Crowe Horwath Jamaica Services Profile by Dawgen Global

Crowe Horwath International: Global Profile A top 10 international network of accounting and advisory services firms

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www.crowehorwath.net

Who we are

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The History of Crowe Horwath International A well-established network, dating back more than a century

Reputation in the market grows. Launch leading accountancy publicationsAlarm Clock; Food Market list and Hotel Accounting.

1915

Horwath & Horwath International established. First International annual meeting held.

1955

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13th largest international accounting organization in the world.

Practice diversification. Accounting, audit and tax established.

1963 21 member firms in 21 countries.

Horwath International ranked 9th among worldâ&#x20AC;&#x2122;s largest accounting organizations.

1997

1972

1960

1921

Horwath & Horwath established and develop expertise in hospitality sector.

1994 First international accounting organization to have a Chinese member firm.

175 member firms in 128 countries. Aspiration to be 7th largest professional services network.

2016

2001 Pinnacle created.

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Our brand: the Pinnacle Pinnacle: The highest level or degree attainable Relationships

Integrated Global Network Impeccable Service

Technical Expertise

Consistent Quality

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Our values

We Care

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We Share

We Invest

We Grow

Global presence

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Crowe Horwath International by the numbers

24,063 professionals 752 offices US$3.5B global revenue

5,445 administrative staff

128 countries

9th-largest international network of independent accounting and advisory services firms*

2% growth

3,699 partners

33,207 partners and professionals

*IAB Survey: World Leading accounting networks 2015: fee data Audit | Tax | Advisory

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Representation in all major countries across the Americas Regional Statistics – Americas*

39 1,586

11,327

Partners

Partners & Professionals

23 Countries

Member Firms & Business Associates

North America • • •

Canada Mexico United States of America

Central America and the Caribbean • • • • • •

Bahamas Barbados Belize Costa Rica Dominican Republic El Salvador

• • • • •

Guatemala Honduras Nicaragua Panamá Puerto Rico

South America • • • • •

Argentina Brazil Chile Colombia Ecuador

• • • •

Paraguay Peru Uruguay Venezuela

* As of December 2015

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Americas: Our Standing

United States Crowe Horwath LLP ranks as the eighth largest national firm based on U.S. net revenue.

Latin America Experienced 22 percent growth rate in 2015.

Colombia Ranked seventh largest within international auditing, accounting and advisory networks.

* As of December 2015

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Mexico Ranked sixth largest within international auditing, accounting and advisory networks. ÂŠ 2016 Crowe Horwath International

Representation in all major countries across Asia Pacific Regional Statistics â&#x20AC;&#x201C; Asia/Pacific*

28 785

Countrie s

Partners

28 12,263

Countries

Partners & Professionals

39 Member Firms & Business Associates * As of December 2015

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Crowe Horwath International ranked #6 in Asia Pacific International Accounting Bulletin â&#x20AC;&#x201C; July 2015 ASIA PACIFIC Name

Rev ($m)

Staff

1,049.9 753.6 752.6

14,656 10,777 7,061 11,474 9,267 8,923 6,864 4,959 4,555

MID-TIER NETWORKS

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BDO

6 7

Crowe Horwath International Baker Tilly International

8 9 10 11 12 13

RSM International Grant Thornton International Moore Stephens International Kreston International HLB International ShineWing

588.1 587.7 482.7 411.4 297.1 263.8

14 15 16 17 18

Nexia International PKF International Reanda International UHY International Mazars

246.4 145.1 134.7 93.4 76.9

4,405 2,171 2,344 2,389 1,937

19 20

Russell Bedford Intr. Ecovls International

45.0 44.6

1,269 805

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Asia Pacific: Our Standing North Asia South Asia India Nationwide Top10 representation with >400 staff in seven cities

Greater China â&#x20AC;&#x201C; China, HK, Taiwan, Macau 3rd largest firm in China with >300 partners & >10,000 staff Japan 8th largest network firm in the country with six city locations Korea 7th largest firm with 420 staff located in six cities

