The company achieved good results in the year across all its functional businesses. Audit Services rose to $5.68 billion, up 20.3%, while Tax Services reached $3.31 billion, an increase of 8.9%. The Advisory Services business recorded $3.17 billion, a rise of 7.1%.
On a geographic basis, KPMG achieved its strongest regional gains in Asia Pacific, where revenue rose to $1.24 billion, an increase of 25.3%. In Europe, the Middle East and South Asia, and Africa, revenue reached $6.29 billion, a gain of 15.2%, while the Americas revenue gained 8.4% to $4.63 billion.
Mike Rake, Chairman of KPMG International, commented: We’re pleased with our organization’s overall performance during a period of global economic difficulty and uncertainty, and another challenging year for the profession. This double-digit growth was achieved in a changing landscape of regulatory, legislative and market reform – amidst equally changing roles for audit committees, managements and auditors.