A Century Ago, Batliboi Literally Wrote the Book
Now His Firm Has Become the TIAG Member for Mumbai

Greater Mumbai, a thriving metropolitan area with a population of 19 million people, is the port of entry for over half of India's maritime trade and accounts for for 70% of the capital flow into India's economy, making it one of the world's top ten centers of finance.  Mumbai hosted the first Indian National Congress in1885, and two decades later J.R. Batliboi authored the first accounting book in India which was soo prescribed in all the Universities and schools across the country.

Within this market, Batliboi and Purohit serve Banking & Finance, Oil & Gas, Paper, Steel, Hotels & Tourism, Chemicals & Fertilizers and others.  Serving these sectors, the firm has 7 partners (4 of whom have over 30 years experience), 9 chartered accountants, a staff of 50 professionals and total employment of 85.  For more details, visit http://www.batliboipurohit.com.

TIAG in Dubai:  Jaxa Joins

Dubai, the capitol city of the United Arab Emirates (UAE) lies on the Persian Gulf just a few miles southwest of the Straits of Hormuz ; so it is not surprising that most people outside of the region assume that it’s booming economy is built on oil.  The origins of the boom do stem from oil, but in fact oil accounts for less than 10% of the emirates gross domestic product.  Instead, it has become a world business center based on trade, import/export services (supported by the world’s largest man-made harbor) and financial services.   A commercial magnet, the emirate’s population has doubled through immigration in each of the past three decades.

TIAG is delighted to announce that the accounting alliance now includes a team of experienced chartered accountants in Dubai: Jaxa Chartered Accountants. Jaxa’s qualified and experienced staff provide sthe greatest level of professionalism in all areas of Auditing, Accountancy, Business advice and Financial Planning.  The firm follows International Accounting Standards/ International Financial Reporting Standards and is committed to keep highest levels of professional standards and quality.  For more details visit  http://www.jaxaauditors.com.

A Belt Across Saudi Arabia: Boodai CPA Joins TIAG

As is well known, Saudi Arabia is the largest producer of oil and natural gas in the world, with more than one-fifth of the globe’s proven oil reserves.  With the dramatic rise in oil prices over the past few years, her impressive oil reserves are beginning to be matched by financial transactions, especially since her admission to the World Trade Organization in 2005.

If one were to draw a line across Saudi Arabia from Ad Dammam on the Persian Gulf, through Riyadh near the center of the country and on to Jiddah on the Red Sea, it would look like a belt straddling the nation.  And each of those cities is served by an office of TIAG’s newest member, Boodai CPA, founded in 1991 by Dr. Adel Abdulaziz Boodai, CPA.  The firm's client base includes public institutions and private sector companies in Saudi Arabia, Jordan, Syria, Egypt, Libya, Yemen and other countries. Beyond the customary audit, tax, and accounting services, Boodai claims extensive experience in valuation, feasibility studies, planning, process reengineering, organizational restructuring, accounting application systems (ERP), financial analysis, training and capacity building.
For more information visit www.boodaicpa.com.

Keeping Track of Shekels: Dov Weinstein & Co. Becomes TIAG Member for Israel

On May 26, 2008, CLS Bank International (the market-standard for foreign exchange settlement between major banks) announced that it will settle payment instructions in Israeli New Shekel, thus making this currency one of only 17 fully convertible currencies.  Hot on the heels of the CLS announcement, The International Accounting Group (TIAG) has successfully recruited a member firm for Israel.  Dov Weinstein & Co is a leading professional services firm, delivering world-class assurance and advisory, tax, and consulting services from its offices in Jerusalem and Tel Aviv. The firm serves large companies as well as public institutions, and successful fast growing companies.   Founding partner Dov Weinstein has professional experience of over 20 years in accounting, auditing, business consultancy and tax planning.  For more details visit www.dwacc.com.