• Deloitte China has appointed 44 new partners across a
range of services…
• The New Zealand
Institute of Chartered Accountants has celebrated its
• The Japanese Institute of
Certified Public Accountants has published a research
• Mid-tier association AGN
International has admitted a new member firm in
• PricewaterhouseCoopers Czech
Republic (PwC) has appointed two directors…


Deloitte China has appointed 44 new partners
across a range of services, including audit, tax, consulting,
financial advisory and risk management.

The firm said the appointments reflect the firm’s recognition of
high-performing professionals, as well as its commitment to
developing service lines. The new partners are located in Beijing,
Guangzhou, Hong Kong, Shanghai, Shenzhen, Suzhou and Tianjin.

• The New Zealand Institute of Chartered
has celebrated its centenary. Formerly known
as the New Zealand Society of Accountants, the organisation was
officially established on 15 September 1908. New Zealand Minister
of Commerce Lianne Dalziel was a guest at the anniversary

• The Japanese Institute of Certified Public
has published a research report giving an
overview of the new limited liability audit corporation system.
Japan’s Certified Public Accounting Law was changed in June 2007
allowing audit firms to choose between operating as a limited
liability partnership or non-limited liability partnership from 1
April 2008. Previously, all accounting firms were required to be
organised as non-limited partnerships. The report also includes
practical steps that should be considered by firms when changing
partnership structures. It is available in Japanese only.

• The global accountancy association Enterprise Network
has strengthened its Asian presence by admitting
a Malaysian member firm. Tan Yen Wooi & Co, a
Penang-based accountancy firm, specialises in assurance, advisory,
tax planning, secretarial matters, internal auditing, financial
planning and business consultancy.

• Former chief executive of Intech Investment Consultants
Michael Monaghan and Big Four superannuation tax partner Noelle
Kelleher have been appointed as partners within the superannuation
practice at Deloitte Australia. The appointments
follow the acquisition by Deloitte in 2006 of actuarial
superannuation advisers Buttler Walker.

Deloitte actuaries and consultants managing partner Andrew Gale
said: “Australia has the fourth-largest wealth management industry
in the world with superannuation accounting for about 85 percent of
that industry. By December 2015 Australia will rank first in the
Asia-Pacific region and Deloitte aims to be a dominant provider of
professional services to the sector.”

CPA Australia said it has been awarded a
contract by the International Federation of Accountants (IFAC) to
develop an accounting practice guide for small- and medium-sized
practices (SMPs). The guide will cover a diverse range of strategic
and operational topics and will help firms practise in a safe,
profitable and professional manner, CPA Australia said.

It is intended to help member bodies and SMPs in countries where
the profession is in a developmental phase or where neither IFAC
member bodies nor commercial providers have published practice
management guidance.

Africa, Middle East, South Asia

Ernst & Young Global will donate $1
million of in-kind resources over the next three years to
person-to-person micro-lending website Kiva.org. The website helps
connect developing world entrepreneurs with individuals who want to
loan funds.

Ernst & Young Global chief executive Jim Turley commented:
“The work we will be conducting with Kiva.org is well-aligned with
what we see as Ernst & Young’s broader corporate
responsibility, which is to put our people’s workplace skills
toward making a difference in our communities around the world.

“We recognise the power of entrepreneurship for job creation and
poverty alleviation and we are pleased to be able to use our
experience to help Kiva.org assist these unique and innovative
entrepreneurs in developing countries.”

• The Dubai Financial Services Authority has
appointed Paul Koster as chief executive. Koster succeeds David
Knott who retires from full-time employment in December this

The incoming chief executive was previously commissioner and a
member of the executive board for the Netherlands authority for
financial markets – Autoriteit Financiële Markten and
chairman of the financial arm of the Committee of European
Securities Regulators.

• Mid-tier association AGN International has
admitted a new member firm in Egypt. Joseph Andel Messih
& Co
has two offices in Cairo, four partners and more
than 50 professionals and staff. The firm offers tax advice, audit,
accounting and consulting services.

PricewaterhouseCoopers India has opened a new
office in Ahmedabad to service an increasing demand for assurance,
tax and advisory services locally in Gujarat. Western region
managing partner Jairaj Purandare said the office will soon have
about 50 qualified professionals and he expects this number to grow
to 150 by 2010.

• The Association of Accountancy Bodies in West
has produced a report following its eighth annual
congress which took place last year in Cotonou, Benin. The report,
Regional integration and economic development in West
, outlines seven of the papers presented at the

Topics discussed in the report include the convergence of French
and English accounting standards and the harmonisation of
accounting standards in the West Africa sub-region to enhance
public sector transparency and accountability.

PricewaterhouseCoopers (PwC) has appointed
John Forbes as the real estate industry leader for Europe, the
Middle East and Africa. Forbes has been with PwC for more than 20
years, including six years in Russia where he led the real estate

Global real estate leader Henrik Steinbrecher said: “The global
real estate market is in a period of crisis. The bubble was already
bursting before the liquidity crisis, and real estate investors,
developers and lenders are now also facing a prolonged period of
economic uncertainty. Forbes’ appointment comes at a crucial time
to help our clients deal with the challenges they face – his range
and depth of experience makes him an ideal choice to lead in this


• Mazars member firm Marccus Partners, based in
Paris, France, has appointed two partners within its corporate
M&A and restructuring departments. Christophe Clerc, a
corporate M&A, capital markets and corporate governance
specialist, was formerly with professional services firm Shearman
& Sterling. Pierre Forget, a qualified restructuring and
insolvency specialist, was formerly with professional services firm
Clifford Chance.

