UHY strengthens presence in the Middle East: New member firm in Egypt joins the UHY network

We welcome two full member firms to the global accountancy network UHY, extending our coverage within the Middle East region: United For Auditing, Tax, Advisory & Financial Services, and in Alexandria, Waled Mounir and Muhammad Arafa. The firms are in the process of adopting the UHY branding and will soon be known as UHY United For Auditing, Tax, Advisory & Financial Services and UHY Waled Mounir and Muhammad Arafa respectively.

Our primary office in Cairo, United For Auditing, Tax, Advisory & Financial Services, with a team of 27 staff including four partners, previously partners with Big 4 audit firms, bring together over 30 years of professional and wide-ranging experience in audit, tax, advisory and transaction services to a portfolio of domestic and international clients primarily represented in the banking & financial services, construction, manufacturing, oil & gas and tourism sectors.

Managing partner, Nabil Istanbouli of United For Auditing, Tax, Advisory & Financial Services comments: “Being part of the UHY global network underpins our own values, commitment to deliver quality services and our vision of partnering with our clients to provide agile and practical solutions. We look forward to elevating our business through a successful cooperation with other member firms operating within Egypt and the wider UHY network.”

Based in Alexandria, Waled Mounir and Muhammad Arafa, established in 2013, brings further wide-ranging experience in audit, accounting, tax, insolvency and corporate recovery, corporate finance and consultancy services to a diverse portfolio of primarily clients represented in the construction, logistical solutions, shipping and transport sectors. The firm’s partners founded a not-for-profit organisation AAIA, an Association of Accountants and Internal Auditors, supporting companies in the Arab world with qualified accountants and internal auditors.

Managing partner, Waled Mounir of Waled Mounir and Muhammad Arafa comments: “We are committed to provide the necessary competitive resources to help our clients operate more efficiently in a global market place. The global presence of the network combined with the expertise and knowledge of UHY’s 8,100 colleagues around the world will also enhance those of our clients and their operations.”

Rick David, chairman of UHY comments: “Egypt as a country has seen many welcomed reforms recently to stabilize and strengthen its economic position driven by public investments, private consumption, and exports of goods and services. We are delighted to welcome to the UHY network two new member firms in Egypt, equally enthusiastic, entrepreneurial and keen to join their efforts.

The firms will greatly extend our footprint in the Middle Eastern region and strengthen UHY’s regional market expertise, enhance our values and capabilities to serve our international clients who have investments and a business presence in this country and the wider region.”

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About UHY LLP
UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are US members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

United For Auditing, Tax, Advisory & Financial Services
Contact: Ahmed Hegazy on +20 2 251 75598 Email: ahmed.hegazy@uhy-united.com W: www.uhy-united.com
Waled Mounir and Muhammad Arafa
Contact: Waled Mounir on +20 3 424 3371,waled.mounir@uhy-eg-alex.com, www.uhy-eg-alex.com

About UHY
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 320 major business centres across 100 countries. Our staff members, over 8,200 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

Walsh IT Faculty Chair Presents at Global Banking Conference

TROY, Mich., July 9, 2019—Dave Schippers, Sc.D., CISSP, Chair and Assistant Professor of Walsh’s IT/Decision Sciences Department will present at The Bankers Association for Finance and Trade (BAFT) Global Banking Conference in New York City on July 12, 2019. Dr. Schippers will speak about the critical nature of consistent and persistent defense measures in cybersecurity as part of a panel including experts from the Federal Reserve Bank of Atlanta and the Money Laundering, Forfeiture and Bank Fraud Unit of the FBI. Thought leaders from Microsoft, The Clearing House, Visa, Deutsche Bank, and many other global organizations will also present industry updates and emerging trends during the BAFT conference.

“The complexity of our digital ecosystem requires an integrated approach to cybersecurity that is consistent and persistent,” said Dr. Schippers. “Cybersecurity today is about more than protecting data, it’s about keeping businesses running, protecting intellectual property, keeping workers safe and machinery running. We are preserving our very way of life.”

BAFT is an international banking association dedicated to providing training and education to protect the safety of the global financial system. Walsh is the only institution of higher education that is a member of BAFT.

Dr. Schippers also recently presented at the National Cyber Summit and contributed to the 2019 Technology in Industry Report along with Christopher Heiden, an associate professor in Walsh’s IT/Decision Sciences Department.

