Globalfinance is complex. The links connecting international accounting firms to their Chinese counterparts are becoming increasingly vital. As the world’s second-largest economy continues its rise, these relationships offer a key to unlocking a vast market. TGS firms are the orange threads.
China’s regulatory labyrinth and cultural nuances challenge foreign entities. Local partnerships that TGS member firms provide are not just a compass for navigation, but also a shield against potential pitfalls.
TGS member firms offer invaluable insights into the evolving accounting standards and help mollify Asian concerns about data security.
Of course there is risk. The threat of conflicts of interest is always present, and maintaining independence while building close ties requires a delicate balancing act. As an international network, TGS is no stranger to these concepts. What’s more, as geopolitical tensions simmer, these relationships may find themselves under increased scrutiny.
In a world where financial flows know no borders, the rewards outweigh the risks for international firms. Those who can bridge East and West will find themselves at a distinct advantage. As Asia’s economic influence grows, so too does the importance of cross-cultural accounting connections. And so too grows the importance of membership of an organization like TGS.
CONTENT
INTERVIEW
TGS LATAM DESK CHINA
The TGS Latam Desk China in Shanghai reinforces our global vision and commitment to offer specialized solutions. Its purpose is to provide strategic and local advice to Chinese companies looking to expand in Latin America, as well as to Latin American companies in their investments in China. This reflects our ability to integrate global knowledge with a local focus, aligned with our mission to support our clients in their growth and efficiency.
INTERVIEW
Hi there. My name is Siong Yoong. I’m a business acquisition entrepreneur by vocation, and venture capitalist by aspiration. I’m from the small tropical island of Singapore, and I love what I do. When not running my company VALLARIS, I serve our professional services industry as follows:
PARTNER EXPERIENCE
PERU’S MEGA PORT OF CHANCAY AND ITS POTENTIAL FOR THE AMERICAS’ BUSINESS WITH ASIA
Foreign direct investment between China and Latin America is booming, driven by infrastructure projects such as the Port of Chancay in Peru, leading companies to increasingly seek specialized advice to navigate complex regulatory and cultural environments.
PARTNER
EXPERIENCE
EXPLORING OPPORTUNITIES FOR ASIAN COMPANIES IN THE NORDIC COUNTRIES
As globalization continues to reshape the world economy, Asian companies are increasingly seeking new markets for expansion, innovation, and partnerships. The Nordic countries—Sweden, Denmark, Norway, Finland, and Iceland—offer a fertile ground for these ambitions. With their stable economies, advanced technological infrastructure, and focus on sustainability, the Nordics are rapidly becoming a key destination for Asian firms looking to establish a foothold in Europe.
PARTNER EXPERIENCE
NAVIGATING CHALLENGES AND OPPORTUNITIES FOR BUSINESS IN CHINA AMID GLOBAL ECONOMIC SHIFTS
In an era defined by rapid globalization and fluctuating economic landscapes, businesses operating in China face a unique blend of challenges and opportunities. As the world grapples with the aftermath of the COVID-19 pandemic, geopolitical tensions, and shifting trade dynamics, understanding the intricacies of the Chinese market is paramount for any organization looking to thrive in this vibrant economy.
NETWORK EXPERIENCE
UNLOCKING GLOBAL GROWTH: KEY INSIGHTS FROM THE TGS REGIONAL CONFERENCES 2024
The TGS regional conferences, held in Marrakech, Costa Rica, and Singapore, highlighted the immense value of being part of an international network. Here are the key takeaways from our 2024 events, showcasing the benefits and opportunities for professional service firms within the TGS network.
About TGS
TGS is a dynamic global business network of independent firms providing audit, tax, corporate legal services, advisory and outsourcing. With more than 4,400 professionals in more than 57 countries, the multidisciplinary TGS member firms support clients by designing global, sustainable solutions and providing a one-stop-shop for business advisory. We support the 10 principles of the Global Compact on Human Rights, Labour, Environment and Anti-Corruption. Our culture, strategies and operations are aligned with universal principles of sustainable development.
