27 February 2024

Why your practice needs an alliance

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. Why were the first accounting networks established?

  2. According to Walters Kluwer's 2023 survey, what percentage of firms in South-East Asia have an issue with attracting and retaining talent?

  3. What do 62 per cent of South-East Asian firms surveyed by Wolters Kluwer cite as a challenge?

  4. Spreading costs across an international network allow individual firms to do what?

  5. What did the Rosenberg Survey identify as a key challenge facing firms?

  6. Where are smaller networks such as BDO and Baker Tilly concentrating their expansion efforts?

  7. In 2022, what percentage of total network fees went to Big Four firms?

  8. Which of the following statements is true? Statement 1, being part of a network offers smaller firms enhanced credibility or statement 2, being part of a network means that small firms can enjoy cost savings.

  9. How much fee income was collectively generated in 2022 by the top 27 networks?

  10. How has digital collaboration become a game-changer for SMPs?

1 Unit