The International Accounting Bulletin (IAB) World survey 2014 announced that Nexia International remains among the top 10 major global accounting networks, as measured by fee income. In Europe, Nexia overtook Baker Tilly for 7th place in the rankings.
Nexia International’s financial results for 2013 showed total revenue, at US$2.9bn, up 3% from 2012. The network saw its largest share of fee income from North America (US$1.41bn). This was followed by Europe (US$1.16bn), Asia-Pacific (US$250.5m), Latin America (US$47.5m) and Africa and the Middle East (US$43.6m).
Kevin Arnold, CEO of Nexia International, said: “These results reflect the success of our growth strategy which is to recruit high-quality firms in key and emerging markets, together with the delivery of several innovative initiatives designed to benefit our member firms.”
“Our impressive fee income combined with the number of enquiries we receive from firms around the world wishing to join the network is clear evidence that Nexia International continues to go from strength to strength.”