Asked about the prospect of member firms joining up,
chief executive David McConnell told Accountancy Age: ‘I think it will
happen. If you go to the medium-term, I do see our organisation consisting of
fewer member firms.’
McConnell revealed that GTI has had ‘discussions’ about mergers, but that
nothing will happen ‘in the immediate future’.
The comments are the strongest indication of any firm following KPMG’s lead.
In forging its KPMG
Europe structure, the firm took the lead in global integration. Other firms
have indicated they want to stand back and see how KPMG does.
GTI has 90 member firms around the world, with the US, UK, Canada and
European countries forming the largest constituents.
GTI’s relationship with its members has not been without its troubles in the
past with the expulsion more than four years ago of its Italian member firm SpA
following the Parmalat scandal.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal