The International Accounting Bulletin Shows Great Results for Praxity
The largest alliance in the world continues to grow
The International Accounting Bulletin World Survey and League Tables have been announced for 2024, pulling in data from all regions of the world.

Praxity is still the largest alliance in the world by revenue & 6th overall
Year on year, Praxity Alliance member firms continue to grow, make strong decisions about their direction and navigate changing environments for their clients. Independent and united, Praxity is proud to help to get them there. The Alliance has seen 11% growth overall in 2023, which is an outstanding result in the face of multifaceted global uncertainty.
While the total number of professionals has increased, the Alliance has the highest fee-partner ration among its peers. It is quality, not quantity, that makes Praxity what it is.

Growth across the board for larger firms
Growth is steady and sustainable, with defined and stable improvements year on year. As an alliance, growth is not dependent on one member firm’s changes or decisions, or on the addition of a new firm. Praxity’s growth is a matter of direction and consistent vision at senior level, resulting in sustainable growth that can be continued into the future.
This repeats a trend across the industry, where larger firms are able to offset and manage their risks to succeed in potentially tricky contexts. Members’ ability to allocate funds effectively and to plan for the future continues to give them an edge, as does their ability to leverage the reach of the Alliance, amplifying their capabilities.

G20 Representation
The Praxity Alliance continues to hold excellent coverage in the G20 economies, with strong growth apparent despite the “great resignation” of news reports. Praxity firms have seen growth in North America, where it is the largest organisation outside the big four accounting firms, and in Asia-Pacific, where the Alliance ranks ahead of all other firms in China for example.
Praxity also remains strong in its home region of Europe, with representation throughout the EU bloc and outside of it. Established firms are doing extremely well in navigating new challenges, such as cross-border ESG reporting rules and ultimate-entity taxes, and this excellent handling is leading to good results Alliance-wide.

Strong Growth in Latin America
The Praxity Alliance has seen strong growth in Latin America, with a fee increase of 26%. The accession of high-quality new firms in the region, along with new offices for existing Praxity members, has magnified the increasing importance of the territories. With clear indications that nearshoring and inshoring trends are continually growing in response to geopolitical changes, this is likely to be the case for the foreseeable future. Praxity firms have been working hard in these regions, underlining the case for outstanding business opportunities outside the G20.
New Strategies for Growth
There is still strong representation in the major economies, though growth elsewhere leads us to believe that a global perspective will enhance that positivity. With a growing emphasis on localisation and working with trusted partners, the collaborative possibilities within a global alliance are clear. Praxity member firms also remain at the forefront of ESG and DEI initiatives globally, proving their business case as well as their sustainability credentials.

“I’m delighted to present these results to our members and to the world at large. Clearly the excellent work across the Alliance has paid off, with our members’ success allowing them to stride forward with confidence. In Praxity, it’s about the people, with everyone from senior leadership down making the difference at our member firms. Congratulations to all for another great year, as we continue to adapt and innovate in 2024.”
Studying the IAB’s comprehensive data and exhaustive review of the industry’s progress, Praxity’s positive direction becomes clear. While 2024 is a year of ever more intense changes in the operating environment, Alliance member firms continue to find ways to succeed globally.