Bober Markey Fedorovich Extends Reach Into China with Affiliation to Country's Sixth Largest CPA Firm

AKRON, Ohio, Nov. 30, 2010 /PRNewswire/ -- Bober Markey Fedorovich (BMF) www.bobermarkey.com, a regional accounting, tax and business advisory firm with offices in Akron and Cleveland, has broadened its global reach with the addition of a major Chinese firm to its international network.

Daxin CPA, with 14 locations across Mainland China, has joined PKF International Limited (PKFI), a leading global network of 245 independent accounting firms that includes BMF. The move provides BMF clients with critical access to accounting services in the important Chinese market and will add depth and expertise to PKF's worldwide network. PKF Hong Kong, a member of PKFI since 2002, has been a branch of Daxin since 2007.  

"Our clients' international needs are increasing at a rapid pace – especially regarding China.  Through our PKFI membership, we can harness the power of professional peers in firms around the world whenever it is in the clients' best interest," said Richard C. Fedorovich, managing partner and CEO. "We are proud to be associated with a firm of Daxin's stature, with a proven track record that has led to its success in China and beyond."

In turn, Daxin's main objective for joining the PKF International network is to work closely with PKFI member firms to develop its ability to serve international inbound clients with investment opportunities in China.

"We are committed to China, to the growth and support of Daxin CPA and to the Chinese accountancy profession," said Wolfgang Hofmann, PKFI International Chairman. "It is a proud moment to celebrate our union with Daxin CPA."

About BMF

Founded in 1959, Bober Markey Fedorovich is one of the largest independent CPA and business advisory firms in northeast Ohio, with national and international reach, primarily serving greater Akron, Cleveland and surrounding regions. With offices in Akron and Cleveland, its clients span a variety of industries, many with multi-state and global operations. The firm specializes in accounting, audit, tax services, litigation support, valuation and transaction advisory, with focus on privately held business and SEC companies.  

About Daxin CPA

Established 25 years ago, Daxin is ranked by the Chinese Institute of Certified Public Accountants (CICPA) as  the sixth largest domestic Chinese CPA firm and is considered to be among the top 10 professional service providers by both the State-owned Assets Supervision & Administrative Committee (SASAC) and the National Audit Office (NAO).  It is expected to report a revenue exceeding RMB 600 million (US $90 million) this financial year and has stated ambitions to increase its staff to 3,000 to exceed revenues of RMB 1 billion (US $150 million) within three years.

Operating from 14 city locations, Daxin has 23 equity partners, 10 salaried partners and approximately 1,500 professional staff across Mainland China. PKF Hong Kong, a member firm of PKFI since 2002, has been a branch of Daxin CPA since 2007.

Daxin is principally a large domestic audit and assurance firm with clients across all sectors including manufacturing, electronics, heavy engineering and chemicals.  It has also provided listing and IPO services for over 300 enterprises and is one of the few private firms in China to undertake securities and futures work.

About PKF International

PKF International Limited (PKFI) is a network of legally independent member firms with around 245 member and correspondent firms located in over 445 offices in 125 countries throughout the world. PKFI is currently the 11th largest global accountancy network with $1.9 billion fee income (year end June 2009). Over 1,800 partners and 15,700 staff are employed by PKFI member firms. During 2010, member firms' revenues grew by 25 percent to $2.4 billion and PKFI is confident of achieving its objective of being a top 10 global network in 2011.

PKFI is a network member of the Forum of Firms, an organization dedicated to consistent and high quality standards of financial reporting and auditing standards worldwide.

SOURCE Bober Markey Fedorovich (BMF)