BDO Reports 2004 Revenue

The BDO International network, based here, reported world-wide revenues of $3.017 billion for fiscal 2004, a jump of 13 percent from last year.

Meanwhile, the network's Chicago-based U.S. member firm, BDO Seidman LLP, reported fiscal 2004 revenues of $365 million, up 4.3 percent.

The addition of 50 offices in 2004 gives the global network a total of 621 offices and more than 25,000 staff worldwide. BDO International added new member firms in Serbia-Montenegro, Mauritius and Brazil. The group also expanded through mergers in France, Finland and Indonesia.

BDO Seidman LLP ranked 11th on the 2004 Accounting Today Top 100 Firms list, with revenue of $350 million, 36 offices and a staff of 1,972, including 281 partners.

Last month, the U.S. firm named a new chief executive and board slate, following a governance shake-up that began a year earlier with the departure of the firm's chief executive and the shuffling of the make-up of its board of directors. The firm named Jack Weisbaum, who had been board chairman since former CEO Denis Field's departure last year, as CEO. Wayne Kolins, national assurance director and a member of the accounting and auditing committee of BDO International, was named chairman of the board, succeeding Weisbaum.

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