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Accounting MOVE Project: New Service Lines Bring Women to the Forefront

The 2020 Accounting MOVE Project Report says that several factors are coming together to create “a rare power moment for women.”

One is that Gen X and older Millennials, who may have put their partnership pursuits on pause while starting families, are now seeking those opportunities. Additionally, diversity among consultants shows clients that firms are bringing fresh thinking to the table. At the same time, baby boomer women are eager to leave a legacy “by showing how their investments in rising women have strengthened firms’ futures,” the report says.

The annual report, which also lists the best accounting firms for women, is a project of the Accounting & Financial Women’s Alliance and the Accounting MOVE Project, which is based on research partner Wilson-Taylor Associates’ methodology, which examines money, opportunity, vital supports and entrepreneurship for women.

The report notes that women are leading new lines of business, particularly advisory services.

“Women are perfectly positioned to chart new ways to win new types of business, because they take encouragement and direction from incremental wins,” says Joanne Cleaver, president of Wilson-Taylor Associates.

Listed below is The 2020 Accounting MOVE Project Best CPA Firms for Women. All are IPA 100 firms, with the exception of Lurie and OUM & Co.:

  • Pittsford, N.Y.-based The Bonadio Group
  • San Francisco-based BPM LLP
  • St. Louis-based Brown Smith Wallace
  • Clark Nuber, Bellevue, Wash.
  • New York-based CohnReznick
  • Eide Bailly
  • Minneapolis-based Lurie
  • Louisville, Ky.-based MCM CPAs and Advisors
  • Seattle-based Moss Adams
  • San Francisco-based Novogradac & Company
  • San Francisco-based OUM & Co.
  • Southfield, Mich.-based Plante Moran
  • Troy, Mich.-based Rehmann

The 2020 Accounting MOVE Project Best CPA Firms for Equity Leadership lists firms with at least 30% of women in their partner and principal ranks. Listed  in descending percentage order:

  • Kaiser Consulting, Powell, Ohio – 100%
  • Sarasota, Fla.-based Kerkering Barberio & Co. – 60%
  • Alexandria, Va.-based KWC – 59%
  • Bader Martin, Seattle – 54%
  • Gainesville, Fla.-based James Moore & Co. – 53%
  • Eugene, Ore.-based Jones & Roth – 50%
  • Tucson, Ariz.-based BeachFleischman – 46%
  • Bethesda, Md.-based Councilor Buchanan & Mitchell – 44%
  • Dallas-based Huselton Morgan & Maultsby – 44%
  • Abbott Stringham & Lynch, San Jose, Calif. – 43%
  • Johanson & Yau, San Jose, Calif. – 43%
  • *Clark Nuber, Bellevue, Wash. – 42%
  • Lincoln, Neb.-based HBE – 42%
  • *Pittsford, N.Y.-based The Bonadio Group – 40%
  • *St. Louis-based Brown Smith Wallace – 40%
  • *Louisville, Ky.-based MCM CPAs and Advisors – 39%
  • Atlanta-based Frazier & Deeter – 34%
  • *Troy, Mich.-based Rehmann – 31%
  • *Eide Bailly – 31%
  • *Minneapolis-based Lurie – 30%
  • *San Francisco-based Novogradac – 30%

*Also included on the 2020 Best CPA Firms for Women list

MOVE Project Lists Best Public Accounting Firms for Women, Equity Leadership

The Accounting & Financial Women’s Alliance, which sponsors the Accounting MOVE Project, announces its annual survey of leading financial and accounting firms for women.

The 2019 Accounting MOVE Report delves into the perceptions and misperceptions that women and firms have about how and why women pursue partnership and other senior leadership positions. The report also outlines tactics that women, advocates for women and firm leaders can take to ensure that all women CPAs can fully achieve their aspirations for their careers and drive firm growth in the process.

