– BDO, one of the world’s leading global networks of independent public accounting firms, has announced that worldwide revenue for all BDO Member Firms (including the exclusive members of Member Firms’ Alliances) for the year ended September 30, 2015, amounted to $7.3 billion. This represents year on year growth of 12.95%, at constant exchange rates. Revenues from assurance services accounted for 59 percent of combined fee income, with tax and advisory services representing 20.4 percent and 20.6 percent respectively.
BDO, the IAB 2015 Network of the Year Award winner, now has more than 64,000 total staff operating from 1,408 offices in 154 countries around the globe. All regions experienced tangible revenue growth, led by the Americas (+22%) and the Asia Pacific (+10%). The network added new member firms in Greece, Kazakhstan, Rwanda, New Caledonia, Honduras, Nicaragua and the West Bank.
BDO's growth has been driven by sustained organic growth and 19 strategic expansions taking place in Australia, Austria, Canada, France, Germany, Italy, South Africa and the United States. For the second consecutive year, BDO USA led all member firms in both revenue growth and expansions, with the firm adding significant resources from the former UHY in Texas, SS&G in Ohio and Illinois, Stone Carlie in St. Louis and Cross, Fernandez & Riley in Central Florida.
“2015 has been a year of expansion for the BDO network. As we continue to grow the network, both public and private businesses are increasingly attracted to the breadth and quality of our services, as well as the industry expertise we provide on a global scale," said Wayne Berson, CEO of BDO USA and Chairman of the Global Board of BDO International Ltd. “Our efficient infrastructure will enable us to build on this positive momentum and continue at the forefront of the ongoing consolidation taking place in the industry.”
About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through 63 offices and more than 400 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 1,300 offices in over 150 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com