For more information about Walsh’s IT/Decisions Sciences programs, please visit www.walshcollege.edu/future-students.

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ABOUT WALSH
Walsh is an all-business, private, independent, not-for-profit, fully accredited college offering undergraduate and graduate business and technology degrees, as well as certificate programs. Founded in 1922, Walsh is one of the region’s largest business schools and Michigan’s third largest graduate business school, offering classes in several locations and online. Our nationally-ranked programs integrate theory and application to prepare graduates for successful careers. Walsh degree programs include accounting, finance, information technology, management, marketing, taxation and other fields. For more information, please visit www.walshcollege.edu.

Walsh is accredited by the Higher Learning Commission (www.hlcommission.org) and the Accreditation Council for Business Schools & Programs (www.acbsp.org).

Rehmann recognized on CRN’s 2019 Solution Provider 500 list

Rehmann announced today that CRN®, a brand of The Channel Company, has named the Firm to its 2019 Solution Provider 500 list. This is the ninth year in a row the Firm has received this recognition (previously listed as Trivalent Group).

The Solution Provider 500 features those IT companies in North America that have earned the highest revenue during the past year. Those who make the list are considered the highest performing technology integrators, strategic service providers and IT consultants.

“We are honored to be named to CRN’s distinguished list of solution providers,” said Larry R. Andrus, Rehmann’s president of technology solutions. “As we remain committed to delivering innovative solutions to our clients, we are excited to be recognized among such an elite group.”

Backed by experienced engineers, technicians and consultants, Rehmann provides managed services and other IT solutions to more than 700 clients.

“The companies on this year’s list represent an incredible combined revenue of $320 billion, a sum that attests to their success in staying ahead of rapidly changing market demands,” said Bob Skelley, CEO of The Channel Company. “Congratulations to the solution provider organizations leading the way in digital transformation and the latest technology services.”

The complete 2019 Solution Provider 500 list is available online at www.CRN.com/SP500.

Walsh Students Receive Financial Executives International Academic Award

TROY, Mich., Mar. 5, 2019 — Two Walsh students, Jacob Bommarito and Chad Detrich, have received the Financial Executives International (FEI) Academic Award from the FEI Detroit chapter. FEI is a professional organization for senior-level financial executives with more than 10,000 members and 65 chapters.

Each year, FEI’s Detroit chapter recognizes an outstanding undergraduate and graduate student in accounting or finance at colleges and universities in Southeastern Michigan. The award is based on academic achievement, service, and a commitment to a career in accounting or finance.

Bommarito studied at St. Clair Community College before transferring to Walsh to complete a Bachelor of Business Administration in Finance. He is currently pursuing a Master of Science in Finance at Walsh while working as an asset liability management analyst. “Receiving this award is an honor I cannot fully take credit for,” said Bommarito. “I am thankful to my Walsh professors for their investment in my life and my parents for their undying support.”

Detrich worked in law enforcement before earning a Master of Science in Finance at Walsh. “I took a leap of faith enrolling at Walsh, leaving a job in law enforcement to pursue a career in corporate finance,” said Detrich. “Much of what I learned applies directly to my work and has impacted my professional life.” He is now employed as a finance associate in a Fortune 500 company.

To learn more about Walsh degree programs, visit www.walshcollege.edu/future-students.
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ABOUT WALSH
Walsh is an all-business, private, independent, not-for-profit, fully accredited college offering undergraduate and graduate business and technology degrees, as well as certificate programs. Founded in 1922, Walsh is one of the region’s largest business schools and Michigan’s third largest graduate business school, offering classes in several locations as well as online. Our nationally ranked programs integrate theory and application to prepare graduates for successful careers. Walsh degree programs include accounting, finance, information technology, management, marketing, taxation and other fields. For more information, please visit www.walshcollege.edu.

Walsh is accredited by the Higher Learning Commission (www.hlcommission.org) and the Accreditation Council for Business Schools & Programs (www.acbsp.org).

UHY Cares Charity Poker Tournament Brings in Over $41k

Employees, their friends and associates of UHY LLP, certified public accountants, in conjunction with UHY Cares, the firm’s independent 501c(3)organization, celebrated their 12th annual Texas Hold‘Em tournament on Feb. 7. The charity poker event was held at Petruzello’s in Troy, Michigan and was packed with 175+ players, dozens of sponsors and donors who helped raise funds for several local nonprofit entities.

