Deloitte has established an independent correspondent firm (ICF) in Myanmar, becoming the next Big Four firm to enter the market after KPMG expanded into the country in November 2012.

The firm, Myanmar Vigour, will offer accounting and advisory services.

"We are delighted to be expanding our ability to service clients in Myanmar through our ICF relationship in what is fast becoming a market that has the potential for tremendous growth," said Deloitte Asia Pacific chief executive officer Chaly Mah.

"By combining the deep local knowledge of Myanmar Vigour with specialist expertise from the global Deloitte network, we are best positioned to help new and existing clients in Myanmar develop and consolidate their market leadership", he said.

Myanmar Vigour will continue to be led by founder Soe Win. The firm has delivered professional services to both multi-national companies and local clients since 2003.

Soe Win commented: "This is a very exciting time for Myanmar. We are delighted to be working with Deloitte, an organization so committed to delivering world class professional services."

Myanmar, also known as Burma, is considered to be Asia’s emerging economic frontier, as recent easing of international sanctions against the country has provoked interest from international investors.

KPMG’s expansion there was the first Big Four involvement in the nation since PwC left the country in 2003.

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KPMG expands to Myanmar