As the economic integration between China and global business markets become increasingly tighter, the market demand for accounting firms that provide international experience and qualifications with specialized services is also increasing. Reanda International is China’s first international accounting network built upon a self-owned brand and membership concept. Since its establishment, Reanda has garnered close attention and support from the Chinese government and the Chinese Institute of Certified Public accountants (CICPA), as well as from professional accounting institutions in many countries and regions.
Despite a global economy that is now slowly recovering from the serious financial crisis over the past several years, our member firms reported strong performance in 2010. The network’s aggregate revenue was USD$61.5 million, a 9 percent increase over the US$56.2 million recorded last year. We are, therefore, delighted to announce that based on fee income Reanda International debuted at No. 20 in the world rankings of accounting networks according to the International Accounting Bulletin (IAB) World survey 2010. Compares to the average annual growth rate of all leading networks at 2% as highlighted in the IAB World Survey 2010, Reanda International’s performance was indeed an outstanding achievement.
Drawing on the strength of commitment from our members for greater network development, we look forward to prospering with new opportunities while meeting the challenges ahead in future.
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