Global professional services group Russell Bedford has seen its national Mexico network move up one place, from 13th to 12th, in the most recent International Accounting Bulletin (IAB) country survey.
Recording a growth rate of 11 per cent on 2013, with annual fee revenues now standing at MXN 221,900,000, Russell Bedford Mexico’s higher rating reflects the addition of new affiliates, VGE Contadores y Asesores Fiscales, S. C. and Organización Descom, S.C., to its national network in autumn 2013.
Russell Bedford Mexico is one of the country's leading full-service accounting organisations, serving private-sector clients and government agencies. The IAB report is published against a background of professional criticism of the government’s recent tax reforms, cited by many commentators as having a negative impact for both domestic consumers and foreign investors. The abolition of the Dictamen Fiscal, the mandatory tax audit required of all companies, is also viewed by some firms as having direct implications for the accounting industry - a view Jorge Jiménez, president of Russell Bedford Mexico and director of Russell Bedford International, disputes. “The government are to be commended in reducing the regulatory burden on SMEs. Our own recent growth makes clear that this reform need have no impact on the accounting sector. Our work is increasingly focused on supporting businesses in their cross-border operations – a trend we expect to continue,
with further growth in our own operations, over the next year.”
Russell Bedford International CEO Alan Bezzant commented: “Russell Bedford Mexico is one of our most dynamic national networks, and it is gratifying to see its success recognised.”
About Russell Bedford International
Established in 1983, Russell Bedford International is a global network of independent firms of accountants, auditors, tax advisers and business consultants. Ranked amongst the world’s leading accounting and audit networks, Russell Bedford is represented by some 600 partners, 5000 staff and 290 offices in more than 100 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific. Russell Bedford International is a member of the IFAC Forum of Firms and a member of EGIAN, the European Group of International Accounting Networks and Associations.
Russell Bedford Mexico
T: +52 55 5262 4800
Russell Bedford International
T: +44 20 7410 0339