Marcum Bernstein & Pinchuk LLP announced that the organisation will change its name to Marcum Asia CPAs LLP, subject to regulatory approval. The name change will reflect the rapid growth of the organisation’s work at the intersection of the United States and Asia markets.
What is Marcum’s market reach?
Marcum Asia’s client base spans Mainland China, Hong Kong, Taiwan, Japan, Indonesia, Malaysia, and Singapore. The firm provides audit and attest services to both public and private companies, either listed or preparing to list in the U.S. Marcum Asia also provides a range of consulting services to non-audit clients, which include: technical accounting policies, Sarbanes-Oxley, internal controls, corporate governance, and financial due diligence.
Marcum Asia is a fully integrated audit company providing a full range of audit services, technical review, quality control, and client relationship management, which is unlike other audit firms operating in Asia under a global network of member organisations.
What were the executives’ thoughts on the expansion?
“Our name change reflects the substantial growth of the Firm’s business across our service offerings, geographic footprint, and our team,” said Drew Bernstein, co-chair of Marcum Asia.
“Today, we employ one of the largest teams of SEC and PCAOB-knowledgeable auditors in Mainland China. We recently expanded our presence in the region. Our new office in Singapore increases support for clients across Southeast Asia. This includes middle-market industrial enterprises to multi-billion technology companies,” Bernstein further commented.
“From our very first days in China, we recognized that if we were going to deliver quality audits in China’s complex environment, building an in-house team of trained professionals located in both U.S. and Asia markets was vital,” said Neil Pinchuk, co-chair of Marcum Asia.
“We have continued to invest in strengthening our quality control team, recruiting top technical talent, and creating a robust learning pathway and culture. I am exceedingly proud of the maturity, drive, and outstanding integrity of our rising generation of firm leaders.”
“Demand for Marcum Asia’s audit and consulting services in Mainland China remains robust. We are one of the few with the scale and experience to efficiently complete large, complex assignments for U.S.-listed firms in accordance with the standards of the Public Company Accounting Oversight Board,” said Charles Yin, managing partner and CEO of Marcum Asia.
“Concerns about the potential for delisting firms whose auditors aren’t PCAOB-inspected has fueled a flood of U.S.-listed firms that need the skills and proficiency offered by Marcum Asia.”