Member firms of Deloitte, the professional services group that covers sectors including wealth management, said it has reported record annual revenues of $34.2 billion for the financial year ending May 31.

Member firms of Deloitte, the professional services group that covers sectors including wealth management, said it has reported record annual revenues of $34.2 billion for the financial year ending May 31.

Deloitte logged “accelerated demand for its range of services in all regions of the world”, it said in a statement. Aggregate revenues represent growth of 6.5 per cent in local currency, or 5.7 per cent in dollars.

Growth was led by consulting, which experienced double-digit growth (10.3 per cent in local currency), followed by tax and legal (7.7 per cent). Financial advisory and enterprise risk services logged growth of 6.8 per cent and 4.2 per cent, respectively. Audit experienced growth of 2.5 per cent.

Regions

Member firms in the Americas led regional growth with an aggregate 7.5 per cent in local currency; the strongest growth occurred in Spanish-speaking Latin America (14.1 per cent) and Brazil (10.6 per cent). The US, the largest member firm in the network, produced strong growth, it said, with an 11.3 per cent increase in consulting.

Europe, Middle East, and Africa member firms grew by an aggregate 5.8 per cent in local currency.

Asia-Pacific member firms experienced combined growth of 4.9 per cent in local currency, up from 3.1 per cent in FY13. Japan logged 5.1 per cent growth, and India and New Zealand both grew in the double digits.