David Stonesifer To Become MP of Herbein

David W. Stonesifer

David W. Stonesifer

Reading, Pa.-based Herbein + Company has announced that David W. Stonesifer will succeed Michael J. Rowley as the firm’s MP effective Oct. 1, 2019.

Rowley states, “Since 1973, Herbein + Company, Inc. has been a firm focused on our clients and our future. Our founder, Carl D. Herbein, was incredibly driven by the idea of a sustainable firm built on growth and creating opportunities. Having grown from a kitchen table operation to one of the mid-Atlantic region’s largest independent CPA firms, Carl’s vision has been achieved.” Rowley will remain with the firm as PIC of the management advisory services group.

“As we work with clients, we stress the importance of a strong succession plan. We began this managing partner process several years ago with the start of my current term, as a planned part of our firm’s overall strategic plan,” Rowley says. “As Herbein has evolved, younger generations have risen to play key roles within our firm.”

Stonesifer is the first of three Herbein interns who went on to become partners. He has served on several professional organizations, including president of the Reading chapter of the Pennsylvania Institute of CPAs.

“As I prepare to become managing partner, I am appreciative of all that I’ve learned from our prior managing partners, Mike Rowley and Carl Herbein. I am appreciative of the responsibilities I will be inheriting, including our clients’ success, our team’s growth and their family’s security and prosperity, and our continuing support of the communities in which we serve.”

PrimeGlobal Announces New CEO

Stephen Heathcote

Stephen Heathcote

PrimeGlobal, an association for independent accounting firms, announces the appointment of Stephen Heathcote as CEO, effective June 1, 2019.

“At this crucial moment of growth, Stephen Heathcote’s appointment is a clear reflection of PrimeGlobal’s commitment to its members and renewed leadership at the global level,” the association announced.

“After conducting a worldwide search, I am happy to announce the World Board was able to reach a unanimous consensus that Stephen was the right person to lead PrimeGlobal,” World Board Chairman Cornelius V. Kilbane Jr. says. “Our organization is one of the top international accounting associations in the world, and to have someone with Stephen’s leadership skills, experience with teams based in locations throughout the world, and an understanding of both global and regional needs means PrimeGlobal will continue to bring exceptional value to its members.”

The association has more than 300 members in 80 countries.

Heathcote’s background includes serving in the COO role at the UK Financial Reporting Council and as a senior manager at KPMG. He is also a key member of the Association of Chartered Certified Accountants (ACCA) executive team for the past 10 years.

“At a time when the profession faces many challenges, it has been refreshing to meet partners leading practices who are fully trusted by their clients and prepared to innovate to support them,” Heathcote says. “Prime Global shares the ambition of its members and draws on a vast range of expertise to ensure best standards and practices deliver success to members.”

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Davis & Company CPAs Admits Divis as Partner

Christa Divis

Christa Divis

Davis & Company CPAs of Mount Pleasant, S.C., announces that Christa Divis is joining the practice as a partner.

Divis has extensive financial and accounting background in the area of nonprofits. She has recently served as vice president of finance and CFO for the Coastal Community Foundation of South Carolina and previously as the CFO of Trident United Way in the areas of financial oversight, investment portfolio management and human resources management.

Previously, she was a manager of tax and consulting with CPA firm specializing in non-profit assurance engagements. Her experience included managing audits, reviews, tax and consulting engagements for those non-profit clients.

“Christa has the right mix of skills, talents and knowledge to add and build on the value we bring to our clients and community,” says MP Zoe Davis.

Perelson Weiner Announces New Partner and Managing Director

New York-based Perelson Weiner (FY17 net revenue of $25.3 million) announced that Jay Scheidlinger and Lauren Jones have joined the firm’s trust and estates practice.

“Our work with clients involves a common theme – taking a comprehensive view of personal, business, family and philanthropic values,” says Ronald G. Weiner, chairman of the firm. “With the addition of these highly experienced people, we continue to expand our capacity to deliver our integrated approach involving income tax and estate planning to our clients.”

Scheidlinger, partner, has more than 25 years of tax experience, specializing in tax planning and compliance for high-net-worth individuals, complex estates and trusts, and gifts. He is a prolific author of articles in the New York Law Journal and the Journal of Accountancy. He received a Distinguished Author Award from Trusts & Estates magazine for co-authoring “Coming to America,” which describes legal and financial planning challenges of advising immigrant clients.

