• Register
Return to: Home > News > Tax > Praxity establishes working groups

Praxity establishes working groups

Praxity has set up a series of working and special interest groups in order to improve collaboration between members. Firm representatives recently took part in technical and special-interest working group meetings at Praxity’s second annual meeting in Paris.



Working groups formed on technical issues, including the IFRS/US GAAP convergence project and international tax. Delegates also established special interest groups on sectors such as automotive, real estate and manufacturing.

The aim of these groups is to improve communication channels globally, including the sharing of best practices.

Praxity management board and governing council vice-chair Jos van Huut stressed that the working groups were focused on business and client development, and not on bringing firms together in an operational sense. Praxity has a very strict policy of member firm independence.

“The alliance is there to see how we can develop our services and so on in the global environment. We are not seeking close co-operation to develop common work methods, manuals or methodologies. That is done by each member firm itself,” he said.

“Each of our firms has their own business units that focus on particular services, or a sector, or a combination of the two. The alliance, going forward, will bring those people together and we have set up how we can do that. We have set up best practices or code of conducts on how these working groups can organise themselves in an efficient way.”

Most Praxity members, with the notable exception of Mazars, operate as large domestic players. van Huut says it is his vision that some of the larger Praxity members should expand their brands internationally.

Praxity is poised to report combined global revenue growth of between 10 to 12 percent for the financial year ending in 2008, van Huut added. The alliance was the largest association of independent firms in last year’s International Accounting Bulletin world survey with fee income of $2.8 billion. Praxity has added new members in Germany and Sweden recently.

Arvind Hickman

Top Content

    Blockchain and the Big Four: does it deserve all the hype?

    Although still in its infancy, blockchain is one of the most talked-about technologies of 2018. Will the blockchain bubble burst, or will it live up to its reputation as the ‘new internet’? Eleanor Jerome investigates

    read more

    Malaysia: Ready to show its strength

    Recent changes have enhanced the quality of audit reports in Malaysia, giving the profession a welcome opportunity to demonstrate its value to clients. Paul Golden reports

    read more

    China: Regulating the Chinese dragon

    Harsh regulatory actions and looming US trade wars have been dampening expectations in a Chinese market still full of potential, finds Jonathan Minter

    read more

    Indigenous Australians: New checks and balances

    With fewer than 40 known qualified Indigenous Australian accountants, Jonathan Minter speaks to Shelley Cable from PwC Australia about how increasing this number is an important part of improving the financial literacy of Indigenous communities

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.