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RSM, the seventh largest global network of independent audit, tax and advisory firms, was announced as the winner of the prestigious Network of the Year award on 16 September 2014 at the International Accounting Bulletin annual awards.

RSM had strong competition from fellow networks PwC, Grant Thornton International and BDO, all shortlisted in the same category. The Network of the Year award recognises networks that have demonstrated strong growth and operational excellence over the past 12 months. RSM admitted firms from 11 countries to its network in 2013, including Baker Tilly, the 7th largest firm in the UK. RSM now has 700 offices, operating in 111 countries and with 35,400 people around the globe. In 2013, the network posted a 5% increase in like-for-like revenues and had double-digit growth in cross-border business referrals.

Jean Stephens, Chief Executive Officer of RSM, comments: “It is a huge honour to accept this award on behalf of RSM members globally. Everyone involved with RSM around the world is committed to ensuring we are continually raising our standards and increasing our services and expertise to ensure clients of RSM member firms receive world-class service wherever they have needs. I am very proud that we have been recognised by the International Accounting Bulletin in this, our 50th anniversary year.”

Edvards Merhels, managing partner of Merhels, considers that: “Network of the Year“ Award by IAB is well deserved. During our limited time with RSM I have seen strong internal commitment of members to grow their business and achieve much higher level of alignment, and not at expense of technical or client service quality. Hence I am very pleased that RSM achievements were noted and recognised, particularly at the eve of 18 September, a special day for the whole RSM family. At the same time I admit that shortlisted fellow networks, whom RSM competed with for this Award, are all high quality ones and likewise deserve recognition for their efforts in making their businesses better”.

The IAB Awards are designed to celebrate achievements in the international accounting network arena and highlight individuals, businesses and networks that have moved the industry forward.