Reanda International is a network of worldwide independent professional firms which collaborate to provide assurance, tax, consulting and specialist business advisory to individuals, privately held businesses and transnational conglomerates. These firms are members of the Reanda International Network, connected through membership in Reanda International Network Limited("RINL") – a Hong Kong private company limited by shares – being the overseas headquarter and a wholly owned subsidiary of Reanda International Investment (Beijing) Company Limited ("RIIB"), a limited company registered in China.
The Reanda International Network is administrated and coordinated by RINL with the policies and guidelines back by RIIB. RINL's primary activities are to: identify market opportunities and develop networking strategies; strengthen the product, skill, and knowledge within the Network; promote the Reanda brand; and develop and monitor the quality standards of member firms. RINL and RIIB do not themselves provide services to clients.
Each member firm provides services in a particular geographic area and is subject to the professional regulations and laws of the particular country or territory in which it operates. RINL, RIIB and each member firm are separate and independent legal entities, which are locally owned, operated and managed, and responsible for its own liabilities. Each member firm is structured differently in accordance with domestic laws and regulations and is not member of one international or legal partnership. RINL, RIIB and each member firm are liable only for their own acts or omissions and are not responsible for the services or activities of any other. Despite the legal form as mentioned, each member firm is allowed to use the Reanda acronym and is committed to the standards, quality inspection and missions brought by Reanda International.
Reanda International also appoints independent professional firms as correspondent firms to perform designated services in particular geographic areas where such services are, at presence, not available from the existing member firms. Correspondent firms are not member firms of the Reanda International Network and do not have the same responsibilities or rights as a member firm.Correspondent firms are not allowed to apply the Reanda acronym for their firm names. They are allowed to identify themselves as a “Correspondent firm of Reanda International”. Each correspondent firm provides services in a particular geographic area on its own liabilities and is subject to the professional regulations and laws of the particular country or territory in which it operates.
Reanda International enters Memorandum of Understanding (MoU) with invited independent professional firms that are interested in joining Reanda International as members. MoU-entered firms may participate in most of the network events during the period prior to the acceptance of their formal membership application. MoU-entered firms are not member firms nor correspondent firms of the Reanda International Network and do not have the same responsibilities or rights as a member firm nor a correspondent firm. MoU entered firms are not allowed to apply the Reanda acronym for their firm names nor the professional services they provided.