Articles from BDO USA

BDO USA, one of the nation’s leading accounting and advisory firms, today announced its inaugural placement on the 2025 Fortune 100 Best Companies to Work For® list, presented by Fortune Media and Great Place To Work®. Earning a spot demonstrates employee satisfaction and is an important indicator of overall company performance. Organizations on the 100 Best list consistently outperform the market and exceed their competitors on key business measures like retention and innovation.

BDO USA, one of the nation’s leading accounting and advisory firms, has signed three-time Olympian and professional golfer, Albane Valenzuela, as a brand ambassador. Valenzuela will sport the BDO logo on her polo during each of her tournaments on the LPGA Tour and Ladies European Tour this year.

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BDO USA, one of the nation’s leading accounting and advisory firms, today announced a cause partnership with Big Brothers Big Sisters of America (BBBSA), the preeminent one-to-one youth mentoring organization in the United States. BDO’s commitment marks the firm’s first national strategic nonprofit collaboration and begins a three-year relationship with BBBSA to invest in future generations and enhance youth well-being.

BDO USA, one of the nation’s leading accounting and advisory firms, today announced the addition of 48 professionals to BDO’s management consulting practice from Blue Beyond Consulting, a San Francisco-based firm focused on the people side of business. This marks a strategic expansion of the firm’s advisory services, enhancing BDO’s ability to integrate human capital management with strategy, operations, and technology to help clients achieve their desired business results. The combination is subject to customary closing conditions and is expected to be completed on March 1.

BDO USA, one of the nation’s leading accounting and advisory firms, today announced several prominent recognitions. These include ranking No. 19 on Newsweek America’s Most Loved Workplaces® 2024 list and being named one of the Best Companies to Work For by U.S. News & World Report on its inaugural private companies list. These recognitions follow other notable workplace honors for the firm this year, including becoming Great Place To Work® Certified™, a reflection of the firm’s longstanding people-first culture.

Driving growth is the top-cited strategic priority for public company board directors in the year ahead, according to the 2024 BDO Board Survey. With monetary policy (33%) and inflation (31%) noted as directors’ top issues in the 2024 presidential election, increased investing in emerging technologies and artificial intelligence (AI) appears to emerge as a strategy to offset financial pressures and drive top line growth.

The inaugural 2024 BDO Audit Innovation Survey, released today, finds that companies increasingly expect their audit firms to leverage advanced technologies like AI to enhance the audit process, believing that this will lead to a higher-quality audit. However, survey results also indicate that companies believe working with experienced, effective audit professionals is just as important as ever, even with the advent of new technologies.

Following a few years of investment in their technology, infrastructure and internal resources, many nonprofits now have the revenue, organizational culture, and donor networks to execute plans to deepen, and perhaps transform, long-term impacts on the communities they serve. This is according to BDO’s 2024 Nonprofit Standards, a Benchmarking Survey, released today. The survey, now in its eighth edition, asks critical questions of 250 nonprofit leaders, including financial health and performance, spending priorities, future outlooks, and the factors driving them to reevaluate their missions.

BDO USA, one of the nation's leading accounting and advisory firms, has promoted 56 professionals to principal, effective October 1.

BDO USA, one of the nation’s leading accounting and advisory firms, today released its latest sustainability report. The report highlights the firm’s efforts to integrate sustainability across its business through strategies that improve resilience, enhance inclusivity and encourage accountability.

BDO USA, one of the nation's leading accounting and advisory firms, today announced the addition of John Fiebig as the second independent member to its Audit Quality Advisory Council (AQAC). Established in 2022, BDO’s AQAC provides input on the firm’s system of quality management, directly advising BDO’s CEO and board of directors on audit quality matters. Also supporting its audit quality journey, the firm released its 2023 Audit Quality Report highlighting the significant and transformative actions and investments taken since 2022 that, together with previous efforts, are driving the consistent and sustainable delivery of high-quality audits into the future.

