Deloitte Risk Advisory
Risk Advisory revenue grew the fastest at 12.9%. This growth in the risk advisory practice was primarily due to acquisitions and technology.
Deloitte’s is known for their consulting practice, and there consulting practice performed well. Their consulting practice grew at 10.2 % growth. This was primarily due to the urgency of clients to accelerate their business model transformation. This practice was also helped by the adoption of new technologies such as artificial intelligence, robotics, cognitive, creative digital consulting, cloud computing, blockchain and Internet of Things (IoT).
Tax & Legal revenue grew at 6.6 percent, fueled by client needs related to the global tax reset—resulting from the OECD’s Base Erosion and Profit Shifting effort (BEPS), the evolution of technology and automation, and mass globalization. Deloitte’s focus on helping clients manage and make confident decisions about their tax matters included introducing several enhanced global technology tools such as TP Digital DoX, Value Chain Analysis Tool (VCAT), and myInsight.
Deloitte Financial Advisory
Deloitte’s financial advisory practice grew by 5.8 % in 2017. This was primarily driven by the desire for Deloitte’s mergers and acquisitions consulting services. Some growth in the financial advisory practice was also driven by Deloitte’s forensic accounting practice which helps with investigations, and dispute analysis and advisory. Regional growth in China, as well as the expansion of the Asia Pacific Financial Crime Network, contributed to Financial Advisory’s strong year.
Audit & Assurance revenue grew by 1 percent as it continues to invest in driving quality and consistency across the network and transforming the audit business to deliver smarter and more insightful audits. Deloitte member firms led in overall Fortune Global 500 audit wins in FY2017 and have been recognized globally as leaders in audit innovation, analytics, and artificial intelligence.
Asia Pacific revenue grew fastest among the regions at 9 percent, followed by Europe, Middle East, and Africa at 8.6 percent and the Americas at 5.6 percent in local currency.