BDO’s global revenue has increased 5% to
€3.9bn ($5.3bn) in the year to 30 September 2010, driven by strong
growth in the Asia Pacific region.
The network reported a 32% growth in fee
income in Asia Pacific, helped by the rapid expansion of its
Chinese firm, its Hong Kong firm merging with Shu Lun Pan Horwath
Hong Kong CPA in 2009 and substantial growth in almost every other
firm across the region.
Another rapidly growing region for BDO was
Sub-Saharan Africa which increased in revenue by 28%.
The worst performing regions were Europe,
which had flat revenue and the Middle East, which declined.
BDO chief executive Jeremy Newman said given
the challenging economic climate the firm is very pleased overall
revenues have grown.
“The substantial expansion of our Chinese firm
has had a significant effect – their revenues have shown an
increase of 65% over the prior year and now amount now to over €149
million,” Newman said.
BDO’s fees are split between audit and
accounting (61%), tax (19%) and advisory services (20%).
Staff numbers have increased to 46,930 people
but the numbers of offices have decreased from 1,138 to 1,082
across 119 countries worldwide.