“We had surprise donations from multiple friends of the firm that we were extremely grateful for,” said Steve McCarty, newly elected national CEO. “Our attendees, donors and sponsors make this event special, everyone is having fun with a little friendly competition and raising money for a number of great organizations in the process. “It’s a great event that receives more and more interest every year.”

These donations come on the heels of the firm’s 50th anniversary in which they contributed $50,000 to 50 local charities in the form of $1,000 donations.

UHY LLP, a certified public accounting firm, operates its charitable giving activities through UHY Cares, an independent nonprofit 501c3 organization. Cares, which was incorporated nearly 10 years ago, was an idea inspired by employees and is volunteer based. Through UHY Cares, employees are able to give back to the community, including helping individuals going through personal emergencies or hardships. UHY Cares Michigan has provided assistance to over 150 local charities and families and continues to grow this list every year.

Special thanks to: Abbott Nicholson, Arthur J. Gallagher & Co., Belmont, Citizens Bank, Creative Benefit Solutions, DEM Group, LLC, Giarmarco, Mullins & Horton, P.C., Happy Hair Productions, Huntington Private Bank, Huntington Bank, Level One Bank, Telemus Capital Partners, TPI, Warner Norcross + Judd

UHY Advisors Appoints Five New Managing Directors, Four from Michigan Practice

UHY Advisors Michigan, Inc., announced the appointment of four new managing directors: Michelle Felmlee, Brent Jones, Chad Kime and Todd Tigges. A fifth person from Missouri also made managing director, Jill Starrs.

Additionally, UHY Advisors Michigan, Inc. promoted 73 other employees, including five principals: Kevin Burns, Cory McNeley, Andrew Molokac, Stephanie Rosenbaum and Jeff Solis.

The firm’s Michigan practice is the fifth largest accounting firm in southeast Michigan with over 400 employees.

Michelle Felmlee is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Felmlee specializes in providing audit and review services for both public and privately owned companies, including reporting on internal controls. She is responsible for implementing new accounting standards and appropriate application of GAAP and SEC reporting requirements across a diverse client base. Felmlee received her B.B.A. in Accounting from Western Michigan University and M.B.A. from Walsh College. She is a licensed CPA in the state of Michigan.

Brent Jones is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Jones built his practice in serving the manufacturing, franchise and transportation industries. He works closely with business owners to protect their assets and is also instrumental in the development and implementation of strategic turnaround plans and securing financing for growth and buy/sell opportunities. Jones performs year-end tax planning, tax compliance, financial statement, audit preparation and reviews and compilation services. He received his B.A. in Accounting from Michigan State University and M.B.A. in Tax from Wayne State University. Jones is a licensed CPA in the state of Michigan.

Chad Kime is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Kime is a leading member of the Enterprise Business Services team where he provides financial reporting, tax and advisory services to his clients. He creates innovative business plans for business owners, implements estate and succession plans that allow for flexibility and maximize wealth retention, and assists business owners throughout the process of a purchase, sale or merger. Kime specializes in freeing capital to allow businesses to meet growth strategies and financial and business management strategies with an emphasis on turnaround and strategic planning. He received his B.S. in Accounting from Northwood University and is a licensed CPA in the state of Michigan.

Todd Tigges is a managing director of UHY Advisors MI, Inc. and partner of UHY LLP. Tigges possesses extensive knowledge related to tax compliance issues, federal, state and local tax planning, and works with clients that have multiple related entities, all structured to minimize tax liability and preserve wealth. He serves middle-market clients in a wide range of industries with an emphasis on staffing, health care and real estate companies. Tigges was instrumental in addressing concerns surrounding the Tax Cuts and Jobs Act and he serves as the firm’s resident authority for matters concerning the Affordable Care Act. He received his B.A. in Accounting from Western Michigan University and is a licensed CPA in the states of Michigan and Ohio.

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About UHY Advisors
UHY Advisors provides tax and advisory services to entrepreneurial and other organizations, principally those enterprises in the dynamic middle market. UHY LLP, a licensed CPA firm, provides audit and other attest services to publicly traded, privately owned and nonprofit organizations in a number of industry sectors. UHY Advisors, operating in an alternative practice structure with UHY LLP, forms one of the largest professional services firms in the US. While that scale might provide confidence for some clients, others tell us our greatest value is the way we bring these resources to bear to help address today’s evolving business challenges. It’s a philosophy we call “The Next Level of Service”. To learn more visit www.uhy-us.com.

