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  1. Press Release
June 30, 2017

FORMER BAKER TILLY BRAZIL MEMBER JOINS MGI WORLDWIDE AND TAKES MGI-PREFIX AS PART OF MAJOR FIRM REBRAND

Press release by MGI Worldwide – MGI Worldwide welcomes a new highly-regarded member to our Latin America region, MGI Assurance Auditores Independentes S.S., which is based in Curitiba, Brazil.

Former Baker Tilly Brazil member and newly branded firm, MGI Assurance Auditores Independentes S.S. is the latest member to join the MGI Worldwide network in the Latin America region. As part of the move, the firm is delighted to announce its decision to rebrand, using the MGI-prefix as part of its firm name.

From Baker Tilly Brazil to MGI Worldwide: Karin Monchak, one of the two partners at MGI Assurance Auditores Independentes S.S. and also key MGI Worldwide contact at the firm, explained that membership of MGI Worldwide will allow the firm to retain its independence, yet still operate as part of a well-established international accounting network.

“With Baker Tilly Brazil, the drive seems to be towards merging the whole network under a one-firm concept, a solution that would be unacceptable to me, given the risks posed by inadequate partners," Karin said.

"With the majority of audit fees coming from the audit of non-equity investment funds, under the supervisory scope of CVM (the Brazilian SEC), these clients require an auditor with an international brand so our membership of MGI Worldwide is extremely important for us.”

Curitiba: A key location for doing business in Brazil: Curitiba is the eighth largest city in Brazil in terms of population, and the largest in the country's southern region. As the capital of the state of Paraná it is one of Latin America's cultural, political and economic centres.

MGI Assurance Auditores Independentes S.S. joins fellow MGI Worldwide members Controle Contabilidade (based in Amazonas) and São Paulo-based MGI SengerWanger Auditores Independentes.

Why the firm chose the MGI Worldwide network: Karin added: "Our professional profile, built over 20 years working in the Big Four in Brazil and Asia, has always been geared towards the relationships between different areas and clients of different countries."

"MGI Worldwide came up from my research as a possible good match for my practice. MGI Worldwide's claims for closer, partner-led and business-minded services, active network and support for international growth, all under a network of independent accounting firms, are entirely fitting to my professional attitude."

"We believe that a network like MGI Worldwide will give us opportunities to develop local and international business."

The MGI Assurance Auditores Independentes S.S. website is currently being updated to reflect its new name and will be launched very soon.

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