Sony launches the Walkman

Its ubiquity over the next three decades was such that by 2010, when production stopped, Sony had built about 200 million cassette-based Walkmans.

The arrival of VisiCalc

The arrival of VisiCalc – short for “visible calculator” and originally released for Apple II, the first spreadsheet software revolutionised financial modeling and sold over 700,000 copies in six years.

The International Accounting Standards Committee (IASC) formed

The IASC was the first international standards-setting body. It was reorganised in 2000 and became an independent international standard setter, the International Accounting Standards Board (IASB). Since then, the use of international standards has progressed. As of 2013, the European Union and more than 100 other countries either require or…

OPEC Oil Crisis

Members of the Organisation of Arab Petroleum Exporting Countries declare an embargo on countries including the UK, the US, Canada, and Japan. By the end of the crisis six months later the price of oil had risen 300%.

Edmond Chan

“Gabriel Brosztl of Kreston Bansbach GmbH, one of the founders of Kreston, was instrumental in the early growth of the network. For many years he spent a lot his personal time in Kreston affairs and built up very good relationships with members, and laid down a solid foundation for Kreston…

1971 – 1981 Our humble beginnings

In the 1970s accountancy industry, firms were seeking to expand their activities beyond national borders. Indeed, Kreston was borne out of this idea – to serve clients internationally. The network was brought into being during a decade defined by political and economic turbulence, including events such as the Watergate Scandal…

The Watergate scandal

The Watergate scandal, which follows the Nixon administration’s involvement in a break in at the Democratic National Committee headquarters in Washington DC, rocks the US establishment and beyond. Its revelations of complex bank transfers brings greater scrutiny to business accounting practices.

Dagmar Brösztl-Reinsch

“From what I remember, our firm was quite small at the time and we had a large client who wanted to grow into other countries – Spain, Italy, Switzerland and so on. They asked my father “can you help us if we go across the border?” and at that time…

Founding members

The idea of Kreston was conceived in 1971 when the German firm Bansbach formed a relationship with the UK firm Finnie. The head of Bansbach at the time was Dr Gabriel Brösztl – he and Michael Ross, of UK firm Finnie, were co-founders. Gradually Gabriel and Michael added firms to…