{"id":1502,"date":"2019-11-05T00:00:00","date_gmt":"2019-11-04T23:00:00","guid":{"rendered":"http:\/\/mgi-bpo.hu\/szakmai-hirek\/mgi-worldwide-and-cpaai-merge-to-create-major-international-accounting-network\/"},"modified":"2021-04-23T09:51:51","modified_gmt":"2021-04-23T07:51:51","slug":"mgi-worldwide-and-cpaai-merge-to-create-major-international-accounting-network","status":"publish","type":"szakmai-hirek","link":"https:\/\/mgi-bpo.hu\/en\/news\/mgi-worldwide-and-cpaai-merge-to-create-major-international-accounting-network\/","title":{"rendered":"MGI Worldwide and CPAAI Merge to Create Major International Accounting Network"},"content":{"rendered":"<p>The deal, finalised recently in Dubai, UAE, will create an organisation with revenues approaching $1 billion, placing it in 16th position in the current global accountancy network ranking.<\/p>\n<p>Both organisations have been active for more than 60 years in their markets and combined will offer clients access to almost 9,000 professionals in almost 100 countries.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"width: 550px; height: 778px;\" src=\"\/uploads\/images\/mgi_cpaai_inforgraf.jpg\" alt=\"international accounting auditing alliance\" \/><\/p>\n<p>The merger will also offer member firms greater resources, access to more expertise in new jurisdictions, a wider range of services and stronger brand recognition. Global quality assurance will be available to CPAAI firms as they join the MGI Worldwide network.<\/p>\n<img decoding=\"async\" style=\"width: 880px; height: 141px;\" src=\"\/uploads\/images\/log%C3%B3k.png\" alt=\"mgi worldwide CPAAI Merge\" \/>\n<p>The two groups\u2019 well-established markets, with CPAAI especially strong in the US, China and Mexico and MGI Worldwide with a greater global reach, are highly complementary.<\/p>\n<p>The deal was agreed by members at the time of the MGI Worldwide global annual general meeting in Dubai, UAE \u2013 with many making use of the latest technology to vote and take part in the debate via live-streaming.<\/p>\n<p><img decoding=\"async\" style=\"width: 178px; height: 428px; float: right; margin-left: 20px; margin-right: 20px;\" src=\"\/uploads\/images\/Clive.png\" alt=\"MGI Worldwide CPAAI merge\" \/><strong>Clive Viegas Bennett, CEO of MGI Worldwide<\/strong>, said: \u201cThis merger greatly strengthens the already solid market positions of both organisations and the resources for our member firms.\u00a0 Our new global and regional management team will be unbeatable.<\/p>\n<p>\u201cFor members, our coming together will bring a wide range of new benefits, access to more business opportunities, wider geographical scope, and significant knowledge and technology exchange.<\/p>\n<p>\u201cThe merger will help us not only retain the excellent firms within our existing organisations but also attract new members who are looking for a different approach and greater support from a global international network.\u201d<br \/>\n<strong>Michael Parness, the President of CPAAI<\/strong>, added: \u201cOur organisation and MGI Worldwide have a lot of shared values, a similar client base, and business DNA, so this merger makes sense in a world that is becoming ever more interconnected.<\/p>\n<p>\u201cClients remain at the heart of all members firms\u2019 objectives and the merger ensures that they will be able to call on the expertise and support they need \u2013 regardless of where they operate in the world.<\/p>\n<p>\u201cWe are very excited about what the future holds for our newly formed organisation and we cannot wait to start developing new strategies and connections so that we can grow and flourish in this competitive marketplace.\u201d<\/p>\n<p>The new group will be co-chaired by Roger Isaacs, the Chairman of MGI Worldwide and Jim Holmes, the Chairman of CPAAI. Clive Viegas Bennett will serve as Chief Executive Officer, with Michael Parness as Chief Operating Officer.<\/p>\n<p>The organisation plans to hold more regional meetings for its members in North America, Latin America, Europe, UK &amp; Ireland, Africa, Asia, Australasia, and the Middle East, to keep them abreast of technical and business developments, exchange business and expertise and deepen their strong regional structure.<\/p>\n<img decoding=\"async\" style=\"width: 880px; height: 587px;\" src=\"\/uploads\/images\/csoport.png\" alt=\"MGI worldwide CPAAI merge\" \/>\n<p>Pictured left to right: Jim Holmes, International Chairman of CPAAI; Michael Parness, President of CPAAI; Clive Viegas Bennett, CEO of MGI Worldwide, and Roger Isaacs, Chairman of MGI Worldwide, celebrating the merger agreement at MGI Worldwide\u2019s Annual Global Meeting in Dubai, UAE.<\/p>\n<p>To find out more about each organisation and the merger, please visit <a href=\"http:\/\/www.cpaai.com\" target=\"_blank\" rel=\"noopener\">www.cpaai.com<\/a> and <a href=\"http:\/\/www.mgiworld.com\" target=\"_blank\" rel=\"noopener\">www.mgiworld.com<\/a><\/p>\n<p>BPO has been a member of MGI Worldwide network since 2005.<\/p>\n","protected":false},"featured_media":1257,"template":"","tags":[],"evszam":[557],"szakmai_cimke":[525],"class_list":["post-1502","szakmai-hirek","type-szakmai-hirek","status-publish","has-post-thumbnail","hentry","evszam-2019-en","szakmai_cimke-other"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MGI Worldwide and CPAAI Merge to Create Major International Accounting Network<\/title>\n<meta name=\"description\" content=\"Global accountancy network MGI Worldwide, headquartered in the UK, and association CPAAI (CPA Associates International), with its headquarters in the US, have announced that they will be merging on 1 January 2020 to create a new organisation with 257 member 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