Welcome to the Nexia European Meeting Delhi, October 14 th 2008

Welcome to the Nexia European Meeting

Delhi, October 14th 2008

16:00 Chairman’s introduction Mike Bishop

16:10 Country Update – Russia Olga Goryacheva

16:30 Sub Committee updates- Quality, Coverage, Referrals Chris Leenders- Marketing Paul Wyse- Education, Training, Secondments, Social Mike Bishop

17:00 Budget 2008/09 Mike Bishop

17:10 Group working – priorities for All2008/09 and beyond

17:55 Close Mike Bishop

AGENDA

MEMBERSHIP

• New Members

Gibraltar Benady Cohen Moe Cohen

Latvia Audit Advice Andrejs Ponomarjovs

Lithuania Auditas Risardas Krinickis

• Existing members

RECENT EVENTS

• London European Meeting - 12th and 13th June-London Stock Exchange / Fortis

• Young Managers – Malta, 10 - 13th September- 27 delegates 13 countries

• Young Leaders – Barcelona, 17th – 20th September- 25 delegates 10 countries

• European Tax Group – Dubrovnik 25th and 25th September- 40 delegates 15 countries

• Soccer tournament – Liechtenstein, 30 August- 10 teams 6 countries

CONGRATULATIONS

KroeseWevers

UPCOMING EVENTS

• European Meeting – Barcelona 22nd and 23rd April 2009

• European Tax Group – AmsterdamFebruary 2009

8TH DIRECTIVE

SCHOLARSHIPS

• €30,000 from secretariat

NEXIA CISOlga Goryacheva

Delhi, October 14, 2008

RUSSIA – FOREIGN INVESTMENT (billions, USD)

0

20

40

60

80

100

120

140

2002 2004 2006 H12008

UNEMPLOYMENT RATE, % (Russia)

0

2

4

6

8

10

2003 2004 2005 2006 2007 2008

M&A – CENTRAL AND EASTERN EUROPE (2007)Thomas Finance

42%

58%

Central and EasternEurope

Russia

Nexia CIS Strategy

Extensive Development

CooperationCommon

Marketing Strategy

Joint Projects Quality ControlInformation Exchange

INTERNATIONAL COOPERATION PROBLEMS

RESPONSE TIME CONFIDENCE

WHAT CAN WE DO?

1 PricewaterhouseCoopers International Limited

2 BDO International

3 BKR International

4 PKF

5 CPA Associates International

6 A Horwath Business Alliance

7 RSM International

8 Praxity

9

10 EuraAudit International

Nexia International

INTERNATIONAL NETWORKS IN RUSSIA

Nexia Europe QCR Subcommittee

Update on Progress 2008Chris Leenders (Chair)

Nexia Europe Marketing Subcommittee

Update on Progress 2008Paul Wyse (Chair)

Structure

Nexia International

Nexia Europe Board

MarketingQuality control,

Referrals, Coverage

Education, Training,Secondments

Nexia Europe Members

Marketing Subcommittee Members

• Paul Wyse Ireland Chairman• Per- Ake Bois Sweden Vice Chairman• Andrew Strickland UK Secretary• Paul Bernhardt Weiss Germany• Johan Bossink Holland• Susana Poyiadjis Cyprus• Miroslaw Kosmider Poland• Yves Sonier France

Objectives

• Improving Nexia brand recognition in Europe

• Developing a useful database about European member firms, their skill sets and sectoral expertise

• Targeting international clients for Nexia member firms

• Liaison with International Communication Subcommittee

Meetings this year

• Nice February 2008

• London June 2008

• New Delhi October 2008

Nexia Brand Recognition

• New branding launched at Dublin conference

• Review implementation

• Monitor consistency of presentations between firms

Information about European Member Firms

• Nexia International Website– New search facility– Summary information about each firm– Analysis by country – industry sector/practice

group

Targeting International Clients

• Access to International client database of European member firms– Referrals by Nexia– Referrals by connectors– Locally developed work– Referrals by other networks