About Experience
Experience is a business magazine that gathers insights, trends and experience stories from TGS member firms that inform and inspire business leaders and future entrepreneurs. Its development seeks to share valuable information for entrepreneurs, under the analysis of our partners and guest executives. This TGS magazine is available free of charge at issuu.com/tgs-sarrio/experience-magazine
Disclaimer
The firms of TGS are independent members of TGS. As a separate and independent legal entity of TGS, member firms are solely responsible for the work it carries out and the services it provides to its clients. Member firms are not responsible for the acts or omissions of other member firms.
What is the purpose and objective of opening an office in China?
The TGS Latam Desk China in Shanghai reinforces our global vision and commitment to offer specialized solutions. Its purpose is to provide strategic and local advice to Chinese companies looking to expand in Latin America, as well as to Latin American companies in their investments in China. This reflects our ability to integrate global knowledge with a local focus, aligned with our mission to support our clients in their growth and efficiency.
Why do you consider it important to open this office in China? When will it be available?
Opening the TGS Latam Desk China responds to the growing demand from our clients for expert advice in a context of increasing investment and trade between China and Latin America, especially with Peru and bordering countries. With the dynamism that the Port of Chancay will bring, it is essential to have a specialized team that understands the regulatory and cultural challenges. This team has been operational since July 1st, providing strategic and local support from Shanghai, working hand in hand with our partners at TGS China.
“ (...) continue to strengthen our global presence to offer ever closer and more relevant solutions to our clients in Latin America and the world.
by TGS
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TGS in Perú
Sarrio
What would be the benefits for customers to have this new connection point?
With the TGS Latam Desk China in Shanghai, our Latin American clients will benefit from a Peruvian representative with extensive knowledge of Chinese culture and regulations. In addition, I have more than 20 years of experience in the areas of corporate finance in retail, banking and the industrial sector. As well as in structuring bank debt, corporate bonds, financial analysis, planning and project management.
This connection point facilitates the interaction with Chinese clients and suppliers, streamlining and dynamizing their business in a key market, supported by our global network and local allies.
Do you have plans to open other offices in different areas? Which ones?
TGS expansion is based on market needs and client demand. We are currently evaluating opportunities in the Americas, in the countries of Colombia, Ecuador and Guatemala; in addition to having recently incorporated a new member firm in Bolivia. As part of the TGS Network, we continue to strengthen our global presence to offer ever closer and more relevant solutions to our clients in Latin America and the world.
by TGS
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INTERVIEW
YOU CAN DO BUSINESS IN SINGAPORE!
Siong YOONG Founder and CEO LinkedIn
TGS in Singapore
VALLARIS
The TGS Latam Desk China in Shanghai reinforces our global vision and commitment to Can you introduce yourself?
Hi there. My name is Siong Yoong. I’m a business acquisition entrepreneur by vocation, and venture capitalist by aspiration. I’m from the small tropical island of Singapore, and I love what I do. When not running my company VALLARIS, I serve our professional services industry as follows:
a. Standards and Technical Working Group, Institute of Valuers and Appraisers of Singapore (IVAS);
b. Financial Reporting Surveillance Programme, Accounting and Corporate Regulatory Authority (ACRA);
c. Investigation and Disciplinary Panel, Institute of Singapore Chartered Accountants (ISCA);
d. Speaker and Trainer, Intellectual Property Office of Singapore; and
e. Speaker and Facilitator, Singapore Academy of Law.
What’s your role at TGS?
VALLARIS is one of two Singaporean member firms in the TGS network. TGS C&T Partners
PAC provides Audit, Accounting, Corporate Secretarial and Tax Services, while. VALLARIS provides Deal and Dispute Advisory services. You can say that when combined, we are a full services accounting firm!
by
Could you give us a brief overview of your company? Additionally, could you explain your role within TGS and how you support other members?
Sure, I’d love to introduce VALLARIS. VALLARIS™ helps people buy and sell companies to make millions without RISK. People work with us to:
a. discover new paths to extraordinary wealth through mergers & acquisitions, and b. get ahead of inflation, taxes and cost of capital.
