08-21-2007, 01:11 AM
Dears,
The SCI Management Board announced that it has reached agreement with the Board of Nexia International on a merger of the two networks from 1 December 2007. The merger of these two organizations will result in one of the leading international networks of independent firms in the world, anticipated to rank at least 10th in the IAB global rankings with
Coverage in 84 countries
Over 500 offices worldwide
Combined fee income US$2bn+ (2006)
The combined resources of the merged body will deliver strength of coverage in all the major global economic centres, and the resources to meet the increasingly diverse international requirements of membersâ clients. In particular, the relative strength of the European and Asia Pacific regional groupings is demonstrated when the U.S. revenue of the major networks/associatio ns is removed from global revenues (2006); with combined revenues of US$1,591.2m, the merged body would be ranked 7th in the world, above RSM International, Baker Tilly and Horwath.
The merger will be achieved by Nexia offering membership to all existing members of SC International with effect from 1 December 2007 and SC International will cease to operate from that date.
Member of SCI in Pakistan is Riaz Ahmad and Company while member of Nexia International is S.M. Masood & Company. It is expected that both firms will continue to be the member of new merged association in Pakistan.
Regards,
The SCI Management Board announced that it has reached agreement with the Board of Nexia International on a merger of the two networks from 1 December 2007. The merger of these two organizations will result in one of the leading international networks of independent firms in the world, anticipated to rank at least 10th in the IAB global rankings with
Coverage in 84 countries
Over 500 offices worldwide
Combined fee income US$2bn+ (2006)
The combined resources of the merged body will deliver strength of coverage in all the major global economic centres, and the resources to meet the increasingly diverse international requirements of membersâ clients. In particular, the relative strength of the European and Asia Pacific regional groupings is demonstrated when the U.S. revenue of the major networks/associatio ns is removed from global revenues (2006); with combined revenues of US$1,591.2m, the merged body would be ranked 7th in the world, above RSM International, Baker Tilly and Horwath.
The merger will be achieved by Nexia offering membership to all existing members of SC International with effect from 1 December 2007 and SC International will cease to operate from that date.
Member of SCI in Pakistan is Riaz Ahmad and Company while member of Nexia International is S.M. Masood & Company. It is expected that both firms will continue to be the member of new merged association in Pakistan.
Regards,
