Search Results for: ARMANINO

Armanino COVID-19 Tracking Tool Moves to Phase Two

Following an initial launch in May, San Ramon, Calif.-based IPA 100 firm Armanino LLP has rolled out an upgraded iteration of its COVID Recovery Tracker tool, which captures county-by-county COVID-19 case trends in real time to get sense of where there are increases in infections versus areas in decline or holding steady. Phase two adds pertinent foot traffic, home versus away and transportation data to the tool, providing users with a more detailed view of rolling new cases, state guidance updates and traffic patterns as parts of the country reopen for business.

Foot traffic data is measured by location type, including everything from airports and hotels to office spaces and child day cares to bars, restaurants and retail spaces. The home versus away tracker uses GPS ‘pings’ from anonymous mobile devices to measure if people are staying at home (the nighttime location of the device), or when out, how long they are away from home. And the new transportation tracker uses driving, walking or mass transit data to detect trends in how people are moving from place to place.

More news from Armanino

Armanino Teams With Tugboat Logic on Security Audit Process

San Ramon, Calif.-based Armanino LLP, an IPA 100 firm, is partnering with security assurance company Tugboat Logic to provide an integrated, streamlined and expedited security audit process.

The goal is to better ensure the required independence between the entities conducting audit readiness and audit examination in third-party attestations such as SOC 2 and ISO 27001 by offering a coordinated process that allows for a smoother handoff between readiness and the examination, while also maintaining the integrity of checks and balances.

Tugboat helps organizations with the “readiness phase” of the audit process with an automated risk assessment survey, a centralized operations readiness dashboard for policies and controls and a suite of third-party integrations and modules that continuously gather evidence in support of the audit. Armanino then reviews this information and collaborates with the client remotely via an integrated platform to clarify and confirm what evidence has been submitted, what evidence was accepted and what evidence tasks require more information.

“One of the main factors that delay audits is our clients suffering in silence since they may not understand some of the evidence requests from the auditor,” says Armanino partner Liam Collins. “With Tugboat Logic, Armanino auditors can prevent this by having a real-time dashboard of the audit progress, and a simple way for our clients to ask questions to our auditors when they are unsure of a request. This helps speed up audits by up to 50%.”

More news from Armanino LLP

Armanino Rolls Out COVID-19 Tracking Tool

As businesses in many areas begin formulating plans for a gradual return to physical workspaces, San Ramon, Calif.-based Armanino LLP (FY18 net revenue of $267.2 million) has introduced the new COVID Recovery Tracker tool.

The free tool captures county-by-county COVID-19 case trends in real time, tracking over a 3-, 7- or 14-day period to get a sense of where there are increases in infections versus areas in decline or holding steady. The tool also allows for customizable county filtering to capture only the specific data a particular user may need.

The firm plans to add more features in the coming weeks including traffic mapping at various locations such as retail establishments, malls, restaurants, airports and more – as well as a compendium of which business locations are open or plan to open versus those that are still closed, and overall trends by industry vertical.

More news from Armanino LLP

New Partner Joins Tech Industry Practice of Armanino

Matt Fricke

San Ramon, Calif.-based Armanino LLP (FY18 net revenue of $267.2 million) has announced that tax expert Matt Fricke has joined the firm as a partner.

Fricke joins the firm’s corporate tax practice with more than two decades of experience navigating the complex tax issues affecting technology companies, from intellectual property and offshore planning structures to domestic credits and incentives.

“Matt’s understanding of the unique challenges and opportunities faced by clients in the technology industry allows him to make an immediate impact at Armanino,” says Matt Armanino, CEO of Armanino LLP. “We are always focused on working with clients to look beyond an immediate engagement and having experts like Matt means we can provide clients with the insights needed to prepare for a constantly shifting market landscape.”

Armanino’s technology accounting and consulting practice provides guidance in strategic tax planning, equity, intellectual property, R&D tax credits, valuation, SOC and SOX compliance, and many other issues. As the firm’s largest industry group, the technology team works with companies at every stage of development.

“With technology companies facing new challenges, from subscription-based accounting issues in the software sector to supply chain disruptions, it is critical to have a partner versed in providing the best solutions for each unique engagement,” the firm says.

Fricke specializes in tax accounting of public companies, venture-funded corporations and startup entities. He is versed in corporate deferred tax accounting and tax reserve analyses, mergers and acquisition accounting, tax attribute analyses, tax internal controls and domestic compliance.

He joins Armanino from Alvarez & Marsal, where he was a managing director. Prior to that, he was the co-lead partner at Clifton Douglas and he held roles at PwC and Deloitte.