Highlights from the 2019 MOVE Report

  • Peer Power: Women’s peer networks are horizontal and tend to be powerful retention factors. By comparison, men’s peer networks tend to be vertical and transactional. Leading MOVE firms shape women’s initiatives to make the most of how women organically cultivate networks.
  • Piecing the Future: Women plot their expectations based on what they observe and experience. Firms that show women the benefits of partnership and that build confidence and results with early business development seed ambition for partnership.
  • Intervention Builds Retention: Women don’t want to choose between coasting and quitting. Firms strengthen retention by cultivating multiple paths to senior positions, and by working with women before they reach the point of no return.

2019 Accounting MOVE Project Best CPA Firms for Women:

  • Pittsford, N.Y.-based The Bonadio Group (FY18 net revenue of $97.9 million)
  • San Francisco-based BPM LLP (FY18 net revenue of $99.5 million)
  • Creve Coeur, Mo.-based Brown Smith Wallace (FY18 net revenue of $50 million)
  • Clark Nuber (FY17 net revenue of $38.6 million) of Bellevue, Wash.
  • New York-based CohnReznick LLP (FY18 net revenue of $623.7 million)
  • Fargo, N.D.-based Eide Bailly (FY18 net revenue of $299.2 million)
  • Greenville, S.C.-based Elliott Davis (FY19 net revenue of $126.3 million)
  • Lurie LLP (FY17 net revenue of $28 million) of Minneapolis
  • Louisville, Ky.-based MCM CPAs & Advisors (FY18 net revenue of $56.8 million)
  • Seattle-based Moss Adams (FY18 net revenue of $691 million)
  • San Francisco-based Novogradac & Co. (FY18 net revenue of $147.4 million)
  • San Francisco-based OUM & Co. (FY18 net revenue of $19.9 million)
  • Southfield, Mich.-based Plante Moran (FY18 net revenue of $542.1 million)
  • Troy, Mich.-based Rehmann (FY18 net revenue of $143 million)

2019 Accounting MOVE Project Best CPA Firms for Equity Leadership
The Best CPA Firms for Equity Leadership list recognizes firms with at least 33% women partners and principals, as 33% is widely recognized as the tipping point for members of any identity group to have individual impact.

In descending order of percentage of women partners and principals; firms also on the Best CPA Firms for Women indicated with an *.

  • Powell, Ohio-based Kaiser Consulting – 100%
  • Sarasota, Fla.-based Kerkering Barberio & Co. (FY18 net revenue of $16.5 million) – 60%
  • Alexandria, Va.-based KWC CPAs (FY18 net revenue of $14.4 million)
  • RoseRyan of Newark, Calif. – 60%
  • Abbott Stringham & Lynch (FY17 net revenue of $21.8 million) of San Jose, Calif.– 50%
  • Clark Nuber – 50% *
  • Gainesville, Fla.-based James Moore & Co. (FY18 net revenue of $22.3 million) – 50%
  • Bethesda, Md.-based Councilor Buchanan & Mitchell – 47.1%
  • Eugene, Ore.-based Jones & Roth (FY18 net revenue of $15.4 million) – 46.2%
  • Lincoln, Neb.-based HBE – 45.5%
  • San Jose, Calif.-based Johanson & Yau – 42.9%
  • Novogradac – 40.4% *
  • The Bonadio Group – 39% *
  • San Francisco-based Hood & Strong LLP (FY18 net revenue of $16.5 million) – 37.7%
  • MCM CPAs and Advisors – 37.3% *
  • Tucson, Ariz.-based BeachFleischman (FY18 net revenue of $27.9 million) – 37.5%
  • Brown Smith Wallace, St. Louis – 36.6% *
  • Atlanta-based Frazier & Deeter (FY17 net revenue of $83.6 million) – 35.4%
  • Lurie LLP – 33% *
  • OUM & Co. – 33% *

Read the 2018 list.

