RSM, the leading provider of assurance, tax and consulting services to middle-market businesses, has announced worldwide
revenues of US$9.4- billion for the 12 months to December 2023, a year-on-year growth of 16%--.Global fee income for
accounting and audit services rose by 15% to US$3.6bn, while RSM’s tax revenues jumped by 17% to US$2.6bn. Consulting
revenue totalled US$3.1bn, representing a 16% increase on 2022.RSM New Zealand is based in Auckland and covers the whole
country across all services. The Kiwi offices will have 23 partners from 1 February, and currently employ over 170 team
members. RSM’s Audit team is the biggest outside of the Big 4 in the Auckland market.
Steve Hayes, Chairman of RSM NZ is excited for what 2024 will bring for the network. He says "this new year has started
off with a bang for us already, we're seeing the market undergoing significant change with new opportunities arising at
an incredible rate. We've also got some exciting announcements coming that show our dedication to driving the global
strategy. We are really proud of what we achieved in 2023 and are driven to keep positively impacting both domestic and
international clients."
Since the launch of RSM’s 2030 Global Strategy at the start of 2023, over the past 12 months RSM has established the
critical building blocks for ongoing growth, transformation and change, focusing on four Strategic Drivers - People,
Clients, Technology and Solutions. With a 13% increase in global headcount, RSM is dedicated to developing an
unrivalled, inclusive culture and talent experience, believing investment in both people and technology to be critical
to sustained growth and delivering rich, personalised client experiences. Global tech and digital investment increased
four-fold over 2023 compared to 2022, over and above the significant technology investments being made by RSM member
firms in all territories.
All regions showed impressive growth. Europe grew by 36% compared to 2022 as a result of sustained development across
member firms and the addition of RSM Ebner Stolz in Germany. North America, RSM’s largest region by revenue, saw an
impressive 13% rise in fee income for the latest financial year, powered by significant growth in both tax and
consulting services, particularly in relation to IT and ESG consulting. A strategic merger in South Africa in July 2023
coupled with overall progress across the region contributed to a 29% leap in revenue from Africa over the period.
Exceptional growth was also recorded for both the MENA region, with a 30% increase on 2022, and Latin America, with an
increase of 18%. Representing more than US$1bn in fee income, the Asia Pacific region grew by a strong 8%.
Jean Stephens, CEO of RSM International, said: "This year’s financial results further cement our status as the leading
global provider of professional services to the middle market. Powered by our 2030 Global Strategy - Taking Charge of
Change - RSM has worked collaboratively as a global organisation more than ever before to innovate and better serve
clients across borders."With an emphasis on the generation and sharing of insight, streamlining the efficiencies and
effectiveness of service provision and building connectivity through an enhanced global digital infrastructure, RSM is
focused on providing innovative and valuable human insights powered by technology."
Looking ahead
The first key milestone of 2024 for RSM is the launch of its evolved global brand - with new visuals and re-energised
messaging designed to be more representative of the breadth and depth of the organisation today and to better reflect
RSM’s purpose - to instil confidence in a world of change. Continuing to hero their people as the central pillar of
their brand, RSM has introduced a new creative device taken from the DNA of its logo. Named the ‘Pattern of Progress’,
the device reflects the journey of discovery RSM undertakes to build dynamic and compelling solutions to individual
client needs. It symbolises forward movement and the attainment of future goals in an ever-changing complex world,
reflecting RSM’s focus on the issues that matter most to its clients and people.Among the technological developments
underway, January 2024 will see the launch of RSM Luca, the organisation’s digital audit ecosystem, integrating
sophisticated technologies and efficient processes to better enable agile, insight-driven, tech-forward audits tailored
to client’s unique business environments.
RSM is also committed to significant additional investment over the year in sustainability frameworks and initiatives,
and the evolution of independence systems and inspections procedures to ensure quality and responsible business
practices remain central to RSM’s service provision across all areas.
Jean Stephens added: "Over 2024, we will undertake a vast number of transformative projects as we continue to harness
our global strength and build maximum relevance with our key stakeholders. These financial results support our solid
foundation for even greater future growth, ensuring RSM goes from strength to strength as we move forward with
confidence, commitment, and energy."