Frazier & Deeter, LLC

News Releases

Deeter Named to Board of Directors of Accounting Association

Atlanta Business Chronicle Names Frazier & Deeter as 2006 Best Place to Work of Medium-sized Businesses

McDaniel Appointed to AICPA Peer Rreview Board

F&D Gives Back To The Community Through 25th Anniversary Campaign

Frazier & Deeter Announce Promotions

Frazier & Deeter Principal Selected for National Association Task Force

Frazier & Deeter Team Members Selected for GSCPA Committee

Frazier & Deeter Offers New Services to Accounting Firms and Public Companies

Atlanta Accounting Firm Continues to Grow Despite Industry Staffing Struggles

F&D Wins Practice Innovation Award

Frazier & Deeter Partner Member of AICPA QC Standards Task Force

Frazier & Deeter Announce Staff Promotions

Deeter named to board of directors of accounting association
(Atlanta � October 10, 2006)
David A. Deeter, CPA, managing director of CPA firm Frazier & Deeter, LLC, has been named to the CPAmerica International Board of Directors. As director serving a three-year term, he will assist with guiding the association in its quest to provide excellent programs to its member firms.

CPAmerica International is a leading international network of major independent accounting firms. CPAmerica's board of directors was selected at the association's Council of Members meeting in Honolulu, Hawaii.

Frazier & Deeter, LLC, has been a member of the CPAmerica network for 20 years. CPAmerica is an exclusive network of more than 70 large independent U.S. accounting firms that share knowledge and resources. With executive offices in Alachua, Fla., CPAmerica provides continuing education, marketing, practice management support, online services and other programs for the betterment of its member firms.

Through its strategic alliance with Horwath International, CPAmerica offers its members the regional expertise of CPAs and consultants in more than 400 cities around the world. Together, revenues of CPAmerica/Horwath firms worldwide exceed $2 billion.

Atlanta Business Chronicle Names Frazier & Deeter as 2006 Best Place to Work of Medium-sized Businesses
(Atlanta � September 15, 2006)
Leading Atlanta business publication, Atlanta Business Chronicle, named Frazier & Deeter as on of Atlanta 's Best Places to Work for medium sized businesses. In this highly coveted Best Places to Work Awards Program, F&D was selected as a finalist among thousands of Atlanta area companies competing for this prestigious award.

Each year Atlanta Business Chronicle, in partnership with Quantum Market Research, survey's the areas businesses and organizations to find those that stand out from the competition. This year, Frazier & Deeter is joined by other medium-sized businesses such as CareerBuilder.com and Georgian Bank.

McDaniel Appointed to AICPA Peer Review Board
(Atlanta � August 29, 2006)
Seth McDaniel, partner of Frazier & Deeter, has been appointed as a member of the American Institute of Certified Public Accountants Peer Review Board . As a member of this task force, McDaniel is responsible for working with other members to maintain, further and govern the activities of the AICPA Peer Review Program, including the issuance of peer review standards, and peer review guidance, while being mindful of the profession's covenant to serve the public interest with integrity and objectivity.

The Board is committed to conducting, in cooperation with state CPA societies, a globally preeminent Program that monitors the quality of services provided by over 30,000 AICPA firms. Forty-one state CPA societies now administer the AICPA Peer Review Program and the AICPA Peer Review Board oversees the forty-one administering bodies. Thirty-nine states require peer review as a condition of licensure; about half of which require some form of disclosure of the results. Thousands of AICPA firms currently place the results of their peer reviews in a public file as an enrollment requirement in the Center for Public Company Audit Firms peer review program or as a membership requirement of AICPA audit quality centers and the Private Companies Practice Section. In addition, thousands of firms provide their peer review results to clients to comply with governmental or regulatory requirements.

The full task force report may be found at www.aicpa.org/transparency . The Task Force included representation from small, medium and large CPA firms, business & industry, those involved with peer review, some who weren't, state CPA society leadership and state regulators.

The American Institute of Certified Public Accountants ( www.aicpa.org ) is the national, professional association of CPAs, with approximately 350,000 members, including CPAs in business and industry, public practice, government, and education; student affiliates; and international associates. It sets ethical standards for the profession and U.S. auditing standards for audits of private companies; federal, state and local governments; and non-profit organizations. It also develops and grades the Uniform CPA Examination.