The dish in the picture is Ayam Buah Keluak but be careful, the buah keluak nut contains cyanide!
“ (...) continue to strengthen our global presence to offer ever closer and more relevant solutions to our
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TGS
What are the key values that your company shares with TGS? They are central to our culture, and we only accept candidates that agree to live these values.
• We only hire smart and kind people: Our people are our greatest resource. We want A players who are smart and kind. We’ve found that A players like working with each other. When found in sufficient numbers, they ensure only other A players get on our team.
• Rationale > permission: VALLARIANS add value to every interaction. We advance by persuading through rationale, as opposed to asking for permission.
• 100% say / do ratio: VALLARIANS do what we say and say what we do.
• Personal growth drives success: We define individual success not by what we know…. but how fast we learn, un-learn and re-learn to guide our clients.
• NFA aka no fooling around: We don’t waste your time, because time is money!
What makes your company stand out in your sector or market?
We deliver results in high-stakes (at least $10 million) deals and disputes. When you work with us, you’ll never have to worry about overpaying or getting in or out of a bad M&A deal. We structure win-win deals, we value businesses, we perform financial due diligence on them. We are the business acquisition experts.
And our clients are happy: “Siong Yoong and the team have been invaluable partners. I am happy to announce that we had a smooth and successful listing that raised HKD 46.5 million!? Dr. Alan Tan Cher Sen, Director | Republic Healthcare Holdings Pte. Ltd.
What advice would you give other TGS members looking to expand in Singapore?
Singapore has a robust financial sector and business-friendly environment. Here are some key pieces of advice for an accounting firm looking to expand into Singapore:
a. Understand the Market Demand
b. Leverage Technology
c. Focus on Talent Development
d. Build Strong Networks
e. Compliance and Regulatory Knowledge
f. Client-Centric Approach
g. Explore International Opportunities
h. Sustainability and CSR. This is becoming increasingly important for clients and can differentiate your firm in the market.
By focusing on these areas, accounting firms can position themselves for successful expansion in Singapore. If you have any specific questions or need further details, feel free to ask!
PARTNER EXPERIENCE
PERU’S MEGA PORT OF CHANCAY AND ITS POTENTIAL FOR THE AMERICAS’ BUSINESS
Lorena BERNALES
Marketing
& Communications
Manager - TGS Peru & Chile
https://tgs-sarrio.pe
Sarrio & Asociados
Foreign direct investment between China and Latin America is booming, driven by infrastructure projects such as the Port of Chancay in Peru, leading companies to increasingly seek specialized advice to navigate complex regulatory and cultural environments.
The Insight Hunting SEO study prepared by Impulso’s Data Intelligence Unit*, conducted between January 2022 and May 15, 2024, analyzed more than 3 million searches from people in Peru (+50 thousand), Chile (+180 thousand), USA (+100 thousand) and Spain (+80 thousand) who were interested in topics related to the benefits that the new Mega Port of Chancay will offer.
The first thing that the study shows us is that people and companies in Chile, USA and Spain interested in the subject have multiplied exponentially, from 2022 to 2023 by +351%, and from 2023 to 2024 by +157%. The reasons for the interest in the Port are clear: the strategic location on the Pacific route (44.1%), modern infrastructure (40.2%), connectivity and logistics network (35.1%), economic and commercial benefits (33.5%), efficiency and speed (30.9%), new commercial routes (29.1%) and decongestion of other ports (28.1%).
Finally, the analysis shed light on the sectors with the greatest interest in the Port, which are: food and beverages (16.3%), foreign trade companies (15.7%), electronics companies (11.1%), shipping and logistics operators (10.1%), pharmaceutical and health sector (10%), automotive sector (9.5%), telecommunications providers (9.4%), agriculture and agribusiness (9.1%) and energy and mining (8.8%).
