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Introducing Crowe Horwath LLP Crowe Horwath LLP Firm Overview November 2010

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Page 1: Crowe Horwath Overview 0811

Introducing Crowe Horwath LLPCrowe Horwath LLP Firm OverviewNovember 2010

Page 2: Crowe Horwath Overview 0811

© 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

Page 3: Crowe Horwath Overview 0811

© 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.

Page 4: Crowe Horwath Overview 0811

© 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

Page 5: Crowe Horwath Overview 0811

© 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.

Page 6: Crowe Horwath Overview 0811

© 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

Page 7: Crowe Horwath Overview 0811

© 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.

Page 8: Crowe Horwath Overview 0811

© 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.

Page 9: Crowe Horwath Overview 0811

© 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.

Page 10: Crowe Horwath Overview 0811

© 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

Page 11: Crowe Horwath Overview 0811

© 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

[email protected]