More news from Armanino LLP

Armanino Adds 11 New Partners for 2020

San Ramon, Calif.-based Armanino LLP (FY18 net revenue of $267.2 million) has announced the admission of nine new firm partners as well as two new partners joining the firm.

This new group of partners includes professionals in tax, audit, risk assurance and advisory and consulting practices across six offices throughout California, Texas and Washington.

“The new partners are a phenomenal group of people who always find new ways to drive value for clients and serve as effective team leaders,” says CEO Matt Armanino. “They truly embody the firm’s core values of innovation, entrepreneurism and positive energy. Most exciting is that they represent the firm’s growth in a variety of geographies and service lines where they have created opportunities and made an impact on the firm.”

Nearly all the new partners participated in the firm’s partner track program, which identifies, educates and mentors potential partners. In addition, the firm’s “transparency to partnership” education track focuses on educating all levels of the firm about the expectations, qualifications and benefits to pursuing partnership.

New firm partners include:

  • Todd Bishop, risk assurance and advisory service partner, who works remotely and helps lead the internal audit, SOC and SOX teams.
  • Katy Brown, tax partner, works from San Ramon and focuses on serving nonprofits and works with exempt organizations in a variety of capacities.
  • Peter Burns, audit partner, works from San Francisco and serves the technology industry providing assurance and auditing services.
  • Jon Chin, audit partner, works from San Jose, Calif., in audit and business consulting, primarily in the technology industry.
  • Jarrett Ganan, tax partner, is based in the west Los Angeles office, and specializes in partnership tax compliance, business structures and transactions, focusing on the cannabis, entertainment and high-net-worth sectors.
  • David Greenamyre, tax partner, is located in San Jose, Calif., and specializes in corporate taxation with a focus on ASC 740 income tax accounting and theory in the technology, hospitality and consumer product goods industries.
  • Ryan Guyton, tax partner, works from Dallas, and serves privately held businesses with income and estate tax planning, wealth transfer and succession planning, merger and acquisition consulting and other business advisory services.
  • Isaac Peace, audit partner, works from Dallas and focuses on audit, attestation, internal controls and business advisory in the technology, real estate and financial services industries.
  • Eric Thomas, consulting partner based in San Ramon, serves nonprofit and for-profit organizations on finance and accounting needs and digital transformation.

New partners joining the firm:

  • Rich Asiodche, audit partner, Seattle, works with life sciences, technology and emerging growth companies, advising on mergers and acquisitions, financial statement audits and integrated audits.
  • Mike Goral, tax partner, leads the cannabis tax practice from the west Los Angeles office. He advises cannabis clients on a broad range of issues and provides guidance on cannabis technology, manufacturing, transportation and retail issues.

More news from Armanino

Armanino Creates Game-Changing Technology To Deliver Real-Time Attestation Service

San Ramon, Calif.-based Armanino (FY18 net revenue of $267.2 million) has created the world’s first application of real-time attest.

Using blockchain technology, Armanino created TrustExplorer 2.0, which reduces attestation reporting from 30 days to 30 seconds and is the first step to developing real-time audit.

“For years, thought leaders have predicted the future arrival of real-time auditing capabilities, and now Armanino has accomplished the world’s first business application of this theorized innovation,” says CEO Matt Armanino. “This breakthrough is a catalyst that will lead to the widespread development and adoption of real-time auditing, and offers a transformational improvement over the current audit practices.”

Armanino tells IPA that TrustExplorer is an example of what the profession should be doing to take advantage of disruptive technologies. “This is an incredible opportunity to change ourselves,” he says. “Embrace it with a sense of fearlessness.”

The TrustExplorer 2.0 tool will allow users to download a report, backed by the firm’s opinion and in compliance with attest examination standards. The innovation solves some of the biggest issues with reporting as it exists now: reports are historical and stale by the time they are issued, they are not widely available and methods of collecting data are time-consuming.

The first license to Armanino’s TrustExplorer platform was granted to TrustToken, the world’s fourth largest stablecoin issuer. TrustExplorer supports public blockchain nodes to obtain audit evidence for the TrueUSD stablecoin.

“TrustExplorer 2.0 serves as our roadmap for how to take immutable tamper-resistant systems like blockchains, and harness them to provide attestation opinions both in real-time and with accuracy that cannot be contaminated by human error,” says Andries Verschelden, partner and blockchain practice leader at Armanino. “This is a clear-cut example of how blockchain technology is already changing business processes to optimize accuracy, security and speed.”

More news from Armanino

Great Northern Advisory Team Joins Armanino

Caroline Stovall

San Ramon, Calif.-based Armanino (FY18 net revenue of $267.2 million) has announced that Great Northern Advisory, a financial consulting firm in Dallas, has joined the firm.

