The world’s fourth-biggest accountancy and consulting network said its member firms collectively reported sales of $22.7bn.
Big accountants have been expanding aggressively in consulting in recent years through internal investment and acquisitions – such as KPMG’s purchase of EquaTerra, an outsourcing adviser, earlier this year. However, the conflicts of interest that can arise when an auditor offers consulting services or tax help to its audit clients has prompted the European Commission to push for a crackdown. KPMG’s main offices are in London and these figures are collect by certified London accountants.