Some highlights from the latest World Survey, released by the International Accounting Bulletin

Some highlights from the latest World Survey, released by the International Accounting Bulletin

An overview of the International Accounting Bulletin

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Some highlights from the recently published world survey rankings by IAB include:

According to the data released, Allinial Global – an association of which Tri Thuc Viet Co., Ltd. (TTV) has been a member in Vietnam since 2017 – has achieved notable accomplishments.

1. Maintaining the second position globally

Accordingly, Allinial Global has firmly reinforced their position by maintaining the second spot among the top 10 associations with the best performance. With an impressive growth rate of 21%, the total revenue gap between 2022 (USD 4,985.0 million) and 2023 (USD 6,034.3 million) amounted to USD 1,049 million. This growth rate is also the highest among competitors in the top 10. Although still trailing behind Praxity – the leading association, this is an encouraging sign indicating significant improvements in quality and service diversification for customers by Allinial Global in 2023.

The World Associations Fee Data 2024
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The World Associations Staff Data 2024
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Not only did Allinial Global experience significant revenue growth, but it also expanded its scale considerably. The total number of employees from member firms increased by 13% to reach 42,739 personnel. Notably, the number of Partners saw a sharp decline from 6,587 individuals in 2022 to only 4,364 individuals in 2023. However, conversely, there was observed growth in the number of professional staff, administrative staff, and offices

2. Advancing in the Asia-Pacific region

Similarly to the global figures, the Asia-Pacific region also saw significant growth at 19%, leading the top 10 with a total revenue gap between 2022 (USD 340.9 million) and 2023 (USD 406.1 million) amounting to USD 65.2 million. This achievement has enabled Allinial Global to secure the third position in the rankings.

The Asia Pacific Associations Fee Data 2024
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It is worth emphasizing that according to the national rankings data in the Asia-Pacific region in July and August 2023 by IAB, Vietnam tied for second place with Australia and was only behind the leading position held by Malaysia. This is a positive signal, especially considering that there are only two members of Allinial Global in Vietnam: Donga Songgang Accounting Firm-Vietnam Branch (the parent company headquartered in South Korea) and Tri Thuc Viet Co., Ltd. (currently the sole member from Vietnam joining Allinial Global since 2017). This illustrates the continuous efforts of the Tri Thuc Viet team in providing professional and high-quality services to customers both domestically and internationally, contributing to Vietnam’s achievements alongside Donga Songgang Accounting Firm, which is also an important partner of Tri Thuc Viet.

The support and trust of our valued customers, companies, and partners have been a tremendous driving force behind our successful transformations in recent years. Thanks to this, we, Tri Thuc Viet Co., Ltd., have been continuously improving our professional services to meet the needs of our customers. Beyond the basic services such as accounting, auditing, tax advisory, and business consulting, we are expanding our range to include other professional services such as M&A, valuation, financial appraisal, and many more.

Source: Internationalaccountingbulletin.com (“IAB”); Information from the Asia Pacific Regional Director of Allinial Global.