Jones, managing director, is a wealth-planning attorney with nearly 10 years of experience in advising high-net-worth clients and family offices. She counsels clients on a variety of domestic and international tax and estate planning.

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Nodoro Admitted as Tax Principal at Untracht

Andrea Nodoro

Andrea Nodoro

Florham Park, N.J.-based Untracht Early (FY17 net revenue of $28.1 million) announced that Andrea Nodoro has been admitted as a principal of the firm.

Nodoro joined the firm in 2013 and is a member of the firm’s individual tax practice. She will continue to provide tax and compliance services to the firm’s individual, trusts, real estate partnership and energy sector clients. She also helps not-for-profit clients with compliance issues and clients with taxation requirements related to gifting. In her new role, she will help shape the strategic vision for future growth at the firm.

Nodoro leads the firm’s 1040 Tax Training Program. She creates the content and teaches it to the firm’s tax professionals.

“Our individual tax clients constitute a substantial portion of the firm’s practice,” said David S. Untracht, senior principal. “By naming Andrea as a principal of the firm, we hope to give her even greater latitude to work responsively with these clients in offering the signature high level, tax-technical guidance for which Untracht Early is known.”

In addition to her firm responsibilities, Nodoro gives back to the community by volunteering for Junior Achievement of New Jersey and serving on the advisory council for Dress for Success Morris County, a not-for-profit organization that promotes the economic independence of disadvantaged women.

MBAF Welcomes Director to Help Lead Growth of Regulatory Risk Solutions Practice

Heidy Duarte

Heidy Duarte

Heidy Duarte has joined Miami-based MBAF (FY17 net revenue of $124.3 million) to increase the firm’s offering of Bank Secrecy Act/Anti-Money Laundering compliance for both domestic and international clients.

Duarte, based in the Miami office, will help lead the firm’s growing regulatory risk solutions practice. Duarte brings more than 12 years of experience in the financial services industry with a focus on strengthening fraud prevention and detection procedures for a wide variety of clients. She helps domestic and international financial institutions prepare for and respond to regulatory examinations, including compliance with remediation requirements of regulatory enforcement actions and monitoring activities.

“Heidy will play a large role in advancing our regulatory risk solutions practice and will be instrumental in guiding clients through the evolving and increasingly complex regulatory expectations that we are seeing here in the U.S. and abroad,” says MP Antonio Argiz. “Her expertise in risk management and internal control will be a significant asset for clients and will further strengthen our suite of offerings.”

Prior to MBAF, Duarte led the corporate financial fraud team at a national bank, where she was responsible for promoting and implementing compliance standards and internal controls throughout the institution as well as minimizing fraud exposure. Additionally, she previously worked in a Big 4 firm where she performed assurance work for several financial institutions and participated in audits for public and private companies.

Deloitte US Elects Ucuzoglu CEO, Foutty Chair

Joseph Ucuzoglu

Joseph Ucuzoglu

Joseph Ucuzoglu has been elected CEO and Janet Foutty has been elected chair of the board of New York-based Deloitte (FY17 net revenue of $18.6 billion), the largest accounting firm in the country. Both terms begin June 2.

Ucuzoglu and Foutty will succeed current Deloitte US CEO Cathy Engelbert and chairman Mike Fucci at the conclusion of their four-year terms. In July, the firm told its partners that Engelbert, the first woman to run a Big 4 firm in the U.S., would not be renominated for a second four-year term. In December, Ucuzoglu and Foutty were named the official candidates, subject to a vote this year.

“Joe’s distinguished record of serving our clients and driving transformative, technology-driven change positions him to lead our firm as clients, the capital markets, and society at large turn to Deloitte to navigate the opportunities brought on by the fourth industrial revolution” says Fucci in a statement. “Janet’s extensive leadership experience across multiple dimensions of our businesses, combined with her deep understanding of technology and innovation, the workforce of the future, and her commitment to inclusion have earned her a broad followership internally and externally.”

He added, “I would like to offer my gratitude to Cathy, a recognized leader in the business community who has led Deloitte US during her term to record growth while making significant investments in innovation and supporting our people’s professional lives and career journeys with a series of groundbreaking initiatives.”

Ucuzoglu currently serves as the chair and CEO of Deloitte & Touche LLP, where he has overseen all aspects of the transformation of the audit and assurance practice over the past four years. Ucuzoglu serves several of Deloitte’s largest clients and serves on Deloitte Global’s board of directors.

