Global
financials and organization

Financials and organization 

The KPMG network achieved strong growth and record revenues for FY14. The record high aggregated revenues of US$24.82 billion for the fiscal year ending 30 September 2014 represents a 6.3 percent increase in local currency terms over the previous year.

Strong results

The Americas delivered strong growth over the prior year, with revenues rising by 10.1 percent, driven by a 15.1 percent growth in Advisory revenues, an 8.0 percent increase in Tax and an 8.7 percent increase in Audit, all in local currency.

Revenues from Europe, the Middle East and Africa (EMA) grew by 4.7 percent, with strong growth in Ireland, Spain, Switzerland and the UK, as many of the region’s leading economies returned to growth.

In Asia Pacific, KPMG reported revenue growth of 3.8 percent, in local currency, reflecting a return to growth for some parts of the region.

KPMG has a long-standing commitment to supporting clients in the world’s fastest-growing economies and this focus drove 17.8 percent annual growth in revenues in India, 11.1 percent in the Middle East, 10.5 percent in Africa and 7.3 percent in China.

Growth in Audit, Tax and Advisory

Audit
Audit performed strongly, with member firm revenues increasing 3.8 percent to US$10.46 billion, up from 1.2 percent growth in FY13. This growth was achieved against the backdrop of a global market for audit and assurance services, which has never been more competitive and challenging. We continue to see intense price pressure on audit engagements and the introduction of EU audit reforms is driving an unprecedented level of audit tenders.

Tax
Tax revenues grew 6.1 percent to US$5.27 billion, up from 4.2 percent in FY13, driven by an increased demand for tax compliance and tax advisory services in the Americas, Asia Pacific and EMA.

KPMG continued to lead the way in responding to the global debate on tax morality, KPMG’s publicly available Global Tax Principles, which are the foundation of expected standards and conduct for KPMG tax professionals to follow in their work for tax clients.

Advisory
Total Advisory revenues for the year were up by 10.4 percent, up from growth of 6.5 percent in FY13, to US$9.09 billion, driven by:

  • Strengthening demand for KPMG’s Management Consulting services, which delivered 9.6 percent growth
  • Risk Consulting services, which grew 12.3 percent from FY13
  • Transactions & Restructuring, where improving demand from all three regions delivered growth of 10.8 percent.

A leading choice for talent

We maintained our focus on recruiting top talent in FY14, recruiting a record-high 54,000 graduates and experienced hires. KPMG’s global headcount grew by almost 7,000 to over 162,000 partners and staff, the highest ever across the network.

With its strong focus on training and career development, KPMG remains a leading choice for graduate talent, and was once again voted in the top 10 of Universum's ‘World’s Most Attractive Employers to Work For’ poll of around 200,000 degree students.

Overview on integrated reporting

KPMG works closely with the International Integrated Reporting Council (IIRC) in its efforts to promote integrated reporting as an important step towards better business reporting to address the gap between reporting content and business value.

Integrated reporting enables an organization to tell its value creation story by providing financial and non-financial information on its strategy, performance and governance, in its business and social context, in a way that highlights the interdependencies of the information. Integrated reporting seeks to reflect the broad and longer-term consequences of the decisions organizations make, based on a wide range of factors, to create and sustain value. It also enables an organization to communicate in a clear way how it is drawing on all of the resources it utilizes to generate value in the short, medium and long term, helping investors to manage risks and allocate resources most efficiently.

KPMG is an active participant within the IIRC, with involvement by KPMG partners and employees across the globe.

Total revenue:

By function:

