'Deloitte' is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients.  These firms are members of Deloitte Touche Tohmatsu, a Swiss Verein ('DTT').  Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates.  DTT helps coordinate the activities of the member firms but does not itself provide services to clients.  DTT and the member firms are separate and distinct legal entities, which cannot obligate the other entities.  DTT and each DTT member firm are only liable for their own acts or omissions, and not those of each other.  Each DTT member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors, and may secure the provision of professional services in their territories through subsidiaries, affiliates, and/or other entities.

Deloitte in Australia is a member of Deloitte Touche Tohmatsu, one of the world’s leading professional services organisations, with revenue of over US$20 billion and 165,000 people in over 140 countries. We serve some of the world’s largest and most prestigious companies in the areas of audit, assurance and advisory, taxation, corporate finance and consulting.

In Australia, the footprint is similar. We serve clients across all sectors, including ASX 200 organisations, MNC subsidiary offices, middle market companies, and federal, state and local government entities. We generate approximately 50% of revenues from the top end of town and 50% from middle market organisations.

In 2006/7 our firm surpassed its growth target, reaching $626 million, or 20% growth on the previous year’s revenues of $520million. In just three years, Deloitte has turned the firm around from high growth and low profits, to profit growth at twice the rate of our revenues.

Since 2003 our focus has been on profitability and the integration of 192 new partners. This positioned us for planned growth of 20% in 2006/7, driven by our strong market position in corporate finance, forensic services and consulting as well as continuing strength in tax, risk management and internal audit, and strong growth in our audit and advisory practice driven by regulatory change.

Following a number of recent mergers, Deloitte now has 385 partners, over 4000 people and an expected revenue for FY08 of $740 million.

Deloitte’s commitment to actively support women and the success of our ‘Inspiring Women’ program was reinforced this year with 28% of new partners being female. In 2007, Deloitte was recognised for the sixth consecutive year as a 2006 Employer of Choice for Women, and was a finalist in the EOWA Awards, recognising leading organisations for the advancement of women.