All of the above entities are members of Urbach Hacker Young International Limited (“UHYI”), a worldwide network of independent professional services firms that provide audit, tax and advisory services around the globe. UHYI is ranked among the top international accountancy networks and a proud member in good standing of the Forum of Firms. Collectively, the US operating entities (UHY Advisors and UHY LLP) are the largest independent members of UHYI with significant participation, bringing the power of the international network to serve the individualized needs of US clients.

UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY Advisors, Inc. and UHY LLP are US members of UHYI, a UK company, and form part of the international UHYI network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHYI international network. Any services described herein are provided by UHY Advisors, Inc. and/or UHY LLP (as the case may be) and not by UHYI or any other member firm of UHYI. Neither UHYI nor any member of UHYI has any liability for services provided by other members.

US Ranked Second in World for Number of Blockchain and AI Patents Being Filed – but Behind China

• US businesses filed 29 percent of all global blockchain patents in 2017
• Chinese companies have big lead in developing AI technology
• US Government may need to consider more R&D tax credits to keep pace with China

CHICAGO, January 23, 2019 —Twenty nine percent of all global patents for blockchain technology were filed by US businesses last year – ranking them second in the world – with 92 patents from a total of 314 filed with the World Intellectual Property Organization (WIPO) in 2017, shows a new study by UHY, the international accounting and consultancy network.

In comparison, Chinese businesses filed 32 percent of all global patents for blockchain technology in 2017. Chinese businesses have invested heavily in blockchain technology in recent years, with the Chinese central bank supporting the development of a blockchain-based trade finance platform to help SMEs access finance.

The study shows that Australian businesses were third, filing 40 patents (13 percent), with UK businesses in fourth, filing 34 patents related to blockchain (11 percent) with WIPO in 2017 (see table below).

In the United States, the largest filer of global blockchain patents was credit card provider Mastercard, which filed patents for developments including a system for offline blockchain exchanges.

UHY adds that the biggest filer of global blockchain patents last year was nChain, a blockchain-focused research firm based in London and Vancouver, which filed 48 patents for blockchain technology at WIPO in 2017.

UHY says that to help increase blockchain innovation even further in the US, the Emerging Technology Office of the General Services Administration launched the US Federal Blockchain programme. This is designed to help US businesses that are interested in exploring blockchain technology and its implementation within Government.

UHY explains that while European businesses have only filed a limited number of patents at the global level through WIPO, many have been more active at a local level.

US businesses rank second in the world for patenting new blockchain technology

US businesses also ahead of international rivals for developing Artificial Intelligence technology

The study also shows that US businesses are responsible for filing 65 patents related to Artificial Intelligence (AI) technology with WIPO last year. This represents 10 percent of all Artificial Intelligence related patents and is second only to the number patented by Chinese businesses.

China is ahead of its global competitors by some distance in the race to build portfolios of intellectual property in Artificial Intelligence. Chinese businesses filed 473 out of the 649 Artificial Intelligence patents (31 percent) filed with WIPO last year. (see table below).

UHY says that Chinese businesses like Baidu – often described as the ‘Google of China’ – and technology and social media conglomerate Tencent are among the world’s leading developers of Artificial Intelligence technology. Baidu filed the most Artificial Intelligence patents at WIPO in 2017, with 183.

Global competition over Artificial Intelligence technology has heated up in recent years, with many national governments putting in place programmes to support businesses and universities in developing Artificial Intelligence clusters and bringing technology to market.

UHY says the US Federal Government has prioritised funding for Artificial Intelligence and other innovative new technology. Since 2015, its investment in unclassified R&D for Artificial Intelligence and related technologies has grown by over 40 percent.

In September 2018, the US President signed a Presidential Memorandum prioritizing high-quality Science, Technology, Engineering and Math (STEM) Education. It has a particular focus on computer science education and committed $200 million in grand funds, matched by $300 million in private industry commitments.

The US’ largest filer of Artificial Intelligence patents with WIPO in 2017 was Berkeley-based start-up Bonsai AI with seven. Microsoft announced its acquisition of the business in June 2018.

