Kreston Powers Forward in China

Kreston powers forward in China.

Kreston’s 2015 China Regional Conference was held in Tianjin City from September 17th – 19th.

Over 60 delegates from mainland China, Hong Kong, Singapore, Malaysia and Taiwan were in attendance this year, reflecting the network’s recent growth in the region.

The conference was opened by key note speaker Madam Xiao Hong Chen, the Secretary General of the Tianjin Institute of Certified Public Accountants and the business programme included new and existing member firm updates, service line breakouts and business development and networking sessions.

Edmond Chan, Asia Pacific Regional Secretary commented:

“It was excellent to see so many of our existing and new members attend in Tianjin. The conference offered an opportunity for members to discuss strategy and look at future collaboration between the firms in Kreston China. On behalf of Kreston International, I would like to thank our hosts at Tianjin Guangxin CPAs who organised the event”.

Kreston CEO Jon Lisby added:

“We have recruited several member firms in recent years which has raised our profile considerably in the region. We now have representation in over 40 major cities across China and The International Accounting Bulletin’s China survey reports Kreston’s advance in the 2015 national ranking from 10th to 7th . The Chinese Institute of CPAs has released its Top 100 firm survey and it includes 8 Kreston members in the listing”.

The conference concluded with a sightseeing tour of the local area and farewell dinner.

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Andrew Collier, Director of Quality and Professional Standards, leads Kreston representation at Forum of Firms meeting.

Kreston International had strong representation at the Forum of Firms (FoF) India meeting on 2 September in Mumbai.  The event, which focused on  ‘audit quality – at the forefront in the face of change’ was attended by over 60 partners from FoF network firms in India including representatives from 3 Kreston member firms.

Andrew Collier, Kreston’s Director of Quality and Professional Standards, was invited as a result of his membership of the Transnational Auditors Committee at IFAC and his responsibility for reporting to the Forum of Firms on Regulatory developments in the Asia Pacific Region.

Andrew presented on ‘Practical Issues on Auditing, Fair Value and Revenue Recognition and Challenges in Providing Assurance on information other than financial statements’.

Brendan Murtagh, Partner at Kreston member firm LHM Casey McGrath was also in attendance in his capacity as a member of the IAASB and provided an update on upcoming developments in International Standards.

Andrew commented:

“The meeting was a great opportunity for members to network and to gain a greater understanding of the significant challenges faced by professional firms in India as a result of significant changes to the Regulatory regime.   The Forum of Firms is committed to improving audit quality both globally and through in country activities such as the India meetings. Kreston’s involvement demonstrates an increased recognition of our standing as a global network”.

  Left to right, Chairman of the meeting Harinderjit Singh of PWC and Andrew Collier.

 

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Kreston International is a global network of independent accounting firms with the reputation for providing trusted compliance and advisory services to entrepreneurial business in the SME and Mid-Market sectors

Spence Walker
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The Partners of Kreston GTA, Chartered Professional Accountants