The Silicon Review
We put ourselves at the heart of your business where we can be most effective”
RSM is a powerful network of audit, tax and consulting experts with offices all over the world. As an integrated team, it shares skills, insight and resources, as well as a client-centric approach that’s based on a deep understanding of their business. Their firms are here to advise clients on a wide range of issues from audit and assurance, consulting, tax, risk advisory, IFRS, restructuring, transaction and business and financial advisory solutions. Apart from these core services, the Company’s member firms also offer a wide range of specialist services, such as wealth management, IT consulting, legal advisory, forensic accounting and human resource consulting.
RMS Offerings, an overview Audit and assurance – To consistently deliver high-quality auditing services, RMS is always investing in auditing methods following the latest developments. Staying alert to risk is always a priority which is why the Company devotes a considerable amount of attention and resources to ensuring its methods are compliant with the International Standards on Auditing.
Outsourcing – RSM can help organizations with their day-to-day administrative and secretarial needs providing solutions for streamlining accounting and bookkeeping procedures, so the clients can get on with running their business while knowing that all the accounting and statutory needs are being taken care of.
Specialist services – To cater for each Company’s distinct traits RSM provides specialist services in a number of countries, including wealth management and legal advisory.
Restructuring – RMS is a team of experienced professionals on hand who specialize in working with company directors, financial institutions, turnaround professionals and venture capitalists to provide practical corporate restructuring advice that is designed for specific business needs. The Company is also experienced in handling personal and corporate insolvency cases, and has a proven track record in working with banks and financial institutions to maximize recoveries.
Risk advisory – Specializing in managing risk RMS enhances the value delivered by its customers to their stakeholders and assists them in protecting their business and its success. Understanding the threats that businesses may face, the Company’s expertise and knowledge remain at the forefront of implementing new approaches to managing risk. From the global banking crisis to the rise of cybercrime, recent history demonstrates the importance of identifying threats, and the appropriate response, at an early stage. As a result, RMS is active, not reactive, and provides support and guidance as systems and processes develop.
Focused on exceeding customer expectations
The Company’s clients range from growth-focused entrepreneurial businesses through to leading multi-national organizations across many sectors and operating nationally and across borders. RMS supports customers with valuable expertise from a local perspective combined with the international knowledge and insights of global professionals. The client relationships are based on mutual respect and collaboration. The Company takes a 360 degree analysis of its customer’s markets, laws and customs to identify opportunities or challenges before they arise. By fully understanding their goals and measures of success, RMS supports and empowers customers every step of the way – maximizing their potential.
Case Study; assessing fraud risk
The new chief financial officer (CFO) of a publicly traded manufacturer was concerned that its rapid growth and highly diversified business lines may have created opportunities for fraud, so the Company sought a proactive review of the entire population of payments, invoices, vendors and employees over the last three years in order to identify weaknesses in internal controls and gauge the company’s fraud risk and hence hired RSM to use mAnalytics, the proprietary forensic data analytics platform and process, to review more than 3,000 employee and 6,000 vendor records, more than 100,000 invoices and more than 40,000 payment transactions The combination of the risk scores and payment amounts associated with each employee and vendor helped the client prioritize and focus its attention on investigating transactions with high value and significant risk characteristics. Using these findings, the client will be able to translate the findings into stronger policies and controls. As a result of this engagement, the manufacturer validated and strengthened its ethics and anti- fraud approach and was able to move forward with its integration with confidence.
Being unique in the domain
The strong, collaborative approach of RSM differentiates it from its competition. The Company strives to truly understand its clients, their strategies and their aspirations and endeavor to be considered the adviser of choice to businesses. By sharing the ideas and insights of their most senior professionals, RSM brings its expert local and global knowledge and resources to the customer’s environment so they feel understood and empowered to move forwards with confidence.
Meet the Key Executive
Joe Adams Managing Partner and CEO – Joe is focused on positioning RSM as the first-choice advisor to middle market leaders by creating an outstanding client experience, enhancing the firm’s focus on the middle market, empowering teams of passionate professionals and building communities of RSM promoters in the marketplace. Since taking on this role in 2011, Adams and his leadership team have successfully completed the purchase of RSM McGladrey, grown the firm’s revenues and enhanced its profitability. He is currently working to build RSM’s reputation as a global service provider, enhance its presence in key markets domestically and help build its network around the world. His client service experience includes auditing and advising clients in mergers, acquisitions, divestitures, operations, organizational and strategy matters. Adams is active in the Chicago community and currently serves as a member on the Board of Trustees for DePaul University and as a member of the Economic Club of Chicago. He holds a Bachelor’s degree in Accounting and a MBA in Operations Management from DePaul University.