■ Europe, Middle East and Africa (EMEA) revenues America. Revenues were more buoyant at PwC Over the course of the year we saw a return to were up by 2.0%. In the UK, revenues rose by Canada where they rose by 5.1% growth in risk services. In particular, organisations 2.0%, in the Middle East, they increased by recognised the need for professional services to help 4.8%, and in Turkey revenues grew very strongly Each of our lines of businesses - Assurance, Advisory, manage risks exposed by COVID-19 and build on up by 30.0%. Across Africa our business wasand Tax and Legal - grew and developed in FY21. the increased momentum of digital transformation particularly impacted by the pandemic with triggered by the pandemic. We also saw strong revenues falling by 3.6% compared to the Assurance: Revenues from our assurance operations demand for our technology risk and transparency prior year grew modestly by 1.2% to US$17.1 billion (FY20: services, with organisations increasingly seeking US$16.4 billion). Audit remains the cornerstone external assurance over areas such as third-party ■ Asia Paciifc revenues grew by 6.2% a strong of our brand and the key driver for growth in our relationships, sustainability-related disclosures and performance from South Korea, which posted a Assurance business. Given the central role audit plays cybersecurity frameworks. year-on-year revenue increase of 12.3%. After a in maintaining trust in the capital markets and the challenging FY20 during which it saw revenues increasing ifnancial challenges our clients faced over Advisory: Revenues grew by 3.1% to US$17 billion shrink by 1.2%, PwC Australia returned to growth the year, our audit business retained its strong market (FY20: US$16 billion). This growth was driven by in FY21 with revenues up by 2.4% position. We continue to manage other market forces functional and enterprise-wide transformation, such as auditor rotation and increasing competition, where clients needed to access a broad set of ■ Americas revenues were lfat, relfecting the and we project continued steady growth for our capabilities from strategy-through-execution. signiifcant downturn in disbursements and audit operations in the years ahead. We are also Accelerated by COVID-19, we experienced expenses recharged to clients, which particularly seeing increasing demand for our assurance services particularly strong demand for technology-enabled impacted PwC US where revenues were static regarding non-ifnancial information such as ESG business transformation (ifnance, front ofifce, human year on year, and some challenging economic disclosures and expect signiifcant growth in these resources, supply chain) and cloud-driven digital conditions, especially across Central and South areas in the future. transformation as clients sought to build resilience