• Information is key

Liaison with International Communication Subcommittee

• Need for cross representation

• Working together and implementing at European level

Marketing Issues raised at European Meeting

• Redesign of International Website– In progress– Client friendly– Client testimonials– European aspect

• Liaison between International Communications Committee and European Marketing Subgroup

• International dedicated PR person or outsourced• Marketing training• Sharing and advertising European success stories• Building industry profile

Country Allocations

• Subcommittee members have been allocated a block of European countries as follows:

– Per-Ake Bois: Denmark, Estonia, Finland, Norway, Sweden

– Johan Bossink: Belgium (VGD), Hungary, Luxembourg, Netherlands

– Miroslaw Kosmider: Poland, Czech Republic, Slovakia, Croatia, Ukraine

– Susana Poyiadjis: Cyprus, Greece, Italy, Russia, Latvia

– Andrew Strickland: UK, Portugal, Spain, Romania, Bulgaria,

– Paul Bernhardt Weiss: Austria, Germany, Liechtenstein, Luxembourg (non VGD),

– Paul Wyse: Channel Islands, Isle of Man, Northern Ireland, Republic of Ireland

– Yves Sonier: France, Switzerland, Turkey, Malta

European Regional Meetings

• Firm profile presentations

• Client activity around meetings

• European Board Subcommittee reports

Q & A

Nexia Europe ETSS Subcommittee

ETSS

Committee Members

• James Riddiough (Chair)

• Christian Harms

• Elena Yuzhakova

• Luminita Ristea

• Lars Valkenberg

Young Managers

Objective

– Understanding yourself and team-working in a cross border environment

Feedback– Did the course meet its objectives? (1= Excellent, 5= Poor)        

Average Score = 1.2– How relevant was the course to you  (1=Very relevant, 5=  not relevant)        

Average Score = 1.3

Young Leaders

Objective– Winning new business in a cross border

environment

Young Leaders – Pre Course Ratings

Young Leaders – Post Course Evaluation

Young Leaders - Post Course Evaluation

Both Young Managers & Young Leaders

• One day business English course

Leading International Assignments Course

• London• 3-5 June 2009• Presented by Lars Valkenberg, Claire Davis and Mike Bishop

• Multi location assignments • Project management in an international context • Managing professional risk • Documentation • Independence and ethics • ISA 600 • US GAAP • Case study

Secondments

• Demand and capacity study 2008/9

Budget 2008 / 2009

Budget 2008/2009

NEXIA EUROPE Budget 2008/09 Budget Budget Amount2008/2009 2007/2008 Change

Note EUR EUR EUR EUR EUR

INCOME:Contribution members 1 97,500 94,500Contribution Nexia International 2 22,500 22,500Additional Income - Nexia Int. Youth Devel. 3 30,000 0Cost of Scholorships -30,000 0Interests 0 0

Income total: 120,000 117,000 3,000

EXPENSES:Travel costs and participation fees

Chairman and Secretariat 4 15,000 13,000Board 5 8,000 8,000

23,000 21,000 2,000Member Meetings

European Meetings 6 0 10,000European Tax Group Meetings 6 0 5,000

0 15,000 -15000

Budget 2008/2009 cont..Projects

Sub-committee QCR 7 6,000 6,000Sub-committee Marketing 8 9,000 4,000Sub-committee ETSS 9 20,000 5,000other projects 5,000 5,000

40,000 20,000 20,000

Secretariat 10 41,000 40,000 1,000

Other CostsTelephone, post etc. 2,600 2,500Company costs 11 1,100 1,100Webcosts 12 0 300Communication costs 13 2,500 0Net cost of training 14 0 5,000Development fund 5,000 5,000Website redesign / development 15 0 5,000Accounting costs 16 2,500 0Sundry 2,100 2,100

15,800 21,000 -5,200Expenses total: 119,800 117,000 2,800

Surplus or deficit 200 0 200

Budget 2008/2009

Group Session

• Priorities for 2008/09 and beyond

Closing Comments from the Chairman