Archives for November 2015

WeiserMazars Receives Award from Center for Holocaust, Human Rights & Genocide Education

New York-based WeiserMazars (FY14 net revenue of $158 million) has been named the first recipient of the Corporate Leadership Award from the Center for Holocaust, Human Rights & Genocide Education (Chhange) in appreciation of the firm’s exceptional philanthropic initiatives and commitment to human rights.

The award was presented to James Blake, WeiserMazars MP, at the center’s testimonial dinner.

Victor Wahba

Victor Wahba

Victor Wahba, WeiserMazars CEO says, “WeiserMazars takes great pride in being a positive force in our communities. Our dedication to serving others, both as an organization and as individuals, is demonstrated by the contributions we make through our Philanthropic Fund including donating our time.”

Partner Howard Dorman, who Leads the WeiserMazars human rights initiative and serves on the Chhange board of directors as its current President, says, “We believe that collective responsibility is central to our mission. Working in innovative ways with a range of participants, from local communities to large corporations, we develop and implement solutions that better serve society. This includes our collaboration with Shift, a global not-for-profit, which resulted in the publication of the Human Rights Reporting and Assurance Framework. The Framework is the first comprehensive guidance for companies to report on how they meet their responsibility to respect Human Rights in line with the United Nations Guiding Principles on Business and Human Rights.”

“As one of the first accounting firms to develop global standards for human rights reporting and assurance, we are helping to improve respect for human rights throughout the world.”

The Center for Holocaust, Human Rights & Genocide Education at Brookdale Community College in Lincroft, New Jersey is a non-profit volunteer organization founded in 1979 to address human rights and civil rights worldwide. Chhange’s mission is to educate the community about the Holocaust and genocide, and provide programs that inspire and empower individuals to take action to eliminate racism, antisemitism and all forms of prejudice.

WeiserMazars has been a long-time supporter of Chhange.

Wahba concludes, “We are pleased to help the Center be a resource for supporting the elimination of racism, antisemitism and all forms of prejudice that damage societies. We believe that Chhange addresses these crucial issues, making a real difference for human and civil rights.”

Grant Thornton Grows Atlanta Forensic and Valuation Services Practice

Steven Kuzma

Steven Kuzma

Chicago-based Grant Thornton (FY net revenue of $1.4 billion) is growing its forensic and valuation services practice with the additions of Steven Kuzma and Joseph Galanti, who have been admitted as managing director and principal, respectively. Both will be based in Atlanta.

“Steve and Joe are widely respected and highly talented leaders whose wealth of experience across several different industry sectors will be an asset to our dynamic clients throughout the region as we continue to expand our practice,” says Brad Preber, national MP of Grant Thornton’s forensic and valuation services practice. “Their arrival highlights the firm’s continued commitment to building a comprehensive suite of forensic and valuation services capabilities.”

Kuzma has more than 35 years of experience providing Fortune 1000 company senior management teams, corporate boards, audit committees and large law firms with investigative services, corporate compliance services, financial, accounting and economic analyses, valuation assistance and complex commercial dispute resolution support. His experience spans a diverse range of industries, including retail, consumer and industrial products, financial services, healthcare, life sciences, entertainment, real estate agriculture, utilities and technology.

Most recently, Kuzma served as the Americas managing partner, global leader and Southeast region fraud investigation and dispute services practice leader at Ernst & Young LLP.

Galanti has more than 20 years of experience advising counsel and management on complex financial and accounting issues. He has extensive experience assisting clients as a damages specialist in lost profit, working capital and valuation disputes, fraud investigations and business interruption insurance claims.  He has helped policyholders recover hundreds of millions of dollars of insurance claims and he has testified as a damages expert in federal, state and international arbitration matters.

Most recently, Galanti was a managing director at Alvarez & Marsal global forensic and dispute services, where he focused on damages cases and insurance claims. Galanti has authored numerous articles and book chapters on fraud, dispute and insurance claim topics, including the Litigation Services Handbook (Wiley), Business Interruption: Coverage, Claims and Recovery (National Underwriter), and The Guide to Investigating Business Fraud (AICPA).

Balhoff Elected Board Member of IFAC

Bill Balhoff

Bill Balhoff

Bill Balhoff, MP and CEO of Baton Rouge, La.-based Postlethwaite & Netterville (FY15 net revenue of $53.2 million) was recently elected to serve on the board of the International Federation of Accountants (IFAC).

