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
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
Giles Brake, Head of Marketing at leading international
association of independent professional firms, MSI Global
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,
us about possible MSI membership.
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