Clayton & McKervey shareholder appointed to national AICPA committee

Southfield, Mich.—Oct. 12, 2018—Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, is pleased to announce that shareholder Julie Killian has been appointed to the Technical Issues Committee (TIC) of AICPA’s Private Companies Practice Section (PCPS). This national committee is made up of CPA practitioner volunteers who work to represent the views of local firms and their clients in the standards-setting process. TIC monitors the activities of the various standard setting boards including the FASB, GASB and ASB, as well as other AICPA senior committees, and submits comments and recommendations to the standard setters as the collective voice of small and medium-sized firms, as needed.

Killian, who joined Clayton & McKervey in 2012 as a principal in the assurance department, was named a shareholder in July 2018. In leading the firm’s audit practice, Killian works with owners, CFOs and controllers of closely-held companies with operations in the United States, as well as international companies in Europe, Asia and Mexico. She is focused on the technical and compliance aspects of reporting, including audits and reviews of corporate financial statements and audits of employee benefit plans. She also offers assurance services such as review of internal controls and performance reporting. Additional areas of expertise include U.S. Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), AICPA Financial Reporting Framework for Small and Mid-sized Entities (FRF-SME) and the updated revenue recognition standard released by the Financial Accounting Standards Board (FASB) in 2015.

Killian is active in other business and professional organizations, serving on the Michigan Association of Certified Public Accountants (MICPA) Employee Benefits Task Force and the MICPA Audit Committee, and is involved in the French American Chamber of Commerce and the German American Chamber of Commerce. She holds a Bachelor of Arts in Accounting from Michigan State University and IFRS certification from the American Institute of Public Accountants.

About AICPA
The world’s largest member association representing the accounting profession, the American Institute of CPAs has a history that stretches back to 1887 of serving the public interest. Today, there are 431,000+ members in 137 countries and territories, representing many areas of practice, including business and industry, public practice, government, education and consulting. For more information, visit https://www.aicpa.org/.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Clayton & McKervey shareholder Tim Finerty named to Automation Alley’s Board of Directors

Clayton & McKervey, a certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace, announces that Shareholder Tim Finerty has been named to the board of Automation Alley effective August 1. Automation Alley is Michigan’s Industry 4.0 knowledge center and the state’s leading nonprofit technology and manufacturing business association. Board members provide strategic insight, corporate governance and operational oversight to Executive Director and CEO Tom Kelly and serve a three-year term, twice eligible for renewal.

Long active in Automation Alley’s domestic and international initiatives, including annual trade missions to Mexico, Finerty will also remain as vice chair of Automation Alley’s International Business Services Advisory Council, a position he was appointed to in February. Clayton & McKervey is an original foundation member of Automation Alley and its shareholders and managers have been engaged with the organization since its inception in 1999.

Finerty is the leader for the Systems Integrators and Mexico practices at Clayton & McKervey, with specialization in Research & Experimentation tax credits and consulting on Mexican and Latin American tax and accounting issues. He also helps small and midsized growth-driven businesses achieve their goals.

In addition to his efforts with Automation Alley, Finerty is a founding board member of the newest chapter of the United States – Mexico Chamber of Commerce (USMCOC), the Great Lakes Chapter, based in Detroit, and is also involved with a variety of other professional organizations, including ProMexico, Michigan Manufacturing Association, Association for Advancing Automation, Robotics Industries Association, National Tooling & Machining Association, Controls Systems Integrators Association, and the Michigan Association of Certified Public Accountants, Manufacturing Task Force. He holds a Bachelor of Science degree in Accounting from Michigan State University.


About Automation Alley
Automation Alley is a nonprofit technology and manufacturing business association and Michigan’s Industry 4.0 knowledge center, with a global outlook and a regional focus. We connect industry, academia and government to fuel Michigan’s economy and accelerate innovation. We offer programs and services in business growth, entrepreneurship, talent development, defense and international business, providing resources and knowledge to help our members grow and prosper in the digital age.

About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

Clayton & McKervey promotes three to senior manager

Clayton & McKervey, a certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace, announces that David Van Damme, Catherine (Katie) Faysal, and Ben Smith, all certified public accountants in the Assurance Department, have been promoted from Manager to Senior Manager.

Smith joined Clayton & McKervey in 2008 and is key to the firm’s transaction services team. He also leads the firm’s technology initiatives. Smith specializes in growth driven business tax planning and consultation, accounting support services including operational and owner reporter packages, financial statements and agreed upon procedures reporting. He is a member of the Association for Corporate Growth, the Michigan Association of Certified Public Accountants (MICPA) and the American Institute of Certified Public Accountants (AICPA). He also serves on Oakland University’s Accounting and Finance Advisory Board. Smith holds a Bachelor of Science in Accounting from Oakland University and is a resident of Royal Oak.

