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The fruits of our labours

After a decade of consistent growth since its foundation in April 2007, International Accounting Bulletin’s ‘Association of the Year’ – Praxity – recently celebrated its tenth anniversary.

Record global revenues for 2016 have firmly cemented Praxity’s position as the world’s largest alliance of independent accounting and consulting firms, and its 7th largest accounting association*.

This performance reflects the continued strength of the alliance’s 64 participant firms from more than 100 countries around the world, whose combined global revenues hit a record US$4.75 billion for the year to 31 December 2016.

Aside from impressive and sustained growth, IAB Awards judges made clear it was Praxity’s global influence, worldwide client service, the gender diversity it promoted and the knowledge and resources it pooled that marked the alliance out as a clear winner.  

As Praxity’s Chair Hilton Saven points out, none of these are achievable without the commitment of the 41,700 worldwide experts at participant firms and their ‘sharing expertise across international borders and delivering world class service at a local level.’

So, as the approaching Labour Day sees many celebrating the achievements of working people around the world, there’s no better time to shine a light on the hard-earned achievements of the member firms on which Praxity’s reputation and success depends.  

Just some of the recent awards and bouquets bestowed on Praxity’s participant firms: 

• Plante Moran named, for 19th consecutive year, to FORTUNE Magazine’s list of ‘The 100 best companies to work for’ 
• Mazars topped InfraDeals’ 2016 league table 
• William Buck one of best places to work in New Zealand 
• Kaufman Rossin named ‘Best place to work’ in South Florida, and recognised in the Top 10 Best Accounting Firms in Miami, by Advisory HQ 
• Managing Principal of Kaufman Rossin, Blain Heckaman, named a 2017 South Florida Power Leader 
• Mazars named Tax Team of the Year in the Accountancy Age Top 50 at the British Accountancy Awards
• PM+M named amongst top 3 best UK accountancy employers
• BKD named to Training Magazine’s Top 125 for 4th straight year 
• Rouse Partners in British Accountancy Awards top 5 for ‘Most innovative practice – mid-tier firm’
• Forrester Boyd won AccountingWEB’s Practice Excellence Award for Large Practice of the Year 2016
• Mazars outranks all the Big 4 firms in All About School Leavers survey
• Albert Goodman Financial Planning named in CityWire’s Top 100 Financial Advisors for 2016, with firm Partner Louise Osborne recognised in CityWire’s ‘Top 35 under 35’ 

The Praxity alliance has been awarded in three of the last four years and named Association of the Year in 2014, and Rising Star in 2013.  IAB also shortlisted Praxity for Communication of the Year in 2016, recognising the sense of community being fostered by its expanding marketing – the new online Resources Hub, Tax Blasts, In The Loop and Alerts emails – that keep the globally-distributed Members informed, equipped, and feeling like a welcome part of the Praxity family, without losing their individual identity and wherever they serve their clients.  

While the future holds common challenges for all Members – keeping up with the pace of globalisation and the impact of technology on markets, the professional services sector and communications – the alliance is fit for what’s to come, as strong and confident as ever.  

‘The global economy is here to stay, technology is transforming business, the long-term impact of recent political changes in America and decisions in Europe are uncertain. But if we all maintain the long-term vision, these will be like little speeds bumps to negotiate and not directional changes to navigate’, said Moss Adams’s Rick Anderson, Chair of the Praxity alliance from 2013 to 2015, and whose firm helped found Praxity.

His successor, Hilton Saven, is equally clear about the task, and committed to delivering the mission at Praxity’s heart since its creation – to be the most advanced alliance of strong, like-minded, independent and committed accounting and allied services firms that work seamlessly together across borders, delivering unmatched client service and quality solutions globally. 

Although ‘delighted with the result of our collective endeavours over the past 10 years,’ Hilton Saven also makes clear that ‘we’re not complacent, and will continue developing a platform for participant firms to connect and share international expertise, seamlessly and cost-effectively. Here’s to the next 10 years!’ 

*International Accounting Bulletin World Table 2017, excluding correspondents and non-exclusive participant firms.​