DHG Admits Moses as Partner in Nashville’s Tax Practice

Eric Moses

Eric Moses

Charlotte, N.C.-based Dixon Hughes Goodman (FY17 net revenue of $404 million) admitted Eric Moses as a partner. Moses recently relocated from DHG’s Atlanta office to the Nashville, Tenn., office, where he will focus on the growth of DHG’s tax practice in the market.

Since joining the firm in 2005, Moses has concentrated on tax consulting and compliance with a focus on the manufacturing and agribusiness industries. He assists privately held corporate and flow-through entities and their shareholders with income tax planning, financing and recapitalization strategies, mergers and acquisitions, and succession and estate planning.

“Eric is an exceptional leader who is keenly focused on working as a team to deliver comprehensive solutions,” says Dennis Vick, tax MP. “His passion for the industry and his innovative approach to serving his clients makes him well-suited for this significant milestone in his career.”

“Eric’s leadership will be an asset to our team and our clients as we continue to pursue our mission of building valuable careers with our people and helping our clients achieve their goals,” says Paul Hopkins, Nashville OMP.

Deloitte Targeted by Cyberattack

New York-based Deloitte (FY16 net revenue of $17.5 billion) has been targeted by a sophisticated hack that compromised the confidential emails and plans of some of its blue-chip clients, according to the Guardian.

Deloitte discovered the hack in March this year, but it is believed the attackers may have had access to its systems since October or November 2016.

According to the Guardian, the hackers had potential access to:

  • Usernames and passwords
  • IP addresses
  • Architectural diagrams for businesses
  • Health information
  • Email attachments with sensitive security and design details

The breach, which is believed to have been U.S.-focused, was considered so sensitive that only a few of Deloitte’s most senior partners and lawyers were informed.

Deloitte’s internal review into the incident is ongoing. The team investigating the hack is working out of the firm’s offices in Rosslyn, Va., where analysts have been reviewing potentially compromised documents for six months.

So far, six of Deloitte’s clients have been told their information was affected by the hack.

A Deloitte spokesman has stated:

In response to a cyber incident, Deloitte implemented its comprehensive security protocol and began an intensive and thorough review including mobilizing a team of cybersecurity and confidentiality experts inside and outside of Deloitte.

 As part of the review, Deloitte has been in contact with the very few clients impacted and notified governmental authorities and regulators. The review has enabled us to understand what information was at risk and what the hacker actually did, and demonstrated that no disruption has occurred to client businesses, to Deloitte’s ability to continue to serve clients, or to consumers.

 We remain deeply committed to ensuring that our cybersecurity defenses are best in class, to investing heavily in protecting confidential information and to continually reviewing and enhancing cybersecurity. We will continue to evaluate this matter and take additional steps as required. 

Walthall CPAs and Rea & Associates to Merge

New Philadelphia, Ohio-based Rea & Associates Inc. (FY16 net revenue of $40.6 million) will merge with the Cleveland-based Walthall CPAs, effective Nov. 1. The merger will feature a team of more than 300 professionals who serve clients from 13 offices across the state of Ohio.

“When you look at how long Walthall has been around, where the firm is situated in the state and their strong community-minded and client service-focused culture, bringing our two firms together just makes sense,” says Don McIntosh, CEO of Rea & Associates.

“If you’ve worked with the Walthall team in the past, you’ll be glad to learn that this merger will have no impact on your fees or on the quality of service,” says Richard Lash, MP of Walthall. “Our client service teams will stay intact and you will continue to receive the stellar service we’ve always taken great pride in providing. Only now, we will be able to offer a wider array and greater depth of services.”

Huffman of Frazier & Deeter Receives 40 Under 40 Award

Clay Huffman

Clay Huffman

Clay Huffman, a senior manager at Atlanta-based Frazier & Deeter (FY16 net revenue of $74 million), has been named by the CPA Practice Advisor as a recipient of the 2017 40 Under 40 Award. Huffman was selected because of his track record as a leader within the accounting industry.

40 Under 40 Awards recognizes and honors young leaders who are helping to positively shape the accounting and tax profession.

“Clay Huffman has demonstrated exceptional leadership within Frazier & Deeter, the community and the accounting industry,” says Seth McDaniel, MP.

Huffman started practicing public accounting in 2007 with a Big 4 firm, after receiving his BBA and MAcc from the University of Georgia. In 2012, he joined the audit practice of Frazier & Deeter, where he focuses on clients in manufacturing, distribution, construction, aviation and professional services.

During Huffman’s time at Frazier & Deeter, he has been recognized by clients and colleagues for his level of excellence in client service and willingness to go the extra mile for his clients and firm. In 2015, Clay was appointed by Georgia Governor, Nathan Deal, to serve on the Georgia State Board of Accountancy, where he currently serves as vice chair.