Balhoff will represent the accountancy profession for the United States in this global organization. He will join IFAC and professionals across the globe to support global economic growth and development. Balhoff is also former chair of the AICPA.

Welcoming the new board members, IFAC President Olivia F. Kirtley says, “Through our global membership, IFAC represents nearly 3 million professional accountants who work in the public interest to strengthen organizations and enhance the global economy. The new and re-elected Board members represent the depth and breadth of the profession’s talent, as well as its diversity.”

Jackson Thornton Admits New Principal

J. Adam Causey

J. Adam Causey

Montgomery, Ala.-based Jackson Thornton (FY14 net revenue of $27.6 million) announced that J. Adam Causey has been admitted as the firm’s newest principal.

Causey serves as a principal in the firm’s Montgomery office, where he has worked for more than 10 years. Causey specializes in tax and consulting services for closely held businesses and individuals. He recently joined Jackson Thornton Asset Management, where he will advise clients on wealth management strategies and planning.

Causey is a past president of the Jackson Thornton Young Professionals group and a former board member for the Alabama Society of CPAs and the Montgomery Museum of Fine Arts. He served as Treasurer of EMERGE, a program of Leadership Montgomery.

CohnReznick Admits Daniel to Partner

Bernadette Daniel

Bernadette Daniel

Bernadette Daniel has been admitted to partner in the Mid-Atlantic region of New York-based CohnReznick (FY15 net revenue of $575 million) in the firm’s tax practice and as a member of the affordable housing industry practice. She will be focused in the Mid-Atlantic region, serving clients in Baltimore and helping to expand CohnReznick’s presence in the Philadelphia area.

With more than 30 years of experience, Daniel has provided tax services to a variety of clients in the areas of real estate, not-for-profits, affordable housing, low income housing tax credits and historic tax credits. She specializes in tax-related issues facing not-for-profits and also has extensive expertise in tax planning for individuals and closely held businesses.

“Bernadette’s diverse tax experience will be a great asset to middle market businesses and not-for-profits alike,” says Mike Micholas, Mid-Atlantic Regional MP.

Prior to joining CohnReznick, she worked at national and regional public accounting firms. She frequently lectures on various tax-related policies and procedures including low income housing tax credits, cost segregation studies, the tax implications for not-for-profit organizations and tax considerations for S Corporations. Her articles have appeared in the Apartment Association of Greater Philadelphia’s Horizon Magazine and the Pennsylvania CPA Journal.

Honka Joins Grassi & Co. As Audit Partner

Ronald L. Honka

Ronald L. Honka

New York-based Grassi & Co. (FY15 net revenue of $45.6 million) admitted Ronald L. Honka to the firm as an audit partner in the financial services group based out of the Manhattan office.

Honka has more than 24 years of diversified experience in auditing, consulting and due diligence across a variety of industries and specializes in the asset management/alternative investments industry. Over the last 15 years, he has served a variety of financial services entities, including on and off-shore investment partnerships, commodity pool operators, fund of funds, master-feeders, registered investment advisors, private equity firms, venture capital firms and broker dealers.

His clients range from single fund start-ups to multi-billion-dollar, multi-fund complexes. As a result, he also has extensive knowledge and experience dealing with a diverse group of financial instruments.

“Ron’s areas of expertise, particularly in the financial services industry and hedge funds, make him a true asset to Grassi & Co.,” says MP and CEO Louis C. Grassi. “We have an extremely strong New York City presence and I am more confident than ever that by expanding our talent pool with great additions like Ron, we will reach our goal of doubling the size of the firm within five years.”

Janover Announces New Audit Partner

Dominic Rovano

Dominic Rovano

Garden City, N.Y.-based Janover (FY14 net revenue of $19.5 million) announced that Dominic Rovano has joined the firm as an audit partner in its New York City office.

Rovano has spent his career providing audit and attestation services to privately held and family-owned businesses, not-for-profit organizations and employee benefit plans.

Janover LLC’s MP Mark Goodman, says, “This is another example of us hiring the top young talent in the accounting industry. Dominic was highly sought after by many firms and we are fortunate that he chose Janover.

