BDO, the fifth largest network of independent public accounting firms, has added a new member firm in Brazil, which formerly belonged to the Crowe Horwath network, while BDO’s former member firm in Brazil is jumping over to KPMG’s network.
BDO RCS Auditores Independentes, formerly a member of the Crowe Horwath network, will be joining BDO’s network as of March 31. The firm has approximately 250 partners and staff working in six offices across the country. The firm had 2010 fee income of more than $12 million and is the fifth largest accounting firm in the country. BDO’s former member firm in Brazil will be joining KPMG’s network, but some of the partners and staff will be staying with BDO.
“We are delighted to welcome BDO RCS Auditores Independentes to the BDO network and we are confident that the new BDO Brazil has the capabilities and resources to handle all of our work in the country,” said BDO International Limited CEO Jeremy Newman in a statement. “Furthermore, certain partners and staff from our previous member firm will be staying with BDO and this will enable a seamless continuity of service to our clients.
"The strategy of the new BDO Brazil is directly aligned to that of our international network, and I have no doubt that their skills and expertise will be welcomed both in the Latin American region and in BDO as a whole," Newman added. "BDO remains fully committed to Brazil and will be investing in the development of the new BDO Brazil to ensure the firm is able to provide the distinctive service that BDO is recognized for on an international basis.”
