RSM Audit (Gibraltar) Limited - Transparency report 2026

Welcome to the 2026 Transparency Report of RSM Audit (Gibraltar) Limited (“the Firm”). This report concerns the Firm for the year ended 30 June 2026, 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 tenth year that we publish our transparency report on our website rsm.gi.

Delivering value through financial strengths

The Firm reported strong financial results for the fiscal year ended 30 June 2026, reflecting solid operational performance and strategic growth initiatives. Total revenue increased by 15% year-on-year to £4.2mn, driven by a significant increase in audits of other entities, primarily in on-line gaming and crypto. These results reflect the strength of our business, the trust our clients place in us and the long-term investments we have made in our people, technology and audit quality.

The Global RSM network reported global revenues of US$7.7bn for the year ended 31 December 2025, representing a 4% year-on-year growth, which excludes former alliance revenues. Our core service lines have grown faster over the past three years without Alliance revenues included, and that momentum is being reinforced by investments in technology, and cross-border client delivery.

During the year a new partnership was formed between partners from RSM UK, US, Canada and Ireland. This transatlantic partnership creates deeper opportunities to share expertise, develop capabilities and invest collectively in areas that matter most to clients and audit quality. RSM Mexico is set to join the transatlantic partnership, thereby strengthening RSM’s position across North America as middle market companies seek cross-border advice.

This year also marked ten years of operating under one unified global RSM brand. This milestone is a testament to the strength of our shared identity and our ability to work seamlessly across borders. It reflects the progress RSM has made together and the foundation that has been built for the future.

Commitment to quality and technological foundations

Our longstanding belief is that sustained commercial success is built on a foundation of high-quality audits. Our growth has been accompanied by continued investment in training, methodology, specialist expertise and technology.

Implementing and monitoring ISQM 1 also helps to support the way we embed our quality culture. The firm undertook its annual evaluation of the system of quality management during the year. While deficiencies were identified that required remedial action, the firm's leadership concluded that the system of quality management continued to provide reasonable assurance that the objectives of the system were being achieved. Our Firm also implements 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.

In an ever-evolving global environment, RSM continues to invest in technology and cyber security. Artificial intelligence is one of the most significant developments facing businesses today. As adoption across the profession increases, RSM’s aim is not to adopt it hastily but strategically implement it through setting policies and selectively and responsibly embedding AI into our services. RSM was an early adopter of generative AI, rolling out Microsoft Copilot to all staff. We continue to believe that technology delivers its greatest value when combined with human expertise. Audit is, and will remain, a profession founded on judgement, scepticism, experience and trusted relationships. While technology can enhance these attributes, it cannot replace them.

At RSM we constantly develop our use of digital tools, adapting our audit methodology to respond to technological developments. We are preparing to roll out a significant update to our global audit methodology to further enhance audit quality and insight.

In terms of data security, we have renewed our ISO 27001 certification demonstrating alignment with internationally recognised information security standards and reinforcing trust with our clients.

Looking ahead

The audit profession is undergoing significant change. Expectations of businesses continue to increase, technological advancements are reshaping the way organisations operate, and stakeholders are placing greater emphasis on transparency, resilience and trust.

We are well positioned to meet these challenges from a place of strength.

Our business remains sustainable and growing, supported by a strong culture, exceptional people and an unwavering commitment to quality. We have continued to invest in our future, enhancing the capabilities and expertise needed to respond to the evolving requirements of clients and stakeholders. These foundations have been instrumental in our success to date and will continue to guide our strategic decisions in the years ahead.

Looking forward, our ambition is clear: to build on our momentum, reinforce the confidence that stakeholders place in us, and continue delivering high-quality audits that inspire trust, support businesses and contribute to the public interest.

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