ACCOUNTANCY firm network PKF has lost its only representation in Papua New Guinea after its local member firm switched allegiances to BDO.

Founded by current managing partner David Guinn, the firm was established in 1983 in Mount Hagen, but today operates with a staff of 25 from a base in Port Moresby.

Mr Guinn said the group was keen to access BDO’s global network to improve its service offering.

“We are particularly attracted to the growing strength and coverage that BDO has across the Asia Pacific region and look forward to a successful collaboration in this area and with the network as a whole,” he said.

“Ours is a people business, where solid relationships are key and where our objective is to provide an environment where talented people can develop their careers.”

The firm’s core services are audit and assurance, accounting, tax, insolvency and business advisory: the firm’s insolvency practice is significant, compared to its nearest competitors.

The BDO firm has significant industry expertise in agriculture, especially coffee, retail, medical services, engineering, aid donor and government services.

BDO Asia Pacific chief executive Stephen Darley said he was pleased to welcome another firm to the company fold.

“In the past 18 months we have seen new firms joining from Bangladesh, Fiji and French Polynesia, to name but a few, as well as a key business unit in Beijing,” he said.

“There is no doubt that the new BDO Papua New Guinea exemplifies the BDO vision, to be the leader for exceptional client service”.

The global BDO network provides advisory services in 148 countries, with more than 56,000 people working out of 1,264 offices worldwide.