1. OVERVIEW
THE SIEGFRIED GROUP, LLP
Key Facts About
The Siegfried Group Who is The Siegfried Group?
# of Fortune 100 Clients 17 The Siegfried Group is the nation’s only CPA firm dedicated exclusively to providing
major organizations with ready access to consultant-quality accounting and finance
# of Fortune 1000 Caliber Clients 160+ professionals to assist with important financial work. These full-time, career-focused
Total ARS Clients 340+ Siegfried employees are highly motivated and committed to executing our clients’
initiatives.
First ARS Client DuPont
Sole National Provider to a Big 4 CPA Firm Key Points
- We provide high-caliber professionals through our distinctive delivery model –
Accounting and Financial our leadership team works closely with our clients to understand their needs
Professionals 300+ and to tailor resource solutions that best enable our clients to meet their
strategic objectives.
2007 Net Revenues $86M
- Siegfried professionals offer a unique value proposition combining (1)
20 year CAGR 42% Chemistry/Connection; (2) Commitment/Flexibility; (3) Mental Agility/Analytical
Inc. 5000 Rank 902 Ability; (4) all based upon solid Experience and Expertise.
Local Offices 16
Founded 1988 What is Accounting Resource Services?
CEO and Founder Robert L. Siegfried, Jr, CPA A hybrid of traditional consulting and staffing. The Siegfried Group combines the
Headquartered Wilmington, DE two for a powerful result: access to top-notch consulting professionals as-needed.
By allowing clients to maintain primary project control, Siegfried’s Accounting
Partial List of Industries Served: Resource Services model minimizes project risk, accelerates delivery time and
1. Automotive results in cost efficiencies – a better and faster resource solution at a reduced cost.
2. Business Services
3. Chemical
Key Points
4. Consumer Products
5. Electronics - In traditional CPA / consulting, both the control of the project and the financial
6. Energy and Utilities team are outsourced to the consultant. With ARS, clients retain direct control
7. Entertainment over the project which results in a more timely solution at a lower cost.
8. Financial Services - Access to high-caliber professionals that are capable of working independently
9. Food or as part of a team and has the confidence to complete projects of critical
10. Health Care importance with high-level direction.
11. Insurance - Accounting Resource Services provides large companies with the flexibility to
12. Manufacturing augment in-house staff with a hand picked team of professionals to respond to
13. Pharmaceutical
14. Retail
special projects – and therefore avoid the significant expense of maintaining
15. Technology internal staff at idle capacity.
Partial List of Projects:
X% Factor
1. Accounting Reconciliation & Process
- Flexibility to manage the number of resources and capacity to complete
Enhancements
2. Assurance important variable work
3. Controllership & Accounting Management - Ready access to a select group of high-caliber professionals that fill a void
4. External Financial Reporting/SEC within the company and that are motivated and fully dedicated to executing the
Management clients initiatives
5. Financial Analysis and Forecasting - Customizable project teams with the skills and expertise that meet the specific
6. Internal Management Reporting needs of the engagement
7. Merger, Divestiture and Acquisition - Focused group of professionals that are solely dedicated to the project and
Support highly productive
8. SOX/Internal Audit
9. Tax Resourcing
Serbrina Cammerato
Managing Director – Charlotte, NC
scammerato@siegfriedgroup.com | 704.280. 7122

2. The Growing Need and Demand for Accounting Resource Services
ARS is the fastest growing market segment within the accounting industry – and is likely to be the industry’s leading growth
area for at least the next decade. Estimated U.S. revenue for this sector today is at least $5 billion.
Demand for ARS driven by:
- Decades of right-sizing and down-sizing have significantly reduced the number of corporate accounting and financial staff
that can be deployed to address surges in critical work
- Business dynamics and increased competitive pressures; balance of responsibility, authority and resources
- Significant increase in the number and frequency of critical accounting and finance projects
- Overall decline in the number of high quality finance and accounting professionals
- Complexity of regulatory environment; increased regulatory scrutiny; heightened responsibility of financial executives
How Corporate Clients Utilize Siegfried ARS
1. When a company needs to address a strategic project of critical financial importance, Siegfried will work with clients to
identify the appropriate professionals to join the client’s project team. This process is interactive, easy and flexible. Projects
typically range from 3 to 6 to 9 months.
2. These professionals will report directly to the client’s project lead, who controls – and is responsible for – the project.
3. Under this flexible delivery model, Siegfried’s accounting resource professionals remain on the project for as long as they are
required by the client. All that is needed is formal 30 days notice. At the discretion of the client, the accounting resource
services provider can work with Siegfried to increase, reduce, or replace the professionals with other skill sets as needed.
HOW WE COMPARE
Dedicated Estimated Public Accounting
Employee Status Price ARS Focus Average Age # US Offices vs. Staffing Firm?
TSG Full-time $$$ Yes 30 19 CPA
Big 4 Full-time $$$$$ No 90+ CPA
Other Large CPA Firms Full-time $$$$ No 50+ CPA
Resources Global
quot;Employeesquot; $$$ Yes 40+ 51 Staffing
Professionals
RHI Management Resources Contractors $$$ No 91 Staffing
Protiviti Full-time $$$$ Yes 30 Staffing
Jefferson Wells Contractors $$$ No 40+ 42 Staffing
Siegfried ARS vs. Consulting/Big 4 Siegfried ARS vs. Staffing
1. Consulting relationships, in general, are notably more
expensive. 1. The Siegfried Group is a CPA firm. None of the staffing
companies are CPA firms. As a result, The Siegfried Group
2. Consulting relationships generally provide the corporate client better understands the challenges our clients face.
with less control than accounting resource services
relationships. Consulting assignments are lead by a senior 2. The Siegfried Group’s sole focus is accounting resource
consultant, while accounting resource services assignments services.
are lead by an executive within the client company. Many
critical projects are best handled under an ARS model where 3. The Siegfried Group’s employees are all full-time accounting
the client maintains primary control. and finance professionals ascending in their careers. They
have a unique combination of chemistry, commitment, mental
3. Greater control by the client in a Siegfried ARS relationship agility and expertise.
often enables a company to complete a critical project in a
more timely fashion. This additional control also has become 4. Siegfried professionals assigned to an engagement are there
increasingly important to many companies, in light of new for the duration of the project or until the client provides formal
regulations that have increased CEO, CFO and Audit 30 day notice that they would like to return the professional.
Committee member accountability.
5. Also, as a full-time employee, Siegfried professionals are
4. Sarbanes-Oxley legislation effectively precludes Big Four and passionate about delivering exceptional client service and are
other accounting firms from providing consulting services to eager to take on challenging experiences that advance their
audit clients. This constraint does not exist for The Siegfried professional development.
Group because we do not audit public companies or opine on
financial statements.