New Artificial Intelligence technology developments dominated by Chinese companies – US businesses rank second

Rick David, Chairman of UHY and Chief Operating Officer of UHY Advisors in the US, comments: “The US is a world leader for developing and patenting new technology, especially related to blockchain and Artificial Intelligence.”

“In recent years, the US Federal Government has introduced a range of new programs designed to encourage R&D. The Trump Administration has also prioritized funding for fundamental Artificial Intelligence research and computing infrastructure, machine learning and autonomous systems.”

“Blockchain and Artificial Intelligence could unlock significant economic growth over the coming decades. Developing Artificial Intelligence technology is also going to be critical in determining which businesses will emerge as leaders from the next industrial revolution.”

“The businesses that are positioned best in the long term are those that benefit from private enterprise and government both investing to bring Artificial Intelligence technology to mass markets.

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About UHY LLP
UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are US members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

About UHY, the network
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 320 major business centres across more than 95 countries. Our staff members, over 8,100 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org.

UHY is an international association of independent accounting and consultancy firms, whose organizing body is Urbach Hacker Young International Limited, a UK company. Each member of UHY is a separate and independent firm. Services to clients are provided by the UHY member firms and not by Urbach Hacker Young International Limited. Neither Urbach Hacker Young International Limited nor any member of UHY has any liability for services provided by other members.

UHY Strengthens Presence in South America: New Member Firm in Brazil Joins the UHY Network

We welcome Bendoraytes & Cia – Auditores Independentes, our new member firm in Brazil, to the global accountancy network UHY, extending our coverage within South America. The firm is in the process of adopting the UHY branding and will be known as UHY Bendoraytes & Cia Auditores Independentes.

Bendoraytes & Cia – Auditores Independentes is based in the capital, Rio de Janeiro and was originally founded in 1960 in São Paulo. With a team of 87, including 10 partners, the firm provides audit, accounting, tax, corporate finance and management consulting services to a portfolio of local and international clients primarily represented in the financial, energy and manufacturing sectors.

Franklin Bendoraytes, Managing partner of Bendoraytes & Cia – Auditores Independentes comments: “We hope our local expertise and the UHY network’s collaboration will help us to enhance the services and advice we can offer our local and international clients. The global presence of the network combined with our local capabilities and knowledge of UHY’s 8,100 colleagues around the world, not only strengthens our own market position, locally and internationally, but also these of our current and potential clients and their operations.”

Rick David, chairman of UHY comments: “We are delighted to welcome Bendoraytes & Cia – Auditores Independentes to the UHY network, extending our South American coverage. Over the past two decades, strong growth combined with remarkable social progress have made Brazil one of the world’s leading economies, and we are excited to see its re-emergence as a leading financial center. Bendoraytes & Cia – Auditores Independentes’ admittance to the UHY network will further strengthen UHY’s regional market expertise and capabilities to support clients’ needs in this region. We very much support the firm’s ambitions to expand their coverage in the wider territory and are pleased to be able to serve our international clients who have a business presence in this country.”

ENDS
About UHY LLP
UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are US members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

Liaison office for Bendoraytes & Cia – Auditores Independentes
Contact: Partner, Franklin Bendoraytes on +55(21) 3030 4662, Email: franklin.bendoraytes@uhy-br.com website: www.uhy-br.com

About UHY
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 325 major business centres across more than 95 countries. Our staff members, over 7,850 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org.

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

UHY Advisors Names Steve McCarty as New CEO

UHY Advisors (“UHY”), a leading national accounting, tax and consulting firm, today announced that Steven McCarty has been elected CEO, effective January 1, 2019. McCarty succeeds Tony Frabotta as CEO, with Frabotta assuming the role of chairman. McCarty led the firm’s Corporate Finance line of business and was the industry service leader for the Professional Employer Organization practice at UHY. He is a member of the firm’s Board of Directors and the Michigan Region Executive Committee.

“Steve has been with UHY nearly 27 years and has proven himself as an exceptional colleague, industry professional and leader within the firm,” said Tony Frabotta, outgoing CEO. “Steve has been a trusted confidant to clients and an active participant in the local communities which UHY serves. As the leader of our Corporate Finance practice, he has been instrumental in building that service line and participating in hundreds of middle-market transactions. We are proud to have Steve step up and lead UHY’s innovation and growth on a national level.”

