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Crowe Global, commonly referred to as Crowe, previously Crowe Horwath International, is a multinational
In 1915, Hungarian immigrants Ernest and Edmund Horwath founded Horwath & Horwath in New York. The original practice focused on the hospitality industry. The practice later expanded to include accounting, audit and tax offerings. In 1967, it merged with Laventhol Krekstein Griffith & Co. to become Laventhol & Horwath.
Crowe Chizek was established in 1942 in South Bend, Indiana, 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.
By 1960, the umbrella organization Horwath & Horwath International Associates (HHIA) was established.
In 1989, the organization shortened its name to Horwath International and in 1991 Crowe Chizek became a member of the network.
Horwath International rebranded in April 2009 as Crowe Horwath International and in June 2018, Crowe Horwath sees a further evolution of their brand with a move to the network name 'Crowe' across their independent member firms globally.
{{Authority control 1915 establishments in New York City 1915 establishments in the United States Accounting firms of the United States Companies based in New York City Consulting firms established in 1915 International management consulting firms Management consulting firms of the United Kingdom Management consulting firms of the United States
professional services
Professional services are occupations in the service sector requiring special training in the arts or sciences. Some professional services, such as architects, accountants, engineers, doctors, and lawyers require the practitioner to hold prof ...
network. It is the 9th largest global accounting network in the world by revenue. The network consists of more than 220 firms with over 42,000 employees in 130 countries.
Crowe provides audit
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing ...
, tax, consulting
A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization.
Consulting servic ...
, enterprise risk and financial advisory services. In FY 2018, the network earned a record US$4.3 billion in aggregate revenues.
History
In 1915, Hungarian immigrants Ernest and Edmund Horwath founded Horwath & Horwath in New York. The original practice focused on the hospitality industry. The practice later expanded to include accounting, audit and tax offerings. In 1967, it merged with Laventhol Krekstein Griffith & Co. to become Laventhol & Horwath.
Crowe Chizek was established in 1942 in South Bend, Indiana, 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.
By 1960, the umbrella organization Horwath & Horwath International Associates (HHIA) was established.
In 1989, the organization shortened its name to Horwath International and in 1991 Crowe Chizek became a member of the network.
Horwath International rebranded in April 2009 as Crowe Horwath International and in June 2018, Crowe Horwath sees a further evolution of their brand with a move to the network name 'Crowe' across their independent member firms globally.
Organization
David Mellor, the current CEO of Crowe Global, succeeded former CEO Kevin McGrath in April 2018. In June 2018, the global network rebranded and changed its name to Crowe. Over 220 member firms across the world are now known under the new single name.See also
*Accounting networks and associations An accounting network or accounting association is a professional services network whose principal purpose is to provide members resources to assist the clients around the world and hence reduce the uncertainty by bringing together a greater number ...
* Big Four accounting firms
The Big Four are the four largest professional services networks in the world, the global accounting networks Deloitte, Ernst & Young (EY), KPMG, and PricewaterhouseCoopers (PwC). The four are often grouped because they are comparable in s ...
* Professional services
Professional services are occupations in the service sector requiring special training in the arts or sciences. Some professional services, such as architects, accountants, engineers, doctors, and lawyers require the practitioner to hold prof ...
* Financial audit
A financial audit is conducted to provide an opinion whether " financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are interna ...
* Tax advisor
References
Further reading
{{Authority control 1915 establishments in New York City 1915 establishments in the United States Accounting firms of the United States Companies based in New York City Consulting firms established in 1915 International management consulting firms Management consulting firms of the United Kingdom Management consulting firms of the United States