welcome to the nexia european meeting delhi, october 14 th 2008
TRANSCRIPT
Welcome to the Nexia European Meeting
Delhi, October 14th 2008
16:00 Chairman’s introduction Mike Bishop
16:10 Country Update – Russia Olga Goryacheva
16:30 Sub Committee updates- Quality, Coverage, Referrals Chris Leenders- Marketing Paul Wyse- Education, Training, Secondments, Social Mike Bishop
17:00 Budget 2008/09 Mike Bishop
17:10 Group working – priorities for All2008/09 and beyond
17:55 Close Mike Bishop
AGENDA
MEMBERSHIP
• New Members
Gibraltar Benady Cohen Moe Cohen
Latvia Audit Advice Andrejs Ponomarjovs
Lithuania Auditas Risardas Krinickis
• Existing members
RECENT EVENTS
• London European Meeting - 12th and 13th June-London Stock Exchange / Fortis
• Young Managers – Malta, 10 - 13th September- 27 delegates 13 countries
• Young Leaders – Barcelona, 17th – 20th September- 25 delegates 10 countries
• European Tax Group – Dubrovnik 25th and 25th September- 40 delegates 15 countries
• Soccer tournament – Liechtenstein, 30 August- 10 teams 6 countries
CONGRATULATIONS
KroeseWevers
UPCOMING EVENTS
• European Meeting – Barcelona 22nd and 23rd April 2009
• European Tax Group – AmsterdamFebruary 2009
8TH DIRECTIVE
SCHOLARSHIPS
• €30,000 from secretariat
NEXIA CISOlga Goryacheva
Delhi, October 14, 2008
RUSSIA – FOREIGN INVESTMENT (billions, USD)
0
20
40
60
80
100
120
140
2002 2004 2006 H12008
UNEMPLOYMENT RATE, % (Russia)
0
2
4
6
8
10
2003 2004 2005 2006 2007 2008
M&A – CENTRAL AND EASTERN EUROPE (2007)Thomas Finance
42%
58%
Central and EasternEurope
Russia
Nexia CIS Strategy
Extensive Development
CooperationCommon
Marketing Strategy
Joint Projects Quality ControlInformation Exchange
INTERNATIONAL COOPERATION PROBLEMS
RESPONSE TIME CONFIDENCE
WHAT CAN WE DO?
1 PricewaterhouseCoopers International Limited
2 BDO International
3 BKR International
4 PKF
5 CPA Associates International
6 A Horwath Business Alliance
7 RSM International
8 Praxity
9
10 EuraAudit International
Nexia International
INTERNATIONAL NETWORKS IN RUSSIA
Nexia Europe QCR Subcommittee
Update on Progress 2008Chris Leenders (Chair)
Nexia Europe Marketing Subcommittee
Update on Progress 2008Paul Wyse (Chair)
Structure
Nexia International
Nexia Europe Board
MarketingQuality control,
Referrals, Coverage
Education, Training,Secondments
Nexia Europe Members
Marketing Subcommittee Members
• Paul Wyse Ireland Chairman• Per- Ake Bois Sweden Vice Chairman• Andrew Strickland UK Secretary• Paul Bernhardt Weiss Germany• Johan Bossink Holland• Susana Poyiadjis Cyprus• Miroslaw Kosmider Poland• Yves Sonier France
Objectives
• Improving Nexia brand recognition in Europe
• Developing a useful database about European member firms, their skill sets and sectoral expertise
• Targeting international clients for Nexia member firms
• Liaison with International Communication Subcommittee
Meetings this year
• Nice February 2008
• London June 2008
• New Delhi October 2008
Nexia Brand Recognition
• New branding launched at Dublin conference
• Review implementation
• Monitor consistency of presentations between firms
Information about European Member Firms
• Nexia International Website– New search facility– Summary information about each firm– Analysis by country – industry sector/practice
group
Targeting International Clients
• Access to International client database of European member firms– Referrals by Nexia– Referrals by connectors– Locally developed work– Referrals by other networks
• Information is key
Liaison with International Communication Subcommittee
