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San Antonio Accounting Societies

Local Accounting Firms

  • BKD
    In the last few years several local firms have been acquired, like the Hnake group, by national firms such as BKD.
  • Grant Thornton San Antonio
    Grant Thornton is one of the large national firms occupying the size ladder below the Big Four.l
  • Padgett Stratemann is now RMS
    As San Antonio becomes a bigger player in Texas Business, more national firms are entering this market. A national firm does not start from zero. RMS (http://rsmus.com/) purchased Padgett. This gives the buyer a large client base to start with. Typically the local partners have made a handsome profit on their time at the firm. But seeking to recoup the investment, the buyer typically raises fees knowing some business will be lost. RMS has re located from North Loop 410 to 1604 and 281. Renee Foshee, a tax expert with the firm, is the current SA CPA Society President.
  • Turner Cleveland PC
    Terry Cleveland has addressed our students. Two of our graduates are employed with at this firm.
  • weaver CPA
    Weaver is one of the largest Texas based Accounting Firms.
  • Hill and Ford CPAs
    Kim Ford has addressed our students. She has expanded her practice from tax and write up to forensic investigation and court testimony.
  • Fisher Herbst and Kemble P. C.
    Bruce Howard who was on our Business Advisory Council was the Officer Manger for this firm.
  • Ridout Barrett CPAs
    Tony Ridout has visited and addressed our students many times. We have placed graduates with Ridout for several years.

Financial Consulting Firms

  • Aventine Hill Partners, Inc.
    Beth Hair CEO founded Aventine in San Antonio in 2009. The firm now has offices in Dallas, Austin, San Antonio, and Houston. She formerly was with RGP.
  • Resource Global Professionals
    Susan Hough has been to campus and spoken to our students. She is the San Antonio Manager of RGP. RGP and Aventine are not CPA firms. Instead they offer contract specialists for firms needing specific tasks such as compliance or Controllerships.

Accounting Information

Accounting Certifications

Accounting Information

TAMUSA Library

  • P2240002
    Learn about the accounting review mateirals!

Geo Politics

  • Foreign Affairs
    :Published by the Council on Foreign Relations
  • Institute for the Study of War
    The Institute for the Study of War advances an informed understanding of military affairs through reliable research, trusted analysis, and innovative education. We are committed to improving the nation’s ability to execute military operations and respond to emerging threats in order to achieve U.S. strategic objectives. ISW is a non-partisan, non-profit, public policy research organization.
  • Stratfor
    This Austin, TX based site was begun by an ex Texas State Professor.

About

Columnists - Thoughtful Reading

Economic Sites and Blogs

The View from Abroad

San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.

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San Antonio Ragtime Society

  • San Antonio Ragtimne Society
    This is an organization that sponsors the only annual Ragtime Festival in Texas. A TAMUSA student is an active member.

Socionomics

« Ex-Goldman Sachs banker sentenced to 10 years in prison in 1MDB fraud | Main | IMA Meeting and CMA practice exam »

March 12, 2023

Silicon √alley Bank Update

Weekend March 12 2023

 

Ok guess who issued an all is well, no going concern warning just a couple of weeks before SVB collapsed, yep you guessed it

 

KPMG, I recieved this e mail from author Kurt Pany our undergrad audit author

 

We realize that this is probably more than you bargained for (particularly given our promise that we “will not deluge you with emails”), but things are happening pretty quickly.

The links below relate to the Silicon Valley Bank (SVB Financial Group) issues this past week. The date of its most recent audit report included in its Form 10-K is February 24, 2023, about 12 days before all the news started.

The first link is to that 10-K (in that document search for “In our opinion” to quickly locate the audit report). All this presents a wide variety of possible audit related discussion issues (critical audit matters, going concern, an illustration of an integrated report on the financial statements and internal  control, a 30 year client, etc.)

Following that are a couple links to articles (the Wall Street Journal one you may not be able to see if you don’t subscribe). If you wish, a quick Internet search will provide you with any number of alternate sources.

0000719739-23-000021 (d18rn0p25nwr6d.cloudfront.net)

https://www.wsj.com/articles/silicon-valley-bank-svb-financial-what-is-happening-299e9b65

Silicon Valley Bank collapse: How it happened (cnbc.com)

---

As always, send any questions, inquiries, etc. to either (or both) of us.

 

Kurt and Ray

[email protected]

[email protected]

Posted at 02:12 PM in Ethics, Financial Acct |

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