Company Announcements: Week of May 6, 2013

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Baker Tilly Virchow Krause (Baker Tilly) has published "Why All Companies Should Embrace Certain SOX Principles", an educational article written to help executives understand the benefits of implementing SOX practices across their organization.

Companies face greater and greater internal and external threats. Internal controls and corporate governance can assist organizations in mitigating certain risks and positioning them to take advantage of new opportunities. SOX principles can act as a framework to assist companies in achieving strong corporate governance and internal controls.

"Managing your organization's risk is essential in today's business environment", said Christine Anderson, CPA, CITP, managing partner - assurance, and financial services industry leader at Baker Tilly. "SOX principles can help companies to understand and mitigate risk in their organization."

"Why All Companies Should Embrace Certain SOX Principles" is available on the Baker Tilly website and includes information on the following:

  • Recent changes from the Committee of Sponsoring Organizations of the Treadway Commissions (COSO) to SOX implementation.
  • Benefits of implementation to private companies, including risk assessments, with a focus on financial reporting, documentation of processes, and determining design deficiencies and operating deficiencies.


Crowe Horwath LLP, one of the largest public accounting and consulting firms in the United States, recently named a managing partner of Manufacturing and Distribution (M&D) services and elected one new partner and five new directors in the following lines of business:

Managing Partner

Doug Schrock was named managing partner of the M&D group. Based in the Crowe New York office, Schrock's experience includes working with hundreds of manufacturers and distributors with revenue ranging from $10 million to $80 billion. He is a frequent speaker to groups such as Association for Corporate Growth (ACG), PE Operating Partners Network, and the M&A Leadership Council. Schrock has written articles for CFO magazine, Mergers & Acquisitions magazine, IndustryWeek, and Harvard Business Review. He joined Crowe in 1991 as an industrial engineering graduate from Purdue University. 


Joe Macina joined Crowe as a partner in audit services in the New York office. Macina has more than eighteen years of experience serving public and private entities, providing them with audit, review, attestation, and advisory services. He was previously a partner with KPMG. Macina graduated from St. John's University with a degree in accountancy.


  • Tom DeMetrovich, tax (Dallas/Fort Worth, Texas)
  • Sean Duffy, tax (Fort Wayne, Indiana)
  • Steve Lalor, tax (New York, New York)
  • Duane Lisowski, performance consulting (Chicago, Illinois)
  • Andrew Schweik, risk consulting (Oak Brook, Illinois)


Grant Thornton LLP has named Tom Freeman office managing partner of its Cleveland practice effective August 1. In addition, the firm named Jeff Robinson as leader of the Cleveland audit practice and Chad Davies as leader of the Cleveland tax practice, also effective August 1. 

Freeman succeeds Dan Zittnan who will become the office managing partner of the firm's Detroit practice effective August 1. Freeman has extensive experience in M&A transactions, including tax due diligence and structuring matters for both PEIs and strategic buyers, set up and formation issues with respect to private equity investor funds, and tax issues related to cross-border transactions. Prior to joining Grant Thornton, Freeman spent more than twenty years with Deloitte. Freeman received a bachelor's degree in accounting and a master's degree in taxation from the University of Akron.

Robinson will take on his new role from Kevin Schaffner, who will continue to focus on his client serving role in the firm's audit practice. Davies succeeds Freeman in the Cleveland tax practice leader role. Robinson has more than twenty years of experience in the manufacturing and distribution industries, including work with mergers and acquisitions. His primary focus is on middle-market and private equity owned companies. He began his career with Arthur Andersen. He received a bachelor's degree in accounting from the University of Akron. 

Davies, who has more than fifteen years of experience, has led the Cleveland state and local tax practice since joining the firm in 2002. He focuses his practice on state and local income, franchise and property tax consulting and compliance for both public and private companies. He has experience working with tax authorities to claim numerous tax credits and incentives and has represented clients before taxing authorities. He began his career with Arthur Andersen before joining Grant Thornton. He received a bachelor's degree in business administration from Baldwin Wallace University. 


Grant Thornton LLP named Joshua Bushard as leader of the firm's Minneapolis audit practice effective August 1.

Bushard has served as an audit partner in Minneapolis since 2004 and has been with the firm for eighteen years since earning a bachelor's degree in accounting from the University of St. Thomas. Bushard serves publicly and privately held companies primarily in the manufacturing and hospitality industries, with a focus on food and beverage companies. He has extensive experience working with clients on SEC reporting, acquisition, and divestitures of entities, and he has served as an investigator or arbitrator in various disputes. 

