RSM International explained

RSM International
Type:Member firms have different legal structures
United States and United Kingdom: Limited Liability Partnership
Location:London, United Kingdom
Foundation:1964
Area Served:Worldwide
Key People:Jean Stephens, CEO & Ernest John Nedder, CEO Elect
Industry:Professional services
Revenue: US$9.4 billion (2023)[1]
Services:Assurance
Tax advisory
Management consulting
Financial advisory
Risk advisory
Divisions:Audit
Tax
Consulting
Num Employees:64,000
Homepage:rsm.global

RSM International, branded RSM since 2015, is a multinational network of accounting firms forming the sixth-largest accountancy professional services network in the world by revenue.[2] [3] RSM's member firms are independent accounting and advisory businesses, each of which practices in its own right and is unified as part of the network.

The network is not a separate legal entity of any description in any jurisdiction and does not provide services. The largest member firms are RSM US formerly known as McGladrey, and RSM UK formerly Baker Tilly LLP.

History

RSM International was founded in 1964 as a small network called DRM (Dunwoody, Robson Rhodes, and McGladrey & Pullen).[4] The organisation restructured in 1993, changing its name to RSM International. The word International was dropped in 2015.

Historically, RSM was derived from the initials of three of the original founding member firms of the organization:

Founding member Robson Rhodes was acquired by Grant Thornton and absorbed within its network, while Salustro Reydel merged with KPMG.[5] McGladrey, the member firm of RSM US, is still part of the network today.[6]

In January 2006, Jean Stephens became the first female chief executive officer of an international accounting network in the Top 10.[7]

In April 2024, it was announced that Ernest John Nedder would become CEO on 1 June 2024[8]

See also

External links

Notes and References

  1. Web site: RSM global revenue leaps 16% to record US$9.4bn. RSM . RSM International Ltd.. 23 January 2024. 23 January 2024.
  2. Web site: Irvine. Julia. Deloitte still world's number one firm. Economia. ICAEW. February 2019. 19 November 2019.
  3. News: Nexia and Baker Tilly round out top ten global accounting networks . 19 November 2019. Consultancy.org N. 25 February 2019.
  4. Web site: 26 November 2018. The story of RSM. 15 July 2021. RSM Global. en.
  5. Web site: 28 April 2007. Auditors join forces to take on Big Four. telegraph.co.uk. 25 August 2007. https://web.archive.org/web/20070825060802/http://www.telegraph.co.uk/money/main.jhtml. 25 August 2007. dead.
  6. Web site: 21 October 2006. International Accounting Bulletin, "RSM Salustro Reydel, KPMG to merge". vrlknowledgebank.com. 21 October 2006. https://web.archive.org/web/20061021161316/http://www.vrlknowledgebank.com/newsletter_article_home.php?id=8&issueid=691&articleid=11750. 21 October 2006. dead.
  7. News: Jean M Stephens: Chief Executive Officer. 11 March 2022. www.rsm.global. 11 March 2022.
  8. News: E.J. Nedder to be CEO of RSM International. 18 April 2024. www.rsm.global. 18 April 2024.