Reanda International achieves 15% fee income growth in 2015

Reanda International is pleased to announce that the aggregate fee income of all network firms reached USD165.1 million for the year 2015, a year-on-year increase of 15%. According to the International Accounting Bulletin (IAB) World Survey 2015 published in February 2016, Reanda International Network is ranked number 24 in the world ranking of accounting networks.

Despite the global economic and geopolitical challenges, our member firms demonstrated a robust performance with strong results across all our regions particularly in Asia Pacific. We saw steady growth in our members with Reanda China, Reanda Australia and Reanda Singapore leading the way. The overall growth of network was further bolstered by the appointment of new member firms in South Korea, Madagascar and UAE, being the first member in the Middle East.

In 2015, the number of offices has risen over 16% to 95. Reanda International is currently represented by 22 network firms and brings together 162 partners and 2,623 staff across 95 offices.

While Reanda International continued to source additional revenues from non-audit professional services as clients seek a more holistic approach to the services the network provides them, the fee income contributions from audit and accounting services were further diluted to 46% from last year’s 59%.

Looking ahead, Reanda International will continue to work on in becoming a truly global network by further establishing presence in Europe, Middle East and Africa while raising the network’s profile internationally and providing invaluable resources for our members.