“I am grateful to our Board for putting their trust in me to lead UHY’s national operations,” said Steven McCarty. “Our firm is growing while the accounting profession as a whole is consolidating. Tony Frabotta has done a masterful job building UHY partner unity and creating a strong marketing mentality.” McCarty started his career at UHY in the tax department, transitioned to the audit practice and most recently, chaired the firm’s Transaction Services and Corporate Finance Group. “I look forward to focusing on the development of our associates and expanding our UHY footprint,” said McCarty. “UHY has a solid middle market reputation and when coupled with our international reach, we are uniquely positioned to grow around the US and abroad.”

Focusing on closely-held middle-market businesses, private equity owned portfolio companies and the mid-cap public marketplace, McCarty has experience advising clients on comprehensive tax, audit and business consulting solutions around the country. He has completed numerous business transactions including deal negotiations, buy and sell side strategy, due diligence, quality of earnings reports, financial analysis and modeling, tax strategies, valuations and financing.

McCarty is a Certified Management Accountant (CMA) and a licensed CPA in Florida and Michigan.

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UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY Advisors, Inc. and UHY LLP are US members of UHYI, a UK company, and form part of the international UHYI network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHYI international network. Any services described herein are provided by UHY Advisors, Inc. and/or UHY LLP (as the case may be) and not by UHYI or any other member firm of UHYI. Neither UHYI nor any member of UHYI has any liability for services provided by other members.

UHY Elects Rick David, Chief Operating Officer of US Member Firm as New Chairman

UHY, the international accounting and consultancy network, has appointed the Chief Operating Officer of US member firm UHY Advisors, Inc., Rick David, as the new chairman of UHY.

Rick started his career in the audit practice of one of the ‘Big Four,’ where he practiced for 30 years. He joined the UHY Board of Directors in October 2012 and currently serves as the treasurer of UHY.

As well as being a well-respected auditor and business adviser, Rick also has experience as an accountancy profession regulator and standard setter.

During his more than 40-years’ experience in the industry, Rick has worked with a wide range of clients from multinational corporations to smaller entrepreneurial enterprises. He also contributed to the accounting profession through his service on the Michigan State Board of Accountancy and the Professional Ethics Executive Committee of the American Institute of Certified Public Accountants (AICPA).

Rick comments: “Being chairman of one of the largest accounting and consultancy networks in the world presents a really exciting opportunity.”

“We are already seeing a large increase in cross-border work coming to the network and that is something that we intend to build on. More of our clients want our member firms to represent them globally and that is what this network facilitates.”

One of Rick’s key priorities during his time as chairman is to expand on the strong links between the member firms across the UHY network and will look to build on the increased flow in referral work between countries to enhance the knowledge shared between local offices. This includes expertise in many newer technological developments taking place in the industry.

Says Rick: “The growth in innovative new accounting practices, integrating AI and data analytics for example, are opening up a range of possibilities for the profession – to do work more efficiently and rigorously. These developments have the potential to lead to dramatic improvements in the audit process.”

“The UHY network gives member firms the opportunity to share knowledge of new developments with offices across the world. Utilising these links also allows us to develop the next generation of leaders in the industry.”

“With a more globalized and connected world than ever, the industry has to ‘think local, go global.’ The UHY network is a key vehicle to help us build relationships with clients and serve them by tapping into that wider bank of expertise across the world.”

Rick takes over as Chairman from Bernard Fay, managing partner at UHY Fay & Co, UHY’s Spanish member firm and one of the top 20 leading firms in Spain.

About UHY LLP
UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are US members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

About UHY, the network
Established in 1986 and based in London, UK, UHY is a leading network of independent audit, accounting, tax and consulting firms with offices in over 325 major business centres across more than 95 countries. Our staff members, over 7,850 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to www.uhy.com.

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email: d.maeremans@uhy.com.

UHY is a member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit www.forumoffirms.org.

UHY is an international association of independent accounting and consultancy firms, whose organizing body is Urbach Hacker Young International Limited, a UK company. Each member of UHY is a separate and independent firm. Services to clients are provided by the UHY member firms and not by Urbach Hacker Young International Limited. Neither Urbach Hacker Young International Limited nor any member of UHY has any liability for services provided by other members.