Moore Stephens International has recruited a new Polish member
firm in Warsaw. The new firm, Central Audit, increases the
network’s Polish representation to five member firms.

Central Audit has five partners and 34 staff and was established
three years ago from former staff of Salustro Reydel’s Polish
subsidiary before that French firm was absorbed into KPMG. The
young firm has achieved rapid growth since its creation, reporting
PLN2.8 million ($1.3 million) in fee income last year with
projected income in the 2008 financial year of PLN4.2
million.

Moore Stephens is the fourth highest revenue earner among
associations in Poland with combined gross revenues of more than
PLN18.6 million, according to IAB’s inaugural Poland
survey (see Rising from the ashes). The addition of
Central Audit has contributed to a growth rate of 38 percent last
year.

Moore Stephens European executive director Chris Rawden said the
appointment of Central Audit represented an important milestone in
the association’s Polish coverage. “We have strong member firms
already in Gdańsk, Katowice, Poznań and Rzeszów. What we were
seeking was an internationally-experienced firm in Warsaw to enable
us to raise the Moore Stephens profile in this important capital
city. We are delighted to have secured Central Audit as our new
Warsaw member firm, in view of their solid international experience
and their track record of quality growth,” he said.

Central Audit’s international liaison partner Iga Kwaśny said
joining Moore Stephens not only broadened the firm’s geographical
footprint but also increased its ability to serve international
clients. She said the firm will invest in its management consulting
and transactional consulting practices.

Nicholas Moody