EisnerAmper CEO Discusses Economic Relationship with U.K. Secretary of State

Charles Weinstein

Charles Weinstein

Charles Weinstein, CEO of New York-based EisnerAmper (FY17 net revenue of $352.6 million), together with a group of business leaders, met with Liam Fox, U.K. Secretary of State for International Trade, to examine ways in which to strengthen the U.K. – U.S. economic relationship.

The roundtable discussion featured representatives from Fortune 500 companies across a variety of industries and focused on issues such as talent mobility, capital formation, tariffs and trade.

“The roundtable discussion was the forum for an exchange of many great ideas with The Rt. Hon. Liam Fox MP and the other distinguished CEOs,” says Weinstein. “Our two nations clearly have a long, mutually beneficial commercial history. And it’s exciting that there are a host of 21st century opportunities ahead of us.”

KPMG Selects 135 Individuals for Master of Accounting with Data and Analytics Program

The 135 participants in a program developed by New York-based KPMG LLP (FY16 gross revenue of $8.6 billion) will receive full tuition funding, an internship on a KPMG audit or tax team, and a full-time position upon graduation with KPMG through an advanced entry program.

“Future business leaders must be able to harness and analyze the data in a company’s tax filings to help increase efficiency, reduce risk and create value across an entire organization,” says Jeffrey LeSage, Americas vice chair of tax. “This program provides them with hands-on experience with D&A and the opportunity to build advanced skills they can bring to our clients.”

KPMG collaborated with the Ohio State University Max M. Fisher College of Business and the Villanova School of Business to launch the program in 2016. A year later, KPMG expanded the program to nine schools, increased the number of scholarships to 135 and added a tax component. KPMG provides each school with access to proprietary KPMG technologies that integrate easily into its academic programs.

“We’re matching new technologies to audit professionals who must be future-ready and know how to use these new tools effectively,” says Frank Casal, KPMG vice chair of audit. “These talented individuals have a thirst for learning and critical thinking skills, exactly the characteristics needed in this environment of tremendous change and disruption and to deliver high quality audits.”

Rehmann Acquires Managed IT Solutions Practice

Troy, Mich.-based Rehmann (FY16 net revenue of $115 million) acquired Grandville, Mich.-based Trivalent Group, a managed IT service provider, effective April 1.

Trivalent Group provides managed services and other IT solutions to more than 700 clients and specialize in managed services, managed cloud, cyber security, managed networks and business continuity.

“As the world becomes increasingly technology-driven, Rehmann is focused on staying ahead of our clients’ needs and helping them thrive long into the future,” says Randy Rupp, Rehmann CEO. “The addition of Trivalent Group will bring more core business solutions under one roof, allowing us to holistically serve our clients and help them reach their business goals.”

“We are thrilled to partner with Rehmann, and in doing so, we are maintaining the core values essential to our success – a focus on community and exceptional client service,” says Larry Andrus, Trivalent Group CEO. “Together, we will bring insightful, complementary ideas to the table, helping clients meet future demands while keeping their greater business mission in mind.”

Marcum Launches Robotic Process Automation Service for Clients

New York-based Marcum (FY16 net revenue of $449 million) launched a new service utilizing “bot” technology to automate repetitive manual processes and streamline many data-driven functions for its clients. Marcum’s new robotic process automation (RPA) service leverages the firm’s internal experience utilizing bot technology, to help clients reduce their operating costs and improve efficiency.

RPA can be implemented across a wide variety of applications and systems, deploying a “virtual workforce” of bots to perform tedious functions that are time-consuming and prone to human error. Some of the functional areas well-suited to process automation include accounts payable processing, data entry, human resources onboarding, inbound lead processing, report generation and distribution, and web data retrieval.

“In addition to eliminating manual tasks that employees would otherwise spend hours to complete, RPA frees valuable staff to be deployed to other functions requiring human judgment and innovation. It is also a practical and cost-efficient alternative to outsourcing,” says Robert Drover, a principal in the advisory services division and leader of the national process improvement practice. “RPA has limitless scaling capabilities and delivers real and measurable return on investment. In some cases, clients can recoup their initial investment in as little as a few months.”

