The International Accounting Bulletin 2018 World Survey results confirmed that PrimeGlobal is one of the world’s top 5 international accounting associations, with global member firms’ revenues of USD2.5B and nearly 20% growth in member firm fee income.
This year, PrimeGlobal has once again retained its ranking and achieved an impressive 18% growth in the member firm fee income. With this year’s growth following a year of 19% growth in 2016, the organization continues to prosper and grow in all of its’ 4 geographical regions. The 907 PrimeGlobal firm offices worldwide cover greater geography than any other accounting association, while the year-on-year growth in member firm fee income shows better growth than that of any other top 3 associations or networks worldwide. This includes having better growth rate than any of the Final 4, BDO or Grant Thornton.
The IAB reports good growth in the Asia Pacific region, with 7th regional position. The region is experiencing strong growth in Australia and Japan, taking 2nd position in both countries and 54% and 47% growth respectively.
PrimeGlobal and IAB reports significant growth in the Association’s Europe, Middle East & Africa Region (EMEA), with a 17% member firm fee income growth and the 3rd regional position. IAB further reports EMEA region’s Eurozone achieved a remarkable 27% growth and a 2nd position, with country reports revealing very strong performance in France where PrimeGlobal took 1st position, coming 2nd in the Netherlands and Germany and 3rd in the UK.
The Latin America region continues to perform remarkably well, with the 6th regional position, and growth in countries such as Panama where the Association achieved 470% growth and 1st regional position, and Brazil, where PrimeGlobal ranked as the second largest with fee income growth of 35%.
In the North America region, the IAB reports 18% growth, following 24% revenue growth last year, as well as a steady 4th place. This year’s growth is attributable to new firms joining the Association, high member firm retention and significant organic revenue growth of existing member firms. With new services promoting this growth in the Consulting Practice area, as well as the impressive M&A activity, PrimeGlobal firms are expanding their footprint across the region.