Welcome to the 2025 Transparency Report of RSM Audit (Gibraltar) Limited (“the Firm”). This report concerns the Firm for the year ended 30 June 2025, unless otherwise stated. RSM Gibraltar Group (“the Group”) delivers its audit business through the Firm. The Group is structured strategically from a specialism, commercial and regulatory perspective.

Our report complies with the Gibraltar Financial Services Act 2019 and Regulation (EU) No 537/2014 of the European Parliament and of the Council of 16 April 2014 on specific requirements regarding the statutory audit of public-interest entities.

An audit firm in Gibraltar is required to prepare an annual Transparency Report that meets the requirements of Article 13 of Regulation (EU) No 537/2014, as retained in Gibraltar law. This regulation is applicable to financial years beginning on or after 16 June 2016. Therefore, this would be our ninth year that we publish our transparency report on our website www.rsm.gi.

Delivering value through financial strengths

The Firm reported strong financial results for the fiscal year ended 30 June 2025, reflecting solid operational performance and strategic growth initiatives. Total revenue increased by 37% year-on-year to £3.6mn, driven by a significant increase in audits of other entities, primarily in on-line gaming and crypto. This underscores the Firm’s resilience and continued momentum in a dynamic market environment. Importantly, this reflects the quality of work our teams deliver to our clients.

This year is also our ninth anniversary with the RSM brand. We are delighted to form part of a strong and pioneering network. RSM operates as a ‘unified, global brand’, ensuring clients benefit from shared knowledge and best practice wherever they do business as well as being able to rely on quality local experience and understanding.

The Global RSM network reported global revenues of US$10billion for the year ended 31 December 2024, representing a 6% year-on-year growth. This represents the trust of our clients, the talent of our people, and the significant positive impact of RSM, both locally and globally.

Global fee income for assurance services rose by 15% to US$3.2bn, while RSM’s tax revenues jumped by 11% to US$2.9bn. Consulting revenue totalled US$3.9bn, representing the strongest performing service line for the third consecutive year. All regions showed impressive growth. In addition, headcount globally has risen to 65,000.

RSM is reinforcing its position as the leading global provider of professional services to the middle market. Four member firms in Europe completed seven acquisitions to power growth across the continent, expanding our footprint and enhancing our capabilities across important sectors. RSM US and RSM UK announced their pursuit of a merger, with both firms taking another significant step towards strengthening their global client offering and delivery of long-term growth.

Commitment to quality and operational integrity
On the important subject of quality, our Firm implements International Standard on Quality Management 1 (“ISQM 1”). The annual evaluation conclusion was that the system of quality management provides reasonable assurance that the objectives of the system of quality management are being achieved. Our Firm also implements International Standard on Quality Management 2 (“ISQM 2”) which deals with the appointment, eligibility and responsibilities of an engagement quality reviewer. In addition, Audit Quality Champions are on the ground to ensure compliance with the Firm’s quality policies and procedures and to ensure quality is embedded in audit teams.

All our clients require high standards delivered in a cost-effective approach. We pride ourselves on providing a highly professional, efficient and personal service to our clients and on encouraging mutually beneficial relationships with our clients and their advisors.

Our approach focuses on:

  • delivering a high-quality audit;
  • taking a professional approach in the services we provide;
  • adopting a flexible approach to meet client needs;
  • total independence from institutional links; and
  • developing long-term relationships based on strong personal foundations we build with our clients, advisors and all stakeholders.

We have developed a flexible skill set which allows us to add value to our clients' affairs by:

  • listening to clients, understanding their objectives and providing effective and innovative solutions;
  • allocating a team of qualified and professional staff, under the guidance of a director, best suited to the skills required by the client, maintaining this team and enhancing it as necessary throughout the working relationship;
  • respecting and meeting deadlines and reporting requirements; and
  • giving realistic fee quotes with a flexible charging structure and assisting in the search for cost-effective solutions.

Our aim is to provide customer-centred quality outcomes.

In terms of data security, we have renewed our ISO 27001 certification. This certification gives our clients comfort that we are doing the very best we can to keep their data safe and secure. 
Through this transparency report, we affirm our commitment to accountability and transparency, focusing on our approach to quality, our culture and values, our people, our technology, and promoting and monitoring adherence to independence and integrity.

Moe Cohen
CEO

Download RSM Audit (Gibraltar) Limited - Transparency Report 2025