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Are you a partner in an independent firm?

Are you looking for international support, but without losing your independence?

PRI Membership

How does PRI Help its members?

Are you worried that you may lose those of your clients who are developing international accountancy needs?

PRI  is an international association of independent accounting and consulting firms world-wide. They have no equity interest in each other and practise under their own name, although members are encouraged to add the prefix Parker Russell International.

Download Application Form (awaiting form)

Aims of Pri

  • To help members provide the best professional service to their clients world-wide, through mutual assistance
  • To develop understanding and friendship between members world-wide
  • To develop, maintain and increase the professional service capabilities of all members
  • To educate members, through an exchange of literature, training, seminars and quality control reviews
  • To help fellow members, their employees and clients in a non-professional capacity

What Do Parker Russell International Members Receive?

  • Access to international knowledge
  • Immediate assistance for clients wishing to expand abroad
  • Membership of an international body
  • Local prestige
  • A broadening of horizons and educational opportunities
  • Work assistance
  • Increased interest and motivation for staff
  • An opportunity (or excuse, if needed!) to travel
  • Access to marketing advice and materials and the benefit of joint marketing efforts
  • The possibility of work referrals

 

What PRI members can offer their clients?

  • Professional services, throughout the world, from firms similar in size and quality to your own, that you know operate to the highest standards
  • Accurate information on other countries
  • Immediate contact in other countries with other professionals known to younover, subject to a minimum of US $2,500 and a maximum of US $10,000 per firm.

Membership Requirements

Members comprise a variety of large, medium and small firms. They are expected to:

  • Be interested in, and able to contribute to, international activities
  • Be prepared to attend local area and international meetings and participate in and support MGI through contributions of their time
  • Be of a size which is generally compatible with that of the other Parker Russell International members
  • Be able to provide the highest quality work, according to local and national conditions
  • Be knowledgeable on all aspects of their home country’s profession, commerce, politics and economy
  • Be capable of dealing with clients currently or potentially involved in international business transactions
  • Respond promptly to inquiries from other PRI members or requests for information from the secretariat

Members must:

Refer any of their clients wishing to do business in a country in which Parker Russell International is represented to the local PRI member, provided that the local member is capable of providing the services required and that the client has not stipulated that another firm be used

Pay their association fees promptly and pay any service fees due to other members promptly

All potential members must pass a quality control review (QCR ), carried out by an existing PRI member, before being invited to join PRI.

Members must:

Refer any of their clients wishing to do business in a country in which Parker Russell International is represented to the local PRI member, provided that the local member is capable of providing the services required and that the client has not stipulated that another firm be used

Pay their association fees promptly and pay any service fees due to other members promptly

All potential members must pass a quality control review (QCR ), carried out by an existing PRI member, before being invited to join PRI.

Frequently asked Questions

1. What is PRI?

Parker Russell International is a worldwide association of independent auditing, accounting and consulting firms linked together for the benefit of members and their clients.

2. What are the origins of PRI?

PRI grew from the international professional contacts of one firm and was first formed in 2003.

3. What can PRI do for my firm?

All members are afforded access to the technical expertise of over 100 offices worldwide in 40 countries. PRI  is one of the fastest  growing Accounting Firm Associations in the world.

4. What are the mechanics of accessing this expertise?

As a member, you will be given access to our online directory of members which lists individual names and contact information as well as each member’s area of expertise. Additionally, the International Coordinator of PRI, Jade Perkins will be happy to assist you with any questions should you require further information.

International Coordinator Jade Perkins  can be reached at +44 207 378 75000 or email at jperkins@parkerrandall.com

5. What is the fee for joining PRI?

The initial fee to join Parker Russell International is included with the quality control review  and it varies from region to region.  The annual dues are a percentage of your annual revenues. The association is a non-profit making group, so the fee is set at the minimum amount necessary to cover the annual budget. Currently, this is set at 1% of each member firm’s total turnover, subject to a minimum of US $2,500 and a maximum of US $10,000 per firm.

6. What additional expenses will your firm incur as a member of the PRI?

Other than our annual dues, there are no hidden costs incurred.

7. What are the primary benefits of PRI?

PRI  focuses on providing quality financial services through its member firms to their clients. We have expertise in every service and niche area with a specialization in international tax. The primary benefits of membership in PRI include the following: access to marketing tools and expertise; the ability to exploit additional business opportunities; and above all, the high level of technical expertise in our member firms worldwide. We understand that your primary concern is being able to meet your clients’ expanding needs while affording them the same high quality that you provide.

8. How will your service be expanded through membership in PRI?

Meeting other PRI members in itself will give you many opportunities for your firm’s growth. Additionally, our members brand their firms on the local level as having this international expertise. Significant growth has been achieved in this manner by many of our member firms.

9. What will PRI mean to my clients?

PRI will afford your clients the ability to expand their operations both domestically and internationally since they will have access to the resources of an international firm. Yet, our members retain their independence as well as the personal and business relationships they enjoy with their clients.

10. Should I use the PRI logo on all of my firm’s materials (i.e., letterhead, business cards, advertising, etc)?

Yes, our members tell us that doing so has resulted in getting new business and cross-selling to existing clients. PRI will provide you with camera ready artwork for your printer or in-house marketer for this purpose.

We hope that we have answered your questions about membership in our association. Please take a minute to explore our website. We are confident that you will see the benefits of membership in our world-wide association

How to join

PRI has members in most countries but is seeking members in those countries not currently covered and additional members in certain larger countries where the association already has members. Permission of the existing member/s is sought prior to the admission of another member in any country.

If you would like to apply for membership of PRI, the procedure is:

Please click here to complete the initial PRI Membership Inquiry form.

Your firms details will be sent to the International Committee. If your details are not submitted via your area co-ordinator, he/she will be asked to confirm that there are no geographical conflicts with existing members

If there is an existing member in your country, the application will be considered by the International Committee to decide whether a second member should be allowed

If there are no potential conflicts, you will be sent an application form and further details of PRI, with an invoice for the quality control review (QCR) contribution

Upon return of your application form and QCR contribution, a partner from an existing PRI firm will contact you to arrange a QCR visit. This visit will last one or two days and will consist of a review of your general systems and a review of your audit systems. If you are already a member of a national peer review program, and have recently been successfully reviewed, this will probably satisfy the audit element of the QCR

Subject to completion of the QCR, you will be invited to join PRI and will be billed for the joining fee and the balance of the annual fee for the year

 

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© 2019 Parker Russell International Ltd. All rights reserved. The Parker Russell network is not one international partnership and Parker Russell member firms are not otherwise legal partners with each other. Many of the member firms have legally registered names which contain “Parker Russell”, however there is no ownership by PRIL. A member firm cannot act as agent of PRIL or any other member firm, cannot obligate PRIL or any other member firm, and is liable only for its own acts or omissions and not those of PRIL or any other member firm. Similarly, PRIL cannot act as an agent of any member firm, cannot obligate any member firm, and is liable only for its own acts or omissions. Please see www.parkerrussellinternational.com/structure for future details.

Parker Russell International Limited is a company limited by guarantee and incorporated in England and Wales. The company registration number is 4861541. The registered office is Level 30, The Leadenhall Building, 122 Leadenhall Street, City of London, London EC3V 4AB , United Kingdom. Parker Russell International Limited is subject to English Law.

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