At the Deloitte Annual World Meeting in Singapore, Deloitte Touche Tohmatsu chief executive William G. Parrett said that better audits and further regulatory changes aimed at improving transparency are needed to tackle corporate fraud, build stronger capital markets and sustain Deloitte businesses over the long term.

Parrett also announced that combined member firm revenues for the 2006 fiscal year are expected to exceed $20 billion, and that all services -- audit, tax, financial advisory and consultative services -- had experienced near double-digit growth, or more.

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