In a recent interview, José Luis Sarrio, partner at TGS Sarrio & Asociados (Peru), commented that Chinese investment in Peru reflects a whole policy outlined by the Chinese government. “In Chinese culture, investment decisions are made under a strategy of return in 100 years or more. In addition, Chinese companies’ investments do not come alone, that is, they bring with them all the infrastructure for their businesses, such as banks, telecommunications, etc.; so, we must seek to compensate this investment with local businesses.”
“We must cover all the points where there is an unmet need. Investment will be needed in infrastructure for business and tourism (hotel capacity, communications, restaurants, transportation, etc.). And all this under the premise of citizen security, which is indispensable for foreign investment”, added José Luis.
Peru is strategically located in Latin America, on the Pacific route, as an option to decongest the MexicoUS border ports with more commercial traffic and a great opportunity for both Peru and the entire region.
Along with the Port, a Free Trade Agreement with China will be signed in November, but these treaties are not accompanied by double taxation agreements. José Luis explained: “this means that the tax navigation in the Peruvian treasury, as well as in the other Latam and Chinese countries, means a risk in the return of taxes, fines and tax compliance, which makes it important to choose well who accompanies you in that navigation”.
In response to this growing demand, in TGS we have established a Latam Desk China in the city of Shanghai, strengthening our international network and its ability to offer comprehensive and specialized solutions to its clients in America and Asia. With this we seek to be a connection or a kind of intermediary between the Latin and Chinese businessmen, supporting both parties with culture, legislation, time differences (13 hours with Peru), ways of working, money transfers, tax issues and other barriers that may arise when doing business. This new connection point facilitates direct interaction with Chinese clients, operators and suppliers, boosting the business of its clients in a key market.
According to the Insight Hunting SEO study prepared by Impulso’s Data Intelligence Unit for our Firm in Peru**, where 354 thousand people were tracked, reflecting a growth of 400%, from 2019 to date, in relation to online searches about business with companies from China.
Among the most requested services are consulting and advisory (89%), logistics and transportation services (62%) and legal and regulatory registrations (44%).
In addition, it was recorded that people interested in doing business with China seek advice and audits to ensure the transparency and reliability of business operations in China (21%), as well as what advice to hire to start business with Chinese companies (20%), why they want to gain market knowledge (52%), legal and regulatory compliance (50%) and financial transparency (44%).
Likewise, a growing interest was identified in people looking for Chinese companies in relation to Peruvian companies, where it was found that the most sought-after services are: legal consulting and advice (79%), financial and tax consulting (40%) and market research and entry strategies (40%).
Peru is strategically located in Latin America, on the Pacific route, as an option to decongest the Mexico-US border ports with more commercial traffic and a great opportunity for both Peru and the entire region.
And in TGS Sarrio & Asociados (Peru), as well as in all Latam member firms, we can provide services with a local business treatment, and specialized at regional level, with a diverse range of consulting services that supports our clients to preserve their value over time.
Sources:
*Insight Hunting SEO study prepared by Impulso’s Data Intelligence Unit on the interest of people/companies from Peru, Chile, USA and Spain in the Port of Chancay (from January 2022 to May 15, 2024).
**Insight Hunting SEO study prepared by Impulso’s Data Intelligence Unit for TGS Sarrio & Asociados on the interest of people seeking consultancy and audits to do business with companies from China (from 2022 to July 15, 2024).
Photo by AdobeStock
PARTNER EXPERIENCE
EXPLORING OPPORTUNITIES FOR ASIAN COMPANIES IN THE NORDIC COUNTRIES
Jens EDLUND
Managing Partner, TGS in Sweden
https://edlundpartners.se/en/
As globalization continues to reshape the world economy, Asian companies are increasingly seeking new markets for expansion, innovation, and partnerships. The Nordic countries—Sweden, Denmark, Norway, Finland, and Iceland—offer a fertile ground for these ambitions. With their stable economies, advanced technological infrastructure, and focus on sustainability, the Nordics are rapidly becoming a key destination for Asian firms looking to establish a foothold in Europe.
Why the Nordic countries?
