Deloitte’s combined member firm revenues for the 2006 fiscal year are
expected to exceed $20bn (£11bn), according to its global chief executive
Speaking at the Deloitte Annual World Meeting in Singapore, William G.
Parrett, said that all services – audit, tax, financial advisory and
consultative services – had experienced near double-digit growth, or more.
Parrett also said that better audits and further regulatory changes aimed at
improving transparency were needed to tackle corporate fraud, build stronger
capital markets and sustain Deloitte businesses over the long term.
He said improving audit quality requires a ‘two-pronged approach’, with
Deloitte’s 250 member firms continuing to improve their own audits, as well as
advocating for regulatory changes where necessary.
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