Nexia International (Nexia), a network of independent accounting and consulting firms, is delighted to announce that according to the latest International Accounting Bulletin (IAB) World Survey, the network has risen one place since last year to become the 9th largest global accounting network, as measured by fee income.
The financial results for 2017, show total fee income of more than US$3.62bn – an increase of 13% on 2016.
This increase in global revenue is a result of growth right across the network. The Asia Pacific region achieved spectacular growth of 62%, including a doubling of fee income in China for the second consecutive year.
The North & Central America region showed an increase of 8%, matched by Europe, Middle East and Africa, which grew by 7%.
Kevin Arnold, CEO of Nexia International, said: “This impressive growth across the network is great news and we are delighted to have risen to 9th position in the global rankings.
This rise in fee income is clear evidence that we continue to successfully implement our long-term growth strategy of recruiting high quality firms in key and emerging world markets.”