Global accounting firm network Baker Tilly International reported Thursday that its annual revenues grew 3 percent to $3.4 billion for the fiscal year ending June 30, 2013.
The network includes 161 independent member firms in 137 countries, with 27,000 people in 738 offices around the world.
“Whilst the economic recovery remains unpredictable, our members have responded to the changing needs of our clients.” said Baker Tilly International CEO and president Geoff Barnes in a statement. “Across all regions we have seen growth of 26% on consultancy services provided by member firms. This increase is reflected in our clients seeking a more holistic approach to the services we provide them.”
Revenues grew 4 percent in North America to $1.45 billion, 7 percent in Latin America to $70 million and 3 percent in the Asia Pacific region to $650 million. However, revenue declined in the combined Europe, Middle East and Africa region to $1.21 billion.
Among the various service lines provided by the firms in Baker Tilly’s global network, consulting grew at the fastest pace, jumping 26 percent to $850 milllion. Accounting, in contrast, fell 13 percent to $460 million. Audit also saw a drop, to $1.23 billion, and tax revenue also declined, by 3 percent, to $840 million.