Reanda International aggregate fee income reached US$260 million in 2021 with a 11% year-on-year growth

Reanda International is pleased to announce that our total aggregate fee income for the year ending 31 December 2021 reached US$260 million, representing 11 percent growth year-on-year. According to the 2022 World Survey released by International Accounting Bulletin (IAB) in March 2022, Reanda International is ranked number 25 in the league table. Currently, Reanda International is represented by 50 global presence with more than 137 offices, 231 partners and 4,551 staff.

Against the backdrop of the continuous global pandemic in 2021, Reanda International’s performance nevertheless has been resilient. Reanda International saw solid performance across most regions despite difficult global economic conditions, particularly that the Asia Pacific region grew by 15%. In 2021, Asia Pacific remained Reanda International’s largest region, bringing in 79 percent of fee income followed by the Europe and the Middle East regions contributing 15 % and 5 % respectively.

Reanda International’s service line fee shares remain similar to those of previous years across the network. Audit and accountancy remains Reanda International’s largest service line, accounting for 41% of fee income while tax, advisory, and other services accounted for 11%, 10% and 38% of the fee income of the network respectively.

While the global outlook remains uncertain in 2022, Reanda International will continue cling to innovation for mutual cooperation and business growth with its members, as well as enhancing the network-level global monitoring work, which puts us in a strongposition to rebound and leverage opportunities in the post-pandemic era.