Praxity alliance posts modest growth
3% growth for Praxity firms, as the Americas outperform the rest of the world
3% growth for Praxity firms, as the Americas outperform the rest of the world
GLOBAL ACCOUNTING ALLIANCE Praxity has reported a 3% increase in member revenues for 2012.
Fees for the alliance, which includes Mazars, rose to $3.72bn (£2.37bn), compared to $3.69bn a year earlier.
The number of Praxity participant firms fell to 62 from 69, following a series of mergers and acquisitions. However, partner numbers climbed to 2,768 across 95 countries, from 2,500 in 84.
The Latin America region grew 11%, while North America grew 5%.
Praxity chairman Rick Anderson said: “Although this is a modest increase, it is a strong and solid performance when you take into account the market conditions and exchange rate fluctuations.”
Other UK firms affiliated with Praxity included Forrester Boyd, Garbutt & Elliott, Jackson Andrews, PM&M Solutions for Business, Ritson Smith, Rouse Partners and Springfords.
More about:
The numbers you crunch tell a story. Your expertis...
11yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleFrancesca Lagerberg sheds light on how practice strategy is helping to guide more than 140 member firms through global turbulence Read More...
View articleThe importance of the advisory role has increased substantially after the turbulent last few years Read More...
View articleAccountancy Age spoke with Mazars’ newly appointed audit partner, Andrew Jones, who outlined his reasoning behind taking the role and what he believes...
View articleAnalysis by Mazars shows annual interest payments will increase to £25.7bn straight away Read More...
View articleFollowing the release of the Brydon report, in which Sir Donald Brydon has made 64 recommendations on how to improve the troubled UK audit industry, A...
View articleWhat lies ahead for the international accountancy networks and associations? Accountancy Age asked for their views on opportunities, threats and where...
View articleThe 2019 Accountancy Age International Networks Ranking reveals steady growth of nearly 9% across the board, despite continuing global economic uncert...
View articleThree major mid-sized firms have welcomed new partners into their offices, while an industry veteran retires from MHA Monahan. Read More...
View article