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Binder Dijker Otte, or BDO, is a multinational network of public accounting, tax, consulting, and business advice organizations that operate under the BDO brand. In 2020, BDO now have member companies in 167 countries, over 91,000 partners and staff in more than 1,658 offices worldwide, and it is the world’s fifth biggest professional services network. Learn more about BDO accounting as you read further. Also, this article covers BDO accounting firm, ranking, salary, and perth.
BDO is a multinational network of public accounting, tax, consulting, and business advisory firms that operate under the BDO brand. By 2020, BDO now has member companies in 167 countries, over 91,000 partners and staff in more than 1,658 offices worldwide, and it is the world’s fifth-biggest professional services network.
However, global fee income for all BDO member firms was US$10.3 billion in the fiscal year ending 30 September 2020. Meanwhile, this firm was named Network of the Year at the International Accounting Bulletin (IAB) Awards 2018 in October. As well as received the same honor in 2015.
Furthermore, each member firm of BDO is a self-contained legal entity in its own nation. However, BDO Global Coordination B.V., with an office in Zaventem, Belgium, coordinates the network. Which was founded in 1963. As Binder Seidman International by firms from Canada, Germany, the Netherlands, the United Kingdom, and the United States. As a matter of fact, BDO is an abbreviation for Binder Dijker Otte & Co. Meanwhile, in 2009, all BDO member firms rebranded as BDO.
In general, BDO was believed to be quickly developing in China in early 2012. It employs between 7,500 and 8,000 people in mainland China and Hong Kong. Making it the second-largest employer in the world after the United States, where it employs 11,500. According to its worldwide chairman, China’s workforce would certainly surpass that of the United States in three to four years from now.
BDO Accounting Firm
BDO accounting firm is one of the largest accounting and consultancy firms serving the middle market in the world. Employing over 91,000 employees in over 1,600 locations in 167 countries. To mention but few, BDO USA only employs about 8,063 people across 65 offices. This includes 670 partners and they are expected to generate $1.8 billion in sales in 2020. However, BDO serves a diverse variety of publicly traded and privately owned firms with assurance, tax, advisory, and digital services.
Furthermore, the firm’s industry expertise includes asset management, financial institutions, specialty finance. As well as government contracting, healthcare, hospitality, leisure insurance, life sciences. It also includes manufacturing and distribution, natural resources, nonprofits, education, private equity, professional services, public sector real estate, and construction. However, restaurants, retail, consumer products, and technology are not excluded.
Deeper Explanation On BDO Accounting Firm
BDO’s origins date all the way back to 1910. When Maximilian Seidman, a 22-year-old immigrant who grew up in a tenement on Manhattan’s Lower East Side, founded a one-room office on Park Row in New York City. However, Seidman & Seidman established a second office in Michigan in 1917, where the firm first concentrated on furniture makers.
Later on, Seidman expanded it internationally in 1963, when it merged with enterprises from Germany, Canada, the Netherlands, and the United Kingdom. Which formed the Binder Seidman International Group. In 1973, this name was changed to Binder Dijker Otte (BDO). As a recognition of the organization’s three European founding members, hence, BDO International.
In addition, the member firm in the United States preserved the name, Seidman. Which was inherited from its founder. Then, in 2010, BDO Seidman joined BDO member companies globally in rebranding as BDO, removing the Seidman moniker. Furthermore, it changed its legal name to BDO USA, LLP.
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BDO Accounting Firm Ranking
BDO is the world’s fifth-largest accounting firm. For the fiscal year ended September 30, 2017, they made $8.1 billion. However, For the fiscal year ended September 30, 2016, they earned $7.6 billion. In addition, BDO credits its 2016 rise to strategic partnerships that happened. Meanwhile, in other to catch up to the Big Four accounting firms, BDO will need to continue international merging.
Basically, the global presence is what distinguishes the big four from the rest. And, currently, BDO is present in approximately 150 countries. BDO employed 67,731 people with about 1,401 locations worldwide.
In addition, according to Vault 2022 most prestigious accounting firm rankings, BDO USA LLP ranked number six.
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BDO Accounting Salary
The average salary for a BDO Accounting is $60,000. Meanwhile, at BDO, accounting salaries range from $52,772 to $87,119. However, salary estimates are based on seven BDO Accountant salary report(s) supplied by employees. As well as an approximated results using statistical methods. An accountant at BDO is expected to earn an average total salary of $60,000 if the bonuses and other compensation are included.
BDO Accounting Perth
BDO Perth is one of the leading full-service accounting companies in Western Australia, proudly led by our professional and partner team. We have a strong client base comprised of organizations of various sizes and industries who rely on our team’s accessibility, insight, technical skill, and industry knowledge.
However, this is as the result of the merger between BDO and Horwath’s practices in 2007. The bulk of PKF’s Perth practice switched to BDO in 2010.
Today, the BDO accounting firm has over 60 offices and over 400 independent Alliance firm locations throughout the United States. BDO International was founded during this time period. And has grown to become the world’s fifth-biggest accounting and consulting network. With over 1,591 Member Firm offices in 162 countries.