KPMG is still KPMG!
Management advisory service is still an assurance service provided by KPMG. Bearing Point is the consulting arm that spinned off from KPMG and is now a public company, although KPMG owns a 20% stake in the company. KPMG still exists and is very healthy.
I interviewed with KPMG in Michigan and found the firm was not what I was looking for. Althouth they are very small in the Detroit area, they are the second largest Big4 Accounting firm in revenue behind PwC. Clients include Xerox and DaimlerChrysler.
Great firm, although they are under heavy fire from the SEC. Nothing major to worry about though, good luck with your job search.
To clarify, all the accounting firms have sold or separated from their consulting arms to strengthen independence from its audit clients:
Andersen Consulting became Accenture
KPMG Consulting became Bearing Point
Ernst & Young Consulting became Cap Gemini Ernst & Young
PwC sold its consulting practice to IBM
Deloitte Consulting became Braxton
Anymore questions regarding the public accounting profession, feel free to shoot me a PM. I'm sure TChen can help you also.