• Register
Return to: Home > News > Assurance and Accounting > News brief: Praxity Global Alliance reports 8% revenues increase

News brief: Praxity Global Alliance reports 8% revenues increase

Praxity Global Alliance has said its global revenues increased to US$4.75bn, a 7.8% year on year increase for ten consecutive years, a record high for the financial year ended 31 December 2016.

The biggest growth in revenues was in advisory services, up nearly 19% to $950m, with audit and assurance as the main revenue stream at $1.9bn, an increase of almost 6%. Additionally, tax services were up 9.4% to $1.2bn.

Praxity Global Alliance said the Asia Pacific region continued its fast growth with an increase of almost 18% to $516m. Also, there was a significant 9.4% growth in the US and Canada to $2.7bn, and Europe grew 2.3% to $1.3 bn.

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.