AUDIT: Baker Tilly profits up 5%, driven by developing markets

Baker Tilly International has reported annual revenues of US$3.6 bln for the financial year ending June 30, 2014, a year-on-year increase of 5%, maintaining its ranking as the world’s eighth largest accounting and business advisory network.

“To be recording our fourth consecutive year of revenue growth when the market remains as competitive and challenging as it does, and with the wider global recovery remaining subdued, is a result we are extremely proud of,” said CEO and President Geoff Barnes.
“We recorded strong performances in developing markets, including in Argentina, Colombia and Panama – and I see developing markets as a percentage of our total global revenues rising significantly in the coming years.”
Baker Tilly International is represented by 154 independent member firms in 133 countries and brings together 27,000 people in 693 offices worldwide. The network’s ranking is based on the annual league tables published in January each year by International Accounting Bulletin (IAB).
REVENUE BY REGION:
Asia Pacific US$753m (+14%)
Latin America US$87m (+15%)
Europe, Middle East & Africa US$1,188m (-3%)
North America US$1,535m (+6%)
REVENUE BY SERVICE LINE:
Audit US$1,361m (+10%)
Accountancy US$454m (-2%)
Taxation US$881m (+4%)
Consultancy US$867m (+1%)