He serves as the local office sponsor for the Women at Grant Thornton initiative, whose mission is to enhance the recruitment, retention, and advancement of women into leadership positions. 


Jeff Wald is named CEO ofKennedy and Coe, LLC, ranked as a top 100 CPA and consulting firm. The firm serves clients across the country and around the world. Wald succeeds Kurt Siemers who retired March 31 from his forty-two-year career with the firm, the last ten of which he served as CEO.

Wald, based out of the firm's Loveland, Colorado, office, joined Kennedy and Coe in 1995, became a member in 2003, and was elected to the firm's management board in June 2009. Before his appointment as CEO, he led Kennedy and Coe's Wealth Creation Group. 

Before becoming CEO, Wald consulted extensively with clients on business transactions, including sales, mergers, and acquisitions. His expertise includes deal structure, organizational structure, tax planning, and estate planning strategies. Wald earned his Bachelor of Accountancy from the University of North Dakota.


Lattimore Black Morgan & Cain, PC (LBMC), one of the Southeast's largest accounting and business consulting firms, has added Rhonda Chancey, CPA, in its Chattanooga office. 

Chancey has joined the firm as a tax manager in the state and local tax services division where she will be working with a variety of industries and large multistate and multidivisional organizations. She has vast experience in manufacturing and has a particular expertise in consulting on the areas of sales tax, property tax, and state income tax consulting. She comes to LBMC from Playcore where she served as the director of tax.

Chancey is a graduate of the University of Tennessee at Chattanooga where she received her bachelor's degree in accounting. 


LBMC Security & Risk Services, a division of Lattimore Black Morgan & Cain, PC, earned first place in the Symantec Nashville Cyber Readiness Challenge held at the Franklin Marriott Cool Springs in Franklin, Tennessee. LBMC Security & Risk Services, one of LBMC's fastest growing service lines, provides a wide range of services including penetration testing, web application assessments, and compliance services to numerous domestic and international companies and government entities.

The Symantec Cyber Readiness Challenge is a competition designed to put participants in the hacker's shoes to understand their targets, technology, and thought processes so they can ultimately better protect their company or clients.

"We are extremely proud of our LBMC team, and this is just one more example of our continuing efforts to stay on the offensive understanding the threat landscape and providing security solutions in this constantly changing environment. Not only did one of our professionals take first place, members of the LBMC Security & Risk Services team took three of the top five spots", said Thomas Lewis, partner in charge of LBMC Security & Risk Services. "The experience and expertise of the LBMC Security & Risk Services team is unmatched in our local market, and I believe this event demonstrates some of the best talent in the business in any geography." 

The competition took the form of a "capture the flag" style cyberattack simulation, with players competing against each other in a race to discover hidden vulnerabilities within the testing environment.

The LBMC participants were Lucas Gates, Stewart Fey, and Brooke Mullican.


Atlanta-based accounting firm Moore Colson has been named a Top 100 Workplace by the Atlanta Journal Constitution for the third consecutive year. Founded in 1981, Moore Colson is a full-service accounting and consulting firm located in Atlanta, Georgia. 

The Atlanta Journal Constitution recently published "Top Workplaces 2013" on April 28 - a list of the best places to work in the Atlanta metro region. Moore Colson was featured in a special section of the Atlanta Journal Constitution and also online at The evaluation process for the Top Workplaces program was based solely on feedback from an employee survey. The employee survey is conducted by WorkplaceDynamics, LLP, a leading research firm on organizational health and employee engagement. The Top Workplaces for 2013 included three categories: small, medium, and large companies.

"Our firm has a unique culture and it's based on a 'family first' mentality. As an accounting firm, we work hard, but we also go to great lengths to provide a positive working environment while implementing flexibility for everyone. From vacation to our special summer hours program, we go the distance and encourage our people to spend time with their family and friends. We also provide them with special events throughout the year including: themed CPE programs at the movies, bobbleheads for special employee anniversaries, busy season get-togethers at a partner's home, an end of busy season party, a summer outing, and an employee Peak Award", says Bob Kiser, managing partner at Moore Colson. 

"It is evident that our clients' continued trust in us, and their patronage and support, is a direct reflection of our employees' professionalism, performance, expertise, and client service that they provide to them daily", says Kiser.

Moore Colson was previously named as one of the Best Places to Work by the Atlanta Business Chronicle and a Top Workplace in 2011 and 2012 by the Atlanta Journal Constitution.

