New Brazilian Member Firm for PKF International Limited

PKF International Limited (PKFI) has recruited a new Brazilian member firm, Directa Auditores, to raise the profile and increase the capability of the PKFI network in one of the key BRIC economies.

Headquartered in Sao Paulo, Directa has 12 partners and directors, 100 staff and offices in four other Brazilian cities. Key clients include blue chip multinationals such as Johnson & Johnson, GM, Ford, and Akzo Nobel as well as the main national telecoms company, BrasilTelecom.

Directa Managing Partner, Ernesto Rubens Gelbecke, said: “We are delighted to be joining the PKF International network at a time when Brazil has such confidence for the future with the recent discovery of large oil reserves, the 2014 World Football Championship and the 2016 Olympic Games.

“We will work hard to raise the profile of PKF within Brazil and to expand our national presence through a mix of joint ventures, mergers and strategic alliances with auditing and consulting firms throughout the country. We are also looking forward to building new relationships and sharing cross-border work with PKFI member firms throughout the world.”

Wolfgang Hofmann, PKFI Chairman, welcomed Directa to the network: “The global business opportunities for all our South American member firms are rapidly growing and it was important to recruit a firm such as Directa that not only has a strong international client base but which shares our vision of working together to build a strong brand that benefits all our member firms. “

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Note to Editors:

PKF International Limited (PKFI) is a network of legally independent member firms with over 245 member and correspondent firms located in more than 440 offices in around 125 countries throughout the world. PKFI is the 11th largest global accountancy network with $2.02billion fee income (year end June 2008). Around 2,900 partners and 14,700 staff are employed by PKFI member firms.

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

The PKF International Limited network of legally independent firms does not accept any responsibility or liability for the actions or inactions on the part of any individual member firm or firms.

For further information about PKF International, please visit www.pkf.com