KPMG Bolsters Cyber Capabilities Partnership

New York-based KPMG LLP (FY16 gross revenue of $8.6 billion) has partnered with Okta Inc., a provider of single sign-on capabilities across platforms.

The alliance will allow KPMG cybersecurity services to design, implement, and automate identity and access management processes using Okta’s leading cloud identity platform to help clients manage, control, and secure enterprise and consumer access, while identifying areas for cost savings.

“Our alliance with Okta is accelerating KPMG’s status as a leading cybersecurity firm with the ability to help clients protect information as they pursue new digital interactions and enhanced productivity in the cloud,” says Charlie Jacco, principal of KPMG cybersecurity services. “With Okta, we can deliver fast and reliable IAM solutions to help keep data safe, while enhancing the user experience.”

“In today’s ever-evolving security landscape, organizations must protect data across an increasingly complex breadth of technologies, including cloud applications, mobile devices and legacy solutions. The Okta Identity Cloud – including our identity and security products, as well as our 5,500 pre-built integrations to applications and infrastructure providers – enables organizations to easily and securely adopt the technologies they need to fulfill their missions faster,” says Patrick McCue, senior vice president of worldwide partners, Okta.

Elliott Davis Expands Cybersecurity and Risk Advisory Services Practice

Jimmy Buddenberg

Jimmy Buddenberg

Greenville, S.C.-based Elliott Davis (FY17 net revenue of $118 million) named Jimmy Buddenberg as director of the cybersecurity and risk advisory services practice.

“As the information security landscape continues to evolve and cyber threats become more sophisticated, the need for innovative solutions that mitigate risk has become paramount to business success and sustainability,” says Rick Davis, CEO. “Jimmy brings a wealth of experience in managing and delivering IT services, strategy and technical assessments for companies in a wide range of industries, and his expertise will enable our clients to maximize investments while achieving necessary regulatory compliance.”

Under Buddenberg’s direction, the cybersecurity and risk advisory services practice will help companies implement solutions to safeguard their businesses, as well as their customers’ critical assets and data. Specifically, he will work with clients to: assess their current cybersecurity posture; develop tools, policies and procedures that minimize exposure; and integrate a business continuity plan to be used in the event of a cybersecurity breach.

“The threat from cyberattacks is one of the most formidable challenges facing today’s businesses,” says Buddenberg. “Regardless of an organization’s size or the industry in which it operates, the impact of even a single data breach can be devastating. As a team, we’ll work with clients to identify risks and create strategies to protect their businesses. This, in turn, will empower them to focus on running their enterprises.”

Prior to joining Elliott Davis, Buddenberg most recently served as senior vice president and managing director for Atos, a global IT services company. In this role, he was responsible for managing an information technology outsourcing business servicing the technology, telecommunications, media, utilities, energy and finance industries for North America.

Top Issues at 2018 Shareholder Meetings According to BDO

Chicago-based BDO USA (FY17 net revenue of $1.4 billion) has compiled a list of topics that corporate management and boards of directors should be prepared to address in 2018 annual shareholder meetings:

  • Tax Reform
  • M&A Opportunities, including buy and sell side
  • Global Economic Concerns
  • Cybersecurity, including cyber-breach response plans
  • Executive Misconduct
  • Board Refreshment and Diversity, including:
    • Tenure Limits
    • Skill Set Reviews
    • Limits on Board Seats
    • Composition Reviews
  • New GAAP
  • Sustainability
  • Deregulation
  • CEO and Median Employee Pay Ratio

Read the full details here.

EY Names New Ohio MPs

Monte Repasky

Monte Repasky

New York-based EY (FY16 gross revenue of $11.2 billion) named Monte Repasky as Cleveland OMP, succeeding Julie Boland.

With 27 years of experience, Repasky has served a wide variety of global clients primarily in the manufacturing, transportation and construction sectors. He’s also served as the corporate controller of an international manufacturing company. He has experience working with international corporations in acquisitions, divestitures and spin-offs, revenue recognition, accounting for income taxes, and SEC reporting and filing matters.

