News

IECnet holds its position among the Top 30 global Networks, according to the new IAB rankings - with room to develop stronger!

IECnet, with a membership spanning over 72 firms (in 2024) across 60 countries, has reported a total turnover of 176.022.275 USD for 2023/24. Regionally, Europe leads with 59,98%, followed by the Asia Pacific at 28,63%. Middle East and Latin America contribute 3,35% and 3,19%, respectively, while North America holds a share of 3,24%, and Africa contributes with 1,6%. These figures illustrate IECnet's diverse global presence and its practical approach to international professional services.

IECnet is pleased to announce that Spectrum Auditing has joined the network as its newest member firm in UAE. Spectrum Auditing, headquartered in Dubai, is a well-established firm with a decade of experience in providing comprehensive financial and advisory services. Since its inception in 2015, the firm has expanded its presence globally, operating across India, Oman, and the USA (Texas) through a strong associate network. Spectrum specializes in Audit, Assurance, Taxation, Accounting, and Consulting, catering to a diverse clientele ranging from multinational corporations and medium-to-large enterprises to small businesses, family-owned firms, and ambitious entrepreneurs.

Balaram Vuchidi, CEO of Spectrum Auditing, stated, “joining as the UAE representative, we look forward to connecting with like-minded firms, exchanging insights, and contributing value while growing alongside fellow professionals.”

As an IECnet member firm, Spectrum will join a diverse community of about 70 member firms in more than 60 countries. This membership will allow Spectrum to expand its network, exchange knowledge, and access new markets.

IECnet Chairman Vincent Domon: “Spectrum Auditing will be a perfect addition to the IECnet network/family. Spectrum has a strategy: growing step by step which highlights their alignment with IECnet’s vision.”

https://www.spectrumaccounts.com/

We are happy to announce the IECnet Meetings for 2025, at extraordinary and worth seeing places. Save the dates! 

• EMEA in Rabat/Morocco: 22-25 May 2025
• APAC in Tokyo/Japan: 26-28 June 2025
• AMER in Puerto Varas/Chile: 4-6 September 2025
• TEAM in Thessaloniki/Greece: 18-20 September 2025
• AGM in Munich/Germany: 15-19 October 2025

The 2024 IFAC (International Federation of Accountants) Ordinary Council Meeting took place from 6-7 November in Paris, announcing key developments. Anis Wahabi and Vincent Domon represented IECnet at the meeting.

Jean Bouquot was elected as President, with Taryn Rulton as Deputy President, while new members and board appointments were confirmed. Topics included global sustainability reporting, AI's impact on accountancy, and professional development initiatives. IFAC emphasized ethical AI use, enhanced sustainability frameworks, and virtual Professional Accountancy Organizations (PAOs).

The Corporate Sustainability Reporting Directive (CSRD) was also discussed, aiming to enhance transparency and accountability across EU companies by mandating robust ESG reporting. France was highlighted for leading its implementation. The International Public Sector Accounting Standards Board (IPSASB) presented progress on public-sector sustainability standards, focusing on climate-related disclosures and accountability for governments and public entities.

We’re excited to offer you the opportunity to be featured individually on IECnet’s social media channels. Our longstanding Member Ciccioriccio e Associati from Italy was presented first.

This is your chance to highlight your firm, share success stories, and let others know how IECnet has helped you grow! Interested in present your firm? Please contact [email protected]. 

Sayers Butterworth LLP (UK)  was elected Member of the Year 2024/2025.

 Andrew Burch and his colleagues have stood out this year for their special commitment to IECnet and have organized a successful AGM in London in October 2023. Congratulations, Sayers Butterworth!

During the General Assembly, two new members were elected to the Board. The Board now consists of:

• Vincent Domon, Chairman
• Daniel Ziska, Executive Vice Chairman
• Suan Wee Tan, Treasurer
• Daniel Termin, Secretary
• Wassim Turki, Chairman Committee on Auditing
• Arigo Ploy, Chairman Tax.Team
• Redouane Stoti, Chairman PR/BD Committee
• Pallav Acharya, North America Representative
• Bruno Lopes, South America Representative
• Andrea Manenti, Europe Middle East Africa Representative
• Mark Schiliro, Asia Pacific Representative

The IECnet AGM 2024 in Mauritius featured a range of insightful presentations. The program began with a session exploring Mauritius' offshore sector, including tax treaties and related aspects, followed by a presentation on virtual assets. The next day, delegates attended sessions on amendments to IFRS accounting standards, situational management and leadership skills, and IECnet’s own initiatives, IECnet life (Commitment Counts) and IECne(x)t. The afternoon included an introduction to Barcamp-style discussions, where participants engaged in two dynamic sessions to close the conference.

During the General Assembly, we welcomed Godfrey Kamau from Lexan (Kenya) as a new member. Redouane Stoti and Bruno Lopes were newly elected to the Board, while Vincent Domon and Pallav Acharya were re-elected. Many thanks to Miloud Stoti and Ismael Bustamante who have stepped down from the Board.

Neeshal Jingree, Chelven Chengabroyan and the entire NJC team are working hard to ensure that the AGM from 9-13 October in Mauritius will be a complete success. We wish everyone a safe journey and see you soon!

25 September was IECnet Day: the network was founded 37 years ago. All members were invited to celebrate the day with their employees. With success! Almost 20 member firms sent their contributions: they celebrated with blue and white balloons, champagne, delicious looking cakes and muffins with the IECnet logo, video messages on all social media channels and KNF Indonesia even donated to two orphanages to celebrate the day. Thank you for all your colorful and cheerful contributions! The winner will be announced at the AGM in Mauritius. 

The winning firm gets IECnet coffee and cocao trees planted in their name. These trees will yield coffee beans for coffee and cocoa pods that eventually get turned into chocolate that we live and survive on and also, provide oxygen and carbon credits. Let’s keep on planting IECnet trees all over the world!