Crowe Horwath International has added three firms to its network in Turkey.
The current Crowe Horwath Troy member will be joined by Istanbul-based firms HSY Audit and Kavram, as well as Izmir-based firm Olgu.
HSY Audit has seven partners and 55 staff, offering audit, tax and consulting services. Kavram mainly specialises in tax and has 19 partners and 80 professional staff. Olgu has 24 partners and 38 staff, providing assurance and tax services.
Crowe Horwath International said its Turkish firms will operate under a new umbrella organisation agreement and be co-ordinated and led by Crowe Horwath Troy managing partner Elvan Karakus. Crowe Horwath International chief executive Frank Arford said the addition of these three firms “will facilitate higher growth and significantly improve our positioning in the country”.
In the International Accounting Bulletin’s latest Turkey survey, Horwath Troy was ranked as the ninth largest mid-tier firm in the country with revenue of TRY4.6m ($2.5m) in the year to 31 December 2010.
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