IAB 2022 World Survey: PrimeGlobal ranked third largest association globally

PrimeGlobal News
March 17, 2022

The International Accounting Bulletin (IAB) published its annual World Survey this month with 52 global accounting networks and associations participating.  

With an unprecedented 20% growth with over US$3.5bn in fee income, PrimeGlobal moved up to the position of third largest association in the world.

Green shoots of recovery emerged in 2021 as the World Survey revealed 52 global accounting networks and associations saw a combined increase of 8% in fee income to just over US$261bn, the first time in a decade that global accounting firms are nearing double digit growth.

The survey shows 20 global associations had an 8% growth with combined fee income up to US$31.9bn. The 32 participating networks also had a combined fee income of US$229bn, an increase of 8% on last year.

Key Highlights

  • PrimeGlobal is the only association in the top ten to see double digit growth in total staff, growing by 21% and with 29,238 staff at member firms across 941 office locations (higher coverage than any other association).
  • PrimeGlobal member firms increased their fee income in advisory services by an impressive 60% to US$421 million and a 47% increase from accounting to US$772 million.
  • Regionally, results show exceptionally strong growth for PrimeGlobal in Asia Pacific with a 247% increase in fees and total staff increasing by 113% across 140 office locations. Europe also performed well with a 17% increase in fees and an 8% increase in staff at member firms. 
Steve Heathcote Prime Global Ceo
“I’m delighted that our strategy to enhance member collaboration and focus on targeted growth is leading to real growth for our member firms. PrimeGlobal is growing at a higher rate than any of the top ten and we are now the third largest association in the world.” Steve Heathcote, Chief Executive Officer, PrimeGlobal

Award winning strategy

2021 saw the launch of PrimeGlobal’s Strategy 2025 alongside innovative tools and a program of events to support their members across the world.  The association also won a record-breaking three international awards at the Digital Accountancy Forum Awards 2021 including, Campaign of the Year for the work undertaken to develop the Strategy 2025 programme, Sustainability Initiative of the Year and Diversity and Inclusion Initiative of the Year. 

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