KPMG Revenues Increase 14.5 Percent

KPMG saw its member firms' combined revenues around the world grow by 14.5 percent to $22.69 billion in the fiscal year ending Sept. 30, 2008.

The Asia Pacific region grew at the fastest rate, while revenues in Russia grew at 64.5 percent. In India, revenues climbed 48.9 percent, while in China they rose 25.8 percent. In Africa, revenues increased 16.5 percent. In the Americas region, revenue rose 8.8 percent to $7.17 billion.

"All of our businesses recorded solid growth last year, despite the deepening and acceleration of the global financial crisis in the last quarter of KPMG's fiscal year," said KPMG International chairman Timothy P. Flynn in a statement.

Tax services jumped 18.3 percent to $4.73 billion, while audit services increased 13.9 percent to $10.69 billion. Advisory services revenue grew 13.0 percent to $7.27 billion.

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