• Need for cross representation
• Working together and implementing at European level
Marketing Issues raised at European Meeting
• Redesign of International Website– In progress– Client friendly– Client testimonials– European aspect
• Liaison between International Communications Committee and European Marketing Subgroup
• International dedicated PR person or outsourced• Marketing training• Sharing and advertising European success stories• Building industry profile
Country Allocations
• Subcommittee members have been allocated a block of European countries as follows:
– Per-Ake Bois: Denmark, Estonia, Finland, Norway, Sweden
– Johan Bossink: Belgium (VGD), Hungary, Luxembourg, Netherlands
– Miroslaw Kosmider: Poland, Czech Republic, Slovakia, Croatia, Ukraine
– Susana Poyiadjis: Cyprus, Greece, Italy, Russia, Latvia
– Andrew Strickland: UK, Portugal, Spain, Romania, Bulgaria,
– Paul Bernhardt Weiss: Austria, Germany, Liechtenstein, Luxembourg (non VGD),
– Paul Wyse: Channel Islands, Isle of Man, Northern Ireland, Republic of Ireland
– Yves Sonier: France, Switzerland, Turkey, Malta
European Regional Meetings
• Firm profile presentations
• Client activity around meetings
• European Board Subcommittee reports
Q & A
Nexia Europe ETSS Subcommittee
ETSS
Committee Members
• James Riddiough (Chair)
• Christian Harms
• Elena Yuzhakova
• Luminita Ristea
• Lars Valkenberg
Young Managers
Objective
– Understanding yourself and team-working in a cross border environment
Feedback– Did the course meet its objectives? (1= Excellent, 5= Poor)
Average Score = 1.2– How relevant was the course to you (1=Very relevant, 5= not relevant)
Average Score = 1.3
Young Leaders
Objective– Winning new business in a cross border
environment
Young Leaders – Pre Course Ratings
Young Leaders – Post Course Evaluation
Young Leaders - Post Course Evaluation
Both Young Managers & Young Leaders
• One day business English course
Leading International Assignments Course
• London• 3-5 June 2009• Presented by Lars Valkenberg, Claire Davis and Mike Bishop
• Multi location assignments • Project management in an international context • Managing professional risk • Documentation • Independence and ethics • ISA 600 • US GAAP • Case study
Secondments
• Demand and capacity study 2008/9
Budget 2008 / 2009
Budget 2008/2009
NEXIA EUROPE Budget 2008/09 Budget Budget Amount2008/2009 2007/2008 Change
Note EUR EUR EUR EUR EUR
INCOME:Contribution members 1 97,500 94,500Contribution Nexia International 2 22,500 22,500Additional Income - Nexia Int. Youth Devel. 3 30,000 0Cost of Scholorships -30,000 0Interests 0 0
Income total: 120,000 117,000 3,000
EXPENSES:Travel costs and participation fees
Chairman and Secretariat 4 15,000 13,000Board 5 8,000 8,000
23,000 21,000 2,000Member Meetings
European Meetings 6 0 10,000European Tax Group Meetings 6 0 5,000
0 15,000 -15000
Budget 2008/2009 cont..Projects
Sub-committee QCR 7 6,000 6,000Sub-committee Marketing 8 9,000 4,000Sub-committee ETSS 9 20,000 5,000other projects 5,000 5,000
40,000 20,000 20,000
Secretariat 10 41,000 40,000 1,000
Other CostsTelephone, post etc. 2,600 2,500Company costs 11 1,100 1,100Webcosts 12 0 300Communication costs 13 2,500 0Net cost of training 14 0 5,000Development fund 5,000 5,000Website redesign / development 15 0 5,000Accounting costs 16 2,500 0Sundry 2,100 2,100
15,800 21,000 -5,200Expenses total: 119,800 117,000 2,800
Surplus or deficit 200 0 200
Budget 2008/2009
Group Session
• Priorities for 2008/09 and beyond
Closing Comments from the Chairman