2018 Accounting MOVE Project Report Announces Best CPA Firms for Women

Expectations have never been higher for women’s advancement in the workplace, and the Accounting and Financial Women’s Alliance Best CPA Firms for Women list and the Best Firms for Equity Leadership List, based on the 2018 Accounting MOVE Project report, recognizes and showcases the firms around the country who truly get it and work hard to ensure that the profession’s much-needed emphasis on diversity and inclusion also furthers momentum for women.

The 2018 Best CPA Firms for Women are:

  • San Francisco-based BPM (FY16 net revenue of $85.8 million)
  • Louis-based Brown Smith Wallace (FY16 net revenue of $43.2 million)
  • Clark Nuber PS (FY16 net revenue of $36.2 million) of Bellevue, Wash.
  • New York-based CohnReznick LLP (FY17 net revenue of $617 million)
  • Sarasota, Fla.-based Kerkering Barberio & Co. (FY17 net revenue of $16.7 million)
  • Lurie LLP (FY17 net revenue of $28 million) of Minneapolis
  • Louisville, Ky.-based MCM CPAs and Advisors (FY17 net revenue of $22.5 million)
  • Seattle-based Moss Adams (FY17 net revenue of $577 million)
  • San Francisco-based Novogradac & Company LLP (FY17 net revenue of $136.7 million)
  • Southfield, Mich.-based Plante Moran (FY17 net revenue of $520.5 million)
  • Troy, Mich.-based Rehmann (FY17 net revenue of $116 million)
  • Pittsford, N.Y.-based The Bonadio Group (FY17 net revenue of $92.1 million)

The Accounting MOVE Project Best CPA Firms for Equity Leadership list recognizes firms with at least 33% women partners and principals, as 33% is widely recognized as the tipping point for members of any identity group to have individual impact. The Equity Leadership list recognizes firms that have achieve that milestone through any combination of culture, programs or initiatives.

The 2018 Best CPA Firms for Equity Leadership are:

  • Washington, D.C.-based Raffa PC (FY17 net revenue of $49.1 million): 63.2%
  • Sarasota, Fla.-based Kerkering Barberio & Co. (FY17 net revenue of $16.7 million): 60%
  • Alexandria, Va.-based KWC CPAs (FY17 net revenue of $12.8 million): 60%
  • Lincoln, Neb.-based HBE LLP (FY17 net revenue of $8.6 million): 50%
  • San Jose, Calif.-based Johanson & Yau: 50%
  • Clark Nuber PS (FY16 net revenue of $36.2 million) of Bellevue, Wash.: 47.5%
  • San Francisco, Calif.-based Hood & Strong (FY17 net revenue of $16.7 million): 40%
  • Louisville, Ky.-based MCM CPAs and Advisors (FY17 net revenue of $22.5 million): 39.7%
  • Atlanta-based Frazier & Deeter (FY16 net revenue of $74 million): 38%
  • Pittsford, N.Y.-based The Bonadio Group (FY17 net revenue of $92.1 million): 37.6%
  • Louis-based Brown Smith Wallace (FY16 net revenue of $43.2 million): 36.2%
  • Tuscon, Ariz.-based BeachFleischman (FY16 net revenue of $25.8 million): 33.3%
  • Lurie LLP (FY17 net revenue of $28 million) of Minneapolis: 33.3%
  • San Francisco-based OUM (FY17 net revenue of $18.7 million): 33%

“As with anything in business, we must evaluate, adapt and evolve to ensure continued success. This holds true for women’s initiatives. This year’s Accounting MOVE Project demonstrates how far women have come in the industry, but also expresses the need to keep pushing forward,” said Cindy Stanley, executive director for the Accounting & Financial Women’s Alliance (AFWA).

ABBB Partner Named Experienced Leader of the Year

Michelle Ryan

Michelle Ryan

Michelle Ryan, partner at Great Bend, Kan.-based Adams Brown Beran & Ball Chtd. (FY16 net revenue of $18.2 million) has been named the recipient of the Woman to Watch Experienced Leader award, given by the AICPA and the Kansas Society of Certified Public Accountants (KSCPA).

