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Our focus is on being modern, streamlined, agile and forward-thinking across a wide mix of assurance, tax and consulting services, tailored to specific audiences and supportive of ESG factors.
In 2023, RSM took significant strides to enhance our suite of solutions, focusing on innovation, sustainability, and the future of our assurance and advisory services.
With a focus on delivering compelling global products and solutions, in 2023 we saw double-digit growth across all key service areas, with tax revenues rising by 17 percent, consulting revenues growing by 16 percent and audit services increasing by 15 percent.
A key milestone in 2023 was defining the RSM Audit of the Future and conceptually developing RSM Luca – our global digital audit ecosystem. This ambitious project represents a new approach to how we deliver audit services, incorporating cutting-edge technology and effective processes to further enhance accuracy, efficiency, and value for our clients.
Our commitment to maintaining the highest standards in audit quality saw the update of RSM Orb, our global audit methodology and documentation solution, along with the development and distribution of training to ensure our teams are equipped with the latest tools and knowledge. We assessed alternative working paper solutions, exploring ways to enhance our audit and assurance processes as part of our broader effort to leverage technology in streamlining workflows and increasing the effectiveness of our services. Alongside this, we produced ISQM1 resources to support Member Firms in adhering to the new quality management standards, enhancing our audit quality and reliability.
Furthermore, the development of IFRS training modules has bolstered our capabilities in providing clients with the insights and guidance they need to navigate the complexities of international financial reporting standards.
Global Tax Conference
Our Global Tax Conference in Amsterdam brought together over 150 attendees, facilitating knowledge sharing and collaboration among our tax professionals. This event underscored the importance of global connectivity and continuous learning in delivering exceptional tax services.
Global Financial Due Diligence
Our in-person Global Financial Due Diligence training with over 100 attendees highlighted our commitment to excellence in this critical service area. This training not only enhances our due diligence capabilities but also ensures that we remain at the cutting edge of financial analysis and advisory services.
In response to the growing demand for comprehensive, outsourced solutions, we began a project to globalise our managed services provision across a number of core services, including business establishment, finance, tax, accounting and payroll. Whilst this is a multiyear programme, significant work has already been undertaken to build a global capabilities database and other centralised tools to enable more streamlined information flow to support international clients with managed services across multiple territories.
As one of the largest and most recognised Oracle NetSuite partners globally, our NetSuite team has developed a robust approach to delivering and advising on NetSuite implementations, covering all aspects of project management, process design, configuration, customisation, integration, data migration, reporting, and change management. 2023 also saw similar success in driving growth through sophisticated global practices in Global M&A Tax, Global Financial Due Diligence, and advisory support for Family Offices internationally.
The completion of a detailed global ESG go-to-market project marked a significant achievement in our efforts to support clients with their environmental, social, and governance goals. By scoping a repeatable delivery model for ESG service development, RSM Firms are better positioned to help clients navigate the complexities of sustainability reporting and performance.
