RSM International

RSM International
Member firms have different legal structures, USA and UK: Limited Liability Partnership
Industry Professional services
Founded 1964
Headquarters London, UK
Area served
 Worldwide
Key people
 Jean Stephens (CEO)
Services Assurance
Tax Advisory
Consulting
Financial Advisory
Other
Revenue Increase US$ 4.64 billion (2015)[1]
Number of employees
 38,000+ (2015)
Divisions Audit, Tax, Consulting
Website rsm.global

RSM International, branded RSM, is a multi-national network of accounting firms forming the sixth largest accountancy professional services network in the world. The member firms of RSM are independent accounting and advisory firms each of which practices in its own right, and is unified as part of the network. The network is not a separate legal entity of any description in any jurisdiction, and does not provide services.

The largest member firms are RSM US, formerly known as McGladrey, the fifth largest accounting firm in the United States; RSM UK, formerly Baker Tilly LLP, the seventh largest accounting firm in the United Kingdom; and RSM China, formerly Ruihua Certified Public Accountants, the third largest accounting firm in China. Together, the North American, European, and Asia Pacific regions accounted for $4.64 billion of revenues in 2015.

On October 26, 2015, all member firms of the network were rebranded as RSM.

History

RSM International has been in continuous existence since 1964, when it began as a small network that was originally called DRM. In 1993, the organisation restructured and changed its name to RSM International.

Historically, RSM was derived from the initials of 3 of the original founding member firms of the organization:

Founding member Robson Rhodes was acquired by Grant Thornton and absorbed within their network,[2] while Salustro Reydel merged with KPMG.[3] McGladrey, or known as the RSM US member firm, is still part of the network today.

In January 2006, Ms. Jean Stephens became the first female Chief Executive Officer of a top 10 international accounting network.[4]

The current RSM logo – ‘The Progress Bar’ – was introduced in October 2015. The network’s global brand positioning ‘The Power of Being Understood’ was also introduced at this time.[5]

Services

RSM member firms provide the core service lines of audit and assurance, accounting, risk advisory, tax, transaction support, corporate restructuring & insolvency and IFRS services. RSM member firms also provide other business and consulting services. Member firms provide services according to the specific regulations and laws in their country.

Member firms

RSM is represented in 120 countries (as of December 2015).[6]

The member and correspondent firms of RSM are organised into geographic regions for the purposes of business development, administration, quality control and for the coordination of cross-border or multinational team assignments. The regions are constituted as follows: Asia Pacific, Latin America, North America, Europe, Africa and MENA. Member firms are well-established practices of high local standing, most of which are ranked within the top ten in their own country.

France

In 2004, subsequent to Salustro Reydel merging with KPMG, RSM France was created as the new French member firm with offices in Paris.

United Kingdom

Following the resignation of Robson Rhodes, Bentley Jennison later joined the RSM International network as its British member, becoming RSM Bentley Jennison.

RSM Bentley Jennison later merged with Tenon Group to become RSM Tenon, a company listed on the UK stock exchange. The financial problems of the combined RSM Tenon Group led it falling into administration with its assets acquired by Baker Tilly. In April 2014, Baker Tilly UK announced it would be joining the RSM International network later in the year and would adopt the RSM brand.[7]

Professional representation

In August 2010, Robert Dohrer,[8] RSM Global Leader for Quality and Risk, was appointed Chairman of the International Federation of Accountants Forum of Firms for a three-year term. RSM is also represented on other professional international committees including EGIAN and the International Federation of Accountants Transnational Auditors Committee.

RSM and the European Business Awards

RSM is the lead sponsor and corporate champion of the European Business Awards 2013/14 programme.[9][10]

See also

References

  1. ↑ http://www.rsm.global/news/rsm-achieves-6-fee-income-growth-and-moves-6th-worldwide-ranking. Retrieved 11 August 2016. Missing or empty |title= (help)
  2. ↑ "Auditors join forces to take on Big Four", Daily Telegraph, 28 April 2007
  3. ↑ International Accounting Bulletin, "RSM Salustro Reydel, KPMG to merge"
  4. ↑ RSM International press release Retrieved 12 July 2012
  5. ↑ RSM launches new global brand focused on 'understanding' Retrieved 26 October 2015
  6. ↑ RSM About Us Retrieved 02 December 2015
  7. ↑ http://www.dailyrecord.co.uk/business/professionals/baker-tilly-acquired-assets-former-3415608
  8. ↑ Biography of Robert Dohrer
  9. ↑ http://www.rsmi.com/en/press/rsm-announces-lead-sponsorship-of-the-european-business-awards.aspx
  10. ↑ RSM announces lead sponsorship of the European Business Awards Retrieved 1 March 2013
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