PracticeAccounting FirmsE&Y reports 11% global growth

E&Y reports 11% global growth

Ernst & Young has announced global fee income growth of 11% in US dollars taking worldwide revenues to $14.5bn (£7.9bn) for the year to June 2004.

Link: E&Y revenues grow 8% in ‘toughest market’

It represents a 3% fee income rise in local currency taking into account exchange rates.

Three service lines – audit, tax and corporate finance – help boost the Big Four firm’s results increasing revenues by $1.4bn (£0.8bn).

Its audit arm grew by 17% in US dollars with corporate finance not far behind at 14%, while the tax practice achieved just 2% growth.

The firm’s UK results will be released this Thursday.

James S Turley, E&Y chairman and CEO, said: ‘Despite a difficult world economy and the challenges our profession has faced our continued growth over a period of years has enabled us to continue to make investments in our quality-related policies and practices, performance systems, and training.’

Related Articles

EY director joins Crowe Clark Whitehill as partner

Accounting Firms EY director joins Crowe Clark Whitehill as partner

12h Emma Smith, Managing Editor
RSM announces growth across every business line in 2017

Accounting Firms RSM announces growth across every business line in 2017

3d Lucy Skoulding, Reporter
WorkStyle: Helping accountants to support new contractors

Accounting Firms WorkStyle: Helping accountants to support new contractors

1w ClearSky Accounting | Sponsored
Grant Thornton grows profits while radically reshaping portfolio

Accounting Firms Grant Thornton grows profits while radically reshaping portfolio

1w Alia Shoaib, Reporter
How to protect LLP firms from a damaging team move

Accounting Firms How to protect LLP firms from a damaging team move

1w Clive Greenwood, Lewis Silkin
Grant Thornton reports gender pay gap at 26.6%

Accounting Firms Grant Thornton reports gender pay gap at 26.6%

3w Alia Shoaib, Reporter
5 ways to adapt your accounting services for millennial clients

Accounting Firms 5 ways to adapt your accounting services for millennial clients

4w Receipt Bank | Sponsored
Smith & Williamson reports double digit growth

Accounting Firms Smith & Williamson reports double digit growth

4w Alia Shoaib, Reporter