PricewaterhouseCoopers Czech Republic (PwC)
has appointed two directors in its assurance department. Richard
Jones has been promoted to director of real estate, while Paul
Facer becomes director within the firm’s accounting consulting
service. Jones has been based at PwC for nine years. Facer
specialises in the provision of IFRS advisory services to clients
in the financial services sector, particularly banks and insurance

Alvarez & Marsal has strengthened its
European representation by opening an office in Madrid. The new
office will be co-headed by managing directors Ramón Tisaire and
Stefaan Vansteenkiste. Tisaire will be responsible for performance
improvement advisory services and Vansteenkiste will be responsible
for the firm’s restructuring and turnaround/crisis management
advisory services.

• Ireland’s second highest fee earning firm KPMG
has revealed revenues for its 2008 financial year
climbed to €307.7 million ($452.8 million) following growth of 14.3
percent. KPMG Ireland’s strong growth followed a 28 percent
increase in fee income from 2007. The results push KPMG closer to
the Irish market leader PricewaterhouseCoopers’ 2008 fee income of
€355 million. The firm’s staff total also increased over the past
12 months with about 2,000 people and 85 partners now supporting
its clients from offices in Dublin, Belfast, Cork and Galway. The
firm plans to recruit 300 graduates this year.

• Nexia International UK member firm Smith &
has launched a new entrepreneurs’ platform
aimed to significantly increase its share of the entrepreneurial
and growth business market. The new platform, Enabling
Entrepreneurs, includes a registration facility, a new resource
centre, an expanding toolkit for entrepreneurs, an events portal
and links to other useful websites. The firm already has a strong
presence in the entrepreneurial sector but the new platform is an
exciting opportunity for growth, according to Smith &
Williamson’s managing director of tax and business services Jeremy

• The Institute of Chartered Accountants in England and
has launched a new standalone business
qualification. The Certificate in Business Accounting and Finance
(CFAB) is intended to widen access to the accountancy profession in
the UK and internationally. It comprises six modules from the
Associate Chartered Accountant (ACA) qualification’s professional

North America, Latin America

• Marc Siegel has been appointed a member of the US
Financial Accounting Standards Board by the
Financial Accounting Foundation Board of Trustees. Siegel is an
expert in forensic accounting and has 17 years of experience in
industries including technology, media, telecommunications, health
care, retail and insurance. His four-year term will begin on 20
October 2008.

CPAmerica International has strengthened its
US membership with the addition of three new member firms. Kushner
LaGraize, based in Louisiana, has 52 staff, including nine
partners. Florida-based Hughes, Snell & Co has 26 employees,
including eight partners. The firm specialises in estates and
trusts, professional practices, construction, non-profit
organisations and health care industries. Kentner Sellers employs
25 staff, including eight partners.

KPMG US has named Angela Avant as the firm’s
first partner in charge of diversity. The newly created position
aims to maintain the recruitment, retention and advancement of a
diverse team of professionals at KPMG.

• Mark Sponseller has become managing director of the
transaction advisory group at professional services firm
Alvarez & Marsal US. Sponseller previously
worked as a partner for PricewaterhouseCoopers and specialises in
providing accounting and transaction advice to private equity
clients in the middle market with a focus on add-on acquisitions,
direct platform investments and divestitures.

Deloitte US has appointed Donna Schlegel as a
director in the firm’s insurance consulting practice. Schlegel, who
will be based in New Jersey, will assist insurance and financial
services clients with product and service development as well as
delivery strategy. Deloitte said Schlegel has more than 35 years of
experience in the insurance consulting industry. She most recently
served as president of DLS Consulting.

• The US Financial Accounting Standards Board
(FASB) is seeking comment on three exposure drafts. Accounting for
Transfers of Financial Assets and Amendments to FASB Interpretation
No 46(R) addresses amendments to FASB Statement No 140 Accounting
for Transfers and Servicing of Financial Assets and Extinguishments
of Liabilities, and to FASB Interpretation No 46 Consolidation of
Variable Interest Entities. Proposed FASB Staff Position FAS 140-e
and FIN 46 (R)-e Disclosures about Transfers of Financial Assets
and Interests in Variable Interest Entities focuses on related
disclosure requirements for public entities.

• A Grant Thornton US audit partner has been
appointed to the American Institute of Certified Public
Women’s Initiative Executive Committee.
Jacqueline Akerblom, who is also the firm’s national managing
partner of women’s initiatives and programmes, will begin her
two-year term next month. Made up of representatives from both
large and small firms, the committee focuses on developing best
practices and tools for accounting firms interested in launching
women’s initiatives.

• The former US chief of staff for the Joint Task Force Global
Network Operations, Colonel Gary McAlum, has joined the federal
government services practice at Deloitte US.