RSM Australia appoints four new partners and nine new principals

RSM LogoRSM Australia, one of the largest mid-tier accounting firms in Australia, has appointed four new partners, and nine new principals, bringing the total count of partners to 94, and principals to 42.

Jamie O’Rourke, newly-appointed national chairman, RSM Australia, said, “By hiring and promoting the right people, RSM is providing clients with the knowledge and expertise they need to help them reach their goals. For example, three of the new appointees are located in Ballarat to bolster its audit division, reflecting a growing need in that region. Research and development is also a key focus area for many of our clients. RSM has and will continue to expand according to our clients’ needs so we can help them do business better.”

New partners

John Findlay, Ballarat

John joined RSM Australia in 2016, and works in assurance & advisory. He has more than 25 years’ audit experience and works closely with both for-profit and not-for-profit clients from the private and public sectors. His clients include companies in the agribusiness, medical, pharmaceutical, construction, finance and investment, manufacturing, and retail industries, among others. John is based in Ballarat.
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Directors shouldn’t second-guess asset values: RSM Australia warns

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Regardless of their size, past acquisitions are coming back to haunt the financial statements of a growing number of ASX-listed companies. This is one of the major conclusions within the latest annual Business Acquisition and Impairment Review (2016) by national accounting firm RSM Australia (RSM) which has been assessing the financial reporting impact of recent acquisitions on the financial statements of ASX-300 and non-ASX 300 companies since 2013.

While median acquisition size for all classes of ASX-listed companies has increased in line with the All Ordinaries index, the 2016 review reaffirms the need to reassess future business plans and profitability forecasts in light of post-acquisition financial performance of acquired businesses.

Impact on reported earnings
What’s driving the need to reassess future business plans and profitability forecasts, advises Glyn Yates, Director and National Head of Corporate Finance at RSM, are rising impairment charges that significantly impact an entity’s reported result and net asset position.
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RSM Australia appoints three new principals

RSM LogoFebruary 18, 2016RSM Australia, one of the largest mid-tier accounting firms in Australia, has appointed three new principals, bringing the total count of principals to 38 and partners to 95.

The three new principals are Nadine Marke and Dan Hutchens, who are both based in Perth, and Jessica Olivier, who has joined the Sydney office.

Nadine Marke, Perth
Nadine joined RSM Australia in 2007. She has more than 15 years’ experience in corporate advisory services, working in the UK and Australia. Nadine currently leads RSM’s litigation support services in Perth focusing on valuations and financial investigations. She is an accredited CA Business Valuation Specialist. Nadine is based in Perth.

Dan Hutchens, Perth
Dan joined RSM Australia in February 2016. He has extensive experience in providing co-sourced and outsourced internal audit services, risk management services and governance advice to the public and private sectors. His clients include state government agencies and private and listed companies. Dan is based in Perth.
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RSM Bird Cameron becomes ‘RSM’ as RSM International network adopts a single global brand name for all member firms

RSM_Bird_Cameron_Logo@2xRSM Bird Cameron will be rebranding to ‘RSM’ following the global announcement by its international network, RSM International that it is adopting a single global brand. RSM International, the world’s seventh largest audit, tax and consulting network, is adopting ‘RSM’ as its global brand name across all of its member firms worldwide.

RSM Bird Cameron is the ninth largest provider with 28 offices and 1,000 staff in Australia and was a founding member of the RSM International network over 50 years ago.

Kim Hutchinson, National Chairman of RSM Bird Cameron, said, “The decision to move to a global unified brand was a natural extension of the firm’s increased international operations across the network. While the network has been operating together for more than 50 years, this decision provides clarity to the market and importantly, to our clients, about who they are dealing with in 114 countries around the world”.

The adoption of a unified brand reinforces the global network’s position as the adviser of choice to entrepreneurial, growth-focused organisations.
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Megan Smithies joins RSM Bird Cameron as Director Government Services

RSM_Bird_Cameron_Logo@2xJanuary 19, 2015RSM Bird Cameron, one of the largest mid-tier accounting firms in Australia, has announced that Megan Smithies has joined the firm as Director Government Services, based in the Canberra office.

Megan’s extensive government experience will inform her efforts to build stronger relationships with the public sector. She brings a deep understanding of the challenges that face government agencies. Megan has advised on issues such as budget and economic policy, expenditure and review priorities, capital investment and divestment decisions, service delivery, efficiency and effectiveness reviews, balance sheet management, taxation policy and administration, risk, and governance issues. Megan will work with the different practices across RSM Bird Cameron as an advisor on public sector projects.

Before joining RSM Bird Cameron Megan worked within the government sector for more than 25 years. In her most recent role as Director General for Commerce and Works Directorate for the ACT government, Megan sponsored major reforms to the ACT’s capital infrastructure program (The Capital Framework). This project led to the introduction of a range of new delivery models, improved infrastructure delivery mechanisms, risk quantification and management and better project governance structure. Read more ❯

RSM Bird Cameron’s fraud and forensic capability strengthened with senior appointment

RSM_Bird_Cameron_Logo@2xJanuary 16, 2015RSM Bird Cameron, one of the largest mid-tier accounting firms in Australia, has strengthened its fraud and forensic capability with the appointment of Roger Darvall-Stevens as Partner in the Melbourne Audit and Assurance practice.

