What does the "KPMG" on phil mickelsons hat stand for?

Phil Mickelson’s hat bears the name of his sponsor, KPMG LLP, one of the largest professional services firms in the world.

KPMG was formed from the mergers of Klyveld Kraayenhof and Company, Peat Marwick International, McLintock Main Lafrentz and Deutsche Treuhand Gesellschaft.

Under the sponsorship agreement, Mickelson must wear the KPMG logo on his headgear for all golf-related appearances.

According to New York Daily News, Phil Mickelson hits terrible shot on 10th hole at PGA Championship. Mickelson, who found himself deep in the rough after his tee shot on the 424-yard hole at Oak Hill, sized up his second shot and connected for a dribbler that went all of six feet.

Updated on Monday, August 19 2013 at 09:21AM EDT