Our People


Andrew Clifford is a Director of the Corporate Finance division in Melbourne. Andrew joined the Corporate Finance Division of RSM from the UK, over ten years ago. With over twenty years’ experience within professional practice, Andrew has a detailed knowledge and experience of financial modelling and corporate consultancy.

Since joining RSM, Andrew has been pivotal in establishing RSM’s financial modelling framework and dedicated financial modelling team. Andrew's broad experience means that he has a good understanding of the needs and issues of commercial entities. 

Andrew Clifford is a Partner of RSM Australia Partners and a Director of RSM Australia Pty Ltd.

Andrew Clifford


Andrew’s experience gives him a strong understanding of the needs and issues of public and private sector entities including:

  • financial modeling and investment appraisal
  • financial due diligence
  • business intangible asset and infrastructure valuations
  • corporate consulting
  • mergers and acquisitions

Significant projects

  • Development of a 10 year long term integrated financial model for Australian Local Government Councils. The models are currently being used by Greater Shepparton City Council and Latrobe City Council
  • Financial due diligence and financial modelling for a diverse range of overseas, private and ASX listed entities
  • Completion of numerous Independent Expert’s Reports for public company transactions and compulsory acquisition
  • The valuation of a small to medium sized companies across a wide variety of industries including:
  • construction
  • HVAC manufacturing
  • distribution
  • retail
  • industrial manufacturing
  • transport and logistics
  • infrastructure
  • agribusiness


  • Member,  Association of Chartered Certified Accountants
  • Affiliate, Chartered Accountants, Australian and New Zealand

thinkBIG report: Cyber security

27 June 2022
Just because your business is small, doesn’t mean it’s safe from cyber attack. In fact, a cyber criminal may target small businesses because they’re less likely to have sophisticated cyber defences. Read about what you can do to ensure your business is cyber secure.  ...

Family Law Insider | May 2022

30 May 2022
This quarter’s edition of the Family Law Insider aims to provide some important considerations as we fast approach the end of financial year.

Valuations for Family Law Purposes – Common Issues

17 May 2022
The first step in any family law property settlement is to identify and value the assets belonging to each party. A business is an asset and its value either needs to be agreed upon between the parties or valued by a qualified expert. Different businesses will require different methods of valuation. All are complex and require specialis...

Control Premium Study 2021

8 September 2021
RSM’s 2021 Control Premium Study - a study of 605 successful transactions and schemes of arrangement in Australia and 131 in New Zealand, completed between 1 July 2005 and 31 December 2020. In 2010 we released our inaugural study in which we analysed the implied control premiums observed in successful takeovers and schemes of arrangement compl...

Family Law Insider | August 2021

24 August 2021
Staying on the trend of financial planning, going through a marital breakdown can be a difficult time for both parties. This edition’s article by Evan Tsipas, identifies the four key pillars of a financial plan and how they may need tweaking following a separation. 

Obtaining an accurate business valuation quotation – a handy checklist

13 August 2021
We are often approached by phone or e-mail and asked to provide a business valuation quote with limited information on which to provide our quotation.  This invariably leads to us having to provide a wide range of potential fees as a best guess and sometimes then having to discuss higher fees once the valuation commences if some of the assu...

Case Study: Urban.io

14 September 2020
Urban.io provides a turnkey Industrial IoT solution for remote data acquisition from your buildings into your business systems. The IoT devices are designed for retrofit solutions in remote locations with automatic setup. Urban.io brings their own network which works in the majority of populated locations globally (indoor or outdoor) – out o...

The impact of COVID-19 on the work of independent experts

14 May 2020
The significant volatility in local and global equity markets over the last few months clearly demonstrates the impact that COVID-19 is having on Australian companies. Uncertainties regarding the economic outlook, consumer and business confidence, customer demand and supply chain management have all resulted in lower and more volatile asset valu...

Download the AASB 16 Leasing Model

11 April 2019
What is AASB 16 - Leases? AASB 16 is a new accounting standard that changes the way leases are accounted for on a company’s balance sheet. Under the new standard, obligations to make future payments on an operating lease must now be included on the balance sheet. This will impact your EBIT, EBITDA, and cash flow. All businesses will be affecte...

AASB 16 – Leases – Opening the valuation can of worms

10 July 2017
On 13 January 2016, the IASB published the long-awaited IFRS 16 Leases, which has been adopted as AASB 16 in Australia. Understanding the new standard - What does it mean for your balance sheet? There are important implications impacting the valuation of companies that you need to understand, including: Rent is no longer an operational exp...

Share-Based Payment Schemes – Your Options and Understanding Performance Rights

7 July 2017
What are the main accounting and business considerations in share-based payment schemes? Under AASB 2, costs related to share-based payments have to be charged to income statements. As a result, share based payments can have a significant impact on results. Because it requires the use of complex valuation models, AASB 2 is far from easy to appl...

Fourth control premium study by RSM Australia reveals control premiums have risen sharply

RSM Australia (RSM), one of Australia’s largest mid-tier accounting firms, has revealed the findings of its latest control premium study, undertaken in partnership with Curtin University. RSM Australia explores factors that can have an impact on the premium paid to acquire control.  The study revealed that, during the COVID-19 pandemic...