Top 20 Global Accounting Networks in 2023
Accounting networks are a group of service providers who offer accountancy-related services globally for their clients. Each entity within this network remains independently owned and operated. The first such accounting network was established in the United States Securities Exchange Commission to ensure audit standard consistency. Eventually, these networks expanded abroad.
Accounting networks are established with a common goal to give clients the seamless support they need around the world. To provide a seamless experience, every member of the accounting network is bound by agreements that will define the quality standard for the brand.
The Benefits That Members Gain
As a member of the global accounting network, members can raise their fees because of the credibility the brand brings. Being part of a larger branding group has significance and differentiates an accounting firm from the rest of its competitors. One example of the impact that branding has can be seen with the Big Four (Deloitte, Pricewaterhouse Coopers, KPMG & Ernst & Young), where the name alone makes an impact.
Members also have the option to cost-effectively take on international projects. Across its operations around the globe, the set standards means that integrating records becomes a seamless process for the clients. This includes the consolidated reporting process.
What Services Do Accounting Networks Provide?
Audit, advisory, actuarial, assurance, financial & risk advisory, analytics & data, management & strategy consulting, & tax advisory are some of the typical services offered by accounting networks.
List of global accounting networks and the number of countries present in
Based on information collated from various sources, the top 20 global accounting networks reflected that they operate across various countries ranging from 100 to 164. These comprises of organisations that have operated since 1845, to newer ones that commenced in 2011.
|Rank||Accounting network||No. of countries||Country of HQ||Year established|
|2||HLB International||156||United Kingdom||1969|
|4||PKF International||150||United Kingdom||1969|
|5||Deloitte Touche Tohmatsu||150||United States||1845|
|6||Ernst & Young||150||United Kingdom||1849|
|7||Baker Tilly International||146||United Kingdom||1988|
|8||Crowe Global||145||United States||1915|
|10||Grant Thornton International||140||United Kingdom||1980|
|11||Geneva Group International||126||Switzerland||1995|
|12||Nexia International||122||United Kingdom||1993|
|13||Kreston International||120||United Kingdom||1971|
|14||RSM International||120||United Kingdom||1964|
|18||Moore Stephens International||108||United Kingdom||1907|
|19||MGI Worldwide||100||United Kingdom||1947|
|20||Russell Bedford International||100||United Kingdom||1983|
*Information as of 20 May 2023 from Google. Revenue and number of office figures have been excluded due to limited information available
Notably the Big4 are well positioned within the top of range, benefiting from the virtuous cycle of a wide global reach. 3E Accounting’s international network is the largest in Asia and the only one from Singapore.
Data as per research based on 20 May 2023. Although every effort has been made to provide complete and accurate information, we makes no warranties, express or implied, or representations as to the accuracy of content in this article. Singapore Brand assumes no liability or responsibility for any error or omissions in the information contained in the article. This article is not intended to constitute advice nor is it to be used as a substitute for specific advice from a professional. Users should not act (or refrain from acting) based upon information in the article without independently verifying the information and obtaining any necessary professional advice. Users are solely responsible for ensuring the accuracy, currency and other qualities of the data in the article.