EY global revenue soars

EY has posted record global revenues just weeks before its 13,000 partners vote if the time is right to split the firm into two.

The firm operates in 150 countries now and turnover to the end of June rose 16.4% to $45.4 billion. That’s the best growth rate for nearly two decades.

Revenue in the consultancy division jumped a massive 27.1% to just under £$14 billion. In contrast global assurance revenue rose 9% to $14.4 billion. The tax teams brought in another $11.3 billion, an increase of 10.5%.