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April 30, 2016

A global merger with huge significance for African markets has seen South African audit firm Tuffias Sandberg KSi become one of the world’s top 20 international auditing associations. This is due to the US$1-billion merger of KS International and Morison International to form Morison KSi that took effect on 1 April 2016.

The new global association consists of 1 201 partners, 8 990 professional staff and 375 offices in 88 countries and was effective as of 1 April 2016. This will give the South African-based Tuffias Sandberg KSi an even broader geographical reach, with 375 offices in 88 countries and immediate access to an increased pool of international specialists to service clients’ increasing international needs.

Tuffias Sandberg KSi Partner Marco Patrizi who is also one of Morison KSi’s International Directors comments; “The big benefit for our existing clients is that should they want to expand their business outside the borders of South Africa; we are now able to offer access to Morison’s vast network of member firms across the African continent.”

These include member firms in rapidly growing markets across the African continent such as Cameroon, Ghana, Namibia, Zambia, Egypt, Morocco and Mauritius. It also gives local clients the ability to tap into the expertise and market presence of the firm’s other international affiliates across the globe should local clients want to expand into those territories.

A world view

At an international level the merger provides Morison International with a strong UK member firm and expanded US representation, as well as further high quality firms throughout the world including Europe, Asia and Latin America.

As a result, member led-initiatives that all the Morison KSi associate companies will now have access to include:

  • International Taxation Shared Service Centre (ITSSC) – a shared international taxation resource. It provides cost-effective tax services for members’ clients.
  • Transfer Pricing Shared Service Centre (TPSSC) – provides a cost-effective, robust, and streamlined transfer pricing resource for members.
  • African Technical and Risk Management Committees – aimed at driving forward the development of African members’ technical and risk management capabilities by leveraging members’ resources and knowledge.

Commenting on the overall significance of the merger KSi Chairperson Sir Michael Snyder says; “After overseeing 26 years of year-on-year growth and record levels of business referred around the world, this merger provides a greater footprint for KSi to pursue new opportunities.”

“The merger of KSi and Morison International is therefore a very exciting development. Together we have more resources, skills, experience, depth, breadth and reach, but most importantly the merger is built on a shared culture and commitment to working with only the highest quality firms to serve our clients’ international needs.”

© Tuffias Sandberg KSi

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