Praxity revenues up 11.8% in 2011
Surge in Asia Pacific accounting firm revenues helps Praxity alliance buck the economic slowdown in the West
Surge in Asia Pacific accounting firm revenues helps Praxity alliance buck the economic slowdown in the West
PRAXITY, a global alliance of accounting firms, said that its members’ revenues increased by 11.8% increase in 2011.
The alliance – whose members include Mazars, IFM Trust in Jersey, the Channel Islands, and MNP, a top-10 Canadian firm – said that its collective revenue increased from $3.3bn (£2.11bn) in 2010 to US $3.7bn (£2.37bn) in 2011.
Member firms’ audit and accountancy revenue rose by 16.1% and tax services 9.6%. Corporate recovery revenue grew by 43.7% and management consulting by 12.2%.
By region, firms’ revenue soared by 82% in Asia Pacific, 13.6% in Africa & Middle East, 11.7% in Latin America, 10.9% in North America and 2.9% in Europe.
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