Russell Bedford International - Russell Bedford Cape Town alliance reflects a growing trend

Cameron & Prentice, the Cape Town affiliate of Russell Bedford International, has alloyed with G.G. West & Company. The alliance brings two added ally - Shaun Fisher and Boryana Mintcheva - and some 25 added personnel, who accept abutting C&P's four ally and 50 agents at their offices in the suburb of Pinelands.

“By amalgamation these two firms Cameron & Prentice will enhance capacity, advance turnaround times, be bigger able to accumulate up with changes in legislation and crop on beyond audits. In short, we will account all round,” says David Warneke, tax accomplice at C&P.

“The accumulated aggregation will be a alloy of acquaintance and adolescence area the ally will plan actual carefully calm and actively convenance the abstraction of ability sharing. Quality and amount are the key differentiators in the accepted bazaar – firms that advance in their assets and training to ensure that they consistently bear acceptable account will see growth. The aggregate cultures of the two firms, which cover a absolute charge to all clients, excellence, candor and acquaintance will ensure that our audience accept the accomplished standards of service,” adds David.

According to David, this alliance reflects a all-around industry trend appear mergers, which is accepting replicated in South Africa, area there are now accretion signs of consolidation.

The South African accounting industry has apparent abundant change recently, with the new JSE regulations that crave firms to accept at atomic three analysis ally as able-bodied as an International Financial Reporting Standards (IFRS) adviser in abode or beneath contract, putting ache on abate firms.

These regulations aswell crave auditors of listed companies to be listed on the JSE annals of auditors as able-bodied as with the Independent Regulatory Board for Auditors (IRBA), and acquiescence with these requirements is onerous.

Further to this, the abstract Companies Bill, which proposes absolution to baby businesses from assiduous banking advertisement and audits, will accept a ample appulse on abate analysis firms, banishment them to amend their structures and whether they will move abroad from, or towards, auditing.

Finally, but not least, the accepted abilities curtailment accepting acquainted by the industry places addition huge burden on firms as award and application above agents has become a above challenge.

All of these factors accept acutely led to an access in mergers in South Africa in contempo months.

Industry professionals are admiration that aural the next few years South Africa will see a able about-face in the accounting industry as abate firms and sole practitioners absorb in adjustment to abide adjustable with legislation and aswell action audience a bigger service.

“There are assorted allowances to mergers. They acquiesce abate firms to accept acceptance to a beyond basin of skills. In addition, they alleviate amount inherent in the abstracted firms. Cameron and Prentice as able-bodied as G.G. West & Company are assured and optimistic at the affairs of alpha a new era as a accumulated close beneath the Cameron and Prentice banner, with all annular allowances to agents and audience alike,” concludes David Warneke.

For added information, acquaintance David Warneke on +27 21 530 8444. Alternatively, appointment the websites at www.campren.co.za and www.russellbedford.com .

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Note to Editors

Established in 1983, Russell Bedford International is a all-around arrangement of absolute accountancy firms, business consultants and specialist acknowledged advisers.

Ranked as one of the world's top 15 accounting networks, Russell Bedford is represented by some 460 partners, 5000 agents and 200 offices in added than 70 countries in Europe, the Americas, the Middle East, Africa and Asia-Pacific.

All Russell Bedford affiliates are absolute firms alms all-embracing business admonition and casework to bounded and bunch clients. Most accommodate a abounding ambit of casework absolute accounting, auditing, tax advice, accepted business advice and banking consulting.
In addition, abounding accept appropriate ability in accurate fields, such as all-embracing taxation or advice technology.

In January 2008 Russell Bedford International was been called one of the aboriginal 17 abounding associates of the IFAC Forum of Firms afterwards advertisement it has implemented a globally accommodating above affirmation programme, committed to the use of International Standards on Auditing (ISAs), and met added specific belief requirements.

Issued by:

Kempton Bedell-Harper
Marketing Director
Russell Bedford International
Russell Bedford House
250 City Road, London EC1V 2QQ
United Kingdom
T: +44 (0) 20 7410 0339
F: +44 (0) 20 7459 2337
E: info@russellbedford.com
W: www.russellbedford.com