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KPMG reveals strong global growth

New services, acquisitions and growth across core areas of operation have driven a year of strong growth for KPMG, the company has announced.

News Mitchell Turner 15 December 2015
— 1 minute read

KPMG International has revealed aggregated network revenues of US$24.44 billion for the fiscal year ending 30 September 2015, representing an 8.1 per cent increase in local currency terms.

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The firm attributed the results to a strong, multi-year US$1 billion investment program in data and analytics (D&A) new technologies, and record hiring numbers.

KPMG’s global workforce now stands at 174,000, with a record 24,000 new graduates joining the firm over the period.

“This has been an exciting year for KPMG, as we have continued to innovate and invest at a record pace to meet rapidly changing global business demands,” said John Veihmeyer, KPMG International chairman.

“The breadth of services offered to clients has expanded considerably, with significant investment in new technologies such as real-time D&A, a record number of acquisitions, and bringing on board thousands of new, highly talented professionals,” he added.

The results indicate particularly strong growth in the Americas (13.6 per cent) and the Asia-Pacific regions (8.2 per cent). KPMG Australia also proved to be one of the top performers in the region with reported growth of 10.6 per cent.

Audit (6.1 per cent), tax (9.9 per cent) and advisory (9.2 per cent) services all reported significant growth, representing strong demand across all facets of the business.

Mr Veihmeyer particularly praised the firm’s growth within the audit space, noting the impact that European Union audit reforms have created, driving an unprecedented level of audit tenders in the EU.

“The audit market has never been more competitive, and we are seeing an increasingly dynamic market with more frequent tenders,” said Mr Veihmeyer.

“Our significant multi-year investment in audit is focused on harnessing the power of D&A, aimed at enabling our audit teams to dig deeper into the data, and producing greater insights about the businesses we audit to further enhance the quality of the KPMG audit,” he said.

KPMG reveals strong global growth
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