“Michelle’s dedication to the firm and her community exemplify her as a Woman to Watch Experienced Leader,” says Brian Staats, MP at ABBB. “Congratulations to Michelle on this prestigious accomplishment. We are honored to have her on our team!”

The Woman to Watch Experienced Leader award recognizes those who have established their roles as leaders in their organizations by advancing to the highest levels of management or ownership and by mentoring those following in their footsteps.

Ryan reviews business, individual and estate tax returns, and consults on a variety of tax planning issues, including business consulting, new entity setup, retirement and succession planning. In addition, she leads the firm’s CFO/Virtual Back Office Service Line and manages the firm’s Colby and Atwood office operations.

IPA INSIDER: September 2017 News

Listed below are the Top 10 most-read stories on the INSIDE Public Accounting blog for the month of September.

  1. Walthall CPAs and Rea & Associates to Merge
  2. INSIDE Public Accounting Unveils 2017 Best of the Best Accounting Firms
  3. INSIDE Public Accounting Releases Annual Ranking and Performance Metrics of the Nation’s Largest Public Accounting Firms
  4. Crowe Horwath Acquires Rowbotham International
  5. Moss Adams + Hein: A Strategy for Success in the West
  6. 2017 IPA 100 Firm Profile: Brown Edwards & Co.
  7. HoganTaylor Acquires JPMS Cox
  8. Eide Bailly Acquires Hawkins Advisors
  9. Deloitte Targeted by Cyberattack
  10. PCAOB Flags Increased Number of Audits at Crowe Horwath

Kansas Firm ABBB Takes On Sanborn & Daughters

Great Bend-Kan.-based Adams, Brown, Beran & Ball (FY12 net revenues of $14 million), plans to merge with Sanborn & Daughters of Hutchinson, Kan., effective July 1, the Wichita Eagle reported.

L.L. Sanborn and Stefanie A. Sanborn-Miller will join ABBB in its Hutchinson office. ABBB has offices in 13 Kansas communities. Sanborn established L.L. Sanborn, chartered in 1975. Stefanie A. Sanborn-Miller joined the firm in 1991, and the name of the firm was changed to Sanborn & Daughters in 1995. ABBB was founded in 1945.

Five California Women Receive Awards for Excelling in Accounting, Volunteering

A Vietnamese refugee, an executive recruiter and the only Latina California lottery commissioner are among five women who today received Women to Watch Awards from the California Society of CPAs (CalCPA). The women were honored during a daylong Women’s Leadership Forum.

Kim Le

Kim Le

CalCPA presented Kim Le with its Trailblazer Award, which recognizes an individual with a story so inspiring, it deserves its own category. The founder and CEO of A2Q2 of Redwood City, Calif., Le is a Vietnam refugee who grew up in Minnesota. Her firm’s services include SOX compliance initiatives, internal audits and mergers and acquisitions due diligence and integration.

Le is heavily involved in community activities, including working with and speaking on behalf of Ascend Leadership, a nonprofit organization for Pan-Asian business professionals.

Katie McConnell

Katie McConnell

Tapped for the Emerging Leader award was Katie McConnell, director of recruitment and development for Roseville, Calif.-based Gallina LLP (FY13 net revenue of $37.1 million). Besides launching Gallina’s executive recruitment service for its clients, McConnell has mentored accounting students at her alma mater, California State University, Sacramento.

Jennifer Farr

Jennifer Farr

Three women received the Experience Leader Award: Jennifer Farr, shareholder and lead managing director at Cleveland-based CBIZ & Mayer Hoffman McCann PC’s (FY13 net revenue of $532 million) Irvine, Calif., office; Bertha Minnihan, a partner with and national practice leader in employee benefit plans for Seattle-based Moss Adams LLP’s (FY13 net revenue of $403 million) San Francisco office; and Connie Perez, a partner with Brown Armstrong Accountancy Corp. of Pasadena, Calif.

