI as a top investment priority, 70% plan to allocate 10-20% of budgets to AI, and 59% expect agentic AI to have a transformational impact. The report also highlighted that 86% of CEOs cited cyber insecurity as the top growth threat, while 83% are prioritizing reskilling for AI over the next three years.KPMGKPMG InternationalThe article discusses KPMG International's emphasis on supporting organizations in improving their efficiency and risk management strategies amid evolving global challenges. It highlights the need for innovative approaches to risk and regulatory compliance in a complex intersection of finance, trade, technology, and environment.Trade ArabiaKPMG's global revenue surges to record $29bnKPMG International reported record global revenues of $29 billion for the fiscal year ending September 30, 2018, marking a 7.1 percent increase in local currency terms. The firm achieved double-digit growth across its core functions, with Advisory services expanding by 9.9 percent and Audit revenues rising by 4.8 percent. Additionally, KPMG announced a multi-year investment program exceeding US$4 billion to focus on transformative technologies such as artificial intelligence and cyber security.