Nexia International is delighted to announce that according to the latest International Accounting Bulletin (IAB) World Survey, the network has risen one place since last year to become the 8th largest global accounting network, as measured by fee income.
Nexia International becomes eighth largest global accounting network
In 2020, Nexia's total fee income was USD 4.5bn across the network - an increase of 5% on 2019.
This increase in global revenue is a result of consistent organic growth across the network in every region, though the LATAM region performed particularly well due to the admission of several new firms.
Throughout 2020, Nexia continued to expand its global presence by welcoming new member firms in Albania, Egypt, New Zealand, Sweden, Kenya, Cambodia, Canada, Oman, Gabon, Algeria, and Argentina.
Commenting on the results, Kevin Arnold, CEO of Nexia International, says: ''I am extremely pleased that we have moved up into 8th position in global rankings and of the consistent, year on year growth we have achieved over the last ten years. This remarkable achievement reflects the high quality of our member firms and the value they deliver to their clients.
The last twelve months has been a challenging time for all but the Nexia network has continued to grow and improve its offerings to member firms and their clients. All Nexians are proud of this accomplishment.”