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Crowe 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.
professional services Professional services are occupations in the service sector requiring special training in liberal arts and pure sciences education or professional development education. Some professional services, such as architects, accountants, engineers, d ...
network, headquartered in New York
New York most commonly refers to:
* New York (state), a state in the northeastern United States
* New York City, the most populous city in the United States, located in the state of New York
New York may also refer to:
Places United Kingdom
* ...
, United States. It is the 8th largest global accounting network in the world by revenue. The Crowe network is composed of member firms of Crowe Global (previously Crowe Horwath International) a Swiss Verein registered in Zurich
Zurich (; ) is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zurich. It is in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 448,664 inhabitants. The ...
, Switzerland. The network consists of more than 220 firms with over 40,000 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 al ...
, tax
A tax is a mandatory financial charge or levy imposed on an individual or legal entity by a governmental organization to support government spending and public expenditures collectively or to regulate and reduce negative externalities. Tax co ...
, consulting
A consultant (from "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice or services in an area of specialization (generally to medium or large-size corporations). Cons ...
, enterprise risk and financial advisory
Corporate services or business services are activities which combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) ...
services. In FY 2023, the network earned a record US$5.3 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
Kamel Abouchacra, is the CEO of Crowe Global.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 numbe ...
* Big Four accounting firms
The Big Four are the four largest professional services networks in the world: Deloitte, Ernst & Young, EY, KPMG, and PwC. They are the four largest global accounting networks as measured by revenue. The four are often grouped because they ar ...
* Professional services Professional services are occupations in the service sector requiring special training in liberal arts and pure sciences education or professional development education. Some professional services, such as architects, accountants, engineers, d ...
* 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
A tax advisor or tax consultant is a person with advanced training and knowledge of tax law. The services of a tax advisor are usually retained in order to minimize taxation while remaining compliant with the law in complicated financial situations ...
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