News Archive

IECnet adds new member in Guatemala

IECnet, the international network of independent audit, accounting and tax practices, is pleased to announce that it has a new member in Guatemala.

Founded in 1988, Velasco & Asociados is an audit, administrative consulting, tax and financial consulting firm, with professionals with great experience in these areas.

The experience accumulated over the years is the product of the effort of the personalized work that each and every one of those that make up the different areas of the firm which provides the highest quality and add value for the benefit of their customers; as well as offering other related professional services.

Velasco & Asociados serves and helps large national and international companies, non-profit organizations and small and medium-sized businesses to grow.

The professional career of its founder, Mario Leonel Velasco López, includes more than 40 years of experience, which allows him to guide the services of auditing, fiscal, administrative and financial consulting.

Their professional staff has been selected after a careful process carried out, and both partners and professional staff meet the standards set by the profession and compete both nationally and internationally, with training obtained in Guatemala and abroad. For this purpose, they have training programs that include a minimum of annual hours of participation in specially prepared courses for each of the different levels of audit, administrative, accounting, fiscal, financial and systems issues.

Velasco & Asociados is proud and happy to join IECnet as the Guatemala member of a network composed of professionals with the highest standards worldwide.

IECnet Press release October 2018- New Firm in Guatemala

For more information, please go to www.iecnet.net.

To contact IECnet: [email protected]

IECnet adds new member in Nigeria

IECnet, the international network of independent audit, accounting and tax practices, is pleased to announce that it has a new member in Nigeria.

OLUMUYIWA BELLO & CO is a dynamic Accounting firm in Nigeria with qualified, experienced and responsible members. OLUMUYIWA BELLO & CO provides a full range of professional services, such as audit, accounting, tax services, company formation and secretarial services, for their clients to meet statutory and other specific requirements. Their mission is to contribute to their clients’ growth and development by rendering personalized and quality consultancy services which meet and anticipate their clients’ needs and circumstances in a continuously changing environment.

OLUMUYIWA BELLO & CO is made up of a team of dynamic professionals who have over the years gathered experience in diverse areas of audit, tax, accounting and management consulting.

OLUMUYIWA BELLO & Co’s experience base has equipped them to be able to assist their clients in their core service areas, such as audit, tax services, payroll management, accountancy/accounting systems implementation and advisory, corporate finance advisory services, public sector revenue automation, improvement and monitoring and company formation and secretarial services.

OLUMUYIWA BELLO & CO is proud and happy to join IECnet as one of the Nigeria members of a network composed of professionals with the highest standards worldwide.

IECnet Press release September 2018- New Firm in Nigeria

For more information, please go to www.iecnet.net.

To contact IECnet: [email protected]

IECnet member of the year 2018

IECnet, the international network of accountants, auditors and tax advisors, has chosen its member of the year 2018-2019. The award goes to BIG 5, Russia, for their very active work in the IECnet Committee on Auditing, IECnet Audit presentations during IECnet meetings & updating the IECnet Audit Manual in the IECnet Intranet. BIG 5 also hosted an impeccable EMEA in a country where IECnet had not have a meeting before. Irina Galay, CEO of BIG 5, present at the Lisbon AGM 2018, was honored to receive this trophy.

BIG5 was established by Mrs. Irina Galay in January 2001 under the name “Verdict“ in St. Petersburg, Russia. In July 2013 they were renamed as “BIG5“. They became IECnet members in 2016. Their IFRS Services Director has been appointed a member of the IECnet Professional Practice Committee of the Committee on Auditing, responsible for coordination of Quality Reviews, organization of Training Programs for IECnet member firms, as well as Technical Consultations on IFRS and ISA matters to IECnet member firms.

IECnet Press release October 2018_ IECnet member of the year 2018

For more information, please go to www.iecnet.net.

