Moroccan Accounting Firm Joins International Accounting Firm Association MSI

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Casablanca accounting firm Cabinet Seddik appointed as leading international accounting firm association MSI's exclusive accounting firm member in Morocco.

With an entrepreneurial Managing Partner who holds the distinction of being Morocco's first Chartered Accountant, as well as the country's International Federation of Accountants (IFAC) representative, Cabinet Seddik is clearly a firm that believes in keeping its finger on the pulse of international business.

And with MSI Legal & Accounting Network Worldwide (MSI) actively seeking a strong, mid-sized Moroccan accounting firm that is committed to quality, an association made sense for both parties, as well as those clients expanding their business interests into what is an exciting emerging market.

"With a strong international client base, imminent plans to grow the firm, and well trained partners with international experience and Big Four firm backgrounds, Cabinet Seddik is the type of progressive firm we continue to bring into our international association of accounting firms and law firms," says MSI's Chief Executive James Mendelssohn.

The 20-staff firm provides a wide spectrum of audit, accounting and consulting services to SME and larger, multinational companies. Managing Partner Rachid Seddik Seghir comments: "Around 40 percent of our clients are of European origin, and we need to be able to reach out to other accountants and lawyers in Europe's main commercial centres, and occasionally beyond. MSI meets this requirement perfectly, and the quality of the firms in the association gives us great confidence that we can continue to serve our internationally active clients well into the future."

"Having reformed its tax and legal system in recent years, as well as agreeing a free trade agreement with the USA in 2004, Morocco is an increasingly attractive destination for foreign investors. We anticipate using our MSI membership to promote Morocco as a good place to do business, and to grow our international client base."

Affiliation with MSI enables Cabinet Seddik to extend its services to include the provision of a broad range of sophisticated, cross-border professional advisory services through MSI's membership of carefully selected, highly skilled, independent professional firms located in 100 countries.

Mendelssohn adds: "MSI is increasing its footprint in those emerging markets where clients need to be able to call on high quality, local firms that are not only technically sound, but also responsive and knowledgeable about the intricacies of doing business in their developing economies. Cabinet Seddik fits our business model perfectly."

"Professional firms and their clients are facing similar challenges around the world. We have seen a huge increase in the number of firms applying for membership in recent months, and we encourage applications from independent accounting and law firms in cities where MSI does not currently have member firms."

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