The Nordics are a unique region in Europe, distinguished by their high standard of living, transparent governance, and business-friendly environments. But what truly sets the Nordics apart are their shared values of sustainability, innovation, and a strong digital ecosystem—elements that align well with the evolving priorities of many Asian companies, particularly those focusing on green technologies, fintech, and digital transformation.
Nordic countries consistently rank high in terms of innovation, competitiveness, and ease of doing business. Sweden, for instance, is home to some of the world’s most innovative companies and has a thriving startup scene. Denmark is a leader in renewable energy, while Norway is renowned for its wealth of natural resources and progressive policies. Finland has made significant strides in digitalization and technology, and Iceland is a hub for data centers due to its abundant renewable energy.
These countries also have strong trade relations with Asia. Both sides recognize the importance of fostering bilateral trade agreements, investment, and collaboration, which is key to unlocking new business opportunities.
Key opportunities for Asian companies
1. Sustainability and green technologies
The Nordic region is at the forefront of sustainability efforts, with governments actively supporting the transition to green energy and the reduction of carbon emissions. Asian companies with expertise in renewable energy, electric vehicles, and other green technologies can find numerous opportunities to collaborate on projects, supply chains, and innovations. For example, Norway’s focus on electric vehicles presents a potential market for Asian EV manufacturers, while Sweden’s commitment to clean energy could benefit from partnerships with Asian solar or wind energy companies.
Best practices, such as auditing the financial statements, help maintain that value. “ ”
2.Technology and innovation
The Nordics have a robust technology sector, making it an ideal destination for Asian tech companies. From AI and blockchain to IoT and cybersecurity, Nordic countries are highly digitalized and offer advanced infrastructure for tech-driven innovation. Asian companies specializing in fintech, health tech, and AI could find a welcoming ecosystem to test, launch, and scale new technologies. Additionally, collaboration with Nordic startups could drive innovation and bring new products and services to global markets.
3. Healthcare and life sciences
The Nordic countries have a world-class healthcare system and strong research capabilities, particularly in pharmaceuticals, biotechnology, and life sciences. Asian companies in these sectors can partner with Nordic firms for research and development, clinical trials, and healthcare solutions. Opportunities abound for collaboration on medical devices, digital health, and biotechnology innovations that can be scaled across both European and Asian markets.
4. Sustainable fashion and design
With sustainability increasingly becoming a key focus for global consumers, Nordic countries are pioneers in the fashion and design industries’ shift towards more ethical and eco-friendly practices. Asian companies that prioritize sustainability in textiles, apparel, and consumer goods will find a strong market in the Nordics. Swedish brands like H&M have already made strides in sustainable fashion, presenting opportunities for Asian suppliers and designers to collaborate on sustainable production and distribution.
The role of cultural understanding
One of the keys to successful business expansion in the Nordics is understanding the region’s cultural nuances. While the Nordic business culture is characterized by transparency, equality, and a focus on work-life balance, it’s essential for Asian companies to be mindful of these values when entering the market. Building strong, trustbased relationships with local partners and understanding the local regulatory landscape will be critical to long-term success.
Moreover, the Nordics emphasize corporate social responsibility (CSR), which aligns well with the rising global focus on ethical business practices. Asian companies that are attuned to these values will have a competitive edge when it comes to both market entry and partnerships.
Conclusion
The Nordic countries offer a wealth of opportunities for Asian companies across various sectors, including sustainability, technology, healthcare, and design. With their strong economies, innovative landscapes, and commitment to sustainability, the Nordics present a unique platform for growth and collaboration. By tapping into the region’s strengths and understanding its cultural values, Asian businesses can establish lasting success and contribute to a more sustainable, innovative future.
At TGS Edlund & Partners - Sweden, we specialize in facilitating these cross-border collaborations and providing strategic advice to help businesses navigate new markets. We look forward to continuing to support Asian companies in unlocking the full potential of the Nordic region.
