KPMG International saw combined revenues from its member firms rise 17.4 percent to $19.8 billion in fiscal year 2007.

The company's audit business grew 13.3 percent to $9.39 billion, with growth especially strong in the Asia Pacific region. In the U.S., KPMG added more than 300 new audit clients, including large banking and insurance companies.

The firm's advisory services business grew 22.2 percent to $6.43 billion, with growth fueled by mergers and acquisitions activity. KPMG's tax business increased 20 percent to $3.99 billion, with much of the demand coming from multinational clients for services such as international taxation, transfer pricing, trade customs assistance and stricter regulations.

In the Americas region, KPMG's annual revenue grew 10.6 percent to $6.59 billion. The U.S. member firm posted double-digit growth.

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