Kreston International admits Eurasian Financial Services, Kazakhstan
November 24, 2014
Kreston International admits Eurasian Financial Services, Kazakhstan.
Kreston has admitted audit firm Eurasian Financial Services LLP (“EFS”), based in Almaty, Kazakhstan, to membership.
Jon Lisby, Kreston CEO said:
“Kreston has been looking for a high quality firm to represent our interests in Kazakhstan. The quality of the large international client base of EFS is testament to their capability to be the Kreston representative in Kazakhstan.”
Director of EFS, Zhamilya Eshniyazova said:
“We are very pleased to be part of the Kreston network. We look forward to working with our fellow partners around the world and to offer them professional support in all their client requirements”
News
Kreston admits Friebe – Prinz + Partner, Germany
November 20, 2014
Kreston admits Friebe – Prinz + Partner, Germany.
Kreston has admitted Friebe – Prinz + Partner based in the South-Westphalia region of Germany to membership.
South-Westphalia is one of Germany’s strongest economic regions, characterised by medium-sized industrial enterprises and is a leading location for automotive suppliers.
Founded in 1973, Friebe – Prinz + Partner has 10 partners and 70 professional and support staff based in offices in Lüdenscheid, Hagen, Olpe and Letmathe. As part of Kreston’s strategy to secure a firm in this region, Friebe – Prinz + Partner will complement other Kreston service offerings across the main business hubs of Germany.
Jon Lisby, Kreston’s CEO said:
“Kreston continues to recruit firms of exceptional quality. The recruitment of Friebe – Prinz + Partner is no exception and their admittance will ensure we continue to offer our clients the best representation across the main regions of Germany. I look forward to working with the Friebe – Prinz + Partner team and to welcoming them to the Kreston Germany network”.
Partner Dr. Volker Jahr commented:
“We are honored to be admitted as a member of Kreston International. We look forward to working with our global partners and of developing trusted and working relationships with our fellow Kreston firms in Germany.”
Pictured left to right:
Dr Volker Jahr, Dagmar Brösztl-ReinscH, Kreston Board Director and Partner at Kreston Bansbach GMbH; Dr. Gunter Friebe, Michael Engels, Martin John, Klaus-Peter Stolz and Kreston CEO, Jon Lisby.
News
Kreston China Powers Ahead
November 17, 2014
Kreston China Powers Ahead
48 Partners and Senior Managers attended the 2014 Kreston China Conference in Wuxi in Jiangsu Province hosted by Jiangsu Gongqin CPAs.
The Business Programme included a Kreston China Managing Partners Meeting to agree strategies to strengthen national and international collaboration. The group was joined by partners from Hong Kong, Taiwan, Singapore and Malaysia. The Conference Break out groups covered audit, taxation, valuation and construction. Discussions centred on increasing the effectiveness of communications across the service lines and developing the national intranet to extend sharing of best practice.
Edmond Chan, Kreston’s Asia Pacific Director and Regional Secretary said:
“This was our largest China Conference to date and it is extremely rewarding to see the commitment and enthusiasm of our members to further development and strengthen our China offering for entrepreneurs and listed companies throughout China and the world”
Jon Lisby, Kreston’s CEO, who was in attendance commented:
“The growth of Kreston’s China network over recent years has been impressive – we now have outstanding representation in 20 major cities with a number of additional branch offices. We plan to introduce new member firms in Chengdu, Changsha, Shenzhen and Yinchuan shortly to further extend our capability and geographical coverage”.
Notes:
Kreston China is a network of independent accounting firms with major offices in the mainland cities of Beijing, Chengdu, Chongqing, Dongguan, Guangzhou, Hangzhou, Hefei, Jinan, Kunming, Nanjing, Nanning, Ningbo, Shanghai, Shenyang, Shenzhen, Taiyuan, Tianjin, Xian and Wuxi together with Hong Kong and Taipei, Taiwan. The majority of firms are ranked within the Chinese top 100 accounting firms and Kreston China is ranked within the Top 10 national networks.
News
Kreston International strengthens service line offering in Chennai with admittance of M.K. Dandeker
Kreston International strengthens service line offering in Chennai with admittance of M.K. Dandeker & Co. (“MKD”)’
With additional branches in Mumbai, Hyderabad and Bangalore and headed up by 9 Partners and with 76 professional and support staff, the firm, which was founded in 1940, offers Audit, Tax, Advisory and Corporate Finance Services to clients, including to a significant number of leading multinationals.
Jon Lisby, Kreston CEO said:
“The admittance of M.K Dandeker & Co to the Kreston India network, continues Kreston’s strategy to offer complete geographical coverage across India. The client list of Dandeker is a testimony to the quality of their service offering”
Kishor Dandeker, Principal Partner of MKD commented:
“We are very pleased to be part of the Kreston network. We look forward to working with our fellow partners around the world and to offer them professional support in all their client requirements”
Senior Partner, Vignesh Shankar said:
“Being part of Kreston gives us the impetus to further support our clients globally and other Kreston clients locally. It’s a synergy we are keen to explore, and which we hope will assist to further strengthen the Kreston brand”
Note:
Kreston India is a network of independent accounting firms with major offices in the main cities of Bangalore, Baroda, Cochin, Hyderabad, Jaipur, Kolkata, Mumbai, New Delhi and Raipur
News
Kreston highlights importance of quality and business development at first Middle East Conference
November 11, 2014
Kreston highlights importance of quality and business development at first Middle East Conference.
