2017 International Annual Review | KPMG | TT

2017 International Annual Review

2017 International Annual Review

KPMG International has announced solid year-on-year growth of 4.8 percent, leading to record global revenues of US $26.40 billion. The results, announced on December 14, 2017, demonstrate strong growth across core services and regions, driven by client-focused investments in innovation, alliances and people.

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IAR 2017

KPMG International announces record revenues of US $26.40 billion

The International Annual Review (IAR) provides clients, future clients, the media, regulators, potential recruits and our people with an overview of the past financial year for KPMG. It reinforces our responsibility and commitment to build public trust in everything we do and showcases the ways in which we are harnessing innovation and market-leading technology to help clients solve some of their most pressing issues

KPMG International has announced solid year-on-year growth of 4.8 percent, leading to record global revenues of US $26.40 billion. The results, announced on December 14, 2017, demonstrate strong growth across core services and regions, driven by client-focused investments in innovation, alliances and people.

“The KPMG network grew strongly while continuing to transform to meet the rapidly changing demands of clients. We are making significant, strategic investments across Audit, Tax and Advisory in technology and innovative services where clients are facing their greatest challenges and disruption,” said Bill Thomas, Chairman, KPMG International.

Some key highlights:

  • Strong regional growth: Americas revenues grew by 4.4 percent, with Tax achieving a 6.7 percent increase. Asia Pacific delivered strong growth, with revenues increasing by 8.1, driven by double-digit growth in Advisory. EMA revenues increased by 4.0 percent.
 
  • Audit revenues rose by 3.1 percent to US$10.39 billion, spurred by a number of important audit appointments across the globe, particularly in Europe, where the impact of the second full year of EU audit reforms continued to drive increased movement of audit engagements.

 

  • Tax revenues grew 5.9 percent over the previous year to US$5.83 billion, driven by high demand for tax compliance services, as well as international and M&A-related services, in all three regions.
 
  • Advisory revenues for the year were up by 6.0 percent to US$10.18 billion, reflecting an increased demand for expertise and deep industry knowledge to better manage their risks, and plan and execute their strategy to drive growth.
 
  • Investments in future growth totaling more than US$1 billion, focused particularly on Data & Analytics,, strategy, cyber security, digital labor and audit.
 
  • Growing the global workforce to a record 197,263 partners and staff including more than 37,000 new graduates and entry-level professionals. The KPMG network achieved gender parity for new hires, and saw an increase to 28 percent women in partner promotions across its 10 largest countries.


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