Professional services giant PwC warned it faced continued economic headwinds as it unveiled record revenues for the year just gone.
While it doesn't split out its profits, it noted there had been inflationary pressure on the bottom line, while the group also invested in acquisitions and projects such as artificial intelligence (AI).
Despite these challenges, PwC plans to expand its workforce to 400,000 by the end of the current financial year.
Chairman Bob Moritz, who is retiring next June, said future hiring would focus on Europe due to new climate regulations.
For the 12 months ending 30 June, turnover was $53.1 billion, up 9.9%. According to the Financial Times, this lagged the performance of Big Four rivals EY and Deloitte.