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Aprio Launches Forensic and Investigative Services

Nicole Ponziani

Nicole Ponziani

Atlanta-based Aprio LLP (FY17 net revenue of $85.1 million) has launched a new team within its litigation support and forensic accounting services group – forensic and investigative services.

The team is led by Nicole Ponziani, who uses proprietary models to work with attorneys and clients in gathering evidence in the investigation of alleged “bad acts.” Her involvement includes the handling of internal and criminal investigations through subject interviews and tracing of assets with proven results.

Some examples of Aprio’s forensic and investigative services work include:

  • The Aprio team was engaged to investigate and analyze a multi-million-dollar asset misappropriation involving a financial institution. Hundreds of transactions and identified recipients were found to be fraudulent. Restitution was sought and the proper documents were provided to the regulators, insurance carrier and law enforcement.
  • The Aprio team performed an internal investigation on a multi-million-dollar private company. We identified a significant misappropriation of assets. Under our guidance the company rectified the inadequacies in their internal controls. A claim to their insurance carrier and a report to law enforcement was prepared.

Ponziani, with a degree in criminology, has more than 17 years of experience having worked with local law enforcement and fraud countermeasures compliance in areas such as fraud investigations, financial services regulatory compliance, FCPA, RICO, HR investigations, money laundering and Ponzi schemes.

“It is our goal to minimize the impact that an investigation has on our clients’ businesses operations,” said Howard Zandman, PIC of litigation support and forensic accounting services. “The forensics and investigative services team’s expertise in getting beneath the surface enables us to reach solutions efficiently and effectively and provide evidence that is clear, understandable and withstands the rigors of court.”

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CPACA Identifies Key Issues, Appoints Kepczyk President

The CPA Consultants’ Alliance (CPACA), a group of thought leaders aiming to further leadership within the CPA profession, met recently to discuss issues facing public accounting professionals. The group identified the key factors firms need to address to become future-ready and attract and retain NextGen talent and clients.

Roman Kepczyk

Roman Kepczyk

“As we explored what firms need to focus on to be future ready, we boiled it down to five key areas: leadership, talent, technology, client experience and growth,” asserts Roman Kepczyk, director of firm technology strategy for Right Networks who was named president of the CPACA. “We believe there are specific, actionable steps that firm leaders can take to progress in each of these fundamental areas,” says Kepczyk.

Over the coming year, CPACA will release a series of podcasts on each of these five focus areas to help firm leaders identify the actions they can take to secure their future.

In addition, the group added a new member, Matt Solomon, CEO at The Center for Enlightened Business. Solomon’s organization develops programs designed to empower firm owners to sell, price and deliver highly profitable client services.

“His passion, unwavering commitment to helping clients, and collaborative spirit are a great fit for the group and will help the CPACA achieve our goal of supporting and improving the leadership and future of the accounting profession,” says Angie Grissom, president of Rainmaker Companies.

“I’m honored and humbled to be part of such a heart-centered and powerful alliance of thought leaders who are willing to put their egos and personal agendas aside to find better ways to serve our shared community of accountants,” says Solomon.

During their recent meeting, CPACA members also approved the following slate of officers:

  • Roman Kepczyk, director of firm technology strategy, Right Networks – President
  • Jeff Phillips, CEO, Accountingfly and GoingConcern – Vice President/Meeting Chair  
  • Terry Putney, president, Transition Advisors – Secretary/Treasurer  
  • Angie Grissom, president, The Rainmaker Companies – Membership Chair  
  • Adelaide Ness, executive vice president, The Rainmaker Companies – Deliverables Chair  
  • Tamera Loerzel, partner, ConvergenceCoaching LLC – Marketing Chair  
  • Carrie Steffen, president, The Whetstone Group – Immediate Past President

Wallace Plese + Dreher Admits New Partner

Christopher T. Coots

Christopher T. Coots

Chandler, Ariz.-based Wallace Plese + Dreher (FY17 net revenue of $8.4 million) announces the admission of Christopher T. Coots to the partnership.

Coots has more than 20 years of professional accounting experience and provides tax planning and consulting services to partnerships, corporations, estates and trusts. Working with privately held businesses and their owners, he develops tax plans maximizing cash flow and minimizing tax liabilities.

Before pursuing his accounting career, he practiced as an estates and trusts attorney serving individuals and families.