global update kevin arnold executive director. introduction
TRANSCRIPT
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Global Update
Kevin Arnold
Executive Director
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Global Update
To provide a brief update on issues and events since November 2009.
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Scope
• Membership Development.
• Scale of our Network
• Member Involvement-Conferences and Committees.
• Decisions & Developments
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Scope
Membership Development.
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Membership Terminations: 2010
• Urbano Ventocilla (Peru)• Shanghai Fuxing Mingfang (China)• VSI-KO (Bulgaria)• ROSCO Corporation (Russia)• K.A.C. (Ukraine)• Bodden Anglin (Cayman Islands)
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Membership Gains & Losses: 2010
• Gains• Euroaudit (Azerbaijan)• GTM Group (U.S.A.)• Losses• SCI Kakofegitis & Co. (Cyprus)• Ord Nexia (Australia)• Nexia Croatia
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Potential Members
• Botswana
• Uganda
• Georgia
• Nicaragua
• New Zealand
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Scope
Scale of our Network.
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Organisational & Financial Growth 2010
• 2010 Fee Income: US$2.08bn - 0.5%
• 580 Offices -1.7%
• 2,280 Partners +1.7%
• 20,000+ Total Staff -3%
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Financial Performance: 2008 - 2010
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Regional Composition: 2010
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Financial Statements: 31 October 2009
• Net assets £650k (+30%)
• Current assets £856k (+7%)
• Liabilities and provisions £218k (-30%)
• Total revenue £1.609m(+29%)
• Expenditure £1.467m (+45%)
• Net surplus £148k vs. budgeted deficit of £112k
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SO WHAT?
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SO WHAT?•
• We now have over 580 offices world wide.
• We have over 20,000 staff.
• We are financially sound and well set up to develop.
• Nexia International remains a ‘Top 10’
international network.
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Scope
Member Involvement-Conferences.
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Annual Conference: Prague
Biggest conference attendance in Nexia’s
history with: 220 Delegates100 accompanying guests67 countries represented
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Annual Conference: Prague
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ANZ Regional Conference – April 2010
• ‘Sharing Success’• Outside facilitators.• Record Attendance-
full participation.• Best Practice?
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European Meeting - Amsterdam
• 100 Delegates
• 90% attendance despite the ash cloud closing main airports!
• European Tax Group Meetings in Milan, Malta & Gothenburg
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Asia Pacific Regional Meeting, Mauritius
• Working Committees formed
• Asia Pacific Newsletter launched
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International Tax Conference: New York
100 delegates 25 accompanying
guests 30 countries
represented
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North and Central America Regional Meeting
• 65 Delegates
• Held at the American Institute of CPA’s in New York
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South American Regional Conference
• Ecuador • 16 Countries represented• 34
Delegates
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Asia Pacific Young Leaders Conference, Mauritius
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Young Managers & Leaders
• Barcelona, September 2010
• 35 delegates
• 22 in Managers, 13 in Leaders
• Combined for first time and run concurrently with combined social events
• Made local press!
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Nexia China Audit ConferenceNexia Audit Approach -International Auditing Standards
• 30 participants from:• Beijing Zhonglei• Beijing Yongtuo • Shanghai Hongda
Dongya • Nexia TS (Shanghai)• Guangzhou Xinzhongnan
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Middle East and Africa Regional Audit Methodology Training
• 50 delegates• Held in Beirut, Lebanon• Delegates from 13 countries
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2010 Conference Programme: Regional Conferences• Europe: 7-8 April
(Budapest, Hungary)• North & Central
America: 4-6 May (Los Cabos, Mexico)
• Middle East & Africa 7-8 May (Tunis, Tunisia): TBC
• Asia Pacific: 27-29 May (Bali, Indonesia)
• ANZ: 7-9 July (Christchurch, New Zealand)
• South America: 24-26 July (la Paz, Bolivia)
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Knowledge Sharing Programmes
• Asia Pacific Young Leaders Programme: 24-25 May (Bali, Indonesia)
• International Tax Conference: 1-4 June (Istanbul, Turkey)
• European Young Managers and Leaders Programme :13-16 August (Barcelona, Spain
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2012 Conference Schedule
ALL conferences to be coordinated and published by
May 2011.
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Scope
Decisions and Developments
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Board activity: major issues 2010
Completed• Strategic Plan• Re-organisation of Nexia Structure• Development of revised Membership Agreements
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Board activity: major issues 2010
In progress• Amalgamation of Europe and MEA regions• Comprehensive international trademark registration• Nexia Operating Procedures Criteria for Membership Member Non-Compliance Nexia Contact Partners Umbrella group reports.
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Amalgamation of Europe + Middle East & Africa regions
Consistent with international structure of peer organisations, networks & associations
Enables Nexia to strengthen resources/capacity of Middle East & Africa firms through access to European resources on quality/training & education and marketing
Continue to maintain regional identity of Europe/Middle East/African groups within larger structure
No fee increase planned. Board approval in principle. Decision to be taken at November Council meeting
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Secretariat Activity: 2010
• Introduction of 2010 IFRS Guide & IFRS webcasts (Audit Committee)
• Launch of Corporate Brochure (Marketing Committee)• Production of 2011 International Tax Handbook (Tax
Committee)• Development of Nexia Directory mobile phone
application (Marketing Committee)
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Comments or Questions?