Marcum’s robotic process automation services cover all stages of development and implementation, including:

  • Robots as a Service
  • Business Process Improvement
  • Robotic Process Development
  • RPA Consulting Services

“Robotic process automation is a must-have in any forward-looking digital portfolio. The continual acceleration of functionality in RPA solutions and the convergence with robust application programming interfaces, or APIs, enables significantly greater efficiency in today’s digitally driven office,” says Peter Scavuzzo, chief information officer and partner. “Given our success with robotic automation and other new technologies in Marcum’s business, the next logical step is to share our expertise with our clients to assist in their own digital transformation.”

“Robots operate 24 hours a day, 365 days a year, and never take breaks, vacations or sick days. They can be executed by a scheduler at pre-determined times, or they can be triggered to execute in response to defined events such as the arrival of email or text messaging and, soon, voice-activated commands,” says Drover. “In addition, we can simulate user interaction to enable bots to ‘read’ error messages and adapt to ‘fix’ problems presented on-screen, to keep processes moving. Continued advancements in cognitive computing will only further enhance this capability.”

RSM’s Kastenschmidt Assumes New Consulting Roles; Brackett to Lead Risk Advisory Services

Rob Kastenschmidt

Rob Kastenschmidt

Chicago-based RSM US (FY17 net revenue of $2 billion) announced Rob Kastenschmidt will assume two new key consulting roles within RSM and John Brackett will take on the role of risk advisory services (RAS) national leader.

Kastenschmidt is moving from his position as national leader for RAS to assume responsibility for the continued strategy, design and rollout of best practices, methodology, and delivery for RSM consulting worldwide. He will work closely with the firm’s key leaders across the globe on new strategic concepts and will continue to lead the RSM delivery center.

As RSM continues to expand its consulting practice in Texas, Kastenschmidt will also assist with the execution of the firm’s growth strategy in the state. In this role, he will collaborate with the region’s leaders to drive consulting services in the market.

John Brackett

John Brackett

“Rob will play a pivotal role as we capitalize on this tremendous opportunity to continue to expand our consulting practice, both in the Texas market and globally,” says Brian Becker, national consulting leader. “His breadth and depth of knowledge gained from leading our national risk advisory services practice will be invaluable as we implement and execute these important growth strategies that build on the firm’s consulting strength.”

In Brackett’s new role as national leader for RAS, he will assume the responsibility of driving the overall strategies for the practice.

Brackett brings more than 20 years of experience to the role, including six years as RAS leader in the Southeast. He was also recently appointed to serve as consulting leader for the Southeast region.

“I am confident that John will do an excellent job leading the team, creating opportunities for our employees and guiding our clients on the most critical issues affecting their businesses,” says Becker. “His deep consulting expertise, strong enterprise leadership and client-centric focus will make him an ideal RAS team leader.”

BDO Acquires Casterline Associates

Chicago-based BDO USA (FY17 net revenue of $1.4 billion) acquired Casterline Associates of Valley Forge, Pa., which expands their public housing authority (PHA) practice.

Founded in 1995, Casterline provides accounting, financial consulting, strategic planning, information technology and other services to PHAs around the country. This transaction will bring 9 staff to BDO.

“We are extremely pleased to build on our existing presence with public housing authorities and the department of housing and urban development by adding these highly-valued resources to our national practice. Casterline has been working with PHAs throughout the United States for more than 30 years – which is a testament to the quality insight and advice they bring to each client relationship,” says Brian Alten, national leader of BDO USA’s PHA practice.

“Casterline Associates has built a long history of serving the public housing community as a trusted advisor for achieving financial and operational improvement. By joining BDO, we will leverage the firm’s national brand and resources to build on that strong tradition to reach the next level of growth,” says Jason Casterline, president and founder of Casterline Associates. “Clients will continue to receive the close personal attention that they have come to expect from the Casterline team, but now they will have access to a wider array of solutions and the deep resources of BDO.”

Marcum Welcomes Biscotti as National Food and Beverage Services Leader

Louis Biscotti

Louis Biscotti

New York-based Marcum LLP (FY16 net revenue of $449 million) welcomed Louis Biscotti national leader of the food and beverage services group.

