KPMG’s international revenues grow strongly to record $26.4 billion, thanks to investment in technology and people.
KPMG International recently announced record aggregated network revenues of US$26.40 billion for the fiscal year ended 30 September 2017 (FY17), representing a 5% increase on FY16. And during the same period, KPMG remained a leading choice for talent, with the global workforce growing by more than 4% to 200,000 people, the highest number of individuals ever employed across the network.
KPMG in Qatar’s Country Senior Partner, Ahmed Abu-Sharkh commented on the results, saying: “At KPMG in Qatar we are proud to have contributed towards the overall success of KPMG International. Being part of a network of 154 member firms allows our in-country teams to bring the best global thinking and innovation to our clients in Qatar, in the context of the local market.”
Globally and locally, KPMG is investing significant time and resources to equip its people with digital transformation capabilities as part of its growth program. Having recently hired several new technology, operations and strategy focused Partners and Directors, KPMG in Qatar is helping some of the country’s largest businesses and organizations use technology to enhance operations and growth in innovative ways. On this, Abu-Sharkh continued: “Over the past 12 months we have made significant investment in strengthening our technology focused teams by bringing on board a number of experienced and highly skilled professionals as well as improving the general skills of all staff. The future is most certainly digital and it is essential that that both KPMG and our clients keep up with technological developments and digital disruption to identify threats and opportunities”.
Bill Thomas, Chairman, KPMG International added: “The KPMG network grew strongly while continuing to transform to meet the rapidly changing demands of clients. We are making significant, strategic investments across Audit, Tax and Advisory in technology and innovative services where clients are facing their greatest challenges and disruption. As an example, KPMG firms have built leading positions in cyber security, data & analytics (D&A) and digital transformation services, bringing together leading edge technology with world-class business expertise to offer a higher level of capabilities to clients in these critical areas,”
Both locally and globally, KPMG has also focused on acquiring the best talent to enhance its workforce over the past year. In financial year 2017, more than 37,000 new graduates and other entry-level professionals joined KPMG globally. And the Qatar firm has seen over 25 new graduates join in the past 2 years, many from leading universities in the country.
“KPMG’s inclusive culture helps ensure that teams reflect the diversity of skills, backgrounds, experiences and thought expected by clients. We encourage our people to see the world through many different perspectives. We empower our people to be themselves and respect others – it’s core to our values and what we believe in,” said Susan Ferrier, KPMG International’s Global Head of People, Performance and Culture.
The results were published in the KPMG International Annual Review which reflects on our record of achievement over the past fiscal year, demonstrating the insights and expertise of KPMG professionals and the unrelenting focus on acting with integrity and quality in everything we do. At the same time, the firm published the KPMG International Transparency Report which provides insights and details on how we continually strive to enhance audit quality, which is a direct reflection of the KPMG network's unwavering commitment to audit quality, an integral element of our business and culture.