KPMG’s Irish office has made an above average contribution to the global accounting firm’s end of year results. The firm reported growth of $19.8 billion for the fiscal year ending September 30th, representing a global growth of 17.4 per cent.
The all-Ireland office of KPMG, which includes more than 1,800 employees in its offices in Dublin, Belfast, Cork and Galway, reported a fee-income growth of 27.5 per cent in 2007, according to the results of the 2007 Finance Magazine Accountancy Survey. Such returns put the Irish arm of the firm almost 10 per cent ahead of the company’s global average, and over 6 per cent ahead of the Europe, Middle East, Africa, South Asia region of KPMG.
KPMG’s all-Ireland office has over 1,800 staff, including 76 partners. The business accounts for 23.2 per cent of the accounting market share by fee income. According to the Finance Accountancy Survey 2007, KPMG was the fastest growing of the ‘Big Four’ accounting firms. With its fee income growth of 27.4 per cent, it was almost 10 per cent ahead of its closest ‘Big Four’ rival in terms of fee income growth, Ernst & Young.
KPMG is expecting this growth to continue into 2008. It plans to hire a total of 526 additional staff in the coming year, the most of any accounting firm in the country. Commenting on the strong Irish contribution to the global results, managing partner Terence O’Rourke said, ‘KPMG is Ireland’s fastest growing major professional services firm. Our performance in Ireland mirrors that achieved internationally and reflects continuing strong demand for audit, tax and advisory services from across the entire spectrum of Irish business.’ |
