Nexia International conference underlines commitment to international mid-market
Jeremy Boadle, managing director of Smith & Williamson Tax and Business Services said: “Member firms of Nexia International have provided our clients with high quality audit, tax and management consulting advice throughout the world. Our annual conference in Prague was an opportunity in these challenging economic times to reinforce the strength of our network and the capabilities of our members in serving international clients."
Nexia International also reiterated its commitment to global quality standards as fundamental to its role as a leading network of independent accounting and consulting firms advising international mid-market companies.
Global quality control is a key aspect in continuing to build a truly effective network. Delivering consistent quality of service and local expertise on a global basis is at the very heart of Nexia International. Nexia recently appointed international audit specialist, Simon Riley, to enhance its quality control programme and ensure audit quality throughout the network.
As well as focusing on Nexia’s strategic direction, the annual conference considered some of the key issues facing international businesses, such as the convergence of international accounting standards, reporting requirements for small and medium-sized enterprises (SMEs) and increasingly complex international tax planning issues.
Nexia International welcomed the IASB’s continued drive towards global standards in providing a simplified, self-contained set of accounting standards and reducing the financial reporting burden. The standards will enable investors, lenders and other users to compare financial performance among SMEs. IFRS for SMEs was created in response to strong international demand from both developed and emerging economies for a rigorous and common set of accounting standards for smaller and medium-sized businesses that is much simpler than full IFRS. In a recent survey, almost 60% of accounting standard-setters said they planned to require or permit the use of IFRS for SMEs within their jurisdiction in the next three years.
Nexia will aim to enhance its existing presence in key global economic markets and to expand its footprint in specific markets such as China and mid/west coast US, according to its chairman. The network recently bolstered its presence in the US with the addition of three new member firms, as well as introducing new members in Spain and Brazil.
For further information contact:
Jeremy Boadle, Smith & Williamson
+44 (0)20 7131 4000
Email Jeremy Boadle
PR enquiries:
Kate Harrison, Smith & Williamson
+ 44 (0)20 7131 4228
Email Kate Harrison
Nexia International enquiries:
Donal Watkin, Nexia International Secretariat
+ 44 (0)20 3195 6793
Email Donal Watkin
Disclaimer
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
Note to editors
Smith & Williamson is an independent professional and financial services group employing over 1,500 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. It operates from offices in London, Belfast, Birmingham, Bristol, Dublin, Glasgow, Guildford, Maidstone, Salisbury, Southampton and Worcester.
Nexia Smith & Williamson Audit Limited is an independent company which works alongside Smith & Williamson to complement its specialist financial advisory services.
Nexia International is a leading worldwide network of independent accounting and consulting firms with 520 offices in over 100 countries, providing a comprehensive portfolio of assurance, tax and business advisory services.
With a substantial presence in the world’s major financial and economic centres, Nexia is strategically positioned to serve the diverse international requirements of its clients ranging from globally listed entities and international subsidiaries, to owner managed businesses and high net worth individuals.
Nexia member firms had combined global fee income of US$2.2bn in 2008 and Nexia was ranked the 10th largest international network by revenue in the latest International Accounting Bulletin World Survey (Dec 2008).
