Wednesday, October 23 2013 18:03
BDO, the fifth largest accounting network in the world, to mark its 50th anniversary in 2013
ArmInfo. Binder Dijker Otte & Co (BDO), the fifth largest accounting network in the world, will mark its 50th anniversary in 2013. BDO Armenia appeared in the Armenian market of audit services in 2012 when BDO acquired Ameria Audit CJSC. To recall, Ameria Audit CJSC has been operating in the Armenian audit market since 1996 and is a part of Ameria Group.
The company's press service has told ArmInfo that the combination of the best international practices and highly professional skills of Armenian specialists allowed expanding the company's activities both in Armenia and other countries of BDO's presence over the past year. The source says that BDO, which has offices in the UK, Liechtenstein, China, India, Greece, Jordan, Ethiopia, Mongolia, Barbados and other countries, expanded its geography over the past year and now provides services in 138 countries via more than 1,204 offices. In 2013 the merger of BDO and PKF was successfully completed and it allowed considerably extending the company's potential.
BDO's sustainable promotion increases the capacities of BDO Armenia, outlines new ways of development of Armenia's business environment, and creates new advantages for Armenian enterprises. BDO Armenia provides services to commercial and non-commercial organizations in a variety of fields, state-run companies, private entrepreneurs, and taxpayers. The company provides the following services: compulsory or optional audits, review of financial statements, other assurance service on particular matters, advice on controls and processing system weaknesses, confirmation of accounting treatments with respect to complex transactions; increased monitoring of prospective accounting and regulatory changes; expert opinion on financial conditions of the company, detailed analysis of the financial indicators and ratios; expert opinion on the prospective financial information of the company, study and analysis of company assets and liabilities. BDO Armenia's services also cover past period tax review, current period tax review, tax planning, tax expertise, tax due diligence; outsourced accounting, valuation services, transaction advisory, IT advisory, etc.
To note, BDO Armenia is a Member Firm of BDO. The entry of the company into the Armenian audit market created a unique opportunity to introduce the best international practices and audit technologies in Armenia, as well as to stimulate competition in the field of audit services. The decision of Ameria Audit to join BDO was mostly conditioned by the toughened audit legislation in Armenia, which enhanced the need to meet international standards.
To recall, BDO is an international network of public accounting firms, the BDO Member Firms, which perform professional services under the name of BDO. Each of BDO International Limited, Brussels Worldwide Services BVBA and the member firms of the BDO network is a separate legal entity and has no liability for another such entity's acts or omissions. BDO was founded in 1963 when firms from the UK, Netherlands, Germany, US and Canada joined forces to share and expand their knowledge to better support clients. It was known as Binder Seidman International Group until 1973, when it adopted the name Binder Dijker Otte & Co: BDO. At year end on 30 September 2012, BDO's global network provides advisory services in 138 countries, with almost 55,000 people working out of 1,204 offices worldwide. The summary proceeds of the Member Firms of BDO amounted to 4.63 bln EUR ($6,015 bln) in 2012 (13.98% y-o-y growth).
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