Reanda International Ranked No. 20 in Global Accounting Networks

Reanda International Network holds on to its 20th place in the world ranking of accounting networks according to the International Accounting Bulletin (IAB) World Survey 2011 published recently.

The Reanda International fee income, number of offices and partners has increased compared to 2010. Based on the aggregate fee income in 2011, Reanda International recorded a growth rate of 42%, following a combination of factors including the integration of the management consulting division of our Japan member firm into the network, the admission of two new member firms and the overall growth in other member firms. In addition to the above factors, the admission of three new branch offices by Reanda China also contributed to the growth in both the staff force and fee income. The offices of Reanda International's member firms were increased by 60 percent with the addition of 15 offices by the end of 2011. With annual turnover of USD87.3 million, Reanda International currently comprises 40 offices employing 96 partners and 2,066 staff.

Franklin Lau, CEO of Reanda International commented, "The Reanda International double-digit growth in fee revenue, ahead of the average annual growth rate of 8% of all leading networks, is largely fueled by the robust momentum of the Asia-Pacific region. Setting sights for 2012, the network targets to recruit more members from countries in ASEAN, South Asia and strategic tax regimes to fortify our networking in the region, at the meantime, focus ourselves to set up expert teams and service integration to keep up with the pulse of business growth in Asia."