South East Asia Indonesia 5th largest network firm with 450 staff Malaysia 5th largest firm with 950 staff Singapore Top 10 firm with 160 staff Thailand 6th largest firm with 180 staff and >25 PLC audits Vietnam Top 10 network firm, with strong Japanese clientele

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Oceania Australia/New Zealand 5th largest firm with 110 offices

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Regional Profile - EMEA Regional Statistics â&#x20AC;&#x201C; EMEA*

130 Member Firms & Business Associates

1,328 Partners

77 Countries

9,617 Partners & Professionals * As of December 2015

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EMEA: Our standing United Kingdom Crowe Clark Whitehill 9th largest audit firm in UK

France Ranked 9th within international auditing, accounting and advisory networks

Austria TPA Horwath Awarded Best Tax specialists & Best Tax / financial advisory company

Poland TPA Horwath Poland Recognized as the best company providing tax and financial advisory services at the Europan Property CEE Retail Real Estate Awards

Africa & Middle East Experienced a combined 17% growth in 2015

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9th largest global network of independent audit and advisory services firms in the world* Rank 2015

Network Name

Revenue (US$M)

Growth Rate (%)

NETWORKS

PwC

35,356.0

Deloitte

35,200.0

28,655.0

KPMG

24,440.0

-2

BDO

7,303.9

RSM

4,641.4

Grant Thornton International

4,632.8

-2

Baker Tilly International

3,807.0

Crowe Horwath International

3,506.7

Nexia International

3,082.7

Moore Stephens International

2,659.9

-1

Kreston International

2,045.2

*Source: IAB Survey: World Leading accounting networks 2015: fee data

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Sustained growth and stability (in $USM) Annual Fee Volume $4,000

$3,436

$3,500

$3,078

$3,063

$3,506

$3,168

$2,930

$3,000

$2,778

$2,729

2009

2010

$2,527 $2,500

$2,188 $2,005 $2,000

$1,500

$1,000

$500

$0 2005

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2006

2007

2008

2011

2012

2013

2014

2015

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Revenue by core service  The chart shows a breakdown of Crowe Horwath Internationals’ revenue as reported in the International Accounting Bulletin (IAB) World Survey for 2015  Accounting and Audit  Tax Services

Risk Consulting/Other 19%

 Management Consulting  Risk Consulting/Other

Accounting & Audit 45%

Management Consulting 12%

Tax Services 24%

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Services

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Our global specialty practices Audit     

Audits, Reviews and Compilations Agreed-upon Procedures

  

Securities Exchange Reporting

  

Benefit Plan Audit Services



Forecasts and Projections

Advisory

Tax Transfer Pricing Value Added Tax Wealth Management Real Estate Expat Taxes Corporate Tax Compliance International Tax Restructuring

Risk

 Transaction Support  Deal Structuring  Foreign GAAP

     

Conversions

 Tax Consulting  Merger Integration

Enterprise Risk Regulatory Risk Technology Risk Fraud Risk Operational Risk Financial Risk

Services

 Acquisition Strategy  Due Diligence  IT Compatibility Reviews



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Advice on Negotiation Strategies

Crowe Horwath. Multinational Team. Single Point of Contact. Multinational clients want consistency in cross-border engagements

Local professionals who perform consistent processes in their home countries

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Crowe Horwath International provides a single point-of-contact project leader

Support by global and regional specialists with required knowledge

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Global Audit

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Global Audit - Practice profile  Companies that successfully address audit issues  Improve the quality of their financial reporting  Stand to gain global credibility with leading sources of capital David Chitty International A&A Director; Chairman Accounting & Auditing Global Committee

Audits, Reviews and Compilations Benefit Plan Audit Services

Agreed-upon Procedures

Audit Services

Securities Exchange Reporting

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Forecasts and Projections

Global Audit value proposition Reputation

Service

 Methodologies and quality assurance programs  Streamlined audit processes result in timely financial reporting and disclosure

 Flexible, well-designed, and risk-based processes  Technologies that respond to client needs  Prompt identification and communication of issues  Timely delivery of results

Reputation

Added Value Service

Insight

Insight  Understanding of complex financial transactions  Audit of the effectiveness of internal controls  Advice on the convergence of national accounting practices to IFRS Audit | Tax | Advisory

Global Audit process  Our process enables efficiency and collaboration – delivering a quality audit.