Roger will also take on the role as the National Head of Fraud & Forensic Services. Roger joins RSM Bird Cameron from Ernst & Young bringing more than 25 years of forensic experience working with a range of public and private companies.

Kim Hutchinson, national chairman, RSM Bird Cameron, said, “Roger’s appointment will strengthen the firm’s capabilities in forensic investigations and forensic accounting, fraud, bribery and corruption, control including prevention, detection and response, related training, forensic IT, compliance and corporate security.”

RSM Bird Cameron has also promoted Katie O’Connor and Brad Loftus as Principals.

Katie is part of the RSM Bird Cameron team in Melbourne and provides business advisory services to a broad range of private clients and small to medium-sized businesses. Read more ❯

Minimal change to corporate tax rates expected in spite of global tax infrastructure reform says RSM research

RSM_Bird_Cameron_Logo@2xSydney, 1 December, 2014 – The majority of tax advisers globally expect corporate tax rates to remain relatively unchanged over the next three years, according to research by RSM, the seventh largest global network of independent audit, tax and advisory firms. This is in spite of global tax reform led by the OECD aimed at targeting tax avoidance by multinational corporations.

RSM analysed the views of its tax partners from 54 countries in its report, The Evolution of Tax. The report was developed in light of the increasingly global economy, which necessitates cross-border business. An international view of tax is vital for organisations to thrive.

Transfer pricing, increased information sharing between countries and a revision of the tax treaty framework are just three of the main areas where major changes are likely, according to the report. And while the focus of international tax authorities is currently on multi-national corporations, businesses of all sizes will need to plan their strategies accordingly. Read more ❯

RSM Bird Cameron awarded ‘Transfer Pricing Team of the Year’ in Thomson Reuters Tax & Accounting Excellence Awards

RSM_Bird_Cameron_Logo@2xNovember 24, 2014RSM Bird Cameron, one of the largest mid-tier accounting firms in Australia, has been awarded ‘Transfer Pricing Team of the Year’ in the Thomson Reuters Tax & Accounting Excellence Awards.

The awards aim to recognise excellence across all firms and individuals in the expertise of tax and accounting in Australia.

Anthony Hayley, Transfer Pricing Principal, RSM Bird Cameron, said, “RSM Bird Cameron is privileged to receive this award.

“Transfer pricing is the number one commercial, fiscal and risk management issue currently facing multinational business. This is largely driven extremely volatile and dynamic transfer pricing regimes both domestically and internationally. This challenging environment is compounded by the OECD’s base erosion and profit shifting (BEPS) initiative. It is therefore essential that clients have in place a coherent strategy to deal with these challenges and opportunities.

“This award is testament to RSM Bird Cameron’s cohesive and flexible transfer pricing team which brings together skills from all its Australian offices to service clients on a local, regional and global level.” Read more ❯

Australia’s net new businesses growth rate up 0.4 per cent

RSM_Bird_Cameron_Logo@2xJune 17, 2014 – Australia’s net rate of business creation grew by just 0.4 per cent in the year to 2013*, with the creation of 9,000 new companies, according to a global survey of official data by RSM, the seventh largest global network of independent audit, tax and advisory firms.

Enterprise births and deaths in Australia diverged in 2008-09, producing net company formation of over 74,000 companies. Rates then converged on a downward trend, with new company entries marginally surpassing exits between 2010 and 2012.

Neil Cribb, Partner and National Head of the Turnaround & Insolvency Group of RSM Bird Cameron, said: “Notwithstanding an economic environment with falling interest rates to historical lows in the first quarter of 2013/14, going forward we would expect to see a continuing decline in net business creation.  This comes as a result of the continuing pressure of high operating costs for most Australian businesses (particularly when compared to our Asian neighbours). A particular case in hand the manufacturing sector as evidenced by the necessary restructure of the Australian motor vehicle industry, which has struggled to be competitive over an extended period even with extensive industry and government consultation and support.” Read more ❯

RSM Bird Cameron celebrates with its global network, RSM International, on their 50th anniversary

RSM_Bird_Cameron_Logo@2xMay 22, 2014RSM Bird Cameron, the Australian independent member firm of leading audit, tax and advisory network, RSM International, is joining in the global celebrations in honour of the network’s 50th anniversary.

Since its foundation in 1964, RSM has grown to become a network with member and correspondent firms in 108 countries who employ over 32,000 people across more than 700 offices. RSM is the sixth largest provider of tax services globally and has top ten member firms in all key economies, including the USA where it is the 5th largest firm, and in China where its member firm is part of the country’s third biggest national firm. RSM also recently announced the admission of Baker Tilly, the 7th largest firm in the UK, to its network.

Running from May through to the RSM World Conference at the end of October, the Global 50th Anniversary Tour will see celebratory events taking place at the network’s regional conferences in Asia Pacific, Middle East and North Africa, Latin America, and Europe, as well as at the RSM Academy and RSM ITAX Academy.
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