“We are fortunate to be surrounded by so many young professionals who are sharing their ideas, skills, and enthusiasm with the goal of making the accounting profession a better place. Change is occurring rapidly in our profession and this year’s award winners are embracing and welcoming the changes,” says CPA Practice Advisor Editor-in-Chief Gail Perry. “They are strong, dedicated, spirited leaders and we are proud to recognize these professionals as the 2017 ’40 Under 40 in the Accounting Profession.

Crowe Horwath Acquires Rowbotham International

Chicago-based Crowe Horwath (FY17 net revenue of $809.5 million) will acquire San Francisco-based Rowbotham International on Oct. 30. Crowe will welcome Rowbotham’s four partners and 20 professionals people and incorporate its operations.

Rowbotham provides a full range of domestic and international tax and audit compliance services, as well as advisory services. Its professionals include accountants, attorneys and consultants. The firm has industry experience in information technology, software, bio technology, real estate, distribution, hotel and leisure services, media, financial services and entertainment.

“Rowbotham’s focus on international markets is a great fit for our continued expansion as a global firm,” says Crowe CEO Jim Powers. “Crowe’s brand promise is to help our clients and our people make smart decisions to create lasting value. With the global market continuing to grow, this is definitely a smart decision that we believe will build lasting value for the future.”

“Crowe is making a major commitment to expanding its California presence and was fortunate to find one of the top tax boutiques in the country in Rowbotham,” says Allan Koltin, CEO of Koltin Consulting Group, who (along with Chris Frederiksen) advised both firms on the combination. “Rowbotham was approached by approximately a half dozen national and mega regional firms and in the end selected Crowe for it’s great culture, leadership, innovation and global network.”

PCAOB Flags Increased Number of Audits at Crowe Horwath

According to Compliance Week, after several years of improvement, Chicago-based Crowe Horwath (FY17 net revenue of $809.5 million) saw an increase in adverse findings in its latest regulatory inspection.

The PCAOB examined parts of 15 different audit files at Crowe Horwath during its 2016 inspection and found problems in five of them for a 33% deficiency rate. In its 2015 inspection of the same firm, the board noted problems with only three of 14 audits, or 21%. That rate was the lowest for Crowe Horwath and for the eight largest audit networks that year, Compliance Week reported.

The PCAOB said that its 2016 review of all five of Crowe Horwath’s audits revealed problems with the audit of internal control, but only two of the five also contained errors in the audit of financial statements. In total, PCAOB found 20 different mistakes.

“The firm had the greatest difficulty with testing the design or operating effectiveness of controls selected for testing and with checking the accuracy and completeness of reports or data produced by the issuer,” Compliance Week reported

In a letter attached to the report, Crowe Horwath says it has taken action to address each of the concerns raised in the inspection. “While we are pleased with the overall trend of improvement in our inspection results over the past several years, we are not content with the level of deficiencies in the 2016 report,” says Mark Baer, MP of Crowe Horwath’s audit services group. “We will continue to use this constructive feedback to enhance our audit processes, procedures and training.”

Warren Averett Promotes Harry to COO

April Harry

April Harry

Birmingham, Ala.-based Warren Averett (FY16 net revenue of $124.4 million) promoted April Harry to chief operations officer. Effective immediately, Harry replaces Mary Elliott, who is transitioning into the CEO role, effective Jan. 1, 2018.

“April has been an integral part of Warren Averett’s Operations Board since its creation in 2012,” says Elliott. “It was a natural move to promote April to lead our operations team. She is a strong leader, and will continue to add value to the improvement of processes, policies and procedures.”

Harry currently serves as the chief financial officer where she manages reporting, budgeting, risk management, treasury management and performance reporting. She will continue in this role and act as both CFO and COO.

Wipfli Admits 13 New Partners

Milwaukee-based Wipfli (FY17 net revenue of $274.8 million) admitted 13 professionals to partnership.

Chris Blaylock was admitted as an audit partner in the manufacturing and distribution practice in La Crosse, Wis. In his role, Blaylock assists middle market clients with financial accounting and reporting matters and related business considerations. He is also a leader of Wipfli’s research and development tax credit service line.

Michael Carlson was admitted as an audit partner in the financial institutions practice in St. Paul, Minn. For more than 17 years, Carlson has focused on serving community banks and credit unions. In his current role, he provides a range of services to financial institutions from audits and SOC attestation engagements to loan reviews, while specializing in FDICIA consulting and mergers and acquisitions.

Karl Eck was admitted as an audit partner in the nonprofit and government practice in Madison, Wis. Eck has more than 17 years of experience in working with grant-funded nonprofit organizations, providing audit, consulting and training services. He also provides training on various topics at Wipfli’s annual national conferences, as well as webinars specific to indirect cost rate agreements.

