Reanda International holds on to its 24th place in International Accounting Bulletin 2019 World Survey

According to the International Accounting Bulletin (IAB) 2019 World Survey, Reanda International holds on to its 24th amongst the international accounting networks. Currently, Reanda International is represented by 35 network firms with more than 125 offices and 4,000 professionals, and a global aggregate fee income of USD222.4 million.

Based on the aggregate fee income in 2018, Reanda International excelled with a growth rate of 16% while the number of professionals was increased by 12% with an addition of 440 personnel by the end of 2018. A combination of factors contributed to the growth including the admission of 5 new network firms in Egypt, the Netherlands, Poland, Mozambique and Belarus, the overall growth of the existing network firms as well as the strong momentum of referral within the network which experienced a significant increase of 52% in volume comparing to 2017.

In 2018, all regions experienced Impressive development, especially the Asia Pacific region and Europe regions who delivered remarkable performance throughout the year; Reanda China (+13%) keeps leading the way while the network firm India (+82%), Indonesia (+53%) and Nepal (+50%) caught up substantially by recruiting new clients alongside with organic growth of the firms, which brought this region a total of 14% growth in 2018. Moreover, the fast growing Europe region reached a notable increase of 36% contributed by the admission of 3 new network firms in 2018 as well as the outstanding performance of Reanda Italy(+52%), Malta(+46%) and Cyprus(+27%) who endeavored to expand their client profile and recruit new staff to support the diverse needs of clients. Reanda’s service line fee shares remain similar to previous years across the network, audit and accounting service, tax service, advisory service and others accounted for 40%, 13%, 11% and 36% respectively.

In the year of 2019, Reanda International shall keep expanding its presence globally by recruiting quality and sizable firms in different regions as to enhance the ability to serve multinational clients and continue to explore potential cooperation amongst the network firms.

Please see below full ranking table:

 


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