PKF International Limited is now the 10th largest global accounting network, according to the International Accounting Bulletin World Survey. The fee income of PKFI member firms increased by 29 per cent in the 2009-2010 financial year to $2.4 billion following the combination of a strong performance from member firms and the admission of large US firms. With representation in 440 offices in 125 countries, PKFI member firms have 2,198 partners and 21,474 staff.

Wolfgang Hofmann, PKF International chairman, said: “We are delighted to have achieved our short-term goal of being a top 10 global network following a strong performance from our member firms – particularly in the Asia Pacific and Latin American regions – in 2010. The admission of two large US firms, EisnerAmper LLP and PKF Wipfli LLP, also helped to boost network fee income.

“In November 2010, PKFI also recruited a new firm in China, PKF Daxin CPA, with offices in Beijing and 11 other principal cities. This not only ended the year on a high note but will help the network to further build on our fee growth in 2011.”