Mark Elliott was admitted as an audit partner in the manufacturing and distribution, and construction and real estate practices. He is based in Rockford, Ill., and has more than 20 years of experience. Elliott specializes in assisting manufacturers, wholesalers, distributors, contractors and other closely held businesses manage various aspects of their businesses.

Scott Hanson was admitted as a tax partner in Duluth, Minn. Hanson has more than 15 years of public accounting experience working with closely held businesses, individuals, and estates and trusts. He specializes in income tax planning and compliance for C corporations, S corporations and LLCs, valuation, merger and acquisition services, and estate taxation and trust income taxation.

Jim Hyland was admitted as an audit partner in the health care practice in Milwaukee. Hyland has more than 17 years of experience in public accounting with a focus on conducting and managing financial statement audits for health care organizations. He has specialized in attestation services to health care clients, as well as tax-exempt financings, risk assessment, and internal control improvements and employee benefit plan audits.

Tammy Jelinek was admitted as a consulting partner in the nonprofit and government practice in Madison, Wis. With more than 25 years of experience working in and with nonprofit organizations and for-profit businesses, Jelinek is active in client education and serves as a contact for clients to the range of consulting services and trainings.

Paul Johnson was admitted as a risk advisory and forensic services partner in St. Paul, Minn. Drawing from more than 20 years in the IT and information security fields, Johnson is a member of Wipfli’s risk advisory services practice, where he works with clients to assess, improve and test their information security and risk management programs. He also helps clients determine their compliance with health care security requirements including HIPAA and HITRUST.

Holly Kohl was admitted as an audit partner in the manufacturing and distribution practice. She is based in Wausau, Wis. With more than 18 years of experience, Kohl has experience working with manufacturing and commercial clients providing audit and accounting services. As a leader in the employee benefit plan audit practice, Kohl develops and provides internal training, as well as ensures the quality of employee benefit plan audits in accordance with the most current Department of Labor requirements and accounting and reporting standards.

Sara Mikuta was admitted as a risk advisory and forensic services partner in the financial institutions practice in Westchester, Ill. A 30-year banking industry veteran, Mikuta leads the financial institutions practice’s risk advisory and forensic services team that solely focuses on serving the financial institutions industry. Her team is responsible for the development and delivery of internal audit services, regulatory compliance examination services, loan portfolio services, information technology services, and fiduciary and trust services for banks and credit unions.

Kevin Paul was admitted as a tax partner in Media, Penn. With more than 15 years of experience, Paul specializes in individual, family entity, trust, estate and gift tax compliance, planning, and consulting for high-net-worth individuals and their families. He assists various types of businesses and individuals with financial, insurance and investment management planning consulting services.

Ryan Risley was admitted as a technology consulting partner in the information technology group in Reston, Va. Risley is a member of the technology consulting practice and leads the chief information officer (CIO) advisory services practice. In his role, Risley helps CIOs and other chief executives align business strategy.

Matt Rowley was admitted as a technology consulting partner in the information technology group in Reston, Va. He is a member of the technology consulting practice and leads the intellectual property development practice. In his role, he has built and led client service teams that drive financial, operational and process improvement transformations.

UHY Expands Michigan Footprint with Ann Arbor Office

Chicago-based UHY (FY 16 net revenue of $126.8 million) opened its fourth Michigan office in Ann Arbor.

“Being in Ann Arbor will help us recruit and retain top young talent which will ultimately lead to sustainable growth for our firm for years to come,” says Tom Callan, MP and CEO of UHY Advisors. “The move comes three years after opening our Detroit office and on the heels of the Michigan practice’s 50th anniversary (in 2018), marking another milestone in the development of our firm.”

Jerry Grady, Ann Arbor OMP says, “We’ve been wanting to do this for quite a while. The time is right, our location is ideal, and our whole team is excited for this new venture. Having a presence in Ann Arbor will allow us to enhance our service capabilities even further and better serve our clients in the surrounding areas.”

BDO USA Names Anthony Reh as Atlanta Assurance OMP

Anthony Reh

Anthony Reh

Chicago-based BDO USA (FY17 net revenue of $1.4 billion) has named Anthony Reh as assurance OMP for the Atlanta office.

In this role, Reh will be responsible for overseeing the growth of the office with a continued focus on exceptional client service, management of professionals and strengthened relationships in the local community. He will also continue to service both public and private clients in a number of industries including technology, manufacturing, distribution, retail and nonprofit.

“Anthony is an ideal candidate for Assurance Office Managing Partner,” says Paul Heiselmann, Southeast Region MP. “He is a recognized leader in his field and his extensive experience makes him an invaluable asset to the firm.”

Reh has more than 15 years of experience helping clients navigate complex transactions including mergers and acquisitions, recapitalizations and reorganizations. He routinely assists with the application of complex accounting and reporting issues.