Nexia International has made $2.8bn in fee income, up 22%in the year to 30 June 2012.

With the double digit growth Nexia international is again the tenth largest network globally, according to IAB World Survey information (to be published 31 January).

Nexia’s highest revenue was in North America, at $1.3bn, followed by Europe at $1.09bn, Asia-Pacific with $300m, Latin America with $44m and Africa and the Middle East with $36m.

North American revenues were bolstered by the recently merged US firms CliftonLarsonAllen and CohnReznick, which both stayed with Nexia International following the merger.

Over the year, the network expanded, with new member firms in Australia, Bangladesh, China, Mexico, Mongolia and the UK helping total staff numbers to increase 11% to 22, 319.

Kevin Arnold, chief executive officer of Nexia International said "our two-year growth rate of 34% has been remarkable given the economic climate and shows clear evidence of the successful implementation of our strategy".

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"A continued commitment to recruiting high-quality firms in key and emerging world markets, combined with the delivery of several internal initiatives, have been critical to our success."