Friedman Aims to Help Banks with PPP Forgiveness

New York-based Friedman LLP, an IPA 100 firm, is launching a new service designed to help relieve the pressure on lenders processing and managing a mountain of government-backed stimulus loans.

Led by co-MP Harriet Greenberg and partners Michael Sacco and Michael Greenwald, the firm’s Paycheck Protection Program (PPP) Forgiveness Service includes professionals who are familiar with bank functions and trained in the processing of loan forgiveness applications. The idea is for the Friedman teams to integrate into the lenders’ in-house loan processing departments, on a outsourced basis, to support calculations, identify areas that need to be reviewed more closely for risk factors, maintain regulatory compliance and manage the loan forgiveness application process from start to finish.

More news from Friedman LLP

BKD Christens New Transfer Pricing Services Division in Utah

Springfield, Mo.-based BKD, an IPA 100 firm, is launching a new transfer pricing services division in its Salt Lake City office. Led by Levi Brewer with support from Will James, the new division will help clients engaging in cross-border transactions with planning analyses, documentation studies, dispute resolution, economic analyses, advance pricing agreements and more.

“We are thrilled to continue bringing our clients solutions that can make a real difference,” says Jeff Ronsse, MP of the firm’s Salt Lake City office. “Levi and Will’s expertise in transfer pricing – combined with the knowledge of BKD’s international tax services division – will allow us to provide additional support to new and existing multinational clients in the Intermountain West.”

More news from BKD

Aprio Adds New Private Equity Services Team

Atlanta-based Aprio, an IPA 100 firm, has announced the formation of Aprio Private Equity, an integrated service team designed to serve private equity and strategic buyers in the middle market.

Led by partner Michael Levy, Aprio Private Equity provides fund services, post-merger integration services, portfolio services and exit strategy services, in addition to transaction advisory services.

“Aprio Private Equity will draw on our advisory, audit and assurance, tax, wealth management and outsourced accounting services expertise to provide an integrated approach to our private equity clients that will create opportunities for improved financial and operational performance, minimized tax liabilities, and elevated marketplace credibility,” says Aprio MP and CEO Richard Kopelman.

More news from Aprio

BKD Makes Big Data and Analytics a Firmwide Practice Unit

Springfield, Mo.-based BKD, an IPA 100 firm, is making big data and analytics a new national practice unit called BKD Analytics effective June 1, elevating the group from its current status as a team within the firm’s forensics and valuation services division.

While continuing to work closely on fraud investigations under the guidance of Mark Solomon as interim practice unit leader, BKD Analytics will now also consult with various industry leaders to create new data products and bring those products to market.

“We recognize that pockets of data analytics expertise have developed at the local office level over the years, and we’re excited to merge those talented resources with our BKD Analytics team to create an even stronger and deeper pool of data analytics leaders,” says CEO Ted Dickman. “We plan to leverage the talents of these new team members across the firm to bring new and existing products to clients firmwide.”

More news from BKD

BKD Launches New National Commercial Services Group

Springfield, Mo.-based BKD, an IPA Top 100 firm, will change the name of its National Manufacturing & Distribution Group to BKD National Commercial Services Group effective June 1. The change reflects how this group has been growing to deliver services to companies beyond the traditional M&D industry.

Traditional M&D, food and agriculture, transportation and retail will be the four main divisions under the umbrella of BKD National Commercial Services Group, while technology and software, energy and telecommunications already have separate service line leaders and will be tracked as separate subniches.

“I am excited about the opportunities this creates by better aligning our internal teams and becoming even more laser-focused in the group’s strategies toward continuing to build into the future,” says national industry partner John Mather.

More news from BKD

EisnerAmper Launches Center for Individual and Organizational Performance

Lise Stewart

New York-based EisnerAmper, an IPA 100 firm, has launched a new Center for Individual and Organizational Performance to be led by principal-in-charge Lisë Stewart.

The new effort aims to work collaboratively with business leaders to focus on key competencies, performance metrics and leading-edge research to support both individual change and organizational development, utilizing methodologies based on business psychology, neuroscience, and strategic HR and business practices. The center’s six integrated service areas include strategic HR consulting, leadership development and executive coaching, professional assessment, family business excellence, board development and conflict resolution/relational mediation.

“Given the current pandemic, there’s an even greater need for crisis communications, managing a virtual workforce, strategic and financial pivoting for an economic downturn and so forth,” says Stewart. “But the Center is also designed for the recovery and beyond. Organizations across every industry can really benefit from this one-of-a-kind resource.”

More news from EisnerAmper

Calvetti Ferguson Adds New Technology Risk Service Line

Houston-based Calvetti Ferguson (FY18 net revenue of $15.3 million) has introduced a new technology risk service line. Led by partner John Jamison out of the firm’s Dallas office, the new practice will offer services including interim and fractional CIO/CISO, IT internal audits, IT risk assessments, SOC reporting and IT due diligence consulting.

“The reality is that organizations continue to be targets of ransomware and other cyberattacks, so whether our client is on the audit committee or in the C-suite, we will be ready to assist,” says MP Jason Ferguson. “John’s experience advising clients in financial services, data processing and other service organizations is a welcome addition to our firm’s industry expertise.”

More news from Calvetti Ferguson

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

CohnReznick Enhances Transactions and Turnaround Advisory Practice

With an eye toward the complexities and unique challenges of the post-pandemic marketplace, New York-based CohnReznick, an IPA Top 100 firm, has combined its transactional, restructuring and dispute resolution, valuation and project finance advisory services under one transactions and turnaround advisory umbrella to be led by managing principal Claudine Cohen.

The transactions and turnaround advisory practice will work to help businesses dealing with M&A opportunities, financing new capital projects, business and asset valuations, restructuring to improve performance, bankruptcy negotiations and exit management.

“We structured the new practice to allow for on-demand mobilization of seasoned professionals who collaboratively will design and execute a path forward with clients as they navigate complex situations or make a game-changing decision,” says Cohen. “Now more than ever during these uncertain times, we plan to help clients achieve optimal outcomes that protect and grow stakeholder value with a service approach founded on impact, insight and integrity.”

More news from CohnReznick

PwC Developing Internal Contact Tracing Tool for Employees

In a potential preview of office life to come as states and municipalities across the country begin to reopen their economies, Big 4 firm PwC is developing a contact tracing tool that will enable executives and HR to notify employees who have had contact with an employee who tested positive for COVID-19. The mobile app is currently being tested in the firm’s Shanghai office with plans to roll it out to the entire 275,000-person workforce before offering it to corporate clients.

Using signals from users’ phones, the app can tell how far away and for how long two people were in contact. If someone at a workplace tests positive for the virus, HR can then look up which other employees are at the highest risk using the digital contact tracing system, helping to pinpoint infection sites so that entire offices or floors aren’t shut down from a single confirmed case.

While governments around the world are grappling with the question of how to implement widespread contact tracing across massive populations, PwC believes its solution will allow companies to get out in front of the issue since they can compel usage among their workforces. The firm also stresses that the app has robust privacy, access and retention controls in place to ensure that only company administrators can access the data – another major sticking point facing contact tracing proposals for the general public.

PwC will begin selling the software starting in mid-May with a subscription fee as part of a suite of tools for remote work.

More news from PwC