BDO worldwide

BDO International has seen significant growth this year - in revenue, in size and in reputation.

Our growth was the strongest of the top ten international  accountancy networks, with combined fee income rising  to US$ 4.704 billion. The global network has 626 offices in 110 countries, and  the number of partners and  employees across the world grew to 31,500.

Consistently sound performance across the network shows BDO's strength in all regions - a necessity in an increasingly global market. In some of the major economies, including the UK and the US, we achieved growth of over 20%.

Our performance reflects the increasing number of larger companies looking outside the four dominant accountancy networks in our market - often for the first time. Many are finding that BDO International offers the international reach and capabilities that can meet the demand for more choice in the market.

Over the past few years, we have made a step change in our operations. Investment into our international service offering has enabled discernable differences in the way we work. We have strengthened internal relationships and established consistent standards and approach across the globe.

Clients experience a different level of attention and service quality at BDO and they value the high level of partner involvement. When choosing an adviser, clients rightly prize high calibre staff. BDO's reputation as an outstanding employer means we will continue to attract the best people world wide, at a time when competition for talent is fierce.

The lack of choice in the audit market for larger listed companies continues to be of concern. Yet change is slow. We have only just begun to realise the opportunities available to us.

Dermot Mathias
Policy Board Chairman