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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
Contact Joseph Tarasco,
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 0.20% of each member firm's total revenue, subject to a
minimum of US $2,750 and a maximum of US $14,750 per firm.
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