On January 11, 2022, RSM, one of the world's leading auditing, tax and consulting networks, announced its official financial results for 2021.
RSM's global revenue in 2021 increased by 15.8%, reaching $ 7.26 billion compared to $ 6.3 billion last year. A double-digit percentage increase was observed on all continents in which RSM operates, as well as in the main categories of services offered, recording an increase of 38% in the consulting services sector, 18.7% in the provision of accounting services, 8.4% increase in tax services and 7, 6% increase in audit services, respectively.
At the same time, in 2021, RSM added more than 40 new offices to its network and now employs more than 51,000 people worldwide.
The CEO of RSM in Cyprus, Mr. George Themistokleous, in a relevant statement, states that: “These global results reflect our commitment to provide top audit, tax and consulting services to our customers.”
“Although 2021 was another challenging year for businesses worldwide due to the effects of the pandemic, we as a network have successfully helped our customers meet the challenges, evolve and adapt to new data, achieving their business objectives in both the local and international markets. “
It is worth noting that the RSM consulting industry worldwide showed a significant percentage growth of 128% on an annual basis, due to the high demand from companies for consulting services directly outsourced to RSM financial professionals. Specifically, this year was particularly interesting for companies to develop and adopt strategic solutions that would help increase their degree of flexibility and resilience, while creating the right conditions for a promising future.
An equally significant overall increase worldwide was observed in the provision of cross-border tax advisory services, where network members worked closely together to successfully meet the challenges posed by the complexity of international tax regulations.
Summing up, Jean Stephens, Global CEO of RSM International, commenting on RSM's growth results in a related statement stated that,
“RSM professionals worldwide have worked extremely hard to strengthen our customers' business, so that they can go through this difficult period with dynamism and ambition. This required creating new perspectives, innovative approaches, looking to the future and ensuring that owners, board members and company leaders are prepared for their upcoming growth in the new business era. “Our outstanding financial results reflect this pace of change and our unquestionable commitment to supporting the development aspirations of today's top companies.”