Farr specializes in providing audit and tax services to charitable organizations, foundations and government agencies. In addition to her duties with CBIZ, she is the chair of the financial review committee of the United Way of Orange County. In 2013 she started monthly Mission Luncheons, a program at her office in which local nonprofit executives discuss their mission and seek volunteers from the firm’s employees.

Bertha Minnihan

Bertha Minnihan

Minnihan is a recognized authority on employee benefit plans and has frequently spoken about the topic at national and regional conferences. She currently serves as chair of the annual CalCPA employee benefit plans audit conference. Minnihan also is an active community volunteer, including currently serving on the finance committee for the Catholic Community Foundation of Santa Clara County and on the advisory committee for the Leavey School of Business at Santa Clara University.

Connie Perez

Connie Perez

Perez serves on the AICPAs’ national commission on diversity and inclusion. She also is the only Latina commissioner on the California State Lottery Commission and is a board member and treasurer for the California Hispanic Chambers of Commerce.

In 2012, Perez founded the first career day at her former grammar school, Woodville Elementary, Porterville, where 14 speakers shared their stories with students predominantly from the nearby labor camp where her family once lived.

CalCPA selected the experienced and emerging leader recipients in partnership with the AICPA and the AICPA’s women’s initiatives executive committee. The Trailblazer Award was presented solely by CalCPA.

Criteria for both the emerging leader and experienced leader categories included community or public service. Candidates for the Emerging Leader Award also were evaluated on their demonstration of leadership, contributions to the profession, creation and implementation of unique initiatives and involvement with educational institutions.

Additional criteria for the experienced leader category included authorship of articles, contributions to the CPA profession and mentorship of other professionals.

M&A Update – Dec. – Jan.

Denver-based Anton Collins Mitchell acquired Doty, Lyle and Jones of Boulder, Colo. The firm has grown from three partners and 24 employees to 17 partners and directors and more than 100 employees since 2002. ACM opened an office in Greeley, Colo., in October 2010 through the acquisition of Watkins & Schommer Inc.

Chicago-based BDO USA (FY11 net revenue of $572 million) acquired New York-based Salibello & Broder. S&B has a staff of more than 50 in New York and eight staff members in Los Angeles, all of whom will relocate to BDO offices in both cities. Six S&B partners, Sal Salibello, Gary Broder, Tony Calabrese, Joseph Capparelli, Ross Rizzo and Dan Zeman will be become partners at BDO.

Enterprise, Ala.-based Carr, Riggs & Ingram (FY10 net revenue of $85.9 million) acquired Hoyman Dobson CPAs of Melborne, Fla. “Hoyman Dobson’s professionals are a technical and cultural fit with CRI, and this merger is mutually beneficial,” says William Carr, chairman and MP of CRI. CRI has offices in Alabama, Florida, Georgia, Kentucky, Louisiana, Mississippi, Tennessee and Texas.

Cleveland-based CBIZ (FY10 revenues of $590.6 million) acquired Gresham Smith of St. Louis on Nov. 4. GS partners David Gresham and Michelle Smith and 12 staff joined the CBIZ office inSt. Louis.

Fargo, N.D.-based Eide Bailly LLP (FY11 net revenue of $151.4 million) acquired the Boulder, Colo., firm of William D. Pyle & Associates. The acquisition of this tax practice adds nearly 350 clients to EB’s existing client base.

Kettering, Ohio-based Flagel, Huber, Flagel & Co. will acquire Dohner, Louis & Stephens Inc. Jan. 1 and operate under the Flagel name. The combined firm will have 60 employees, including 13 partners, says Randy Kuvin, Flagel’s MP.

New York-based Friedman LLP (FY10 revenues of $64.2 million) acquired Saccomanno Valuation Group. Michael Saccomanno joined Friedman as a partner in the firm’s forensic accounting, litigation support and valuation group, in the Marlton, N.J., office.