For more information about the Top Workplaces lists and WorkplaceDynamics, visit and


Moss Adams LLP, one of the largest accounting and business consulting firms in the nation, today announced Rhonda Powell as its director of tax. She replaces Dick Fohn, who was elected president and COO in October 2012. In her new role, effective immediately, Powell will work closely with the firm's executive and tax committees to manage and strengthen the firm's tax practice and risk management as well as implement the firm's strategic tax initiatives. 

Powell brings more than twenty years of tax-related experience to the position as well as a demonstrated commitment to the tax practice at Moss Adams. Prior to her role as director of tax, Powell most recently served as a lead partner in the firm's professional practice group, addressing tax practice management issues, including firm tax policies and procedures. In addition, she has led the accounting for income taxes group since joining Moss Adams. Her experience also includes providing or coordinating a broad array of tax consulting services, including accounting methods, research tax credits, international tax, and state and local tax. 

Prior to joining Moss Adams more than seven years ago, Powell spent fifteen years with Ernst & Young LLP's Seattle and national tax offices and has served many clients in a variety of industries, including technology, automotive, forest products, manufacturing, retail, and utilities. Powell received her MS in taxation and BS in accounting from Brigham Young University.


REDW Stanley Wealth Advisors, LLC, an SEC registered affiliate of REDWLLC and a respected investment advisory firm with a primary focus on serving clients in the Southwest, is pleased to announce the addition of Robert Elzholz as trading and investment manager in the firm's Phoenix office.

Elzholz has more than twelve years of industry experience developing and customizing financial, estate, and income planning solutions for a variety of clients, including family owned businesses, business owners, and individuals at all stages of their lives. As the trading and investment manager at REDW Stanley, he will be responsible for business development and oversight of financial services in the Phoenix market.

Elzholz worked most recently as a financial advisor and vice president of investments for JP Morgan Chase Wealth Management's Phoenix office. Prior to that, he owned and operated E&K Financial Services, LLC, a firm dedicated to providing fee-based financial solutions. Earlier in his career, Elzholz was a financial advisor for USAA in Phoenix. 

Elzholz holds a bachelor's degree in technical management from DeVry Institute of Technology, and he is a designated chartered retirement planning counselor (CRPC®) and accredited asset management specialist (AAMS®). He is Series 7, 63, and 65 licensed.


The International Accounting Group (TIAG®) will conduct its twentieth international conference in Boston May 6-8. Continuing to provide its members with unmatched access to accounting and legal professionals, TAGLaw®, TIAG's sister alliance of independent law firms, will also convene for its twenty-eighth international conference. The two alliances will conduct joint sessions on the second day of the conference.

Among the many notable sessions at the conference is "The Accounting Profession 2025" to be presented by AICPA Vice President of Small Business Interests Jim Metzler. In this session, Metzler will blend the output and analysis from the AICPA's Horizons 2025 Initiative with his practical insight into what firms can do today to harness the many opportunities that will unfold over the next fifteen years. The AICPA's Horizons 2025 Report is comprised of insights from accountants, business owners, regulators, and futurists. 

"Members of TIAG are continually looking ahead, and for many, joining our alliance has given their firms an advantage today and for their future", said Robert Sattin, President of TIAG. "We look forward to hearing Mr. Metzler's insights into the future of the accounting industry and how our firms can be prepared for the future."

Additional conference sessions include: 

  • "Building Your Firm's Online Reputation" presented by Roy Keely of xCentric
  • "Working with Your Client's CFO" moderated by Norm Posner of TAGLaw member firm Samet & Company in Massachusetts
  • "Using TIAG to Grow Your Firm & Growth by Acquisition" presented by Howard Wilkinson of TIAG member firm Mercer & Hole in London, England
  • "How Professional Advisors Can Add Value to Not-for-Profit Clients" presented by Anthony Wilson of Cambridge Associates LLC
  • "Helping Your Clients Succeed - The Imperative of Business Acumen" presented by Mark Maraia of Maraia & Associates, Inc.
  • "Update on the FASB and IASB Convergence Project" presented by Patricia Donoghue of the Financial Accounting Standards Board (FASB)
  • "Tax in the Cloud" presented by Gregory Bryant of TAGLaw member firm Williams Mullen in North Carolina and Virginia

In addition, TIAG and TAGLaw will facilitate breakout sessions on firm management and opportunities for specialists in various aspects of accounting and law to exchange ideas and experiences.



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