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March 11, 2012

IAB Award winners revealed

Kreston International receives IAB Award

PwC and Morison International were among the winners of the International Accounting Bulletin’s inagural industry awards.

The cocktail reception, which took part in London on 8th March, was attended by more than 60 industry leaders and special guest Sir David Tweedie, who received the lifetime achievement award.  

AonInternational Accounting Bulletin received more than 100 nominations from across the world across 13 categories. The shortlists and winners were adjudicated by a judging panel, which was comprised of former BDO global chief executive Jeremy Newman, ACCA technical director Sue Almond, London City lawyer Jane Howard and International Accounting Bulletin editor Arvind Hickman.

Photographs of the event will be available shortly.

IAB Awards 2012 Winners

Network of the Year

  • PwC

PwC capped off a strong year of 10% growth by reclaiming its position as the largest global network from Deloitte.  PwC is also the top performing firm among rivals in audit and advisory. PwC has been heavily involved in CSR initiatives as well as contributing meaningful thought leadership on issues such as strengthening the role of audit committee reports. The network has nearly doubled staff mobility in the past year, making it a diverse workplace. And the network is recognised in many countries as an employer of choice.

Rising Star Network

  • Kreston International

Kreston has posted solid growth of 5% but what really impressed judges is Kreston’s successful transition from an association to a network. This involves rolling a common audit methodology, common quality control and an audit firm inspection programme. It’s a massive undertaking, and Kreston was recently welcomed to the Forum of Firms for its efforts.

Association of the Year

  • Morison International

Aside from a good financial performance, Morison International displayed many examples of client and member firm satisfaction that eclipsed its rivals. Morison improved its strategic positions across several geographies, adding MacIntyre Hudson in the UK, Marks Paneth & Shron in the US and 2KAudit in Russia. Morison also rolled out an association-wide technical support service to all member firms.

Rising Star Association

  • Morison International

Morison International has performed particularly well in the past year with 44% growth. Importantly, 37% of Morison’s members have been recruited in the past two years, which highlights consistent growth.

Audit Innovation of the Year

  • Mazars – Human Rights Audit

Mazars has taken a lead role in assessing audit clients against the Mazars Indicators for Human Rights Compliance. These indicators measure how well a company is complying with basic human rights. They are assessed against local laws and consolidated at an international level. Judges felt the Mazars Human Rights Audit was pertinent, innovative and could set a benchmark for global best practice.

Tax Adviser of the Year

  • BDO International

BDO demonstrated how a co-ordinated, cross-border approach to tax planning helped a major IT client in 60 countries identify and resolve tax risks and maximise its tax position.  The firm also advised on European VAT, Enterprise Resource Planning systems, R&D credits and transfer pricing – a full suite of tax services across the whole BDO network.

Consultancy of the Year

  • Deloitte London 2012

Deloitte has advised on over 200 advisory projects for the London Olympic Games in business management, procurement, operational readiness and organisational design. Deloitte’s LOGOC framework work on integrated strategic and business planning is now an International Olympic Committee template. It is fair to say Deloitte has set a gold medal standard in service provision to the global sports management industry.

Employer of the Year

  • Plante Moran (United States)

Plante Moran has a staff turnover rate of less than 13% in the past 10 years. Most importantly, our judges warmed to Plante Moran’s focus on staff just having fun, an often overlooked aspect of professional life. KPMG UK and Beierholm were highly commended in this category.

Sustainable Firm of the Year

  • KPMG

Since 2007, KPMG has reduced its global carbon emissions by 29%. KPMG is the only firm at a global level to participate in the supply chain program of the Carbon Disclosure project. The firm recently held a high profile business sustainability summit in collaboration with the UN Global Compact, and in Europe, KPMG staff volunteered 77,500 hours of time to the community. PwC was highly commended in this category.

IT Vendor of the Year

  • CaseWare International

In 2011, Caseware International released its Audit International product, which helped firms across the world conduct audits in a more efficient and intuitive manner. CaseWare International also launched Collaborate which allows teams to access all engagement data in real-time from a secure cloud-based repository.

Young Accountant of the Year

  • Trond-Morten Lindberg (BDO Norway)

Trond-Morten is the managing partner of a firm with turnover of €130m and 550 partners and staff. Trond-Morten helped BDO Norway through a transition from a federation of firms to a single national firm. After helping conclude a merger with a former Praxity firm, Trond-Morten led BDO Norway through a period of rapid growth – 50% in the past two years – and BDO is now considered a serious competitor to the Big Four in the Danish market.

International Accounting Bulletin Personality of the Year

  • Jeremy Newman

Our choice for this year’s award has been described as many things by his peers and foes, but one of those is not ‘a shrinking violet’. Love him or loathe him, there are not many in the profession who do not respect his many achievements and his innate ability to stand up for what he believes in, regardless of how it conflicts with your own point of view. Rarely one to shy from the media spotlight, and our readers will attest to this, our personality of the year might not be in a position to run for this award ever again – well that’s what he had us believe, until a month ago.

International Accounting Bulletin Lifetime Achievement Award

  • Sir David Tweedie

As chairman of the International Accounting Standards Board for 10 years David Tweedie has undoubtedly been the driving force behind the global transition from national accounting standards to international standards. Testament to his hard work, passion and belief, IFRS is now the accepted set of financial reporting standards in more than 100 countries, with the US and Japan likely to follow suit – a feat that was not even conceivable 10 years ago.

Full IAB Awards Coverage

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