Van Damme also joined Clayton & McKervey in 2008. He specializes in audits of closely-held companies, internal controls analysis, fraud/data extraction analysis, financial statements and agreed upon procedures reporting, financial reporting automation and employee benefit plan audits. He is involved with the MICPA, MICPA Fraud Task Force, Turn Around Management Association and Risk Management Association. Van Damme holds a Bachelor of Science in Accounting from Oakland University and is a resident of Ferndale.

Faysal joined Clayton & McKervey in 2009 specializes in audits and reviews of closely-held companies, mergers and acquisitions, agreed upon procedures reporting, component audit reporting, AICPA Financial Framework for Small and Medium-Sized Entities and employee benefit plan audits. She is involved with the MICPA, AICPA, Turn Around Management Association and Risk Management Association and is a leader of Clayton & McKervey’s Women’s Network. Faysal holds a Bachelor of Arts in Accounting from Hillsdale College and is a resident of Novi.

The announcement of the senior manager promotions was made by Clayton & McKervey President Rob Dutkiewicz, CPA. “We are pleased to welcome Katie Faysal, David Van Damme and Ben Smith to their new roles as senior managers,” Dutkiewicz said. “They are impressive young leaders doing outstanding work for our clients.”


About Clayton & McKervey
Clayton & McKervey is a full-service certified public accounting and business advisory firm helping closely held businesses compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.

The City of Auburn Hills announces GKN will be first corporate tenant at former Showcase Cinema site

Auburn Hills, MI—July 31, 2013—Following up on its June 7 announcement that Novi-based Amson Dembs Development, Inc. has purchased the site of the former Showcase Cinema at 2150 North Opdyke Road from National Amusement, the city of Auburn Hills announced today that GKN will be signing a 15-year lease for the property.

GKN Driveline and GKN Sinter Metals will be relocating its Americas Regional headquarters from its current site in Auburn Hills at 3300 University Drive, adjacent to the Auburn Hills municipal campus, to the new site, which had been vacant for 11 years prior to the sale to Amson Dembs. The new building is 168,056 square feet and will be situated on 11.2 acres zoned for technology and research. GKN’s current Auburn Hills’ office has more than 300 employees; an additional 50 employees or more are expected to be hired at the new location over the next three years.

GKN has been located in Auburn Hills since 1986. GKN’s parent company is based in Redditch, UK and operates four divisions: GKN Driveline, GKN Powder Metallurgy, GKN Aerospace and GKN Land Systems. Approximately 50,000 people work in GKN companies and joint ventures in more than 30 countries. GKN Driveline is the world’s leading producer of automotive driveline components such as CVJ systems, AWD systems, Trans Axle Solutions and eDrive systems. GKN Sinter Metals is the world’s largest producer of precision powder metal products.

The Auburn Hills City Council approved the new site at its July 1 meeting. Altogether, the project between Amson Dembs, GKN and the city of Auburn Hills was approved from start to finish in just 35 days, a process that typically takes six months or more with most city governments.

“We are pleased that GKN’s next growth phase will continue in Auburn Hills. The swiftness of this project reflects why businesses like GKN choose Auburn Hills as their corporate business address. We work with our corporate and state government partners to fast track business developments that strengthen our community through jobs and good corporate citizenship initiatives,” said Auburn Hills City Manager Pete Auger.

Auburn Hills Community Development Director Steve Cohen noted GKN’s investment is just the beginning for the 21+ acre razed site.

“GKN is the first project in the redevelopment and will encompass only the north half of the site. We anticipate another significant facility will set up shop right next door, so it’s a very exciting time for Auburn Hills,” said Cohen.

Robert Willig, president, GKN Driveline Americas, commented on GKN’s renewed commitment to Auburn Hills.

“We are excited to continue to call Auburn Hills home and be a part of the community. Our new Americas regional headquarters signifies our continuing commitment to the region. We would like to thank the Auburn Hills City Council for the expeditious way they continue to work with us to make our plans a reality,” said Willig.

About Auburn HillsCelebrating 30 years in 2013 as a city committed to innovation and growth, Auburn Hills is home to 21,000 residents and also serves as Michigan’s global business address, with 40 international corporations from 32 countries housed here, including Chrysler Group LLC and Borg Warner headquarters. Auburn Hills’ residents enjoy the amenities of city and suburban living with parks, a revitalized downtown district and a welcoming city complex with a library and community center. Additionally, the city has five colleges and universities, the award winning Palace of Auburn Hills entertainment complex and Great Lakes Crossing Outlets, one of the state’s largest destination shopping centers, providing a variety of cultural, social and educational opportunities to residents, workers and visitors. Learn more at www.auburnhills.org.