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NAVIGATING CHALLENGES AND OPPORTUNITIES FOR BUSINESS IN CHINA AMID GLOBAL ECONOMIC SHIFTS PARTNER EXPERIENCE
Cavern CHENG
Partner - TGS in China http://www.nortex.cn/
In an era defined by rapid globalization and fluctuating economic landscapes, businesses operating in China face a unique blend of challenges and opportunities. As the world grapples with the aftermath of the COVID-19 pandemic, geopolitical tensions, and shifting trade dynamics, understanding the intricacies of the Chinese market is paramount for any organization looking to thrive in this vibrant economy.
Current Global Economic Context
The global economic environment is marked by significant volatility. Inflationary pressures, supply chain disruptions, and rising interest rates have compelled businesses to rethink their strategies. The International Monetary Fund (IMF) projects a slowing global growth rate, which, coupled with uncertainties surrounding energy prices and food security, creates a complex backdrop for international commerce.
China, as the second-largest economy and a critical player in global supply chains, is not immune to these challenges. While the nation has emerged from stringent lockdowns, its economic recovery has been uneven, influenced by both domestic policies and international market fluctuations. dit, core omnientus doloritis ariatio nsequi bero vendelent
Challenges for Businesses in China
1. Regulatory Landscape: China’s regulatory environment is evolving rapidly. Recent years have seen increased scrutiny on foreign companies, especially in sectors such as technology and finance. Compliance with local laws, including data protection regulations and anti-monopoly legislation, poses significant challenges. Businesses must remain agile and well-informed to navigate this intricate landscape.
Understanding local regulations and consumer behavior is vital for success. Navigating these complexities can unlock significant growth opportunities in China.
2.Geopolitical Risks: Heightened tensions with Western nations have led to a more protectionist approach in trade policies. Companies may encounter tariffs, restrictions on technology transfers, and challenges in accessing certain markets. This climate necessitates a robust risk management strategy and an understanding of the geopolitical implications of business decisions.
3. Consumer Behavior Shifts: The pandemic has altered consumer behavior in China, with a pronounced shift towards online shopping and health-conscious products. Businesses must adapt to these changing preferences, leveraging e-commerce and digital marketing strategies to engage a more discerning consumer base.
4. Supply Chain Disruptions: Global supply chains remain fragile, and businesses in China are not exempt from these disruptions. Fluctuations in demand, rising logistics costs, and changes in export regulations can impede operations. Companies need to develop resilient supply chain strategies that emphasize flexibility and diversification.
Opportunities for Businesses in China
Despite these challenges, China offers a plethora of opportunities for businesses willing to adapt and innovate.
1. Growing Consumer Market: With a population exceeding 1.4 billion, China boasts a vast and increasingly affluent consumer base. The middle class is expanding, driving demand for premium products and services across various sectors, including technology, healthcare, and consumer goods. Businesses that tailor their offerings to meet the preferences of this diverse market can achieve substantial growth.
2.Technological Advancements: China is at the forefront of technological innovation, particularly in areas such as artificial intelligence, fintech, and e-commerce. Collaborating with local tech firms or investing in research and development can position businesses advantageously in an increasingly digitized economy.
3. Green Economy Initiatives: China’s commitment to achieving carbon neutrality by 2060 presents significant opportunities in the renewable energy sector. Companies involved in sustainable practices and green technologies can tap into government support and funding initiatives aimed at fostering environmentally friendly growth.
4. Belt and Road Initiative (BRI): The BRI represents an ambitious framework aimed at enhancing global trade and economic collaboration. Businesses can leverage this initiative to explore new markets and forge strategic partnerships, particularly in Asia and Africa, where infrastructure development is a priority.
Conclusion
As businesses navigate the multifaceted landscape of China, they must remain vigilant and adaptive to both challenges and opportunities. Understanding the implications of the global economic climate and local market dynamics is essential for informed decisionmaking. By cultivating a strategic approach that prioritizes compliance, innovation, and consumer engagement, companies can not only survive but thrive in one of the world’s most dynamic economies.
In summary, while the road ahead may be fraught with complexities, the potential rewards in the Chinese market are significant for those willing to invest the time and resources to understand its nuances. The key to success lies in a proactive, informed strategy that embraces change and leverages the unique opportunities that China has to offer.
