The two Scottish largest accounting firms, Scott-Moncrieff and Campbell Dallas, need to merge and become part of a much larger international network.
Together, the company will have 45 partners and more than 500 employees in Scotland. When combined, their recent fee income is 40 million pounds.
The merger will come into effect on May 3 and will work in 11 offices, from Inverness to Ayr.
It is understood that two operations will keep their current branding.
In October 2017, Campbell Dallas became part of the international accounting firm Cogital Group, which merged with Baldwins and Blick Rothenberg in England.
The headquarters of Cogital, headquartered in London, was established in 2016, with the acquisition of two companies in the UK and Nordic companies, and rapidly expanding.
His goal is to specialize in business support and outsourcing business processes for private companies.
Such consolidation reflects the value of the technology scale that is now needed for accounting and professional services, especially when the HMRC switches to digital submissions.
- Campbell Dallas and Springfords bought Baldwins
- Accounting company Campbell Dallas expanding Perth
Scott-Moncrieff argues that Scotland is the oldest accounting firm with a single client in the company since 1792.
It has 16 partners and 220 employees, and is specialized in public and charity clients, as well as in manufacturing and financial services. He has offices in Edinburgh, Glasgow, and Inverness and is an Adviser to audit Scotland.
Campbell Dallas is larger with more than 300 employees, working in offices in Aberdeen, Ayru, Edinburgh, Glasgow, Kilmarnock, Perth and Stirling.
It claims to have the strongest expertise in family business clients as well as rural, health, nutrition, brewery, distillation and construction.
"Scotland's largest VAT team"
Stewart MacDonald, Scott-Moncrieff's managing partner, said the job – without revealing value – "an exciting opportunity for customers and our people."
He said: "CogitalGroup leads the industry in using technology to deliver top-notch customer service, with the ability to quickly adapt to changing customer needs.
Chris Horne, managing partner Campbell Dallas, said: "Combined work will have the UK's largest Scotland team and provide access to specialist services in areas such as IT strategy and cyber security."
He added: "We are continuing to build a progressive and disruptive business on the rapidly changing market".