Global accountancy network MGI Worldwide, headquartered in the UK, and association CPAAI (CPA Associates International), with its headquarters in the US, have announced that they will be merging on 1 January 2020 to create a new organisation with 257 member firms around the world.
The deal, finalised recently in Dubai, UAE, will create an organisation with revenues approaching $1 billion, placing it in 16th position in the current global accountancy network ranking.
Both organisations have been active for more than 60 years in their markets and combined will offer clients access to almost 9,000 professionals in almost 100 countries.
The merger will also offer member firms greater resources, access to more expertise in new jurisdictions, a wider range of services and stronger brand recognition. Global quality assurance will be available to CPAAI firms as they join the MGI Worldwide network.