MGI North American report Ed Fahey NORTH&AMERICA& Network - - PowerPoint PPT Presentation

Ed Fahey

MGI North American report

NORTH&AMERICA&

• Network and Alliance Implementation
• International Tax Reform
• Strengthening relationships with Mackrell
• Development of website
• Coordinating Committee membership

NORTH&AMERICA&

Where will our strategy take us?

Peter Winter

Clive Bennett

The new MGI

How we got here

The 2012 Strategy

MGI adds value to members’ businesses Ensure consistent member quality Strengthen the global brand

…and avoid being a network

MGI Vision from 2012 “To be where the world’s best audit, tax, accounting and consulting entrepreneurs do business.”

May 2013

Newport Beach

May 2013

Montevideo

June 2013

Brussels

October 2013

Sydney

May 2014

Miami

June 2014

Berlin

The debate

The results of the debate

• We are (mostly) a network, like it or not.
• Business information forms and member

feedback don’t improve quality.

• We need proper quality review, which only

a network can do.

• Vicarious liability risk is not greater in a

network.

• Network firms not obliged to use prefix.
• Not all members want to be in network –

Alliance membership is important too.

The analysis

January 2014 White paper -proposal for a hybrid structure August 2014 IC’s implementation plan

August 2014

IC’s implementation plan

October 2014 Chicago AGM

Agreed by 100 votes to 19

How is

• rganized?

Network governance

International Committee

Decisions

Technical Committee

Technical supervision and opinions

SWAT UK

Technical support, process and administration

CEO

Management Members’ views

NLC

Network Liaison Committee

Africa Juané Schreuder Asia Deepak Goil Australasia David Fong Europe Michael Grüne Latin America Luis Uncal MENA Mohamed Boumesmar North America Sharon Gregor UK & Ireland Roger Isaacs

Michael Grüne Luis Uncal Roger Isaacs

Technical Committee

What does the TC do?

• 1. Advises the International Committee

– Network regulations – Procedures and processes – The operation of the network – Relevant technical issues – Disciplinary matters regarding member firms – Quality of member firms

• One of the UK’s largest suppliers of

accountancy/audit training and compliance reviews.

• Will manage:

– Self assessment questionnaires – Audit independence system – On site reviews – First analysis of reviews

What is SWAT UK?

• 1. The Network

Branding

• 2. The Alliance

Branding

Implementing the new brands On the website now

Coming soon

Network or Alliance?

How to make your decision

Implementing your decision

Does&our& firm&want& to&join&the& network?& Do&we&use& the&MGI& prefix?&

No Yes No Change'firm'name'

Replace&all&references& to&MGI&with&&

Yes

Complete&signDup& process& Enhance&use&of&MGI& brand&in&markeGng& Prepare'for'quality' review'(2&years)&

2012 Strategy

“MGI must add value to members’ businesses”

Ways of adding value

• Receiving inward referrals
• Supporting your clients around the world
• Serving the new international “niche”
• Same quality abroad as you give at home
• International prestige
• Weight of powerful international brand
• Exchange of knowledge and expertise
• Access to higher value international clients
• Competing better against big firms
• Cross border projects

Strengthening the brand Sharing expertise Cross border business development

The values we need to communicate to our market and

Regional and international scope Thought leadership Shared expertise

Prestige Safe pair of hands Global quality standards Added value

Aligning worldwide and local brands

International tax Transfer pricing

Knowledge exchange

Cross border business development

Thank you