Survey
World Survey 2014
International Accounting Bulletin
In the same five-year period fee income
earned from advisory services by the top 10
grew 12%. Advisory appears to have been
the service line growing at the expense of
audit, accounting for 29% of all revenue
in 2012, compared to 24% in 2008. Tax
accounted for 23% of overall revenues in
2008 as well as in 2013.
Fee pressure is undoubtedly at least partly
to blame for the declining revenues in audit.
According to Morison International chief
executive Liza Robbins, there a ɔ