Crowe Horwath Overview 0811


Published on

Crowe Horwath Overview

  • Be the first to comment

  • Be the first to like this

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Crowe Horwath Overview 0811

  1. 1. Introducing Crowe Horwath LLPCrowe Horwath LLP Firm OverviewNovember 2010
  2. 2. The Unique Alternative to the Big Four®The Unique Alternative to the Big Four® Chuck Allen, CEO of Crowe Horwath LLP Why companies are turning to Crowe Horwath LLP as their “Unique Alternative to the Big Four” for public accounting and consulting services: Crowe’s national reputation and global reach; Access to technical expertise and thought leaders in our functional areas:  Audit  Tax  Advisory  Risk  Performance Crowe’s industry specialization Our commitment to client service excellence and building lasting relationships.Audit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 2
  3. 3. The Unique Alternative to the Big Four®Access to Technical Expertise and Thought LeadersUnlike other leading firms, Crowe encourages clients to have direct access to our practiceleaders. Staying involved and in touch with client issues provides value for our clients – as wellas market intelligence for us. Audit. Crowe is one of ten public accounting firms subject to an annual Public Company Accounting Oversight Board inspection. We represent our clients’ concerns to the same committees and task forces as the Big Four firms. Tax. Recognized federal, state and local, and international tax specialists contribute their expertise to the CCH® Tax Research NetWork ™ and work directly with clients to optimize tax functions and enhance shareholder value. Advisory. Crowe has solid experience in serving the private equity market for more than 20 years. Eleven of Crowe’s top 25 clients are private equity groups and have a combined total fund size of $100B. Risk. In an independent research project conducted in 2007 by Forrester Research Inc.*, Crowe was included in an evaluation of “the top 10 risk consulting providers from among 200 peers.” Crowe was cited as a “strong performer” among The Forrester Wave™ risk consulting providers. Crowe’s “ … client reference scores were among the highest in this evaluation, demonstrating that smaller and more nimble firms are ready to adapt and respond to clients more quickly … ” Performance. Crowe professionals have both industry expertise and technical knowledge, with experience in leading technologies and process best practices. Our thought leaders collaborate with clients at all levels of their organizations. *The Forrester Wave: Risk Consulting Services, Q2 2007 (June 2007) The Forrester Wave is a trademark of Forrester Research Inc. CCH is a registered trademark and Tax Research NetWork is a trademark of CCH Inc.Audit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 3
  4. 4. The Unique Alternative to the Big Four®One of the Nation’s Largest Public Accounting and Consulting Firms For the 14th consecutive year, Crowe was PAR Top 100 List for 2008 ranked as one of the nation’s largest public accounting and consulting firms. Crowe is the 9th largest U.S. public accounting and consulting firm (based on U.S. net revenue) and has the 8th largest SEC* audit practice (based on the number of SEC clients) – “Public Accounting Report” (PAR) Top 100 List for 2008. Among the non-Big Four national firms, PAR ranks Crowe as the “Performance Leader” in the net revenue/profitability category. Crowe is also ranked as the non-Big Four national firm “A&A Practice Leader” based on its high percentage of assurance revenue (65 percent). *U.S. Securities and Exchange CommissionAudit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 4
  5. 5. The Unique Alternative to the Big Four®“Public Accounting Report” (PAR) Audit Change Leaderboard Crowe Horwath LLP ranked first on the PAR SEC Audit Change Leaderboard* for the full year of 2009. The firm’s net gain of 24 SEC entities topped all other firms. Crowe posted across-the- board net gains in:  Revenue audited;  Assets audited; and  Audit fees gained for the year. Crowe and only one other firm posted positive net gains in SEC entities for the full year. *Source: “Public Accounting Report” (PAR) Jan. 31, 2010Audit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 5
  6. 6. The Unique Alternative to the Big Four®Celebrating Nearly 70 Years of Stability and Growth Crowe’s Double-digit Growth Founded in 1942, Crowe is 500 celebrating nearly 70 years of stability, growth, and innovation. 450 400 Crowe is one of the fastest - growing firms over the past 40 350 years, with an average annual 300 growth rate of 17%. 250 Crowe employs 2,400 people 200 throughout the United States. 150 100 We are committed to a national expansion program that aligns 50 with serving the needs of our 0 clients. 2002 2003 2004 2005 2006 2007 2008 2009 2010 Annual Revenue, in MillionsAudit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 6
