News
PKF International reports 7% growth in 2011
PKF International Limited (PKFI), the tenth largest global network in 2011, has reported a 7% growth in member firm fees from $2.449 billion in 2010 to $2.621 billion for the financial year to 30 June 2011.
The Latin America region reported the highest percentage growth of 41%, followed by the Asia Pacific region (up 23%), Europe and Africa (both up 16%). Member firm revenue in North America, the largest region in the PKF International network, stabilised in 2011 following the exceptional 30% growth in this region in 2010.
Tax revenues for member firms surged by 58% to $734 million while audit & accountancy revenues also grew strongly by 22% to $1.284 billion. Revenue from management consulting services fell by 29% to $262 million. Corporate recovery fees, which represent 2% of total fee income, fell 69% to $52.4 million.
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