To contact IECnet: [email protected]

IECnet Press-release – June 2018

IECnet members Frederic Borràs and Ana Morera latest publication in the book on “Good Corporate Governance”

Ana Morera and Frederic Borràs from the IECnet member firm in Barcelona Morera Asesores & Auditores, wrote a chapter of a book recently published in Spanish and Catalan entitled “Good Corporate Governance”.

This book summarizes the main aspects related to good corporate governance. One of the assertions is that the first pillar of good corporate governance is good accounting, and reviews the main challenges of financial reporting that affect corporate governance; these include appropriate internal control, the quality and transparency of financial information, appropriate risk management and ethics as an aspect to be taken into consideration.

In this book Ana Morera and Frederic Borràs explain that the outlook of the business world has changed substantially and expanded far beyond accounting standards and financial reporting. Moreover, technology has had an impact on how financial information is used, and has also had a major effect on which assets to report on, due to the fact that the emphasis has moved from fixed assets to intangible assets like knowledge, trademarks, algorithms, etc. The world needs to answer these challenges to maintain the relevance of financial reporting and fulfill the expectations of the financial markets. The book also explains the significant efforts that are being made internationally in order to develop standards that are sufficient to meet these needs.

IECnet Press release June 2018- Frederic Borràs and Ana Morera latest publication on good corporate governance

For more information, please go to www.iecnet.net.

To contact IECnet: [email protected]

IECnet member Anis Wahabi just released a new book entitled in French ‘ GESTASS 2018, Manuel de gestion des associations’ , ‘ GESTASS 2018, Manual for the management of associations’. An IECnet Board member for 8 years and member of the IECnet Committee on Auditing since 2007, Anis Wahabi is a highly qualified accountant and auditor with 17 years of professional experience in accountancy, financial management, financial audit, and business consulting for public and private-sector companies, financial institutions, government, and international organizations throughout Africa, North Africa, and the Middle East.

Mr. Wahabi is a Certified Public Accountant, a member of the Tunisian Certified Public Accountants Institute, President of the Tunisian commission for the preparation of state accounting standards, a member of the National Council of Taxation and has participated in the drafting and discussion of the Tunisian National Budget Law.

He has significant experience with investment and development projects financed by international financial institutions (the World Bank, EU, UNDP, UNFPA, UNICEF), including the preparation of operating and financial management manuals for IFI-financed projects as well as project audits.

Mr. Wahabi is also an international trainer on Internal Audit, Accounting and Management Control, and author of technical books and manuals on IFRS, Public Accounting and NGO management.

For more information, please go to www.iecnet.net.

To contact IECnet: [email protected]

IECnet Press release May 2018- Anis Wahabi’s new book on associations

IECnet, the international network of independent audit, accounting and tax practices, is pleased to announce that it has a new member in the USA.

Guzman & Guzman, PA was founded in 2000 in Miami, Florida, United States of America, to provide professional services in accounting and taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales. The firm prides itself on serving clients with an unsurpassed level of customer service, satisfaction and overall knowledge of each individual’s needs.

The firm provides extensive knowledge and experience in cross-border business operations, particularly international, federal and state taxation. It has particular knowledge of financial and tax strategies for foreign investments into the U.S. serving Latin American, Asian and European companies. It advises domestic and foreign based businesses and investors on their out-bound and in-bound ventures, focusing on the U.S. tax impact.

Companies pursuing international opportunities face an array of international tax planning and compliance challenges. Multinational businesses are increasingly affected by tax, legislative, and regulatory developments throughout the world. In order to survive in the international marketplace, companies must adapt to the impact that these developments have on business operations and transactions between nations. Helping clients take decisive actions and achieve sustainable results ensures clients have capabilities to move forward and be successful in their business endeavors. The firm can assist in structuring your business in a tax-efficient manner, both locally and globally.

Guzman & Guzman, PA is proud and happy to join IECnet as the Florida, United States member of a network composed of professionals with the highest standards worldwide.