Chicago-based Grant Thornton (FY10 net revenue of $1.1 billion) acquired Westborough, Mass.-based CCR LLP (FY10 net revenue of $29 million) on Dec. 1. The acquisition expands GT’s presence in New England, doubling the size of the practice and expanding the firm’s current Boston office. “Acquiring the practices of a large, full-service firm like CCR better enables us to serve clients throughout New England, broadens and deepens our talent base, and strengthens our foundation for growth,” says Stephen Chipman, GT’s CEO. Larger firms acquiring smaller competitors have increased in Connecticut over the past few years. In October, New York-based J.H. Cohn announced that it was acquiring Kostin, Ruffkess & Co. in Farmington, Conn., and earlier this year, West Hartford, Conn.-based BlumShapiro acquired Needel, Welch & Stone ofRockland,Mass.

New York-based Marcum LLP (FY10 net revenue of $250.8 million) acquired the Boston firm of Robert, Finnegan & Lynah.

Houston-based McConnell & Jones acquired Adamson, Hood & Co., Houston. Rick Adamson and Dee Ann Creach joined M&J as partners in October.

Calgary, Alberta-based MNP will acquire Williams McGuire AML Inc., Canada’s largest dedicated anti-money laundering (AML) firm effective Jan. 1. The firm will join MNP’s Investigative & Forensic Services practice. where MP Matthew McGuire will become the national leader of MNP’s AML Services line. “We are very excited about Matthew and his team joining MNP. Although we had a strong AML practice already in place, we were looking to enhance this service offering and bolster our national presence and couldn’t have found a better fit,” says MNP CEO Daryl Ritchie. “This merger gives MNP unparalleled AML expertise, with experience in criminal money laundering investigations, financial regulatory bodies, and business processes and internal controls.”

Moss, Krusick & Assoc., (FY10 net revenue of $2.3 million) of Winter Park, Fla., acquired Dexter & Assoc. of Orlando, Fla. James Dexter will become partner at MK. “The merger furthers MK’s reputation as one of the up-and-coming, growing firms in the Orlando marketplace,” says MK’s MP Ed Moss. MK was recently recognized as one of the top five fastest-growing firms, under $3 million, by IPA.

Knoxville, Tenn.-based Pershing Yoakley & Assoc. acquired the Atlanta firm of GatesMoore. The combined firm will have more than 180 employees. The firm also has offices inAustin,Texas, andTampa.

Elk Grove Village, Ill.-based Porte Brown acquired Meador Stratton of Highland, Ind. This was the third acquisition for PB in 2011, and the first in Indiana. Meador partners, Ralph Meador and Louis Stratton, along with the firm’s employees joined PB in December. PB now employs more than 75 people.

Bethesda, Md.-based Reznick Group (FY11 net revenue of $202.5 million) acquired the technical consulting firm Think Energy, Inc. The new entity will be called Reznick Think Energy, LLC. Leveraging TE’s technical experience in clean energy, sustainability and energy efficiency, the new subsidiary will provide a range of services including investor due diligence, on-site renewable energy feasibility assessments, procurement management, technology assessment and permitting support. “The team at TE brings a tremendous skill set and history of success that is a perfect fit for RG’s proficiency in accounting, tax and business advisory services,” says Tim Kemper, Reznick’s renewable energy practice leader.

Pleasanton, Calif.-based Sensiba San Filippo (IPA estimate of $15 million) finalized the acquisition of W.H. Mayer Accountancy Corp., (one partner, 10 staff) ofPleasanton.

Princeton, N.J.-based WithumSmith+Brown (FY11 net revenue of $76.3 million) acquired New York-based EisnerLubin LLP, with about $11 million in net fees, nine partners and 55 professionals. Robert Simon, EisnerLubin’s former MP, will continue to be the PIC of the New York City office. “We have been seeking a New York City-based partnership for a long time to solidify our position in Manhattan in order to better serve – and expand – our metropolitan New York client base,” says WS+B MP William Hagaman Jr.