Biscotti has guided numerous companies in various sectors of the industry through their development from small emerging entitles into large, high-value organizations. He is known as an entrepreneur and mentor, having founded a series of best practice forums for food and beverage executives which attract senior management from across the industry annually.

“Lou Biscotti is a highly respected leader in the food and beverage industry, deeply experienced in the dynamics of corporate growth and profitability. His entrepreneurial approach to business is analogous with Marcum’s, and we are extremely pleased to welcome him to the firm,” says Jeffrey Weiner, Marcum’s chairman and CEO.

WithumSmith+Brown’s Digital Solutions and Services Group Welcomes Williams

Fabian Williams

Fabian Williams

Princeton, N.J.-based WithumSmith+Brown (FY17 net revenue of $175.4 million) welcomed Fabian Williams as a principal in the digital solutions and services group.

“Fabian’s deep expertise and years of experience with Office 365 and SharePoint is a tremendous asset to Withum’s digital solutions and services group,” says Daniel Cohen-Dumani, partner and group leader. “As a recognized Microsoft most valuable professional (MVP), Fabian will provide insight and technical leadership to drive us into the future.”

“I am extremely happy and excited to join Withum and energized by the leadership and technical talent of our team members,” says Williams. “I’m looking forward to helping shape the firm’s future path within our Office 365, Azure and SharePoint solutions and offerings.”

Deloitte Publishes Equity Partner Gender Earnings Gap

New York-based Deloitte (FY16 net revenue of $17.5 billion) published its equity partner gender earnings gap. The mean equity partner gender pay gap is 13.8% which arises because there are fewer women in senior equity partner positions.

“Deloitte has been at the forefront of gender pay reporting and a vocal advocate of the government’s equalities office campaign. We are firmly committed to transparency and achieving consistency in gender pay reporting standards. This is why we have listened to the calls for firms such as ours to do more in how we report gender pay data. Our role in society means we have a responsibility to lead on critical issues such as inclusion and diversity. Going forward, we commit not only to publishing the data required by the gender pay legislation, but also to publishing our gender earnings gap on an annual basis,” says David Sproul, senior partner and chief executive of Deloitte U.K.

“As with our formal gender pay and bonus gap reports, these calculations again serve as a stark reminder that we don’t have enough women in senior roles – this is not about unequal pay but the shape of our firm. We’ve worked hard in recent years to address this imbalance: we believe that culture has a clear role to play in correcting gender imbalance and over the past four years have placed additional focus on ensuring that we always provide an inclusive culture underpinned by respect that enables women to progress alongside commitments outside the workplace,” says Emma Codd, MP for talent at Deloitte U.K.

“We have focused on actions relating to ‘pain points’ in our career lifecycle – from how we recruit to the way in which we identify and develop women for our most senior roles. Amongst other things, we have adapted our recruitments processes; established an industry-first ‘Return to Work’ internship program that to-date has enabled 37 women to re-enter the workplace; introduced transition coaching for primary careers returning from parental and maternity leave; created sponsorship programs for female senior managers and directors, and ensured that we are focusing hard on female talent pipelines for our director and partner roles. We’re now recruiting more women at both student and experienced hire level, and are seeing a significant increase in the number of women choosing to stay with us at the points when we previously saw increased attrition for them. And the proportion of our partners who are female has increased from 12% in 2012 to 19% in 2017 against a published target of 25% by 2020 which we remain committed to meeting,” says Codd.

PKF O’Connor Davies Launches Administration Services for Cryptocurrency Funds

O’Connor Davies Administration, a subsidiary of New York-based PKF O’Connor Davies (FY16 net revenue of $146.6 million), launched a new administration service offering for cryptocurrency hedge funds.

“O’Connor Davies Administration has deep experience and expertise in alternative investments, including valuing cryptocurrency assets and providing timely and accurate financial reporting,” says Marc Rinaldi, PIC of the financial services practice. “Three cryptocurrency hedge funds already rely on our team to provide fund administration services, and we’re eager to expand our impact in this area with a formalized approach and established offering.”

O’Connor Davies Administration manages cryptocurrency valuation on a fund-by-fund basis based on the fund’s private placement memorandum and specific valuation policies. It provides core services in helping cryptocurrency funds with a variety of holdings successfully manage and value their assets.