RSM International

RSM International, branded RSM, is a multi-national network of accounting firms, forming the sixth largest accountancy professional services network in the world. The member firms of RSM are independent accounting and advisory firms each of which practices in its own right, and is unified as part of the network. The network is not a separate legal entity of any description in any jurisdiction, and does not provide services.

The largest member firms are RSM US, formerly known as McGladrey, RSM UK, formerly Baker Tilly LLP, and RSM China, formerly Ruihua Certified Public Accountants. Together, the North American, European, and Asia Pacific regions accounted for $4.87 billion of revenues in 2016. On October 26, 2015, all member firms of the network were rebranded as RSM.

RSM International
Member firms have different legal structures
United States and United Kingdom: Limited Liability Partnership
Industry Professional services
Founded 1964
Headquarters London, United Kingdom
Area served
Worldwide
Key people
Jean Stephens (CEO)
Services Assurance
Tax Advisory
Consulting
Financial Advisory
Other
Number of employees
43,000
Divisions Audit, Tax, Consulting
Website rsm.global

History

RSM International has been in continuous existence since 1964, when it began as a small network that was originally called DRM. In 1993, the organisation restructured, and changed its name to RSM International.

Historically, RSM was derived from the initials of three of the original founding member firms of the organization:

Founding member Robson Rhodes was acquired by Grant Thornton, and absorbed within their network,[1] while Salustro Reydel merged with KPMG.[2] McGladrey, the RSM US member firm, is still part of the network today.

In January 2006, Ms. Jean Stephens became the first female chief executive officer, of a Top 10 international accounting network.

Member firms

RSM is represented in 120 countries (as of September 2018).[3]

France

In March 2005, subsequent to Salustro Reydel merging with KPMG, RSM France was created as the new French member firm, with offices in Paris.

Singapore

Established in 1985, RSM Singapore provides services in Singapore and China. Within Singapore, they are the largest accounting, business advisory and solutions group outside the Big Four auditors in Singapore.

United Kingdom

Following the resignation of Robson Rhodes, Bentley Jennison later joined the RSM International network as its British member, becoming RSM Bentley Jennison.

RSM Bentley Jennison later merged with Tenon Group to become RSM Tenon. The financial problems of the combined RSM Tenon Group led it falling into administration with its assets acquired by Baker Tilly. In April 2014, Baker Tilly UK announced it would be joining the RSM network later in the year, and would adopt the RSM brand.[4]

See also

References

  1. ^ "Auditors join forces to take on Big Four", Daily Telegraph, 28 April 2007
  2. ^ International Accounting Bulletin, "RSM Salustro Reydel, KPMG to merge" Archived 2006-10-21 at the Wayback Machine.
  3. ^ RSM About Us Retrieved 02 December 2015
  4. ^ http://www.dailyrecord.co.uk/business/professionals/baker-tilly-acquired-assets-former-3415608

External links

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