After a decade of consistent growth since its foundation in April 2007, International Accounting Bulletin’s ‘Association of the Year’ – Praxity – celebrates its tenth anniversary this weekend.
Record global revenues for 2016 firmly cemented Praxity’s position as the world’s largest alliance of independent accounting and consulting firms. This reflects the continued strength of its individual expertise-sharing participant firms from 100 countries around the world ¬– combined global revenues of its 66 participant firms hit a record US$4.5 billion for the year to 31 December.
Praxity’s Chair, Hilton Saven, celebrated the anniversary with a tribute to the Alliance’s 45,000 worldwide experts and partners at participant firms:
‘The continued success of the Alliance demonstrates the commitment of participant firms to sharing expertise across international borders and delivering world class service at a local level.’
Praxity’s Executive Director Græme Gordon is clear about what has always truly set Praxity apart:
‘It’s the ‘can do’ attitude of our participant firms – they take pride in providing a fresh perspective, working collaboratively to deliver an unmatchable service. By working together seamlessly across multiple borders, participant firms provide clients with a truly local yet totally global service.’
Jos van Huut was Praxity’s Chair from 2010, during a significant period of growth and expansion:
‘It was great to be part of the team and to welcome excellent new members from different continents such as China, Europe and the Americas. They joined because they subscribed to the fundamentals of the Praxity Alliance – independent, well-established in their jurisdictions with strong brand reputations, clear visions and strategies. The alliance model was fit for achieving their goals. I feel very privileged that I had the trust of Members to wave the Praxity flag.’
Past and present leaders share the view that 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 Alliance from 2013, 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 independently deliver unmatched client service and quality solutions globally.
‘Although delighted with the result of our collective endeavours over the past 10 years, 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 ten years!’