Common audit process and tools

An established audit methodology

 Crowe Horwath applies our audit methodology through a common technology platform

 Consistent with the International Standards on Auditing (ISAs)

 Allows for the sharing and transfer of information between members

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 Issued by the International Audit & Assurance Standards Board (IAASB)

 IAASB functions as an independent standard setting body under the auspices of the International Federation of Accountants (IFAC)

Ensuring Audit quality ď&#x201A;§ Our member firms maintain policies and procedures consistent with international professional standards which promotes continuous improvement in audit quality. Compliant with international audit quality policies and procedures

Member Firms

Subject to external regulation and periodic monitoring of the quality of work performed

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Crowe Horwath International Network

Performs a rigorous periodic review of members' compliance with global quality standards

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Supporter of IFAC and Member of Forum of Firms  IFAC (International Federation of Accountants) and the Forum of Firms promote consistent and high quality standards of financial reporting and auditing practices worldwide. IFAC  The worldwide organization for the accountancy profession  157 member organizations and associations  Representing 2.5 million accountants in 122 countries

Forum of Firms  One of 27 full members

 The Forum and IFAC work together in:     

Promoting audit quality Standard setting Dialogue with regulatory community Promoting convergence to international standards Strengthening the profession around the world

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International Accounting Standards Board

 Crowe Horwath International is a supporter of the International Accounting Standards Board (IASB)  Senior representatives of the IASB have presented at Crowe Horwath International Members’ meetings  We have periodic meetings with IASB staff members to be briefed about the development of standards  We helped organize a Preparer’s Forum for small / mid-cap listed companies

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International Tax

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International Tax - Practice profile  Successful companies consider tax implications before they make business decisions.  International tax compliance and planning is a crucial element in every global strategy. Claudia Ortiz International Tax Committee Chair

Inbound start-ups

International Tax Planning

Corporate Tax Compliance Audit | Tax | Advisory

Transfer Pricing

Value Added Tax

Tax Services

Expat Taxes

International Tax Planning & Structuring Committee

Wealth Management

Real Estate

International Tax value proposition ď&#x201A;§ Our international service teams are committed to delivering value to multinational clients doing business across borders through: A highly-integrated, global tax practice operating under common high-quality standards; across borders; anywhere in the world One contact person to lead the global process Impeccable service delivery Frequent access to senior tax executives Competitive price A long-term relationship with professionals around the world committed to client success Tax advisory and planning according to the development/change of the business Audit | Tax | Advisory

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International Tax process  Crowe Horwath International member firms have a proven three-step tax process to help their clients make more tax-savvy decisions throughout the year:

2 Listen  Understand your business and activity  To the tax issues you face  Understand your global needs

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Create  The right multinational team  Drawing on the knowledge & skills of nearly 20,000 tax professionals worldwide

Develop  Offer different alternatives to face tax issues  The exact solution  To meet your current tax needs and your future expansion

International Tax quality review and training procedures ď&#x201A;§ Crowe Horwath International has an international tax quality review and training program led by our International Tax Director. Quality policies and procedures

Crowe Horwath member firms maintain policies and procedures for achieving and monitoring quality that are fully consistent with international and local professional standards.

Global training program

Crowe Horwath International has a global tax program that provides members with constant updates on the practical implications of professional developments.

