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August 30, 2009

News Briefs

STRATEGY
Bolivian firm joins Grant
Thornton

The second largest firm in Bolivia has
joined Grant Thornton International after leaving Deloitte. Grant
Thornton Acevedo & Asociados has offices in Cochabamba, La Paz
and Santa Cruz. The firm has six partners and 130 professional
staff, led by managing partner Rodolfo Acevedo. The firm’s audit
practice contributes more than 70 percent of revenue, and the firm
offers tax, consulting, legal and outsourcing services. Acevedo
& Asociados has a significant clientele base, including large
oil and gas companies and banks. The firm is placed behind
PricewaterhouseCoopers and above KPMG in the marketplace. The
International Accounting Bulletin understands the firm left
Deloitte as the network sought to serve the country from
neighbouring countries.

MERGERS AND
ACQUISITIONS

Deloitte snaps up another
BearingPoint practice

Deloitte Middle East has bought
BearingPoint’s Middle East public sector operations. About 4,250
practitioners from BearingPoint’s public services practice have
joined Deloitte Global since the global management and technology
consulting company filed for voluntary Chapter 11 bankruptcy
protection on 18 February this year. Several former BearingPoint
employees will join the Middle East consulting practice. The firm
would not disclose the final sale price. Former managing director
of BearingPoint Middle East and North Africa operations Abdelhamid
Suboh has been appointed the partner in charge for the public
sector industry at Deloitte in the Middle East.

STRATEGY
Morison International admits
German firm

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MPR & T Finance Joins BOKS International in Romania

Morison International has admitted
Berlin-based firm Audit Tax & Consulting Services (ATC) to its
membership. ATC was founded in 2002 and offers audit, tax, business
consulting and internal audit services to SMEs, partnerships and
subsidiaries of international organisations. The firm has grown
revenues by 17 percent over the past few years. Morison
International has existing German members in Frankfurt, Freiburg,
Hamburg, Herford, Köln, Luneburg, Munich, Remscheid and
Saarbrucken. The Berlin firm increases Morison’s combined German
workforce to more than 300 staff. In the recent International
Accounting Bulletin survey of German firms, the mid-tier
association ranked 19th with revenue of €25.6 million ($36.7
million).

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