KPMG global revenues climb 7.6%

KPMG firm's global revenues grew by 7.6% to $16.9bn (£8.6bn) for the year ended 30 September 2006.

Asia Pacific was KPMG’s fastest-growing region with growth of 13.7%, followed by Europe, Middle East and Africa (12.4%) and Americas (4.3%). The EMEA region was worth $8.8bn to the firm over the last year.

'Overall, this has been another strong year for KPMG, marked by exceptional performances in some of the key areas of the world,' said KPMG International chairman Mike Rake.

Advisory was the fastest growing service line at 12.9%, which chief executive Mike Wareing believes vindicated the firm's decision to create a global advisory division.

Wareing said: 'We saw opportunities in some of the fast-developing markets early, and have invested carefully. We are now starting to reap the rewards of those decisions. We also saw increased activity in our firms’ advisory practices, because of buoyant global stock markets.'

Combined revenues for audit, at $8.3bn, rose by 8.9%, and tax services grew by 6.4% to $3.3bn.

In local currency terms KPMG's revenue grew by 9.6% over the period.

Further reading:

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