EuraAudit, created in 1985, said alliance would act as an alternative to the Big Five firms by creating a European network based on 'independence'. ACPA International, which recently signed an agreement with Chinese firms, was created in 1978. 'Our combined members now have increased opportunity for referral work among member firms, greater resources from which to gather business development ideas, and access to more firm management resources,' said Heather Long Molinero, ACPA executive director. EuraAudit Secretary General, Jean-Yves Gourdon said: 'Our goal was to form a partnership with a network largely represented in America and Asia Pacific, since we are well established in Europe and Africa. The acceleration of the worldwide trade made it necessary for our Network to grow worldwide. Together with ACPA, we can achieve this'.
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