Global Update

Kevin Arnold

Executive Director

Global Update

To provide a brief update on issues and events since November 2009.

Scope

• Membership Development.

• Scale of our Network

• Member Involvement-Conferences and Committees.

• Decisions & Developments

Scope

Membership Development.

Membership Terminations: 2010

• Urbano Ventocilla (Peru)• Shanghai Fuxing Mingfang (China)• VSI-KO (Bulgaria)• ROSCO Corporation (Russia)• K.A.C. (Ukraine)• Bodden Anglin (Cayman Islands)

Membership Gains & Losses: 2010

• Gains• Euroaudit (Azerbaijan)• GTM Group (U.S.A.)• Losses• SCI Kakofegitis & Co. (Cyprus)• Ord Nexia (Australia)• Nexia Croatia

Potential Members

• Botswana

• Uganda

• Georgia

• Nicaragua

• New Zealand

Scope

Scale of our Network.

Organisational & Financial Growth 2010

• 2010 Fee Income: US$2.08bn - 0.5%

• 580 Offices -1.7%

• 2,280 Partners +1.7%

• 20,000+ Total Staff -3%

Financial Performance: 2008 - 2010

Regional Composition: 2010

Financial Statements: 31 October 2009

• Net assets £650k (+30%)

• Current assets £856k (+7%)

• Liabilities and provisions £218k (-30%)

• Total revenue £1.609m(+29%)

• Expenditure £1.467m (+45%)

• Net surplus £148k vs. budgeted deficit of £112k

SO WHAT?

SO WHAT?•

• We now have over 580 offices world wide.

• We have over 20,000 staff.

• We are financially sound and well set up to develop.

• Nexia International remains a ‘Top 10’

international network.

Scope

Member Involvement-Conferences.

Annual Conference: Prague

Biggest conference attendance in Nexia’s

history with: 220 Delegates100 accompanying guests67 countries represented

Annual Conference: Prague

ANZ Regional Conference – April 2010

• ‘Sharing Success’• Outside facilitators.• Record Attendance-

full participation.• Best Practice?

European Meeting - Amsterdam

• 100 Delegates

• 90% attendance despite the ash cloud closing main airports!

• European Tax Group Meetings in Milan, Malta & Gothenburg

Asia Pacific Regional Meeting, Mauritius

• Working Committees formed

• Asia Pacific Newsletter launched

International Tax Conference: New York

100 delegates 25 accompanying

guests 30 countries

represented

North and Central America Regional Meeting

• 65 Delegates

• Held at the American Institute of CPA’s in New York

South American Regional Conference

• Ecuador • 16 Countries represented• 34

Delegates

Asia Pacific Young Leaders Conference, Mauritius

Young Managers & Leaders

• Barcelona, September 2010

• 35 delegates

• 22 in Managers, 13 in Leaders

• Combined for first time and run concurrently with combined social events

• Made local press!

Nexia China Audit ConferenceNexia Audit Approach -International Auditing Standards

• 30 participants from:• Beijing Zhonglei• Beijing Yongtuo • Shanghai Hongda

Dongya • Nexia TS (Shanghai)• Guangzhou Xinzhongnan

Middle East and Africa Regional Audit Methodology Training

• 50 delegates• Held in Beirut, Lebanon• Delegates from 13 countries

2010 Conference Programme: Regional Conferences• Europe: 7-8 April

(Budapest, Hungary)• North & Central

America: 4-6 May (Los Cabos, Mexico)

• Middle East & Africa 7-8 May (Tunis, Tunisia): TBC

• Asia Pacific: 27-29 May (Bali, Indonesia)

• ANZ: 7-9 July (Christchurch, New Zealand)

• South America: 24-26 July (la Paz, Bolivia)

Knowledge Sharing Programmes

• Asia Pacific Young Leaders Programme: 24-25 May (Bali, Indonesia)

• International Tax Conference: 1-4 June (Istanbul, Turkey)

• European Young Managers and Leaders Programme :13-16 August (Barcelona, Spain

2012 Conference Schedule

ALL conferences to be coordinated and published by

May 2011.

Scope

Decisions and Developments

Board activity: major issues 2010

Completed• Strategic Plan• Re-organisation of Nexia Structure• Development of revised Membership Agreements

Board activity: major issues 2010

In progress• Amalgamation of Europe and MEA regions• Comprehensive international trademark registration• Nexia Operating Procedures Criteria for Membership Member Non-Compliance Nexia Contact Partners Umbrella group reports.

Amalgamation of Europe + Middle East & Africa regions

Consistent with international structure of peer organisations, networks & associations

Enables Nexia to strengthen resources/capacity of Middle East & Africa firms through access to European resources on quality/training & education and marketing

Continue to maintain regional identity of Europe/Middle East/African groups within larger structure

No fee increase planned. Board approval in principle. Decision to be taken at November Council meeting

Secretariat Activity: 2010

• Introduction of 2010 IFRS Guide & IFRS webcasts (Audit Committee)

• Launch of Corporate Brochure (Marketing Committee)• Production of 2011 International Tax Handbook (Tax

Committee)• Development of Nexia Directory mobile phone

application (Marketing Committee)

Comments or Questions?