At TGS Nortex, a member of TGS Global, we understand the complexities of the Chinese market and the challenges businesses face. Our expert team provides tailored solutions in compliance, risk management, and market entry strategies. By leveraging our deep local knowledge and global insights, we empower clients to navigate regulatory landscapes, optimize operations, and capitalize on emerging opportunities, ensuring sustained growth and success in China.
by AdobeStock
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UNLOCKING GLOBAL GROWTH: KEY INSIGHTS FROM THE TGS REGIONAL CONFERENCES 2024 NETWORK EXPERIENCE
Andrew MENZIES Vice-President https://tgs-global.com
The TGS regional conferences, held in Marrakech, Costa Rica, and Singapore, highlighted the immense value of being part of an international network. Here are the key takeaways from our 2024 events, showcasing the benefits and opportunities for professional service firms within the TGS network.
The Power of Networking and Presentations
Our regional conferences underscored the strength of our network, with each firm presenting effectively. A standout was the A-team’s one-page presentation, setting a high standard for all.
Networking within TGS is not just productive but also enjoyable. Our members find immense value in dynamic interactions, the pleasure of collaboration, and the joy of working with like-minded professionals.
Knowledge sharing and continuous learning
The TGS network thrives on sharing knowledge and expertise. Mature firms excel by teaching others, fostering a culture of continuous learning and improvement. The success of our members in Asia Pacific, and around the world is a testament to the power of collaboration.
Addressing challenges doing business in Asia Pacific and offering solutions
Despite our successes, we recognize the challenges our members face. Attracting both staff and clients remains a significant hurdle. Our conferences emphasized the need for a balanced approach to training, combining technical skills (generally provided by local institutes) with more universal ‘soft’ and advisory skills requiring practical experience from the network itself. More details on training are available at TGSU.
We are also enhancing our membership process to add more value. By integrating free advisory services as part of the TGS admission process, we ensure a seamless onboarding experience that leverages our advisory tools for maximum benefit.
Regional and global initiatives
One standout initiative discussed was the exchange program memorandum for Asia Pacific. This program aims to strengthen ties and foster collaboration across the region, providing immense value to our members who wish to do business in, into, with and out of Asia Pacific.
We also explored the importance of leveraging the TGS brand to grow with purposeful strategy and leverage. Our goal is to ensure that every member maximizes their potential by utilizing the collective strength of the TGS network.
The TGS brand is registered and protected globally. TGS member firms can also become shareholders in the network, placing them in the unique position of owning a top 25 international network.
Strategic business development
Developing business in Asia requires a strategic approach. Our Asia Summary emphasized the importance of communication through websites, brochures, and events. Targeting clients, industries, and services effectively, along with identifying regional leaders, is crucial for sustainable growth.
TGS distinguishes itself from other audit networks by focusing on sustainability and ethical practices, ensuring that our network’s growth is both responsible and impactful.
Lessons from Expert Speakers
The wisdom shared by our speakers provided invaluable insights. From simplifying processes and focusing on what truly matters to turning information into actionable results, our members left with practical strategies to implement in their firms.
Our special interest workgroups—Audit, The Future of Accounting, Tax & Legal— are essential for attracting and retaining talent while improving operational efficiency.
The TGS Quality Program, with its risk-based approach, ensures that our members stay ahead of industry standards.
With a focus on collaboration, continuous learning, and strategic growth, TGS offers professional service firms inspiration, visibility, friendship, ideas, community, and regional knowledge.
Participate!
Bring your firm to our next TGS Asia Pacific event in 2025
If you would like to participate in the next TGS Asia Pacific event, please reach out to Andrew or Sophie. We’ll be delighted to hear from you!
The TGS Network, though young, is rich with opportunities and is the ideal place for firms looking to grow and succeed globally.
The TGS regional conferences, held in Marrakech, Costa Rica, and Singapore, highlighted the immense value of being part of an international network.
THINK
GLOBAL SUSTAINABILITY
TGS is a premier network focused on entrepreneurial companies for long-term relationships. Participant of the UN Global Compact.
