1897 – Thomas Marwick and the Growth of Professional Auditing

Thomas Marwick was one of the founders of Marwick, Mitchell & Co., established in 1897. The firm built a strong reputation for independent auditing and financial assurance, helping businesses meet the growing demand for reliable financial reporting during a period of rapid industrial and commercial expansion.

Marwick believed that high-quality audits were essential for maintaining confidence among investors, lenders and shareholders. His firm's commitment to accuracy, professional ethics and consistent audit practices helped raise standards across the accounting profession and supported greater corporate transparency.

As businesses became larger and more complex, Marwick, Mitchell & Co. expanded internationally, providing audit, accounting and advisory services to organisations operating across multiple markets. The firm's continued growth eventually led to its merger into what is now KPMG, one of the world's leading professional services firms.

Thomas Marwick's contribution helped establish many of the principles that continue to underpin modern auditing, financial reporting and corporate governance today.

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