Germany Calls for Developing Economic Ties with Iran Through KPMG
According to IRNA News Agency, Germany is after developing economic relations with Iran, Ulrich von Zanthier, Financial Services Director of “KPMG” company said.
Zanthier made the remarks Sunday in an interview with the Islamic Republic News Agency (IRNA) on the sidelines of Iran-Europe trade conference held in Tehran.
Three German banks are now working with Iran, he said. Due to various capacities of Iran, Germany calls for developing ties and investment with Iran, he added.
Commenting on proficiency of Iran deal after US withdrawal, he said its proficiency depends on two factors first whether US walks away from the deal and second how walking away happens.
In response to a question whether contracts between Iran and European countries will be in place after US withdrawal, Zanthier said it depends on the articles of the agreements but if they cannot continue cooperation they have to leave Iran.
KPMG is a professional service company and one of the Big Four auditors, along with Deloitte, Ernst & Young, and PricewaterhouseCoopers.
Seated in Amstelveen, the Netherlands, KPMG employs 189,000 people and has three lines of services: financial audit, tax, and advisory. Its tax and advisory services are further divided into various service groups.
The name “KPMG” stands for “Klynveld Peat Marwick Goerdeler.” It was chosen when KMG (Klynveld Main Goerdeler) merged with Peat Marwick in 1987.
The organization’s history spanned three centuries. In 1818 John Moxham opened a company in Bristol. James Grace and James Grace Jr. bought John Moaxham & Co. and renamed it James Grace & Son in 1857. In 1861 Henry Grace joined James Jr. and the company was renamed James & Henry Grace. William Barclay Peat joined Robert Fletcher & Co. in London at 17 and became head of the firm in 1891, renamed William Barclay Peat & Co. by then. In 1877 Thomson McLintock founded Thomson McLintock & Co in Glasgow. In 1897 Marwick Mitchell & Co. was founded by James Marwick and Roger Mitchell in New York City. In 1899 Ferdinand William LaFrentz founded the American Audit Co., in New York.
On the other side of the Atlantic, in about 1913, Frank Wilber Main founded Main & Co. in Pittsburgh. In March 1917 Piet Klijnveld and Jaap Kraayenhof opened an accounting firm called Klynveld Kraayenhof & Co. in Amsterdam. In 1920 Philipp Derbyshire & Gerald Todd became partners in James & Henry Grace and it was renamed to Grace, Darbyshire, & Todd.
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