Janover LLC provides related professional services through two affiliates: JRF Asset Advisors LLC provides financial planning, and investment management services to corporate and individual entities and JRS Financial Services LLC provides contracted financial management services to emerging firms and financial service organizations.

Most Powerful Women in Accounting Announced By CPA Practice Advisor

CPA Practice Advisor has recognized the women accounting professionals who have had the most impact on the profession.

Nominations were open to the public on CPA Practice Advisor’s website www.CPAPracticeAdvisor.com, and the final selection of this year’s recipients was determined by the publication’s editorial staff and advisory board.

“These women are raising the bar for men and women alike in the accounting profession,” says Gail Perry, Editor-in-Chief of CPA Practice Advisor. “Not satisfied to go to work each day and merely do their jobs, these women are holding down multiple positions, donating their time, innovating, mentoring, speaking, writing. They are leaders in the best sense of the word.”

The awards were announced and presented at The Sleeter Group’s 2015 Accounting Solutions Conference, held Nov. 16–19 in Las Vegas.

The 2015 Most Powerful Women in Accounting are:

Elliott Davis Decosimo’s Internship Program Recognized as One of the Best in the Nation

Greenville, S.C.-based Elliott Davis Decosimo (FY15 net revenue of $101.6 million) has announced the firm was ranked second in the nation for best overall internships by Vault.com.

This is the third consecutive year that Elliott Davis Decosimo ranks as having one of the best overall internship programs in the nation and the second year in a row the firm has ranked second, higher than any other accounting firm.

Vault.com surveyed 5,800 current and former interns about their internship programs to determine an overall score for their experience, the firm announced. The internship experience was rated in five different categories including quality of life, compensation and benefits, interview process, career development and full-time employment prospects. These ratings were then averaged to determine an overall score from 1 to 10 for each program. Elliott Davis Decosimo received a score of 9.66, up from 9.51 in 2014.

The Elliott Davis Decosimo’s seven-week summer internship program, Envision, is designed to give participants an opportunity to explore potential career paths, build relationships throughout the firm and obtain valuable work experience in the public accounting field. During the program, students work with tax and audit clients, complete an intern project, contribute to the community and participate in leadership development activities.

“Our No. 1 goal is to recruit top students that wish to pursue our firm’s mission, vision and values,” said director of recruiting, Megan Wright. “Envision is designed to develop students and propel them onto a clearly defined career path within Elliott Davis Decosimo. The program focuses on developing important soft skills, such as teamwork, problem solving and adaptability, in addition to technical skills. As potential employees, our interns get a true sense of what it’s like to work at Elliott Davis Decosimo.”

Marcum LLP Merges with Smart Devine

New York-based Marcum (FY14 net revenue of $385 million) announced that it will merge in Philadelphia-based Smart, Devine & Company (FY14 net revenue of $15.5 million), effective Dec. 1.

Smart Devine is highly regarded for its comprehensive audit, tax, risk and financial advisory, litigation support and forensic accounting services, the firms announced. PCAOB-registered, Smart Devine serves publicly traded, privately held as well as not-for-profit clients across a broad range of industries. The firm was ranked among the top 25 accounting and management consulting firms in Philadelphia by Philadelphia Business Journal.

Approximately 75 partners and staff will join Marcum, and the firm’s two Pennsylvania offices, in Philadelphia and King of Prussia, will become part of the Marcum organization.

“We are privileged to welcome a firm with Smart Devine’s reputation for excellence and track record of success,” says Jeffrey M. Weiner, Marcum’s MP. “In Smart Devine we have found a team that shares Marcum’s commitment to superior client service and uncompromising professional skill. The synergies between our firms are already apparent, and we anticipate significant contributions from the Smart Devine team to Marcum’s continuing growth in the Philadelphia region.”

“Combining with a national firm of Marcum’s stature and reach is a natural progression for Smart Devine,” says James J. Smart, founder and CEO of Smart Devine, who joins Marcum in the newly created position of PIC of mergers and acquisitions. “The depth of Marcum’s expertise and service offering will be a significant new asset for our clients, and we look forward to working with our new partners on a mutually beneficial future.”

The merger is the second this month for Marcum. Earlier this month, the firm announced a merger with Frost, Ruttenberg & Rothblatt in the Chicago area, the first expansion for the firm into the Midwest.