India and China boost KPMG

The accountancy firm KPMG pulled ahead of its peers with over 10 per cent revenue growth in the year to the end of September.

The business booked $22.7bn (£14.5bn) in revenues over the period. That equates to growth of 10.1 per cent, just ahead of the 10 per cent growth recorded by PricewaterhouseCoopers, and well clear of 8.4 per cent notched up by Deloitte and 7.6 per cent recorded by Ernst & Young.

KPMG said it had seen growth across all its business areas, and was boosted by its operations in emerging economies such as India and China. India grew at 25 per cent, while China saw 12.9 revenue growth in local currency terms.

Revenues in Brazil were up by 22 per cent over the year.