By region:
  • Global Board

    John Veihmeyer
    Global Chairman,
    Chairman and CEO KPMG in the US

    John Scott
    Global Deputy Chairman,
    EMA Chairman, Spain

    William Thomas
    Americas Chairman, Canada

    Tham Sai Choy
    ASPAC Chairman, Singapore

    Moses Kgosana
    Africa

    Peter Nash
    Australia

    Pedro Melo
    Brazil

    Richard Cysarz
    Central and Eastern Europe

    Stephen Yiu
    China

    Oleg Goshchansky
    Commonwealth of Independent States

    Jay Nirsimloo
    France

    Klaus Becker
    Germany

    Richard Rekhy
    India

    Shaun Murphy
    Ireland

    Domenico Fumagalli
    Italy

    Tsutomu Takahashi
    Japan

    Kyo Tae Kim
    Republic of Korea

    Abdullah Al Fozan
    Middle East & South Asia

    Guillermo Garcia-Naranjo
    Mexico

    Stefan Pfister
    Switzerland

    Simon Collins
    United Kingdom


  • Global Management Team

    John Veihmeyer
    Global Chairman

    John Scott
    Global Deputy Chairman,
    Chair of Global Management Team

    Isabelle Allen
    Global Head of Sales and Markets

    Larry Bradley
    Global Head of Audit

    Rachel Campbell
    Global Head of People,
    Performance and Culture

    Philip Davidson
    Global Chief Operating Officer

    Mark Goodburn
    Global Head of Advisory

    Larry A. Leva
    Global Vice Chair
    Quality, Risk and Regulatory

    Tom Wethered
    General Counsel

    Greg Wiebe
    Global Head of Tax


  • Countries

    Countries in which KPMG member firms operate

    Afghanistan

    Laos

    Albania

    Latvia

    Algeria

    Lebanon

    Andorra

    Libya

    Angola

    Liechtenstein

    Antigua and Barbuda

    Lithuania

    Argentina

    Luxembourg

    Armenia

    Macedonia

    Aruba

    Malawi

    Australia

    Malaysia

    Austria

    Maldives

    Azerbaijan

    Mali

    Bahamas

    Malta

    Bahrain

    Mauritius

    Bangladesh

    Mexico

    Barbados

    Moldova

    Belarus

    Monaco

    Belgium

    Mongolia

    Bermuda

    Montenegro

    Bosnia and Herzegovina

    Morocco

    Botswana

    Mozambique

    Brazil

    Myanmar

    British Virgin Islands

    Namibia

    Brunei Darussalam

    Netherlands

    Bulgaria

    New Caledonia

    Cambodia

    New Zealand

    Cameroon

    Nicaragua

    Canada

    Nigeria

    Cayman Islands

    Norway

    Chile

    Oman

    China

    Pakistan

    Colombia

    Panama

    Congo (Democratic Republic of)

    Papua New Guinea

    Congo (Republic of the)

    Peru

    Cook Islands

    Philippines

    Costa Rica

    Poland

    Croatia

    Portugal

    Curaçao

    Qatar

    Cyprus

    Romania

    Czech Republic

    Russia

    Denmark

    Rwanda

    Dominican Republic

    Saudi Arabia

    Ecuador

    Senegal

    Egypt

    Serbia

    El Salvador

    Sierra Leone

    Estonia

    Singapore

    Fiji Islands

    Slovakia

    Finland

    Slovenia

    France

    South Africa

    French Polynesia

    Spain

    Gabon

    Sri Lanka

    Georgia

    St. Lucia

    Germany

    St. Maarten

    Ghana

    St. Vincent and the Grenadines

    Gibraltar

    Surinam

    Greece

    Swaziland

    Guatemala

    Sweden

    Guernsey

    Switzerland

    Honduras

    Taiwan

    Hungary

    Tanzania

    Iceland

    Thailand

    India

    Togo

    Indonesia

    Trinidad and Tobago

    Iraq

    Tunisia

    Ireland

    Turkey

    Isle of Man

    Turks and Caicos Islands

    Israel

    Uganda

    Italy

    Ukraine

    Ivory Coast

    United Arab Emirates

    Jamaica

    United Kingdom

    Japan

    United States of America

    Jersey

    Uruguay

    Jordan

    Venezuela

    Kazakhstan

    Vietnam

    Kenya

    Yemen

    Korea (Republic of)

    Zambia

    Kuwait

    Zimbabwe

    Kyrgyzstan

     


The financial information set forth represents combined information of the separate KPMG member firms that perform professional services for clients. The information is combined here solely for presentation purposes. KPMG International performs no services for clients nor, concomitantly, generates any client revenue.

UN Global Compact: Communication on Progress

Communication on progress
KPMG International has been a signatory of the UN Global Compact since 2002.

Transparency report

Transparency report
We maintain an overriding commitment to audit quality and delivering value to stakeholders. The KPMG International Transparency Report describes our system of quality control as well as our structure and governance designed to maintain and further an unrelenting focus on quality and integrity.