RSM International

RSM International, branded RSM, is a multi-national 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
Consulting
Financial Advisory
Other
Revenue US$6.3 billion (2020)[1]
Number of employees
48,000
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. On October 26, 2015, all member firms of the network were rebranded as RSM.

History

RSM International has been in continuous existence since 1964, when it began as a small network that was originally called DRM. In 1993, the organisation restructured, and changed its name to RSM International.

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

  • Robson Rhodes (United Kingdom)
  • Salustro Reydel (France)
  • McGladrey (United States)

Founding member Robson Rhodes was acquired by Grant Thornton, and absorbed within their network,[4] while Salustro Reydel merged with KPMG.[5] McGladrey, the RSM US member firm, is still part of the network today.

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

See also

References
  1. "Agile response to challenging year helps secure 9.2% global growth for RSM". RSM. RSM International Ltd. Retrieved 21 January 2021.
  2. Irvine, Julia. "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. "Auditors join forces to take on Big Four", Daily Telegraph, 28 April 2007
  5. International Accounting Bulletin, "RSM Salustro Reydel, KPMG to merge" Archived 2006-10-21 at the Wayback Machine
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