Kreston International held its first Middle East Conference from 3-5 November in Dubai. Hosted by Kreston member firm, Awni Farsakh & Co, the event took place at the Radisson Blu Hotel Dubai Downtown. Delegates from all Kreston firms across the Middle East attended, as well as members from India and Jersey.
Following a welcome reception and dinner at the hotel, the conference agenda included sessions on the development of business and the profession; understanding the capabilities of firms in the region and the opportunities open to members for business development.
Kreston CEO, Jon Lisby, who presented on Kreston strategy, development and brand values and behaviours said:
“This first Middle East event enabled the regional Kreston firms to strengthen relationships and identify business development opportunities”. Emphasising the importance of the quality of our service offering, Kreston’s Director of Quality and Professional Standards, Andrew Collier, updated members on current quality issues and then ran a full day’s training session on effective and efficient audit which included the key issues that members should consider when planning an ISA complaint audit.
Andrew commented:
“The delegates were able to discuss current issues and share good practice to further enhance the technical and service quality offered to clients.”
Andrew Collier back row, third from left and Jon Lisby, front row, third from left with delegation.
News
Kreston leads debate on EU Audit Policy Reform
November 10, 2014
Kreston leads debate on EU Audit Policy Reform
Kreston represented on panel at Compagnie Nationale des Commissaires aux Comptes (Audit Policy Conference).
CNCC, the French Body of the Audit profession, together with the regional institutes of Paris and Versailles, held a round table in Paris recently to discuss EU audit policy reform.
Kreston International was well represented at the event with Brendan Murtagh from LHM Casey McGrath (Ireland) and Member of the International Auditing and Assurance Standards Board, presenting on the Audit of SME’s and Gerhard Ziegler from Bansbach (Germany) and President of WPK, discussed Non Audit Services.
Sue Almond, Kreston’s former Director of Quality and Professional Standards and now Director of External Affairs at ACCA was also on the panel.
The conference brought together representatives from across Europe and was an opportunity for EU professionals to exchange their views and expectations regarding the implementation of the new legislative framework resulting from the 2014 Audit Directive and Regulation.
The discussion was wide ranging and the agenda included the following:
Definition and scope of PIE’s
Mandatory audit firm rotation
Non audit services
Audit of SME’s
The aim of the meeting was to provide the French and wider European profession with a clearer picture on how the profession in each country would like their legislators and regulators to best implement the new legislation and what options in the Directive and the Regulation would be most suitable for the profession in each country.
Panayotis Liolios and Jean-Marie Ferrando from Kreston’s French network, Exco were also in attendance.
left to right: Panayotis, Jean-Marie, Brendan, Sue and Gerhard.
Brendan writes for the IAASB’s monthly review, Practical Audit and Accounting and further reading can be seen here by viewing his latest article “Changing Times for Auditing Standards.”
News
KAP Hendrawinata Eddy & Siddharta, and KAP Drs J Tanzil & Rekan merge
KAP Hendrawinata Eddy & Siddharta, and KAP Drs J Tanzil & Rekan merger strengthens Kreston International position in Indonesia
KAP Drs. J. Tanzil & Rekan, the largest public accountancy firm in East Indonesia has merged with KAP Hendrawinata Eddy & Siddharta; significantly strengthening Kreston International’s presence in the region.
Kreston International CEO, Jon Lisby, said:
“We are delighted that these two firms have come together and wish them every success for the future. Their involvement and commitment to the Kreston network will strengthen our offering in the region.
He continued:
“We work closely with our member firms to create global cohesion with local connections that enables people to do business with those they know, like and trust. This approach results in the provision of convenient access to a quality and reliable accountancy service, located anywhere in the world.”
The two firms officially merged on 27th October and will offer clients audit, tax and management consulting services under the new name of KAP Hendrawinata Eddy, Siddharta & Tanzil.
Dr J Tanzil, Chairman of KAP Drs J Tanzil & Rekan said:
“It is an honour to join KAP Hendrawinata, Eddy Siddharta and to be a part of Kreston International network of accountancy firms. This merger not only put us in a stronger position to compete in a highly competitive and challenging economic market, but it also gives emphases to the quality of our offering, given Kreston’s quality assurances.”
KAP Hendrawinata Eddy Siddharta & Tanzil is now part of the 10th largest Accounting Firm in Indonesia with 28 Partners who will be supported by more than 300 professional and support staff.
Tan Siddharta, Managing Partner of KAP Hendrawinata Eddy & Siddharta, said:
“It is a pleasure to merge with such a renowned accountancy firm. This move is part of our strategic plan to grow, strengthen and expand our business, which in turn will enhance our offering in the local and global market place.”
Partners duing the merger announcement.
KAP Hendrawinata Eddy Siddharta & Tanzil operates from offices in Jakarta, Medan, Surabaya and Yogyakarta.
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