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European and US firms still dominate the Top 100 but firms in emerging economies are quickly catching up. Most firms struggled for growth in fiscal 2009-2010, leading to massive changes up and down the list.
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Accounting firms are in the middle of a two-paced economy, servicing the booming mining sector of Western Australia while helping struggling clients on the East coast
As Japan rebuilds following the March earthquake, accounting firms are under immense fee pressure and IFRS adoption is in limbo.
The accounting profession is breaking from the shackles of stereotypes that have surrounded it for years, as firms globally strive to diversify their workforce.