Earlier this year, Boland was named vice chair, central region managing partner-elect. Since 2014, she has served as Cleveland’s MP leading the office to outstanding growth and recruiting results, according to EY. The succession will see Repasky lead the firm’s second-largest office with 1,200 people.

Whitt Butler

Whitt Butler

EY also named Whitt Butler, Akron, Ohio OMP, succeeding Jerry Gootee. Butler has been with EY for more than 17 years. He was admitted to the partnership in 2010, previously serving as the central region advisory growth platform leader, and currently serves as the diversified industrial products advisory market segment leader.

Gootee will remain in northeast Ohio, while taking on his new leadership role as the Americas advisory leader for the diversified industrial products and automotive and transportation sector.

Sikich Opens Expanded Chicago Office

Naperville, Ill.-based Sikich (FY16 net revenue of $146.5 million) opened a new, expanded office in Chicago.

“This new, state-of-the-art office will enable us to accommodate the ambitious growth we have planned in Chicago and continue to attract top talent,” says Chris Geier, CEO. “With modern design and advanced technology, the office was built to better facilitate collaboration across our practice areas and serve our expanding client base.”

Sikich offers services, including technology, audit, accounting and tax, as well as advisory and managed services. The Chicago office will currently house the firm’s investment banking practice led by Rick Herbst, forensic and valuation services practice led by Mary O’Connor, and public relations practice led by Mack Reynolds.

Sikich’s investment banking practice offers mergers and acquisitions and capital markets advisory services. The forensic and valuation services practice provides financial forensic, valuation, cybersecurity and investigation services to the legal and corporate communities. And the public relations practice offers media relations, crisis communications and social media services to help companies showcase expertise and improve brand awareness.

“The new office will feature our firm’s breadth of knowledge and experience by serving as the home for a diverse set of advisory services,” says Geier. “These practice areas will anchor our presence in Chicago and drive growth in the city.”

CohnReznick Names Duffany MP of Tax Practice

Patrick Duffany

Patrick Duffany

New York-based CohnReznick (FY17 net revenue of $617 million) named Patrick Duffany the new MP of the firm’s tax practice. Duffany succeeds Kenneth Kanter who is retiring.

Duffany previously led CohnReznick’s state and local tax and national tax consulting practices. Based in the Hartford, Conn., office, he has more than 25 years of public accounting experience.

In the wake of the tax cuts and jobs act, Duffany will direct CohnReznick’s efforts in helping clients effectively deal with the intricacies of the new tax laws. His experience includes providing strategic tax planning and compliance services across a broad range of clients and industries.

“We congratulate Patrick on his new role as CohnReznick’s tax leader. His enormous wealth of tax and accounting experience, along with his vision, track record, and leadership skills, will enable him to successfully lead our tax teams and clients through the opportunities and challenges of an ever-changing tax landscape,” says Frank Longobardi, CEO.

“In my new role, I will continue providing the quality, relevant and timely services that drive growth for our clients by leveraging the talents of our tax professionals and building our firm’s capabilities,” says Duffany. “Through technological innovation, and by collaborating with our clients and our audit and advisory practices, I am committed to uncovering new opportunities to drive efficiency, deliver value and more effectively manage risk.”

UHY Admits Reagan as Partner

Jack Reagan

Jack Reagan

Chicago-based UHY (FY16 net revenue of $126.8 million) admitted Jack Reagan as partner in the firm’s audit practice in Columbia, Md.

With almost three decades of audit work, Reagan’s experience includes serving state and local governments, school districts, federal government entities and nonprofit organizations as an auditor and consultant.

“Jack brings deep connections in government, and will serve as an immediate asset to our clients,” says Harold Mohn, partner at UHY and managing director at UHY Advisors Mid-Atlantic. “His experience spans several different states and municipalities, and his many years in the industry will enable him to quickly advise our clients to ensure that they keep pace with current and new regulations and various certifications.”

