Crowe Global

Crowe Global, commonly referred to as Crowe, previously Crowe Horwath International,[2] is a multinational professional services network. It is the 8th largest global accounting network in the world by revenue.[3] The network consists of more than 220 firms with over 40,000 employees in 130 countries.[4]

Crowe Global
TypeSwiss Verein
IndustryProfessional services
Founded1915 (1915) (Horwath & Horwath)
1960 (1960) (Horwath & Horwath International)
1991 (1991) (merger of Crowe LLP, firm changed name to Crowe Horwath in 2009)
2018 (2018) (Crowe)
Founder
  • Fred P. Crowe Sr.
  • Ernest Horwath
  • Edmund Horwath
Headquarters
New York City
,
United States of America
Area served
Worldwide
Key people
  • Kamel Abouchacra (CEO)
  • Jim Powers (Chairman of Global Board)
Services
RevenueIncrease US$4.9 billion (2022)[1]
Number of employees
40,309 (2022)
Websitewww.croweglobal.com

Crowe provides audit, tax, consulting, enterprise risk and financial advisory services. In FY 2018, the network earned a record US$4.3 billion in aggregate revenues.

History
Crowe offices in Sydney, Australia at 1 O'Connell Street (right)
Crowe's Singapore offices at 8 Shenton Way, Singapore.
Crowe offices at Market Center in San Francisco, United States
Crowe offices at the Scanlan Building in Houston, Texas, United States

In 1915, Hungarian immigrants Ernest and Edmund Horwath founded Horwath & Horwath in New York.[5][6] The original practice focused on the hospitality industry.[7] The practice later expanded to include accounting, audit and tax offerings.[8] 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.[9]

By 1960, the umbrella organization Horwath & Horwath International Associates (HHIA) was established.[10]

In 1989, the organization shortened its name to Horwath International [11] 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.[3][12][13]

Organization

Kamel Abouchacra, named CEO-elect of Crowe Global will take over the CEO role from interim CEO Jim Powers in November 2023. Jim Powers will continue with Crowe in his role as Chairman of the global board.[14]

See also

References
  1. "Issues in China contribute to stalled growth for Crowe Global". Consultancy Asia. Consultancy Asia. Retrieved 24 June 2020.
  2. "Crowe Horwath International announces name change". Crowe Global. 5 June 2018. Retrieved 5 June 2018.
  3. "Horwath International Takes on the Crowe name". Public Accounting Report. April 15, 2009.
  4. "World Survey". International Accounting Bulletin (557). February 2016.
  5. Gregory Richards (August 5, 2002). "1990: The other big accounting firm meltdown". Philadelphia Business Journal. Retrieved January 1, 2017.
  6. "PTL's Accounting Firm To File For Bankruptcy". News & Record Greensboro. November 19, 1990. Retrieved January 1, 2017.
  7. "A Proposal to the Hotel Industry". The Alarm Clock. December 1, 1925.
  8. "Crowe Horwath International History". Crowe Horwath. Archived from the original on January 1, 2017. Retrieved January 1, 2017.
  9. "AccountingToday". AccountingToday. Archived from the original on 2016-03-04. Retrieved 2015-06-03.
  10. "Financial Adviser and Placing Agent" (PDF). Aseana Properties Limited. Retrieved January 1, 2017.
  11. "Horwath International". Trademarks on Call. Retrieved January 1, 2017.
  12. "Crowe Adds Horwath to Name". Public Accounting Report. September 15, 2008.
  13. "Crowe Chizek gets new name". Accounting Today. October 6, 2008.
  14. "New Chief Named at Crowe Global". Crowe Global. July 7, 2023.

Further reading

Seglias, Fernando (2006). Caring Sharing Investing Growing - The Story of Horwath International. Horwath International.
Ferst, Stanley D.; Seif, Juan A. (1984). The History of Horwath & Horwath International, 1956-1983. Horwath & Horwath International.

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