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Auburn Hills Welcomes Faurecia’s North American Headquarters to the City

Oakland Technology Park continues to spark new development

Auburn Hills, MI—April 2, 2013—The City of Auburn Hills, a dynamic community committed to innovation and growth, is pleased to announce Faurecia, the world’s sixth largest automotive supplier with business groups in automotive seating, emissions control technologies, interior systems and automotive exteriors, will make its North American headquarters in Auburn Hills.

A longstanding corporate citizen of Michigan, Faurecia currently has five Oakland County locations, including three offices in Auburn Hills. Upon completion in the first quarter of 2014, two of the Auburn Hills offices and a technical center in Troy will relocate to the new headquarters building. The third Auburn Hills office of Faurecia at 2500 Executive Hills Drive will continue to house more than 300 employees.

The new Faurecia North American headquarters will be a 278,000 square foot, three-story building located on High Meadow Circle in the Oakland Technology Park, near the intersection of I-75 and University, and will ultimately house up to 700 employees. Oakland Technology Park was formed in 2010 following the purchase of 211 acres by Southeast Michigan-based developers General Development, L.L.C. and Premier Equities from the former Chrysler Corporation. General Development is serving as the developer and general contractor on the Faurecia project.

Other recent developments in the Oakland Technology Park include US Farathane’s World Headquarters, a high-tech 250,000 square foot plastic injection mold facility servicing numerous customer segments, including the automotive industry, and Henniges Automotive’s 55,000 square foot world headquarters/research and design center. Henniges is a leading supplier of sealing and anti-vibration systems to the global automotive industry.

Auburn Hills City Manager Pete Auger said continued development of the Oakland Technology Park reflects the City’s attraction to auto suppliers and other global businesses.

“Auburn Hills is thrilled to add Faurecia’s North American headquarters to our roster of leading national and international manufacturers headquartered here,” said Auger. “Companies like Faurecia, Henniges and USFarathane are terrific corporate citizens and bring tremendous value to Auburn Hills, solidifying our reputation as the premier global manufacturing address in the Midwest.”

Stacy Fields, Asset Manager of General Development, looks forward to completing another project in Auburn Hills.

“The City’s ability to process projects with speed and efficiency is outstanding and the renewed availability of the Oakland Technology Park has sparked an increase in build to suit activity, representing a new era of future development for Auburn Hills,” said Fields.

Faurecia North America President Michael Heneka expressed enthusiasm about expanding the Company’s footprint in Auburn Hills.

“As the auto industry has reinvented itself over the past few years, Faurecia has been a notable success story,” said Heneka. “We have grown substantially and now we are ready to extend our technical centers and headquarters operations to further support that growth. Our new location presents a distinctive opportunity to build from the ground up in a way that most suits our needs and to centralize our technical teams and administrative functions.

Faurecia has called Auburn Hills its home for 10 years, and we enjoy an excellent relationship with the city’s leadership team,” Heneka continued. “They have been a strong partner in the momentum we have generated, and we are pleased to be expanding our presence in the city.”

About Faurecia
Faurecia is the world’s sixth-largest automotive supplier with four key Business Groups: Automotive Seating, Emissions Control Technologies, Interior Systems and Automotive Exteriors. In 2012, the Group posted total sales of $22.5 billion. At December 31, 2012, Faurecia employed 94,000 people in 34 countries at 320 sites and 30 R&D centers. Faurecia is listed on the NYSE Euronext Paris stock exchange and trades in the U.S. over-the-counter (OTC) market.

Faurecia North America had sales of $6 billion in 2012. The Group has 37 production sites, six technical centers, two customer centers and a shared services center in the United States, Canada and Mexico and employs more than 20,000 people in the region. For more information, visit: www.faurecia.com.

About General Development Company
Southfield-based General Development Company has been in business since 1983 as a full service real estate developer. GDC offers construction management, general contracting, property management, distressed asset management, and design and build-to-suit development services for all industrial and commercial requirements. Learn more at www.gendev.com.

About Auburn Hills
Celebrating 30 years as a city in 2013, Auburn Hills is home to 21,000 residents and also serves as Michigan’s global business address, with 40 international corporations from 32 countries housed here, including Chrysler Group LLC and Borg Warner headquarters. Auburn Hills’ residents enjoy the amenities of city and suburban living with parks, a revitalized downtown district and a welcoming city complex with a library and community center. Additionally, the city has five colleges and universities, the award winning Palace of Auburn Hills entertainment complex and Great Lakes Crossing Outlets, one of the state’s largest destination shopping centers, providing a variety of cultural, social and educational opportunities to residents, workers and visitors. Learn more at www.auburnhills.org.

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