2011 AccountancyAge Survey Ranks MSI Global Alliance as 20th Largest International Accounting Group

MSI Global Alliance among Top 20 Accounting Networks, Associations & Alliances

The 2011 AccountancyAge Top 35 Survey of International Accountancy Networks, Associations & Alliances firmly positions MSI Global Alliance in 20th place with combined annual firm revenues of US$M1,300. MSI is ranked number six among the organisations classed as 'international associations of independent accounting firms'.

The report comments that there were 'mixed fortunes' for the various international groupings of accounting firms, reflecting unevent economic recovery around the world. PWC was also knocked off the top spot by Deloitte who reported income of US$M26,578 and 1.8% growth.

The ranking table relating specifically to international associations and alliances of independent firms can be seen below, and shows MSI Global Alliance in 6th position.

Growth was generally flat among the international accounting networks and associations, but most expect to see growth in emerging markets as well as new opportunities in more mature markets as a results of concerns about the undue concentration of the Big Four firms.

Interestingly, and in stark contrast to MSI Global Alliance, some groups still haven't taken a clear position on whether they are a 'network' or an 'association' according to IFAC and EU definitions, with the risk that their members could face potential liability threats. Some groups are clearly concerned about political instability in the Middle East and in North Africa and the threat posed to the global economy.

MSI's Chief Executive James Mendelssohn is quoted in the article as saying: "Regulatory changes have caused some realignment in the market, with some member firms moving up the 'food chain' to join one of the larger networks. However, membership changes have been very few and far between and, in reality, the opposite has been true with MSI benefiting from some 'downward shift' as a result of firms in certain countries deciding to leave networks to join our association."

The report concludes that those international networks and associations of accounting firms that manage to crack the Latin American and Chinese markets will be best placed to capitalise on future new opportunities. AccountancyAge's full table of the top 35 international associations and networks can be viewed by clicking here.

For more information
Please contact Giles Brake, Head of Marketing at leading international association of independent professional firms, MSI Global Alliance.

If you represent an independent professional firm that has a growing international client base that needs access to reliable professional services firms across different jurisdictions, please contact us about possible MSI membership.

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