This marks one of the most successful years in the history of the accounting network with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people and clients.

Carmine Di Sibio, EY Global chairman and CEO, said: ‘EY has achieved significant growth and continues to operate from a place of strength. I am proud that our growth has been grounded in delivering stakeholder value, executed under the EY NextWave strategy.

‘We have tremendous momentum right now, and growth means opportunity – for EY people, clients and broader stakeholders.’

The record results come as EY prepares to split the firm into two separate multidisciplinary organisations, one focused on audit, accounting and tax services, and the other part of the business with a primary focus on consulting, strategy and transactions. Revenues are expected to be split 40:60 between the two revenue streams.