BDO’s total combined fee income for all member firms has surpassed €4.6 billion for the year ended September 30, up 13.98 per cent.

BDO’s Asia Pacific region was the fastest growing in the year, showing a 48.5 per cent increase in combined fee income.

The region’s growth was driven by BDO in China and in Japan. This excludes the impending merger with certain PKF offices in China, which will bring 350 people to the firm.

Merger activity has also boosted growth in BDO Australia. The Middle East has increased revenues by 31.8 per cent with positive performances in Bahrain, Qatar, Saudi Arabia and the UAE. In North America and the Caribbean, a double digit increase was strongly influenced by a very positive growth in the US, assisted by the appointment of new firms in Puerto Rico and Barbados. In Latin America, the rise in overall revenues was led by the Dominican Republic where the merger with the former RSM firm in May more than doubled the firm’s size.

Despite continuing difficulties in the eurozone, BDO in Europe has continued to buck the trend in showing improved growth once again compared to last year with an increase of 4.6 per cent. France and Norway were the front runners, through organic growth and strategic mergers.

Other outstanding performers in Scandinavia include Finland and Iceland, with small firms also leading the way in Eastern Europe like the Slovak Republic, Albania and Azerbaijan.

BDO provides professional services in 138 countries, including Malta. The network is now represented in 1,204 offices worldwide.