Tax saw continued strong growth with total revenue reaching CHF 116 million (+6.9 percent). Audit and Advisory lagged behind the previous year’s results and generated CHF 234 million (-2.5 percent) and CHF 85 million (-6.5 percent), respectively. KPMG’s ability to transform complex regulatory circumstances and changes into innovative services as well as improvements in the economic environment have contributed greatly to this solid overall result. The new slogan Cutting through complexity builds on this strength.