Engagement in International Fiscal Organizations

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Crowe Horwath member firms take part in academic activities in national and international organizations. Active engagement in tax committees from where applicable tax practice arises. .

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Global Corporate Advisory

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Global Corporate Advisory – Practice profile  Global Corporate Advisors is a coordinated group of legally independent member firms with specialized competencies in cross-border advisory, transaction support, and integration consulting services. Peter Variey Chairman

Deal Structuring Transaction Support

Advice on Negotiation Strategies

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Foreign GAAP Conversions

Advisory Services

Global Corporate Advisors Committee

Tax Consulting Merger Integration Services

Acquisition Strategy IT Compatibility Reviews

Due Diligence

Global Corporate Advisory value proposition  As one of the largest professional services organizations in the world, we have member firms with local expertise nearly everywhere you may be considering a transaction.  We can support your deal with great connections in the banking, legal, and technical communities, as well within local and national governments.

Connectivity Local country diligence

Equal sharing Partnership approach

A single point of contact

Support

Lower cost structure than the Big Four

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More senior executive involvement

High profile account treatment

Global Risk Consulting

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Global Risk Consulting – Practice profile  Deep subject-matter expertise to keep clients advised of emerging trends, industry benchmarks, and best practices. Risk Management

Internal Audit

Fraud and Ethics

Security and Privacy

Regulatory Compliance Mike Varney Chairman Global Risk Consulting Committee

Regulatory Risk Enterprise Risk

Technology Risk Risk Services

Fraud Risk

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Operational Risk

Financial Risk

Global Risk Consulting value proposition Improve Corporate Governance

 Help clients improve the processes and procedures they have in place to protect the interests of its diverse stakeholders.

Experienced risk professionals

 Global practice model guides member firms to hire full-time experienced risk, internal audit, anti-fraud, compliance, security and privacy professionals.

Experienced thought leaders who practice

 Extensive knowledge including Fortune 500 or Big Four partner experience  Our delivery model is based on our practice leaders working on client engagements to develop and design the best solutions.  Develop global service delivery standards and tools

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Enterprise Risk Management (ERM) consulting process  Crowe Horwath’s Governance Framework™ links seven essential and interrelated components of corporate governance.  We consult with clients and conduct governance audits to identify areas for improvement.

 Our practical ERM approach helps clients identify and prioritize significant risks facing their enterprise and design processes to manage the risk including an ongoing internal audit monitoring program. 1. 2. 3. 4. 5.

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Organize the effort; Establish a framework; Conduct risk assessments; Inventory risk responses; and Implement risk response monitoring.

New solutions

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Global Sustainability services – Profile  Our range of global Sustainability Services provide you with expert, international processes to help your company to:

Context 

Understand what to report



Choose the right approach and framework



Integrate financial and non-financial information

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Strategy 

Develop a sustainability strategy aligned with corporate strategy

Report 

Report under global standards (e.g. GRI, SASB)



Provide assurance to non-financial reports

Global Sustainability services – overview Sustainability strategy. Services designed help to develop, deploy, and communicate a sustainability strategy, aligned with stakeholders’ views and corporate strategy.

Sustainability and integrated reporting.

 Reporting is the most visible aspect of our work. We help clients’ produce Integrated Reports, GRI Sustainability Reports and UNGC Communications of Progress, among other non Through sustainability financial types of reports. We strategy services, strategic also help to develop and plans for sustainability are developed as are models deploy the management for integrated capital systems needed to source management, materiality the information for the analysis for sustainability reporting cycle, and to and integrated reporting, and ensure compliance with strategy-execution services norms and regulations. (e.g., roadmap development,

Sustainability management.

Report of assurance.

 Services to assess the capacity of management and management systems to develop and maintain maximum sustainability value enhancement.

 External assurance of report contents (integrated sustainability) and of carbon statements.

scorecard design, and tailored execution plans).

