UANI Applauds U.K.'s Nexia for Ending Business in Iran

May 16, 2013

 

FOR IMMEDIATE RELEASE
May 16, 2013 
Contact: Nathan Carleton, [email protected] 
Phone: (212) 554-3296

UANI Applauds U.K.'s Nexia for Ending Business in Iran
Accounting Network is Fourth to Pull Out This Year Following UANI Campaign

New York, NY - On Thursday, United Against Nuclear Iran (UANI) applauded British accounting network Nexia International for ending its business in Iran.

Last week, UANI called on Nexia to pull out of Iran, where it maintained a member firm, Behrad Moshar Certified Public Accountants.

Nexia then entered into discussions with UANI, and stated that "it would be appropriate to terminate the membership of our Iranian firm." Nexia has subsequently confirmed that it has "terminated the membership of our Iranian member firm, Behrad Moshar Certified Public Accountants, and have removed their details from our website."

Nexia also confirmed that it has "written to the firm asking them to adhere to Nexia regulations regarding termination and their obligation to, with immediate effect, cease use of the Nexia Marks (including logo) and remove any reference to membership of Nexia International" in correspondence or on its website.

Nexia is the fourth accounting network to leave Iran this year as a result of UANI's Accounting Campaign, following Grant Thornton, RSM, and Crowe Horwath.

Said UANI CEO, Ambassador Mark D. Wallace:

We applaud Nexia for ending its business in Iran. Nexia and its CEO Kevin Arnold wanted to take immediate, responsible action to end any Iran exposure. We thank Nexia, and will list it as withdrawn from Iran. We encourage other firms to follow suit, and end their Iran business.

UANI launched its Accounting Campaign in March, highlighting the practices of international accounting networks and associations that maintain member or correspondent firms in Iran.  

The campaign is an extension of UANI's successful 2010 campaign towards the "Big Four" accounting firms reportedly active Iran. In response to UANI's campaign, KPMG severed ties with its Iranian member firm, and PricewaterhouseCoopers and Ernst & Young informed UANI that they had previously discontinued business relationships in Iran.

Click here to read UANI's full letter to Nexia.
Click here to learn more about UANI's Accounting Campaign.  

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