Prior to UHY, Reagan worked as a partner at two national accounting firms and previously was a partner at a Big 4 firm.

WithumSmith+Brown Welcomes Crowley to New Business Development Role

Katelyn Crowley

Katelyn Crowley

Princeton, N.J.-based WithumSmith+Brown (FY17 net revenue of $175.4 million) welcomed Katelyn Crowley to its Boston office team where she will spearhead all business development initiatives and serve as the conduit for the firm’s client base.

Crowley has more than 10 years’ marketing and business development experience. Prior to joining Withum, she was a vice president with a niche government grant and contract accounting firm. In this role, she led and executed all marketing and business development efforts. Prior to that role, Crowley worked with Fortune 100 companies to build intranets and implement change-initiation strategies through digital solutions.

“Katie’s background in both professional services and digital solutions are a tremendous value add to our team roster of talent,” says Steve Yardumian, PIC of the Boston office. “We welcome her contributions and track-record of success in building relationships with incubators, accelerators and related life science and technology companies throughout New England and beyond.”

“I’m eager to assist current and prospective clients by matching them with Withum’s innovators and cloud transformation experts in order to leverage their digital tools, share information and collaborate at the highest levels,” says Crowley.

SVA Leaders Selected for In Business 40 Under 40

Nicole Gralapp

Nicole Gralapp

Nicole Gralapp and Jacob Peters of Madison, Wis.-based SVA Certified Public Accountants (FY16 net revenue of $51.4 million) were selected for the 2018 In Business 40 Under 40 class.

“Our entire company is extremely proud that Nicole and Jacob have been selected to this year’s 40 Under 40 class,” says Carl Schultz, president and CEO.  “Being recognized with this selection is a testament to their hard work and dedication to building long-term relationships with their clients and their community.”

Jacob Peters

Jacob Peters

Gralapp is a principal with business advisory services working primarily with closely-held businesses and individual clients performing a variety of tax, assurance and business consulting functions. She provides clients with technical expertise in areas such as tax planning, financial reporting, financial projections, budgeting, financial and estate planning, and review of internal controls.

Peters is a principal with business advisory services providing clients with guidance and consulting in areas such as federal and state income tax planning, debt forgiveness, Roth IRA conversions, energy-efficiency tax incentives and multi-state tax compliance. He helps clients find opportunities for tax savings and other incentives.

EY Americas Names Hogan Tax and Finance Operate Leader

Joseph Hogan

Joseph Hogan

New York-based EY (FY16 gross revenue of $11.2 billion) named Joseph Hogan to the newly created role of tax and finance operate (TFO) leader. EY’s global TFO practice provides the processes, technology and people for functional outsourcing, enabled by leading-edge technology and client platforms.

“Joe is the ideal leader to build on our two-year momentum of major client assignments in the Americas, and our continual development of technological capabilities for full- or multi-function tax outsourcing,” says Kate Barton, vice chair of tax services. “His strategic approach to client service during his tenure as tax MP – west region led the west region tax practice through significant growth, stronger leadership in several sectors and geographic segments, and an increase in the number of people serving our west region clients by 25%.”

Hogan will be responsible for continuing to standardize the EY technology platform and transition process for clients, and help optimize the use of global resources as the demand for alternative sourcing models and outsourcing grows.

Hogan has been with EY since 1989, holding numerous leadership positions across federal income tax, transactions and tax accounting matters. He has supported some of the EY organization’s largest clients in the United States and Europe. He has led global tax accounting and risk advisory services, compliance and reporting services, and business tax services.

“Clients impacted by the combination of legislation and technology disruption need to consider tax and finance operations as part of their overall tax agenda this year,” says Hogan. “Our global and regional services are already helping clients define the right sourcing mix, and offering discrete or broad-based tax outsourcing services according to each client’s objectives for cost-effective efficiency and quality.”