For more information, please go to www.iecnet.net.

To contact IECnet: [email protected]

IECnet Press release May 2018- New Firm in the USA

The International Accounting Bulletin (IAB) released its 2018 World Rankings. IECnet is proud to be ranked 27th in the 2018 IAB world ranking.

We are delighted to report that IECnet has the highest percentage increase in reported fee income growth of all international networks in the year which reflects the expansion of the network and the growth of its member firms.

In reported fee income, IECnet is ranked 19th in Africa, 22nd in North America, 24th in Asia-Pacific, Europe and Middle-East and 27th in Latin America. Our noticeable percentage growth is in Asia-Pacific with 95 %.

With 75 member firms in 61 countries, IECnet’s fee income has reached USD 121 million.

For more information, please go to www.iecnet.net. To contact IECnet: [email protected]

IECnet, the international network of independent audit, accounting and tax practices, is pleased to announce that it has a new member in Korea.

Hyundai Accounting Corporation was founded in 2006 and employs 210 accounting and tax professionals. Hyundai Accounting Corporation‘s headquarters are in Seoul and they have branches located in Gangnam, Daejeon, Changwon and Busan. The firm is fast-growing and ranked in 12th place among accounting firms in Korea. The firm provides high-quality Audit and Assurance, Tax Advisory, Financial Advisory and Consulting services. The goals of the firm are to respond to a rapidly changing business environment and to provide valuable services to their clients by understanding their needs based on trust.

Hyundai Accounting Corporation is proud of being recognized for its tax accounting, auditing and software implementation and happy to join IECnet as the Korea member of a network gathering professionals of the highest standards worldwide.

For more information, please go to www.iecnet.net.

IECnet Press release September 2017- New Firm in the Philippines

IECnet adds new member in the Philippines

IECnet, the international network of independent audit, accounting and tax practices, is pleased to announce that it has a new member in the Philippines.

Manaig, Manaig & Co., CPAs was founded in 2003 to provide professional services on accounting, auditing, taxation, consultation, and related services. The firm is located within CALABARZON-Region IVA, South Luzon area of the Philippines which is currently the most populated region of the country. It is currently positioned to help SME clients’ compliance to business laws, rules and standards of government agencies and professional organizations and to provide management of the clients’ valuable information for decision making. In addition to the audit of financial statements service, the firm’s related services allow its client companies to the focus on their core competencies while the firm focuses on providing back-end accounting, tax & financial related assistance. With its current team of 18 junior/senior staff, 4 managers and 2 partners, who are highly dedicated individuals and accounting professionals, it ensures that clients get efficient and effective results. In October 2016, the firm was awarded a Gold Partner Advisor status by Xero -the owner of Xero Cloud Accounting Software from New Zealand which is currently one of the leading cloud softwares for SMEs worldwide. This online accounting solution enables the firm to provide outsourcing services to other CPAs abroad in terms of bookkeeping and other related services

Manaig, Manaig & Co., CPAs is proud of being recognized for its tax accounting, auditing and software implementation and happy to join IECnet as the Philippine member of a network gathering professionals of the highest standards worldwide.

For more information, please go to www.iecnet.net.

To contact IECnet: [email protected]

IECnet, the international network of accountants, auditors and tax advisors, has chosen its member of the year 2017-2018. The award goes to GCCPA, Hong Kong, for its invaluable help in expanding IECnet membership growth in China.

GCCPA is an energetic Certified Public Accountants firm in Hong Kong with qualified, experienced and responsible members. GCCPA provides a full range of professional services, such as audit, accounting, tax advisory, company formation and secretarial services, for their clients to meet statutory and other specific requirements.

In 2008, GCCPA (http://www.gc-cpa.com/index.asp) set up a branch office in Shenzhen, China. GCCPA provides a full range of professional services to foreign investors who are running business in Mainland China.

GCCPA Hong Kong and Shenzhen Office [email protected]