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How Does MGI Help Its Members?
Are you worried that you
may lose those of your clients who are developing
international accountancy needs?
Are you a partner in an independent firm looking
for international support, but without losing
your independence?
MGI is an international association
of independent accounting and consulting firms
world-wide. They have no equity interest in
each other and practice under their own name,
although members are encouraged to add the prefix
MGI.
Aims of MGI
- 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
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What Do MGI 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 MGI 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 you
MGI Member Meetings
A regular program of regional,
national, international and special interest meetings
is undertaken throughout the year:
- The MGI Annual General Meeting
is held in a different country each year. Members
are encouraged to bring their family partners. A
full schedule of cultural and social events is included
- Area meetings are held annually
- Common interest/language groups
meet more frequently to encourage closer working
relationships between member firms
MGI Member 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 MGI 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 MGI members or requests for information
from the secretariat
Members must:
- Refer any of their clients wishing
to do business in a country in which MGI is represented
to the local MGI 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 practice review programme (PRP), carried
out by an existing MGI member, before being invited
to join MGI
How To Join MGI North America
Contack Charles Postal, North American
Area Coordinator:
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MGI Membership Fees
An applicant for membership is asked to contribute US$200.00 towards the cost of the initial practice review programme (PRP), which must be undertaken before admission. This will be credited towards the entrance fee of US$1,500.00 if the firm is then accepted for MGI membership.
The initial fee to join MGI is US $1,500. The annual dues are a percentage of your annual revenues. The percentage is set by the international committee each year. 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 0.19% of each member firm's total turnover, subject to a minimum of US $2,500 and a maximum of US $14,500 per firm.
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