BDO’s 2024 Tax Strategist Survey, released today, finds that tax leaders are expected to play a critical role in informing business strategy, while still leading the tax function through changing tax legislation and regulation, spearheading tax innovation, and using insights to manage tax risk. Yet the survey also reveals that many tax leaders lack the resources necessary to execute these mandates.

BDO USA, one of the nation’s leading accounting and advisory firms, today announced the board’s election of Natalie Kotlyar to her inaugural term as chair of the Board of Directors. Kotlyar has served on the board since November 2020 and was re-elected to a new term this year. Kotlyar succeeds Kelly Johnson, who served as BDO’s first woman board chair since 2019. In addition, Kirstie Tiernan was elected as a new board member and John Marquardt was elected to a second term. The board also extended the term of Tony Argiz through the remainder of the term of Mark Ellenbogen’s vacated board seat. Ellenbogen will roll off the board when he assumes the role of chief operating officer. All changes are effective July 1.

BDO USA, one of the nation's leading accounting and advisory firms, today announced that Chief Operating Officer Steve Ferrara will retire from his position following a distinguished 33-year career with the firm. Assurance Principal Mark Ellenbogen will succeed Ferrara as chief operating officer, effective July 1, 2024.

BDO USA, one of the nation's leading accounting and advisory firms, today announced a combination with Flintech Holdings, LLC and Dynamics Beyond, LLC. This expansion will strengthen the firm’s strategic partnership with Microsoft while advancing its Microsoft Dynamic 365 and managed service capabilities. Twenty-two Flintech and Dynamics Beyond full-time professionals will join BDO Digital, LLC, a subsidiary of BDO USA. The combination is subject to customary closing conditions and is expected to be completed on December 16.

Nonprofits are at a pivotal transformation point and are focusing on their long-term strategic resilience following a few years of readily available federal funding. This is according to BDO’s seventh annual Nonprofit Standards benchmarking survey, released today. This survey of more than 250 U.S. nonprofit leaders explores key issues impacting nonprofits today, including changes to their revenue, how they are investing in technology, how they are responding to pressure from donors to address environmental, social and governance issues and more.

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BDO USA, one of the nation's leading accounting and advisory firms, has promoted 60 professionals to principal, effective October 1.

BDO USA, one of the nation’s leading accounting and advisory firms and an employee-owned company, has been recognized by Newsweek as one of America’s 100 Most Loved Workplaces. The annual listing recognizes U.S. companies for outstanding employee sentiment and satisfaction, and BDO USA ranked 59th overall. The 2023 Top 100 Most Loved Workplaces® are the result of a collaboration with the Best Practice Institute (BPI), a leadership development and benchmark research company.

BDO USA, one of the nation’s leading accounting and advisory firms, today announced its intention to establish an Employee Stock Ownership Plan (ESOP), providing a broad base of our employees the benefit of ownership and a new model for the firm’s continued investment, growth, and long-term sustainability. When effective, BDO would be the first large public accounting firm to implement an ESOP. With more than 10,000 participating employees, BDO would be among the largest ESOPs in the country.

BDO USA, one of the nation's leading accounting and advisory firms, today announced revenue of $2,822,600,000, representing a year-over-year increase of 13.3% for the 12-month period ending April 30, 2023. This is the eleventh consecutive year of growth under CEO Wayne Berson’s leadership. Within the firm, every practice increased revenue, with advisory, assurance and tax experiencing increases of 12.1%, 13.4% and 14.4%, respectively.

Faced with challenging financing conditions and rising asset prices, private equity fund managers are focusing on their current portfolio companies to drive organic value creation.

Survey Highlights:

Private equity and venture capital fund managers are anticipating the balance of 2021 to be awash with M&A activity and heavy competition: 91% say asset prices will increase in the next 6 months, more than half of whom believe those increases will be 10-25% or higher, according to BDO’s Private Capital Pulse Survey, released today.