PracticeAccounting FirmsE&Y takes Andersen in Russia

E&Y takes Andersen in Russia

Ernst & Young has announced that its office in Russia is to merge with Andersen's business in the former soviet country.

Following hard on the heals of news that Andersen’s units in China and Hong Kong had joined PricewaterhouseCoopers, the news apears to indicate a free for all is under way for local offices of the crisis-stricken firm.

Andersen announced on Tuesday that it was to merge all its non-US business with fellow Big Five firm KPMG but the proportion of the firm joining the marriage appears to be decreasing day by day.

Hans Jochum Horn, general director of Arthur Andersen ZAO, said: ‘Thesynergies between Ernst & Young’s practice in Russia and our own areoutstanding. Ernst & Young has a high quality practice in Russia with aprestigious international clientele. Ernst & Young’s firm culture is muchlike our own, and its international support network offers our clients theessential support they need.’

Ernst & Young CIS managing partner Stephen Moosbrugger said: ‘AndersenRussia has a leading and pioneering position in the Russian marketplace.Combined with Ernst & Young, it will form the pre-eminent audit, tax andlegal practice in the region.’

The firms have said they will practice as Ernst & Young in Russia.

Related Articles

Productive accountancy firms lead the way

Accounting Firms Productive accountancy firms lead the way

2d Simon Adcock, HSBC
LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

Accounting Firms LLPs in Top 50+50: Will LLPs continue to be the preferred set-up?

3d Fergus Payne, Lewis Silkin
BDO’s global revenues pass $8bn

Accounting Firms BDO’s global revenues pass $8bn

1w Alia Shoaib, Reporter
Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

Accounting Firms Top 40 International Networks, Associations and Alliances: Finding growth amid uncertainty

2w Philip Smith, Reporter
Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

Accounting Firms Top 40 International Networks, Associations and Alliances 2017: Big Four tussle for top spot

2w Emma Smith, Managing Editor
BDO reports revenue growth of 5.7%

Accounting Firms BDO reports revenue growth of 5.7%

2w Alia Shoaib, Reporter
Taylorcocks announces merger with Surrey firm

Accounting Firms Taylorcocks announces merger with Surrey firm

3w Emma Smith, Managing Editor
Kingston Smith reports 7% gender pay gap

Accounting Firms Kingston Smith reports 7% gender pay gap

3w Emma Smith, Managing Editor