PKF International explained

PKF
Type:Accounting Network
Foundation:1969
Industry:Accounting
Products:Professional Services
Homepage:pkf.com

PKF International (previously known as Pannell Kerr Forster) is a global network of firms. The network's 224 independent member firms operate under the PKF brand in 150 countries across 5 regions. PKF International has 20,000 professionals and is currently ranked 14th international accountancy network by International Accounting Bulletin.[1]

In 2018 PKF was ranked as 11th largest global accounting firm in the United Kingdom.[2]

The International Accounting Bulletin placed PKF at 15th globally based on their world survey, conducted in February 2019.[3]

History

Pannell Kerr Forster[4] [5] was founded in 1969 when four accountancy firms from Australia, Canada, the United Kingdom and the United States joined to create an international association. The four firms were:

In 1980, member firms decided to use Pannell Kerr Forster as their common brand name to create an international accountancy brand. In 2000, member firms decided to shorten their name to PKF. Member firms are now adopting this name in their home markets, or adding PKF as a prefix to the existing firm name.

, over 21,000 staff were employed by PKF International member firms.[6]

In 2013, PKF's associate firm in UK defected and joined BDO after a fall in revenue and staff reduction.[7]

In 2016, PKF's associate firm in Hong Kong was banned by the Public Company Accounting Oversight Board for three years due to not co-operating with a probe.[8] [9]

External links

Notes and References

  1. World Survey. International Accounting Bulletin. Feb 2017. 570. 4.
  2. https://www.icas.com/ca-today-news/the-top-30-accountancy-firms-in-2018-revealed The top 30 accountancy firms for 2018 revealed
  3. http://www.internationalaccountingbulletin.com/CountryReport/world-survey-2019-firm-movements-7147867 World Survey 2019: Firm Movements
  4. http://www.pkf.com/site/international/home/aboutus/history About us: History
  5. http://www.icaew.com/en/library/subject-gateways/accounting-history/resources/whats-in-a-name/pannell-kerr-forster Pannell Kerr Forster
  6. http://www.pkf.com/news-events/network-news/pkf-international-network-now-ranked-10th-in-the-world PKF International network now ranked 10th in the World
  7. Web site: Doherty. Raymond. BDO and PKF complete merger (2 Apr 2013). ICAEW. 24 September 2017.
  8. News: Hughes. Jennifer. Woodhouse. Alice. Hong Kong auditors trapped by US-China dispute. 24 September 2017. The Financial Times. 26 Jul 2017.
  9. Web site: Fino. Jessica. PCAOB bans PKF for three years. ICAEW. 24 September 2017.