practice acquisition turns Russell Bedford Italy into a full-service
= December 8, 2004, 7:26 am
Author = Kempton Bedell-Harper
Industry = Accounting
Summary = In a strategic move, Russell Bedford's Italian member
firm, Studio Internazionale, has acquired a top-20 accounting network's
local audit practice and become one of the fastest growing multi-discipline
consulting groups in Italy.
Body = Russell Bedford International - the global network of independent
accounting, audit and consulting firms - has announced the acquisition
by its Italian member of a rival network's local audit practice
in 1989, Russell Bedford's Italian member, Studio Internazionale,
is now one of the fastest growing multi-discipline consulting groups
to acquire the audit business is the firm's response to developments
in the Italian market - characterised by the difficulties facing
the Big-4 following the recent Parmalat and Cirio scandals - which
have opened up business opportunities
to entities able to enter aggressively into the audit sector.
brings three new audit partners, one new tax partner and ten more
support personnel. It was executed through the incorporation of
a separate audit company to help comply with the requirements of
the proposed revised Eighth
Directive on statutory audit in the European Union. Following the
group's reorganisation, the audit company will have three partners
and ten staff; the tax/legal consultancy will have five partners
and 24 staff.
include the opening of a Milan office to support the firm's client
base in the region, which includes public organisations and enterprises,
some of them listed on the Milan Stock Exchange.
The group has
international clients headquartered in Europe (some of them listed
on the London Stock Exchange), USA and elsewhere, and provides local
consultancy support to foreign investors developing their businesses
his firm's strategic move, partner Maurizio Lauri explained: "We
are now one of the few independent Italian groups able to provide
a comprehensive accounting, audit, legal and tax service to corporate
clients, offering them a real
alternative to the Big-4, with the added bonus of international
support through the Russell Bedford network."
information, contact Maurizio Lauri at Studio Internazionale Legale
Tributario on +39 06 692 04 91, or Kempton Bedell-Harper at Russell
Bedford International on +44 20 7410 0339. Alternatively, visit
the websites at
www.studiointernazionale.it and www.russellbedford.com.
Note to Editors
International was established in 1983 by a group of medium-sized
independent audit and accounting firms aiming to counter the market
dominance of the major multi-national accounting groups.
Russell Bedford is now a closely-connected global network of independent
accountancy and business consultancy firms in key locations around
the world, and is represented in some 50 countries in Europe, the
Americas, the Middle East, Africa and
Bedford affiliates are well-established firms offering international
business advice and services to local and multinational clients.
Most provide a full range of services comprising accounting, auditing,
tax advice, general business
guidance and financial consulting. In addition, many have special
expertise in particular fields, such as international taxation or
Web Site = http://www.russellbedford.com
= Kempton Bedell-Harper
Russell Bedford International
Russell Bedford House, City Forum
250 City Road, London EC1V 2QQ
T: +44 (0) 20 7410 0339 / 7490 7766
F: +44 (0) 20 7490 5102
Back to previous
Back to home page...