Founder Caroline Stovall has been admitted as a partner to lead the firm’s CFO advisory practice, effective Nov. 1. The Great Northern Advisory team is made up of 15 consultants with decades of experience in a variety of Big 4, consulting and operational roles, including as CFOs and controllers.

CEO Matt Armanino says the firm is committed to expanding the practice. “The Great Northern Advisory team brings deep expertise in health care, accounting process transformation, system implementations, acquisition integrations, interim financial management, accounting support, private equity and transaction advisory services that perfectly complement our CFO advisory practice.”

The Great Northern Advisory team will be based in Armanino’s Dallas office.

“Armanino is a great fit for our team, because the firm recognizes the importance of a strategic CFO organization – something that is at the core of our practice,” Stovall says.

More news from Armanino

Andy Armanino to Step Into Chair Role at Moore Global

Andy Armanino

Richard Moore has announced that he intends to step aside after 15 years as chair of Moore Stephens International, now Moore Global, and Andy Armanino will succeed him starting Jan. 1.

Armanino, the former CEO and MP of San Ramon, Calif.-based Armanino LLP (FY18 net revenue of $267.2 million) is currently a member of Moore Global’s board.

During Moore’s period as chairman, the network has grown its combined revenues significantly and extended its coverage to more than 110 countries. He will remain an active member of the network through Moore Family Office Limited, where he specializes in advising international private client families.

“We are now an organization of true global capability, with a reputation for quality and differentiated client service,” Moore says. “I am personally delighted that Andy will succeed me in the role. He is an individual with great compassion, drive and vision, and a global perspective on how the role of professional service firms must evolve and adapt.”

Armanino says that Moore’s grandfather started the original Moore firm in London more than a century ago. “The organization is well positioned to meet the main challenges facing our profession as we look ahead: sustaining the talent pool that we need to grow our future leaders and innovators; and, as our business capabilities improve because of a world made faster and smaller through technology and data, we must ensure it is clients, first and foremost, who benefit from our ability to enhance our already strong international expertise and global resources.”

More news from Moore

Armanino Begins Accepting Cryptocurrency Payments

San Ramon, Calif.-based Armanino (FY18 net revenue of $267.2 million) is accepting payment in more than 1,000 cryptocurrencies, including Bitcoin, Ethereum, XRP, Litecoin and many other altcoins.

Armanino is also offering the firm’s proprietary block explorer and associated audit tools to clients, who include virtual currency exchanges, custodians and blockchain companies. Block explorer works with top public blockchains to analyze transaction and wallet details as well as digital signature validation tools to obtain independent and credible audit evidence, giving clients the most powerful and trustworthy platform for successful audits.

“With more fintech companies, banks and brokerages exploring ways to mainstream cryptocurrency, it made sense for Armanino to build the infrastructure necessary to accept cryptocurrency payments for what we expect to be a growing form of payment,” says partner Andries Verschelden, blockchain practice leader.

He adds, “As digital asset use and adoption increases and new types of transactions are made, such as security token offerings (STO) on public blockchains, the need for third-party assurance tools continues to grow. That’s where our block explorer and associated tools are already proving value to our internal teams and our clients alike.”

Armanino offers a breadth of industry-specific solutions to the blockchain and cryptocurrency communities. The firm has implemented a crypto onboarding service that includes preparing and consulting clients on the best practices, as well as the means to perform transactions in the new digital asset economy.

More news from Armanino LLP

Armanino Opens Denver Office

San Ramon, Calif.-based Armanino (FY18 net revenue of $267.2 million) announced that it has opened the doors of its new downtown Denver office, further expanding the firm’s footprint.

The Denver team works with experts across the firm’s 13 offices throughout California, Washington and Texas.

“Armanino works with many Denver- and Colorado-based businesses. With a steady increase in engagements in the region and a rapidly growing economy, we saw this market as a natural expansion,” says CEO Matt Armanino. “Denver has long been a gateway to the West, making it a key market for many of the firm’s industry specialties and a region with a strong talent pool to draw on.”

The distribution, manufacturing and technology sectors together make up nearly half the region’s GNP, while its cannabis industry is expected to grow 32% in the next four years. In addition, Colorado’s startup activity is ranked fifth in the nation, the firm reports.

Manufacturing, tech and distribution companies must deal with complex issues such as revenue recognition, ASC 606 compliance, valuation, state and international tax, and SOX compliance. Armanino offers a variety of solutions, including outsourced accounting and finance, corporate tax, audit and technology consulting.

Earlier this year, the firm launched its cannabis practice to provide help for common cannabis business IRS issues and financial checks needed by investors.

More news from Armanino