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BDO US revenues grow by 22%

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BDO US has reported a $150m increase in its annual revenues to $833m in the year to 30 June 2014, up by 22%.

The firm reported the highest jump in fee income in its consulting arm where revenues were up 23%, 22.7% in tax and 21% in assurance.

The firm's assurance business line represents 58% ($483.2m) of the firm's business while tax and consulting lines represent 32% ($266.6m) and 10% ($83.2m) of revenues respectively.

"BDO's growth in fiscal 2014 was fuelled in equal measures by organic growth (+11%), driven by an increased demand for services across all of our business lines, and our expansion strategy (+11%), which has garnered a good deal of attention over the past two years," BDO US chief executive Wayne Berson said.

In 2013 BDO US reported a revenue increase of 11% to $683m. BDO US results do not include the fees earned by the BDO Alliance USA.

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