RSM International

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

RSM International
TypeMember firms have different legal structures
United States and United Kingdom: Limited Liability Partnership
IndustryProfessional services
Founded1964
HeadquartersLondon, United Kingdom
Area served
Worldwide
Key people
Jean Stephens (CEO)
ServicesAssurance
Tax advisory
Management consulting
Financial advisory
Risk advisory
Revenue US$7.26 billion (2021)[1]
Number of employees
51,000
DivisionsAudit
Tax
Consulting
Websitersm.global

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. Together, the North American, European, and Asia Pacific regions accounted for $4.87 billion of revenues in 2016.

All member firms of the network were rebranded as RSM on October 26, 2015.

History

RSM International has been in continuous existence since 1964, when it began as a small network that was originally called DRM (Dunwoody, Robson Rhodes, and McGladrey & Pullen).[4] The organization restructured in 1993 and changed its name to RSM International.[4]

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 their 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]

See also

References
  1. "Global revenue increased by 15.8% to $7.26 billion driven by rise in global demand". RSM. RSM International Ltd. 11 January 2022. Retrieved 11 January 2022.
  2. Irvine, Julia (February 2019). "Deloitte still world's number one firm". Economia. ICAEW. Retrieved 19 November 2019.
  3. "Nexia and Baker Tilly round out top ten global accounting networks". Consultancy.org N. 25 February 2019. Retrieved 19 November 2019.
  4. "The story of RSM". RSM Global. 26 November 2018. Retrieved 15 July 2021.
  5. "Auditors join forces to take on Big Four". telegraph.co.uk. 28 April 2007. Archived from the original on 28 April 2007. Retrieved 25 August 2007.
  6. "International Accounting Bulletin, "RSM Salustro Reydel, KPMG to merge"". vrlknowledgebank.com. 21 October 2006. Archived from the original on 21 October 2006. Retrieved 21 October 2006.
  7. "Jean M Stephens: Chief Executive Officer". www.rsm.global. 11 March 2022. Retrieved 11 March 2022.
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