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Crowe Horwath Overview
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Introducing Crowe Horwath LLPCrowe Horwath LLP Firm OverviewNovember 2010
© 2011 Crowe Horwath LLP 2Audit | Tax | Advisory | Risk | Performance
The Unique Alternative to the Big Four®
The Unique Alternative to the Big Four®
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.
Chuck Allen, CEO of Crowe Horwath LLP
© 2011 Crowe Horwath LLP 3Audit | Tax | Advisory | Risk | Performance
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 practice leaders. Staying involved and in touch with client issues provides value for our clients – as well as 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.
© 2011 Crowe Horwath LLP 4Audit | Tax | Advisory | Risk | Performance
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 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).
PAR Top 100 List for 2008
*U.S. Securities and Exchange Commission
© 2011 Crowe Horwath LLP 5Audit | Tax | Advisory | Risk | Performance
The Unique Alternative to the Big Four®
“Public Accounting Report” (PAR) Audit Change Leaderboard
*Source: “Public Accounting Report” (PAR) Jan. 31, 2010
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.
© 2011 Crowe Horwath LLP 6Audit | Tax | Advisory | Risk | Performance
The Unique Alternative to the Big Four®
Celebrating Nearly 70 Years of Stability and Growth
Founded in 1942, Crowe is celebrating nearly 70 years of stability, growth, and innovation.
Crowe is one of the fastest -growing firms over the past 40 years, with an average annual growth rate of 17%.
Crowe employs 2,400 people throughout the United States.
We are committed to a national expansion program that aligns with serving the needs of our clients.
Crowe’s Double-digit Growth
Annual Revenue, in Millions
2002 2003 2004 2005 2006 2007 2008 2009 2010
0
50
100
150
200
250
300
350
400
450
500
© 2011 Crowe Horwath LLP 7Audit | Tax | Advisory | Risk | Performance
The Unique Alternative to the Big Four®
Core Services Overview
AuditTax
Adv
isor
y
Performance
Risk
Business Organization
Federal
International
State & Local
Governance
ERM
Internal Audit
Technology Risk
Specialized Audits
Performance Advisory
Operational Improvement
Revenue Enhancement
Transaction Services
Accounting Advisory
Financial Reporting
External Audit
Fraud & Ethics
Forensic Services
M&A Integration
Change Management
Compliance
Restructuring & Insolvency
Valuation Services
Audit 9th largest audit provider in the
United States and No. 1 in net new SEC audit clients gained in 2009 - PAR
Tax Fastest-growing tax practice of all
U.S. firms – PAR; Spring 2009 and Spring 2010
Advisory Crowe offers a full suite of financial
advisory services.
Risk One of the top 10 risk consulting
firms in the world – The Forrester WaveTM Report;
Performance Awarded the Microsoft® Business
Solutions President’s Club Award (four consecutive years)
The Forrester Wave is a trademark of Forrester Research Inc.
© 2011 Crowe Horwath LLP 8Audit | Tax | Advisory | Risk | Performance
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.
Over the last six years, we have outperformed the normative SCI® by an average of 34 percent.
Our clients cite Crowe’s strengths as: Having access to the partners assigned
to their accounts; Having personnel who put forth extra effort
to meet their needs; and Being easy to work with.
Secure Client
Definitely
Very satisfied
wouldrecommend
Definitelycontinue
to use
Secure Customer Index and SCI are registered trademarks of Burke Inc.
© 2011 Crowe Horwath LLP 9Audit | Tax | Advisory | Risk | Performance
The Unique Alternative to the Big Four®
Our Goal: An Exceptional Client Experience
51%
19%16% 12%
20% 20%
28%
0%
10%
20%
30%
40%
50%
60%
Crowe Total Comp.
Big 4 National Regional Local Boutique
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%).
Secure Customer Index® and SCI® are registered trademarks of Burke, Inc.
© 2011 Crowe Horwath LLP 10Audit | Tax | Advisory | Risk | Performance
The Unique Alternative to the Big Four®
Global Reach: A Leading Independent Member Firm of Crowe Horwath International 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 America
Frank Arford, CEO is former COO of Crowe Horwath LLP
© 2011 Crowe Horwath LLP 11Audit | Tax | Advisory | Risk | Performance
The Unique Alternative to the Big Four®
Crowe Horwath LLP is an independent member of Crowe Horwath International, a Swiss verein. Each member firm of Crowe Horwath International is a separate and independent legal entity. Crowe Horwath LLP and its affiliates are not responsible or liable for any acts or omissions of Crowe Horwath International or any other member of Crowe Horwath International and specifically disclaim any and all responsibility or liability for acts or omissions of Crowe Horwath International or any other Crowe Horwath International member. Accountancy services in Kansas and North Carolina are rendered by Crowe Chizek LLP, which is not a member of Crowe Horwath International. This material is for informational purposes only and should not be construed as financial or legal advice. Please seek guidance specific to your organization from qualified advisers in your jurisdiction. © 2011 Crowe Horwath LLP
For more information, contact:
Jeffrey Lyons
Direct 215.735.7722
Mobile 917.414.9867