Welcome to the Nexia European Meeting Delhi, October 14 th 2008

16:00Chairman’s introductionMike Bishop 16:10Country Update – RussiaOlga Goryacheva 16:30Sub Committee updates - Quality, Coverage, ReferralsChris Leenders - MarketingPaul Wyse - Education, Training, Secondments, SocialMike Bishop 17:00Budget 2008/09Mike Bishop 17:10Group working – priorities forAll 2008/09 and beyond 17:55CloseMike Bishop AGENDA

MEMBERSHIP New Members GibraltarBenady Cohen Moe Cohen LatviaAudit Advice Andrejs Ponomarjovs LithuaniaAuditas Risardas Krinickis Existing members

RECENT EVENTS London European Meeting - 12th and 13th June -London Stock Exchange / Fortis Young Managers – Malta, th September - 27 delegates13 countries Young Leaders – Barcelona, 17th – 20th September - 25 delegates10 countries European Tax Group – Dubrovnik 25 th and 25 th September - 40 delegates 15 countries Soccer tournament – Liechtenstein, 30 August - 10 teams 6 countries

CONGRATULATIONS KroeseWevers

UPCOMING EVENTS European Meeting – Barcelona 22nd and 23rd April 2009 European Tax Group – Amsterdam February 2009

8TH DIRECTIVE

SCHOLARSHIPS €30,000 from secretariat

NEXIA CIS Olga Goryacheva Delhi, October 14, 2008

RUSSIA – FOREIGN INVESTMENT (billions, USD)

UNEMPLOYMENT RATE, % (Russia)

M&A – CENTRAL AND EASTERN EUROPE (2007) Thomas Finance

Nexia CIS Strategy Extensive Development Cooperation Joint ProjectsQuality Control Information Exchange Common Marketing Strategy

INTERNATIONAL COOPERATION PROBLEMS RESPONSE TIMECONFIDENCE WHAT CAN WE DO?

1PricewaterhouseCoopers International Limited 2BDO International 3BKR International 4PKF 5CPA Associates International 6A Horwath Business Alliance 7RSM International 8Praxity 9 10EuraAudit International Nexia International INTERNATIONAL NETWORKS IN RUSSIA

Nexia Europe QCR Subcommittee

Update on Progress 2008 Chris Leenders (Chair)

Nexia Europe Marketing Subcommittee

Update on Progress 2008 Paul Wyse (Chair)

Structure Nexia Europe Members

Marketing Subcommittee Members Paul WyseIreland Chairman Per- Ake BoisSwedenVice Chairman Andrew StricklandUK Secretary Paul Bernhardt WeissGermany Johan BossinkHolland Susana PoyiadjisCyprus Miroslaw KosmiderPoland Yves SonierFrance

Objectives Improving Nexia brand recognition in Europe Developing a useful database about European member firms, their skill sets and sectoral expertise Targeting international clients for Nexia member firms Liaison with International Communication Subcommittee

Meetings this year NiceFebruary 2008 LondonJune 2008 New Delhi October 2008

Nexia Brand Recognition New branding launched at Dublin conference Review implementation Monitor consistency of presentations between firms

Information about European Member Firms Nexia International Website –New search facility –Summary information about each firm –Analysis by country – industry sector/practice group

Targeting International Clients Access to International client database of European member firms –Referrals by Nexia –Referrals by connectors –Locally developed work –Referrals by other networks Information is key

Liaison with International Communication Subcommittee Need for cross representation Working together and implementing at European level

Marketing Issues raised at European Meeting Redesign of International Website –In progress –Client friendly –Client testimonials –European aspect Liaison between International Communications Committee and European Marketing Subgroup International dedicated PR person or outsourced Marketing training Sharing and advertising European success stories Building industry profile

Country Allocations Subcommittee members have been allocated a block of European countries as follows: –Per-Ake Bois: Denmark, Estonia, Finland, Norway, Sweden –Johan Bossink: Belgium (VGD), Hungary, Luxembourg, Netherlands –Miroslaw Kosmider: Poland, Czech Republic, Slovakia, Croatia, Ukraine –Susana Poyiadjis: Cyprus, Greece, Italy, Russia, Latvia –Andrew Strickland: UK, Portugal, Spain, Romania, Bulgaria, –Paul Bernhardt Weiss: Austria, Germany, Liechtenstein, Luxembourg (non VGD), –Paul Wyse: Channel Islands, Isle of Man, Northern Ireland, Republic of Ireland –Yves Sonier: France, Switzerland, Turkey, Malta

European Regional Meetings Firm profile presentations Client activity around meetings European Board Subcommittee reports

Q & A

Nexia Europe ETSS Subcommittee

ETSS Committee Members James Riddiough (Chair) Christian Harms Elena Yuzhakova Luminita Ristea Lars Valkenberg

Young Managers Objective – Understanding yourself and team-working in a cross border environment Feedback –Did the course meet its objectives? (1= Excellent, 5= Poor) Average Score = 1.2 –How relevant was the course to you (1=Very relevant, 5= not relevant) Average Score = 1.3

Young Leaders Objective –Winning new business in a cross border environment

Young Leaders – Pre Course Ratings

Young Leaders – P ost Course Evaluation

Young Leaders - Post Course Evaluation

Both Young Managers & Young Leaders One day business English course

Leading International Assignments Course London 3-5 June 2009 Presented by Lars Valkenberg, Claire Davis and Mike Bishop Multi location assignments Project management in an international context Managing professional risk Documentation Independence and ethics ISA 600 US GAAP Case study

Secondments Demand and capacity study 2008/9

Budget 2008 / 2009

Budget 2008/2009 cont..

Budget 2008/2009

Group Session Priorities for 2008/09 and beyond

Closing Comments from the Chairman