• Register
Return to: Home > News > Big Four > Deloitte reports global growth for FY15, but decrease in audit revenues

Deloitte reports global growth for FY15, but decrease in audit revenues

Deloitte has reported global revenues of US$35.2bn in the year to 31 May 2015, up by 2.9% (7.6% in local currency according to the network) compared to the previous year, however the global network saw its revenue in audit decreased compared to FY14.

"Deloitte has invested US$500 million in advancing audit quality, including investing more than US$100m in innovation to continue to transform the audit and deliver value to the capital markets," the network said in a release, however the audit service line decreased by -2.9% in FY15, down to US$9.8bn.

Audit now represents 27.8% of the network's global revenues compared to 29% in FY14.

Besides audit, Deloitte has reported growth in all other service lines. The network's fastest growing business was enterprise risk services which grew by 9.4% up to US$3.5bn. Consulting revenues went up by 7% up to US$12.2bn; tax and legal by 3.1%, up to US$6.7bn; financial advisory by 3.3%, up to US$3.1bn.

Deloitte reported growth in the Americas and Asia Pacific regions, up to US$18.3bn (+ 5.2%) and US$5bn (+4.2%) respectively. However the network registered a slight decrease in its revenues in the EMEA region (-1.6%) down to US$11.9bn.

Deloitte hired 62,000 new professionals, representing a 15% increase in professionals hired over the last year and bringing the network total headcount to 225,000.

Deloitte Global CEO Punit Renjen said: "Deloitte's strong financial performance reflects the success of our multidisciplinary model, which drives the delivery of innovative world-class audit, consulting, enterprise risk services, financial advisory, and tax & legal services."

Top Content

    Blockchain and the Big Four: does it deserve all the hype?

    Although still in its infancy, blockchain is one of the most talked-about technologies of 2018. Will the blockchain bubble burst, or will it live up to its reputation as the ‘new internet’? Eleanor Jerome investigates

    read more

    Malaysia: Ready to show its strength

    Recent changes have enhanced the quality of audit reports in Malaysia, giving the profession a welcome opportunity to demonstrate its value to clients. Paul Golden reports

    read more

    China: Regulating the Chinese dragon

    Harsh regulatory actions and looming US trade wars have been dampening expectations in a Chinese market still full of potential, finds Jonathan Minter

    read more

    Indigenous Australians: New checks and balances

    With fewer than 40 known qualified Indigenous Australian accountants, Jonathan Minter speaks to Shelley Cable from PwC Australia about how increasing this number is an important part of improving the financial literacy of Indigenous communities

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.