  7. 7. The Unique Alternative to the Big Four® Core Services Overview  Audit External Federal Audit Financial  9th largest audit provider in the Reporting United States and No. 1 in net new State & SEC audit clients gained in 2009 - Local Accounting PAR Advisory  Tax International Specialized  Fastest-growing tax practice of all Audits U.S. firms – PAR; Spring 2009 and Spring 2010 Governance Transaction  Advisory Services  Crowe offers a full suite of financial ERM Business Valuation advisory services. Organization Services  Risk Internal Audit Restructuring  One of the top 10 risk consulting & Insolvency firms in the world – The Forrester Compliance WaveTM Report; Forensic  Performance Technology Performance Services Risk M&A  Awarded the Microsoft® Business Fraud & Integration Solutions President’s Club Award Ethics (four consecutive years) Change Performance Management AdvisoryThe Forrester Wave is a trademark of Forrester Research Inc. Revenue Operational Enhancement Improvement Audit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 7
  8. 8. The Unique Alternative to the Big Four®Our Goal: An Exceptional Client Experience Annually since 2002, we have hired an independent research firm to survey clients to help us understand how we can improve our service and earn their trust and recommendations. We use three primary criteria to determine our Secure Customer Index® (SCI ®) score. We evaluate whether or not our clients are:  Very satisfied;  Definitely would recommend us to others; and  Definitely would use Crowe again. Very satisfied Over the last six years, we have outperformed the normative SCI® by an average of 34 percent. Secure Our clients cite Crowe’s strengths as:  Having access to the partners assigned Client to their accounts; Definitely Definitely  Having personnel who put forth extra effort continue would to meet their needs; and to use recommend  Being easy to work with. Secure Customer Index and SCI are registered trademarks of Burke Inc.Audit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 8
  9. 9. The Unique Alternative to the Big Four®Our Goal: An Exceptional Client Experience 60% 51% 50% 40% 30% 28% 20% 19% 20% 20% 16% 12% 10% 0% Crowe Total Big 4 National Regional Local Boutique Comp. Secure Customer Index® and SCI® are registered trademarks of Burke, Inc. Crowe’s clients who also work with other types of firms rate Crowe significantly higher in SCI® than all major competitor categories:  Three times higher than the Big Four; and  Fifty percent higher than Burke Inc.’s B2B industry benchmark (34%).Audit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 9
  10. 10. The Unique Alternative to the Big Four®Global Reach: A Leading Independent Member Firm ofCrowe Horwath International Frank Arford, CEO is former COO of Crowe Horwath LLP Crowe Horwath LLP serves clients throughout the United States and worldwide as a leading member firm of Crowe Horwath International. “International Accounting Bulletin” (IAB) 2009 World Survey ranks Crowe Horwath International as the 9th largest international professional services organization. Crowe Horwath International has more than 140 member firms with approximately 590 offices and 28,000 professionals and staff in more than 100 countries around the world.  North Asia Pacific  South Asia Pacific  Western Europe  Central Europe/Austria  Middle East/Africa  North America  Central America/South AmericaAudit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 10
  11. 11. The Unique Alternative to the Big Four®For more information, contact:Jeffrey LyonsDirect 215.735.7722Mobile 917.414.9867Jeffrey.lyons@crowehorwath.comCrowe Horwath LLP is an independent member of Crowe Horwath International, a Swiss verein. Each member firm of Crowe Horwath International is a separateand independent legal entity. Crowe Horwath LLP and its affiliates are not responsible or liable for any acts or omissions of Crowe Horwath International or anyother member of Crowe Horwath International and specifically disclaim any and all responsibility or liability for acts or omissions of Crowe Horwath International orany other Crowe Horwath International member. Accountancy services in Kansas and North Carolina are rendered by Crowe Chizek LLP, which is not a memberof Crowe Horwath International. This material is for informational purposes only and should not be construed as financial or legal advice. Please seek guidancespecific to your organization from qualified advisers in your jurisdiction. © 2011 Crowe Horwath LLPAudit | Tax | Advisory | Risk | Performance © 2011 Crowe Horwath LLP 11