The strongest revenue segment was consulting, generating $20.8bn in fee income while core segments such as audit and assurance totalled $10.5bn and tax and legal income was $8.9bn.

‘Events of this past year have had an unprecedented impact on the world and our organisation. From the Covid-19 pandemic to more frequent, extreme climate events, and social upheavals, we are grateful that we’ve been able to continue to help clients and support our people as we all navigate through this challenging environment,’ said Punit Renjen, Deloitte Global CEO.

‘While the past year was difficult and defined by uncertainty, it has shown what can be achieved at speed and scale when businesses, governments, and society work together to tackle tough global challenges. This cooperative approach is a model that we must continue to build on.