RSM Review for Expats
Is RSM a good consulting firm? Let’s see what we can find.
RSM History
RSM is a global network of audit, tax, and consulting experts. The initial enterprises that would come to define the RSM network were formed in the 19th century.
RSM was previously called:
· LHBD in 1964
· LRRD in 1974
· DRM in 1979
The network settled on its current moniker in 1993.
RSM has a significant international footprint, with member firms in over 120 countries and a visibility in the top 40 main business centers globally.
Each accounting and consulting firm that is part of the RSM network is completely autonomous and functions independently.
RSM provides end-to-end guidance on audit and assurance, consultancy, tax, risk advisory, IFRS, restructuring, transactions, and financial advisory services.
Member firms of RSM also offer services such as wealth management, IT consulting, legal counseling, forensic accounting, and human resource consulting.
Over 65,000 professionals work at RSM’s 900 offices in America, Europe, Middle East, Africa, and Asia Pacific.
RSM Services
RSM Audit and Assurance
RSM offers global audit services to internationally engaged groups, complying to various assurance standards.
Their businesses certified with the PCAOB ensure that US listed corporations’ audited accounts recognize their work.
RSM emphasizes audit quality and professional standards as a Forum of Firms member. The network certifies that statutory accounts comply with accounting and regulatory standards when auditing them.
In addition to financial statement audits, the network offers a variety of assurance services to boost business reporting and disclosure credibility.
RSM’s IFRS services include conversion projects, due diligence, advice on share option plans, etc.
RSM Consulting
RSM firms offer specialized consulting services to help organizations over the short to long term. Their approach is collaborative. After learning about the company’s difficulties, they call on specialists to provide individualized consultancy services.
If a client is interested in maximizing growth potential, or better understanding and controlling risks, RSM will work closely with them to develop solutions that do just that.
On top of aiding in sustainable growth, they assist organizations in improving their human resources, streamlining their procedures, and creating intelligent operating models. Acquisitions, strategic alliances, capital raising, and reorganizations are just few of the many areas in which they offer advice.
Services include business continuity planning, website creation, compliance, risk advice, IT security, and controls.
RSM Digital Services
Data analytics consulting is another service provided by RSM. Experts on their team evaluate, link, and integrate customer data utilizing many platforms to provide one trustworthy database for use across the company.
Their managed services framework includes everything from accounting and payroll to compliance and analytics as well as information technology solutions. These services are meant to free up customer time and energy from mundane administrative tasks so they may concentrate on more important strategic goals.
RSM Financial Due Diligence
RSM provides a global array of services to help clients assess the risks and opportunities of proposed deals. These services include financial, tax, and broader analyses. They want their clients to make well-informed judgments and come out on the other end of negotiations with the best possible terms.
Performing financial due diligence is critical in determining if a deal should move forward and can greatly increase the likelihood of attaining the transaction’s goals. In addition, the due diligence process aids in transaction structure and sets clients up for success in negotiations.
Due diligence for business transactions is an area in which RSM excels. Financial due diligence, advise on sale and purchase agreements, completion accounts, locked boxes, due diligence on working capital, review of completion accounts, and help after the deal are all examples.
RSM Legal Services
The legal service at RSM is staffed by a group of experts with strong credentials in both technical knowledge and the ability to apply sound judgment to solve problems. They can guide businesses through incorporation, funding, growth, joint ventures, and acquisitions.
Particular attention is paid to mergers and acquisitions, with the team being prepared to assist customers at every level of the transaction, from the initial stages of exploring potential targets through the final stages of integrating the two businesses.
RSM Outsourcing
RSM provides extensive outsourcing services to address the secretarial and administrative requirements of enterprises.
They are designed to make accounting and bookkeeping more efficient so that businesses can focus on what they do best while the company handles the ancillary responsibilities.
The RSM network provide various outsourcing services to non-insurance customers. Bookkeeping, preparing budgets, management accounts, and financial analyses, providing temporary or part-time accounting assistance, are among the long list of solutions.
RSM Restructuring
When clients encounter typical business problems, they can turn to RSM for support.
They are also at implementing effective turnaround strategies, streamlining corporate structures to better manage risk, evaluating the strength of defined benefit pension covenants, keeping an eye on emerging financial risks, and protecting the value of distressed real estate projects.
RSM Risk Advisory
RSM provides numerous services to organizations in order to reduce their vulnerability to risk and increase the value they provide to their stakeholders. They comprehend corporate threats including the global banking crisis and rising cybercrime.
Through the provision of training and skill development for workers, RSM helps businesses make the change from inefficient to productive working methods.
Risk managers at RSM also have experience with things like forensic accounting and investigation services.
Their forensic accounting teams do more than just crunch numbers; they take into account the practical implications for businesses and offer objective, understandable assessments. To businesses and professionals all across the world, they provide forensic accounting services tailored to their specific needs.
The company also has a staff full of experts in AML who have worked in high-risk settings, many of them hold the Certified Anti-Money Laundering Specialist designation.
Their offerings span the gamut from pre- and post-implementation evaluations to attack and penetration testing, as well as system assurance and interrogation, project management, assurance, controls design, and implementation.
The company’s own approach and tools designed specifically for service organization control allow for effective management of SOC (Service Organization Control) engagements.
RSM Tax Services
Business tax compliance, tax investigations, transaction services, succession and exit tax planning, and assistance for tax-exempt organizations are all part of their extensive menu of tax services.
They have combined all of their worldwide indirect tax data into one location to help employees make better decisions. Updates from tax authorities in each country are included, as well as details on any new business-friendly policies or reliefs.
Their RSM Global M&A Tax Virtual Hub helps middle-market company executives with international mergers and purchases. Their M&A tax services cover international investment, transfer pricing, cross-border cash planning, indirect tax, customs and trade, etc.
They help businesses identify tax solutions that help them stay in compliance, reduce risk, and increase growth and profit.
RSM Wealth Management
By drawing on the resources of the RSM global network, RSM Private Client Services is able to provide continuous assistance to clients as they work to preserve their wealth for future generations.
RSM Performance
For the first time, RSM has reportedly generated more than $10 billion in revenue, becoming just the sixth worldwide accounting and advisory network to this feat.
In its most recent fiscal year (2024), the firm’s revenue increased by 6%. The advisory divisions of many of its peers reportedly encountered challenges, but RSM’s global consulting revenue remained steady at $3.9 billion.
However, RSM has been previously slapped with charges and settlements pertaining to auditor independence and business fraud.