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Foreign Business Desks

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Foreign Business Desks  Foreign Business Desks (FBDs) reflect how our local roots, in-depth knowledge, and cultural diversity deliver meaningful value to clients’ businesses as they look to expand into new markets.  FBDs are focused in select markets with high inbound and/or outbound activity, and where success and client service requires culturally-aligned resources.  Our FBD professionals have a deep understanding of the political, cultural, and economic background of their practice countries. They know the local rules, regulations and are able to help clients build global success.  The following FBDs have been successfully established in order to provide country-specific expertise in accounting, audit, tax, and corporate advisory: 

 

Japan Desks in: Brazil, Hong Kong, Indonesia, Mexico, Philippines, Singapore, Taiwan, Thailand, United States and Vietnam. China Desk in: France. US Desk in: China (by Crowe GHP Horwath).

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Industry expertise

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Specialized Industry Groups Clients benefit from our deep specialization, accessing our extensive industry experience and insights.

Healthcare

Hotels, Travel and Leisure

Real Estate

Financial Services

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Not for Profit (NGO) ÂŠ 2016 Crowe Horwath International

Awards & Accolades

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Recognized for our experience Gartner 2014 and 2015 Magic Quadrant - Crowe Risk Consulting has twice been named a “Challenger” by Gartner, Inc., in the “Magic Quadrant for Global Risk Management Consulting Services”, by Jacqueline Heng and John A. Wheeler dated October 7, 2014 and November 5.

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Recognized for our experience

Crowe Horwath International named ‘Advisory Firm of the Year’. In 2014, Crowe Horwath International experienced the highest global revenue growth in advisory, at 23% among all firms, including the Big Four. Fueling much of that growth in the Advisory space was Global Risk Consulting with a global growth rate of 40%. Crowe Horwath International’s Global Risk Consulting practice assists multinational companies with their governance, risk and compliance needs.

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Investing in our people

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Investing in our people Crowe Horwath International believes that our people are our greatest asset and it is incumbent on our member firms to invest in programs and initiatives that enhance and grow partners’ and professionals’ skills and knowledge. Young Leadership Academy

• Young Leadership Academy, which runs across our Asia Pacific and EMEA regions, brings together the next generation of leaders to help them build and cultivate cross-border relationships and foster the trust needed to deliver work across borders, seamlessly and effectively. • Through this regional-based program, our next generation of leaders are engaged and excited to be part of a global network and emerge ever more committed to the brand and to each other.

Secondment program

• Our secondment program promotes a culture of collaboration among member firms in identifying cross-border opportunities in strategic markets by temporarily placing professionals at Crowe Horwath International member firms. • Secondments help foster close global ties and cross-border working relationships while addressing human capacity management needs and providing a learning experience for participants. • It also enables our people to deliver quality services to our clients as a seamless network, by sharing knowledge and best practices, raising cultural awareness and developing strong relationships among participating members and staff.

Training

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• As a global network with more than 200 member firms, Crowe Horwath International hosts hundreds of training events at the local, regional and global levels. • Our network leaders are actively teaching and lecturing and promoting opportunities for learning and professional growth.

The business of helping our communities

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The business of helping our communities One of the ways the member firms of Crowe Horwath International live our core values is by serving and supporting our communities. We do this by providing thought leadership, volunteerism, and monetary contributions to important not-for-profit organizations. Below are some illustrative examples of our community involvement in action: The Crowe Horwath Foundation (Crowe Horwath LLP, US) The Crowe Horwath Foundation does not accept grant requests from not-for-profit organizations. Requests are accepted only from Crowe Horwath LLP personnel on behalf of the not-for-profit organizations they support. This approach enables charitable giving to follow our peopleâ&#x20AC;&#x2122;s passions.

Women for Women (Crowe Soberman, Canada) Women for Women is comprised of the female professionals at Crowe Soberman and was founded in 1995 as a vehicle for providing business information, networking opportunities, and financial services for women. In 2015, this initiative celebrated its 20th anniversary.

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Thank you!

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