Advisory remained the firm’s largest business, contributing 52 per cent of revenue, with audit contributing 32 per cent and tax 16 per cent.
However, KPMG’s management consulting division grew the most, with 33 per cent growth, in addition to adding workplace relations and corporate affairs advisory services to the division.
Advisory services grew by 20 per cent across its three service lines – management consulting, risk consulting and deal advisory – which all grew during the year.
KPMG Australia chief executive Gary Wingrove said he was pleased with the results.
“We’re extremely pleased with the outcomes, which reflect the commitment and contribution of our people and partners,” he said.
KPMG said it will accelerate the implementation of its new digital strategy, having recently appointed a chief digital officer.
“We recognise the impacts of the pace and nature of change, and are navigating the challenges of disruption and innovation,” Mr Wingrove said.
“We’ll continue to focus on our key investment areas, including a strong focus on our people-based performance and innovation initiative aimed at enhancing our ability to think differently, and embracing the disruptive era.”