KPMG has entered 28,317 million euros until September, 10% more than in the same period of the previous year. “The revenue growth comes after an intensive investment period, where the firm has focused on priority services and solutions to address the challenges faced by companies around the world,” the company details in a statement.
The growth has been unanimous in all functions. Advisory services have increased their income by 17%, Legal and Tax by 8% and Audit has done so by 4%. During the fiscal year, the firm committed to make an investment of more than 1.5 billion dollars to accelerate the implementation of its ESG (environmental, social and governance) strategy and solutions.
“2021 has been a year, where outstanding growth has been achieved in a challenging economic context. Additionally, the firm has unveiled KPMG: Our Impact Plan to drive sustainable change across our organization. The firm has also launched a new global strategy. of ESG to help our clients achieve their objectives and that they can address current challenges, while adding value to society and doing something different, “said Bill Thomas, global president and CEO of KPMG International.
Its Auditing business has achieved total revenue of $ 11.46 billion (€ 10.097 billion) globally across all KPMG firms globally in fiscal 2021.
KPMG is investing significantly in its quality management system aligned with the new global quality management standards and the continuous deployment of KPMG Clara, the firm’s intelligent cloud-based auditing platform with Microsoft Azure.
“The quality of the audits continues to be our top priority and we are investing a lot in this constant updating process. During the past year, we made significant investments in our quality management systems, in the follow-up and support processes for all our professionals global audit firm. Building on KPMG’s strong foundation, we need to continually innovate, never losing focus. Each of us has a responsibility to deliver the highest quality, backed by our goal of adding value to society and to capital markets, “said Larry Bradley, Global Head of Audit at KPMG International.
Legal and Tax services have reached total revenues of 7,020 million dollars (6,185 million euros) in all KPMG firms worldwide. Growth was largely driven by increased demand for tax services, as clients continue to seek support to address tax and legal compliance in an increasingly complex economic and regulatory environment.
With regard to its Advisory business, it has received until September 13.650 million dollars (12.031 million euros) in the sum of all member firms. This growth was largely driven by the success of advisory services in M&A transactions and operations , financial and operational restructuring, valuations, strategic and market financing, debt refinancing, insolvency proceedings or asset sales. non-strategic, as well as the continuous demand for innovative technologies and advanced solutions in cybersecurity.