Accounting News Roundup: Deloitte’s Big Number; E&Y Resigns from SinoTech; Big Tax Bust in KC | 09.23.11
Deloitte reports record 2011 revenue of $28.8 billion [Reuters]
Deloitte’s member firms worldwide reported a record $28.8 billion in revenue, up 8.4 percent from 2010. In local currency terms, not accounting for fluctuations in the value of the dollar, revenue grew 7.7 percent for the fiscal year that ended May 31, 2011. Deloitte will likely post similar growth in fiscal 2012, despite a challenging economic picture, the firm’s global chief executive, Barry Salzberg, said on Thursday. “Our first quarter (fiscal 2012) results are very much in line with what we’ve achieved in the prior year,” Salzberg said in an interview.