Over a third (39%) of KPMG's revenue comes from management consulting services. KPMG has an entire arm of the company that is classified as "Advisory" (aka consulting), of which M&A is a big part of, and it is completely separated from the accounting/audit arms.
All of the Big 4 "accounting firms" actually also house the largest consulting companies in the world, but somehow their old reputation of being "primarily an accountant / auditor" keeps sticking.
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Over a third (39%) of KPMG's revenue comes from management consulting services. KPMG has an entire arm of the company that is classified as "Advisory" (aka consulting), of which M&A is a big part of, and it is completely separated from the accounting/audit arms.
All of the Big 4 "accounting firms" actually also house the largest consulting companies in the world, but somehow their old reputation of being "primarily an accountant / auditor" keeps sticking.