April 2006
European Region
Letter from the Chair

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I am very pleased to report that the streamlining of the Region, which was undertaken in 2003 and 2004, has borne fruit in 2005 both from an operational and a financial viewpoint.

"Value For Money" is what our members want and I believe we are delivering it now.

The European Board met in London last November when we reviewed the activities of each of the Committees for 2005 and considered the individual and overall strategy for 2006 and all the related costs. This review culminated in the 2006 European Progress Update, which was mailed to all the European members in February.

I am very pleased to be able to say that we have controlled membership subscriptions for 2006 at a level that I believe will be acceptable to everyone.

The Membership Committee, led by François Martin, continues to look for new members, especially in countries where we have no representation at present.

The Committee is currently dealing with potential new member firms in Bulgaria (Sofia & Varna), Estonia and Latvia as well as possible additional members in Germany, Italy and Spain.

If anyone has any contacts that they think may be useful, please don't hesitate to get in touch with François.

Quality Control continues to be high on the European Board's agenda and the European Quality Assurance Committee arranged a full series of reviews in 2005.

A paper was produced detailing various comments arising from those peer reviews, which is in the Library section of the European website. Please do have a look at this as there may be some comments that could apply to your firm!

The Committee has again arranged the reviews to be undertaken in 2006 and I expect that the majority of these will happen in the second half of the year.

The Board was very pleased with the discussions that took place at the Malta meeting in June 2005 and the feedback that was received subsequently from the delegates.

By the time you read this, I hope that the invitations will have gone out to the European members to attend the 2006 Conference in Budapest.

We have decided that this Conference will follow the pattern established in Malta where there will be some technical presentations as well as a concentration on delegate meetings, both formal and informal, so that we
continue to receive feedback.

These discussions will be the most important aspect of the meeting and are essential to ensure the continued growth and confidence that we all need both in the organisation and its individual members.

I hope to see as many of you as possible in Budapest at what promises
to be the most successful European Conference ever.

It is a wonderful city and will give us all a great opportunity to meet and talk together both professionally and socially. I'm certain that, again, there will be a flurry of new professional activity after the Conference, so make sure you are there so that you are able to take advantage of the many opportunities we have to work together.

Just to remind you, the dates are 8 to 10 June 2006 and I'm sure that Penny Sivers in the London office of AGN International-Europe Ltd would be happy to take your booking form right now if you haven't already completed it.

There will be plenty for the "other halves" to do as well so don't forget to bring them too!

Finally, this will probably be the last letter I write for Worldwide Link as I am stepping down as Chair at the conclusion of the meeting in Budapest. It has been a great honour for me to have acted as Chair since the inception of the new European company in 2002. We have gone through some tough times but I am very pleased that we now have a stable economic and financial situation in the European Region for the future.

I would like to take this opportunity to thank all my fellow Board members who have given (and continue to give) their time so freely for the good of the organisation. We could not have achieved so much without their commitment.

At the last Board meeting, François Martin was appointed Vice Chair and I hope he will be confirmed as Chair in Budapest. I know that you will give him as much support as you have given me over the last three years.

Thank you all and see you in Budapest!

John McCuin
Chairman
AGN International-Europe Ltd
AGN Shipleys
London
mccuinj@agnshipleys.com
www.agn-europe.org

 

AGN IN RUSSIA:
Expanding the performance horizons . . .

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We have now become colleagues within AGN and it seems reasonable to appreciate and turn the AGN membership to our account. Hereby we eagerly expose our brief profile for your attention and convenience.

We, Group of Audit and Consulting Companies «Interexpertiza» (Moscow, Russia), available in the Web at www.interexpertiza.ru, have been dealing in Russian business environment since 1992.

We entered and have been permanently strengthening our positions in audit, consulting and valuation services markets. We have managed not only to survive radical changes of the 90's in Russian business environment, but
also to become a successful company and to shape the image of reliable partner within our counterparties.

Our surge from 64th to 20th position in the rating of Russian audit companies between 2002-2005 is due to high quality of our services and to the extension of our customers range. We have also managed to diversify successfully our services.

Having launched our valuation activities in 2002, we have become Russian leaders in machinery and equipment valuation and are permanently named among the leaders of Russian valuation market.

