welcome to the nexia european meeting delhi, october 14 th 2008
TRANSCRIPT
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Welcome to the Nexia European Meeting
Delhi, October 14th 2008
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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
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MEMBERSHIP
• New Members
Gibraltar Benady Cohen Moe Cohen
Latvia Audit Advice Andrejs Ponomarjovs
Lithuania Auditas Risardas Krinickis
• Existing members
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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
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CONGRATULATIONS
KroeseWevers
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UPCOMING EVENTS
• European Meeting – Barcelona 22nd and 23rd April 2009
• European Tax Group – AmsterdamFebruary 2009
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8TH DIRECTIVE
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SCHOLARSHIPS
• €30,000 from secretariat
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NEXIA CISOlga Goryacheva
Delhi, October 14, 2008
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RUSSIA – FOREIGN INVESTMENT (billions, USD)
0
20
40
60
80
100
120
140
2002 2004 2006 H12008
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UNEMPLOYMENT RATE, % (Russia)
0
2
4
6
8
10
2003 2004 2005 2006 2007 2008
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M&A – CENTRAL AND EASTERN EUROPE (2007)Thomas Finance
42%
58%
Central and EasternEurope
Russia
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Nexia CIS Strategy
Extensive Development
CooperationCommon
Marketing Strategy
Joint Projects Quality ControlInformation Exchange
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INTERNATIONAL COOPERATION PROBLEMS
RESPONSE TIME CONFIDENCE
WHAT CAN WE DO?
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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
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Nexia Europe QCR Subcommittee
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Update on Progress 2008Chris Leenders (Chair)
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Nexia Europe Marketing Subcommittee
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Update on Progress 2008Paul Wyse (Chair)
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Structure
Nexia International
Nexia Europe Board
MarketingQuality control,
Referrals, Coverage
Education, Training,Secondments
Nexia Europe Members
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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
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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
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Meetings this year
• Nice February 2008
• London June 2008
• New Delhi October 2008
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Nexia Brand Recognition
• New branding launched at Dublin conference
• Review implementation
• Monitor consistency of presentations between firms
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Information about European Member Firms
• Nexia International Website– New search facility– Summary information about each firm– Analysis by country – industry sector/practice
group
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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
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Liaison with International Communication Subcommittee
• Need for cross representation
• Working together and implementing at European level
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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
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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
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European Regional Meetings
• Firm profile presentations
• Client activity around meetings
• European Board Subcommittee reports
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Q & A
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Nexia Europe ETSS Subcommittee
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ETSS
Committee Members
• James Riddiough (Chair)
• Christian Harms
• Elena Yuzhakova
• Luminita Ristea
• Lars Valkenberg
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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
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Young Leaders
Objective– Winning new business in a cross border
environment
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Young Leaders – Pre Course Ratings
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Young Leaders – Post Course Evaluation
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Young Leaders - Post Course Evaluation
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Both Young Managers & Young Leaders
• One day business English course
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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
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Secondments
• Demand and capacity study 2008/9
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Budget 2008 / 2009
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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
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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
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Budget 2008/2009
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Group Session
• Priorities for 2008/09 and beyond
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Closing Comments from the Chairman