NEW PKF PRESENCE - JOHANNESBURG
14 Nov 2017
PKF (South Africa) network of firms is pleased to announce the admitting of a new member firm being the Johannesburg based audit and accounting firm Octagon to be re-branded PKF Octagon.
The reinstatement of a Johannesburg office means the firm is now represented in every major economic centre in South Africa.
With the admittance of Octagon this will consolidate PKF’s position as the eighth largest audit and accounting network in South Africa, returning it to its position before the network’s shake-up of four years ago but well ahead of that level in terms of revenue.
Clifford Livingstone, Managing Partner of the new rebranded PKF Octagon says the firm will retain its independence and the primary change will be in its adoption of the PKF brand as well as becoming part of a highly respected international network with technical expertise and training.
Kevin Gertenbach C.E.O of PKF (SA) says the network has been in no hurry to re-establish its full national footprint – rather ensuring it finds new offices that closely match its needs. These include: alignment with the future direction of auditing globally, such as audit rotation, and the imperative to retain high levels of audit quality.
PKF (SA) C.O.O Butch Abbott says that the firm has now returned to a national practice that boasts 64 Partners and 740 staff members countrywide.
The PKF South Africa network operates in the mid-sized space, and the other three contenders in this mid-market are all national players. We are now a credible alternative to the big four. We have a unique structure where all the firms have total independence but work together to become a national practice – a network.