Since our foundation, we have been implementing a team approach to client engagements, which contributes to high quality of our services. Each engagement is processed not only by the experts of the appropriate department, but also by other departments in order that we may render comprehensive services to our partners.

Interdepartmental cooperation is not an advantage to us, it is a must.

Our company has established close relationships with Russian corporations and subsidiaries of foreign companies, such as the "Auchan" megastores, Nestle Water Coolers, SUN Interbrew, SPA "Drilling Equipment", Megafon, Ostankino Television Centre, Sibur (companies of the group), bella (companies of the group), etc.

The beginning of this year was rich in successful tenders for state enterprise statutory audits for our company.

Firstly we have gained the tender for the "Rosmorport" audit. "Rosmorport" comprises 19 essential seaports, which accept and store millions of tons of various cargo. The "Rosmorport" seaports are situated across Russia from Kaliningrad in the West to Vladivostok in the East.

This year we have once again gained the tender for statutory audit (in compliance with Russian GAAP) of the "Mosgortrans" state enterprise. "Mosgortrans" serves more than 4.2 billion passengers a year, more than 600
public transport itineraries and employs about 40,000 people.
Mosgortrans is the world leader by daily run with its vehicles making up approximately 800,000 km a day. This company comprises 52 subsidiaries providing a significant challenge for audit companies.

In the brief two months we have been members of AGN, we have managed to appreciate and to contribute to AGN members' cooperation.

We are grateful to AGN Joannides & Co. (Cyprus) for an engagement to compile IFRS-based financial statements for a company (constituent with an international holding), registered and performing its activities in Cyprus, and our Cypriot partners have consulted us on the peculiarities of taxation in Cyprus.

We are also glad to have helped our German colleagues (FIDES Treuhandgesellschaft, Bremen) to settle the issue of deducing VAT in Russia.

Having become AGN members, we announce eagerly that we are open to the cooperation within AGN and are willing to apply all our experience and knowledge
to the utmost for convenience and benefit of our partners and their clients.

So, if you face any issue of interest to you concerning business in Russia or if you are in need of the services rendered by us, we shall willingly react to your needs and requests.

 




Member News

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Netherlands
DRV Accountants & Tax Advisers

In December 2005, DRV was awarded the title "Accounting and Tax Advisers' Organisation of the Netherlands" for having the most satisfied clients. In an extensive industry survey, it concluded that DRV had the best combination of personal attention, know-how and service that a client could wish for.

After 25 years of devoted service Hans Joziasse retired in December 2005 as an accounting partner.

In January 2006, Marco du Pré joined as a partner. For the past three years, Marco has been responsible for the Corporate Finance division.

 

 

New Member Firms

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GERMANY
MTG Group
The firm was founded in 1981 and employs 65, comprising of 5 partners, 50 professionals and 10 admin. staff. Located in Kelheim, Ingolstadt, Regensburg, Riedenburg and Straubing. The firm provides audit, accounting,
taxation and consulting services.

MTG Group
Ludwigstrasse 4
93309 Kelheim
Germany
Tel: (+49 9441) 29 71 0
Fax: (+49 9441) 29 70 20
E-Mail: info@mtg-wpg.de
Contact Partner: Bernd Waffler

RUSSIA
Interexpertiza Ltd
(see article above)
The firm was founded in 1992 and employs 74, comprising of 4 partners, 52 professionals and 18 admin. staff. Located in Moscow, the firm provides audit and consulting services.

Interexpertiza Ltd
4a Novodanilovskaya
Naberezhnaya
Moscow 117105
Russia
Tel: (+7 495) 777 1270/71
Fax: (+7 495) 544 4892
E-Mail: inform@interexpertiza.ru
Contact Partner: Anton Kalanov

Audit & Consulting Group Ecfard Ltd
The firm was founded in 1997 and employs 90, comprising of 4 partners, 78 professionals and 8 admin. staff. Located in Novosibirsk. The firm provides audit, taxation and consulting services.

Audit & Consulting Group Ecfard Ltd
Oktyabrskaya St. 49
Novosibirsk 630099
Russia
Tel: (+7 3832) 18 08 60
Fax: (+7 3832) 18 08 14
E-Mail: ecfard@ecfard.ru
Contact Partner: Natali Vasilieva

 

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