Crowe Horwath International

Crowe Horwath International
Swiss Verein
Industry Accounting
Professional Services
Assurance
Corporate Finance

Tax Planning
Founded 1915 (Horwath & Horwath by Ernest and Edmund Horwath)
Headquarters New York, New York, USA
Key people
 Kevin McGrath, CEO
Products Professional Services
Website www.crowehorwath.net

Crowe Horwath International, ranked among the top 10 global accounting networks, consists of more than 200 independent accounting and advisory services firms in over 120 countries around the world. Crowe Horwath member firms are known for their local knowledge, expertise and experience balanced by an international reputation for the highest quality of service.[1] In 1915 Horwath Hotel, Tourism and Leisure consulting was founded, today its on the largest consulting organization specializing in the hospitality industry, with 50 offices in 39 countries.[2]

History

Founding

Crowe Chizek, was established in 1942 in South Bend, Ind., by Fred P. Crowe Sr. and Cletus F. Chizek. Previously, Crowe had worked in public accounting for many years and also served as the St. Joseph County auditor for eight years. Chizek was head of the accounting department at the University of Notre Dame and also worked part-time in public accounting. Following the death of Fred P.Crowe Sr. in 1952, Cletus F. Chizek reorganized the firm as Crowe, Chizek and Company and two firm personnel, M. Mendel Piser and Fred P. Crowe Jr., became partners. The first legal partnership of Crowe Chizek and Company was formulated in 1962 with six founding partners: Cletus F. Chizek, M. Mendel Piser, Fred P. Crowe Jr., Robert W. Green, Joseph A. Bauters and John J. Pairitz.

International Expansion and rise to a top 10 Accounting firm

In 1991 Crowe became a member of Horwath International, a worldwide organization of accounting and consulting firms. The affiliation provided the firm with local, professional experts located worldwide to aid in providing service to clients with international needs. In 1995, Crowe was named among the nation’s 10 largest accounting and consulting firms by revenue, according to Public Accounting Report. Crowe has been named to this list each year since. In 1996, Crowe became an Limited Liability Partnership (LLP).

Recent History

In 2006 Crowe launched the Crowe Foundation, designed to coordinate and better focus the firm’s charitable giving, while encouraging and supporting personnel’s volunteer involvement. In 2007 Chuck Allen became Crowe’s new CEO. Former CEO Mark Hildebrand remained with the firm and stepped into the new role of executive-in-charge of strategic alliances, while maintaining his role as chair of the board of Horwath International. Kevin McGrath was appointed Crowe’s new COO. After 35 years with the firm, former COO Frank Arford retired from Crowe in order to take on a new role as CEO of Horwath International.

Name change to Crowe Horwath

The firm changed its name to Crowe Horwath in 2008 to strengthen its alignment with Horwath International and in 2009 Horwath International changed its name to Crowe Horwath International. The new name combined the international awareness of the Horwath brand with the United States awareness of Crowe Horwath LLP (Crowe), the network’s largest member firm in the U.S.

Historically, Crowe is one of the fastest growing firms with an average annual growth rate of 17 percent over the past 40 years.[3]

Global structure

Crowe COO Kevin McGrath became CEO at Crowe Horwath International, effective July 1, 2012, following the retirement of former Crowe partner and Crowe Horwath International CEO Frank Arford. Crowe Horwath's headquarters and regional lead offices are located as follows: [4]

References

  1. ↑ The International Accounting Bulletin, January 2011
  2. ↑ . Crowe Horwath http://www.crowehorwath.net/Horwath-HTL-Firms.aspx. Missing or empty |title= (help)
  3. ↑ "Crowe Firm History". Crowe Horwath. May 2013.
  4. ↑ "Crowe Horwath Offices". Crowe Horwath. 21 May 2013.

Further reading

Seglias, Fernando (2006). Caring Sharing Investing Growing - The Story of Horwath International. Horwath International.
Ferst, Stanley D.; Seif, Juan A. (1984). The History of Horwath & Horwath International, 1956-1983. Horwath & Horwath International.

External links