CliftonLarsonAllen LLP (known as CliftonLarsonAllen or CLA) is a

professional services network Professional services networks are business networks of independent firms who come together to cost-effectively provide professional services to clients through an organized framework. They are principally found in law and accounting. They may a ...

and the eighth-largestAccounting Today Top 100 Firms 2018
''Accounting Today'', 2018. Retrieved April 16, 2018. accountancy firm in the United States. It was established in 2012 with the merger of two U.S. firms: Clifton Gunderson LLP (based in

Milwaukee Milwaukee ( ), officially the City of Milwaukee, is both the most populous and most densely populated city in the U.S. state of Wisconsin and the county seat of Milwaukee County. With a population of 577,222 at the 2020 census, Milwaukee is ...

, Wisconsin) and LarsonAllen LLP (based in

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...

, Minnesota). It is a member of the Nexia International accounting network.

History

Clifton Gunderson LLP was the 14th-largest accounting firm in the U.S. in 2010, and the largest member firm of HLB International until it left that network in 2012 after the merger with LarsonAllen. The merger occurred January 2, 2012. The decision to affiliate with Nexia rather than HLB International was taken after the merger. Kris McMasters and Gordy Viere became the first co-CEOs of CLA, with Viere also serving as the CEO of CLA Holdings. McMasters retired April 1, 2013, leaving Viere as sole CEO.{{cite web , url=https://www.accountingweb.com/practice/practice-excellence/krista-mcmasters-cliftonlarsonallen-co-ceo-announces-retirement , access-date=2021-04-08 , title=Krista McMasters, CliftonLarsonAllen Co-CEO, Announces Retirement , publisher=AccountingWeb , date=March 19, 2013 , first=Frank , last=Byrt Denny Schleper became the CEO of CLA in January 2015 after Viere retired.CLA’s Viere Passes the Leadership Torch to Schleper
''Accounting Today'', January 2, 2015. In September 2013, CLA agreed to pay a $35,100,000 settlement on the audit of the City of Dixon, Illinois. Clifton Gunderson had performed the audit for many years, but Clifton Gunderson had failed to recognize fraud committed by the city's controller,

Rita Crundwell Rita A. Crundwell (née Humphrey; born January 10, 1953) is the former Comptroller and Treasurer of Dixon, Illinois from 1983 to 2012, and the admitted operator of what is believed to be the largest municipal fraud in U.S. history. She was fired ...

, that amounted to nearly $54 million. In addition, the firm was fined by the Illinois Department of Financial and Professional Regulation.Illinois Department of Financial and Professional Regulation News
page 2. February 2015.

References

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External links

Official website
{{Authority control Accounting firms of the United States Business services companies established in 1953 1953 establishments in Minnesota