F&D Gives Back To The Community Through 25th Anniversary Campaign
(Atlanta � July 5, 2006)
Atlanta-based, Frazier & Deeter, LLC enters into their 25th Anniversary year by unveiling a campaign which focuses on giving back to the metro area. During the Anniversary year, which began July 1, the firm has committed financial resources and volunteer initiatives aimed at sustaining a purposeful relationship with the community. David Deeter, managing partner of the firm comments, �With stewardship being one of our core values, Frazier & Deeter felt it important to continue to support the community that has given us so much.�

An internal task force assigned to distribute a total charitable contribution of $25,000, in $2,500 increments, selected civic sponsorships that benefit community-based organizations supporting needful families and personal well-being, the arts, and the enrichment of the accounting profession. These sponsorships are funded outside of the Frazier & Deeter Foundation. LLC.

In the spirit of �25 years of service and innovation,� Frazier & Deeter's volunteerism group, Project Impact, has also committed to quarterly Ronald McDonald House dinners and a Hands on Atlanta Day project. In addition, Project Impact will participate in several fundraiser walks and support a holiday drive with a goal of more than 25% participation from team members at each event.

Frazier & Deeter is one of Atlanta 's leading local CPA and advisory firms with over 120 professionals and 13 partners. Frazier & Deeter accountants have provided tax, accounting, assurance and advisory services to companies and high-net worth individuals. Industry areas of expertise include real estate, manufacturing, technology, creative professional services, distribution, construction and personal financial planning.

Frazier & Deeter Announce Promotions
(Atlanta - July 1, 2006)
Frazier & Deeter, LLC, Atlanta's second largest independent Certified Public Accounting and Advisory firm, announce the promotions of Jeff McMinn to Principal, Jeremy Jones to Senior Audit Manager, Barbara Borczak to Senior Tax Manager, Kirsten Marshall to Tax Manager, Monique Quindsland Michael Keenum to Audit Managers, Marvin Lewis to Tax Senior, and Rebekah Walters and Scott Quesnel to Audit Seniors.

Frazier & Deeter Principal Selected for National Association Task Force
(Atlanta � March 19, 2006)
Principal of Frazier & Deeter, LLC, William Godshall, CPA, has been appointed to serve as a member of the PKF North American Network's Public Company Task Force for 2006. In his role with the PCTF, Godshall will be responsible for establishing and developing best practices to better serve Public Company clients. Educational programs and tools will be aligned with tools and software recommendations.

Public Company Task Force members are leaders in their field, with proven track records providing service and solutions to publicly-traded companies. Godshall brings over 15 years of public company industry to the Task Force and has served as an inspection leader at the Public Company Accounting and Oversight Board.

PKF North American Network is a membership association comprised of 92 independent accounting and consulting firms in North America that are dedicated to serving middle-market businesses and individual clients.

Frazier & Deeter is one of Atlanta 's leading local CPA and advisory firms. For 25 years, Frazier & Deeter accountants have provided tax, accounting, assurance and advisory services to companies and high-net worth individuals. Industry areas of expertise include real estate, manufacturing, technology, creative professional services, distribution, construction and personal financial planning.

Frazier & Deeter Team Members Selected for GSCPA Committee
(Atlanta � March 8, 2006)
Partner of Frazier & Deeter, LLC, Chris Etheridge, CPA, has been selected to serve as Chair for the Georgia Society of CPA's Peer Review Committee. In addition William Godshall, CPA, principal of the firm, has joined as a task force member. In their role with the Peer Review Executive Committee they will be r esponsible for establishing and administering the peer review program in accordance with AICPA and GSCPA standards. Other objectives of the committee are to achieve the educational objectives of the peer review program through implementation of relevant policies and procedures, as well as to provide oversight and guidance of the peer review committee and the peer review administrator.

The committee's mission is to approve all system, engagement, and report reviews. Prescribe actions designed to improve the reviewed firms' quality control policies and procedures and/or financial reporting practices. Monitor prescribed actions to determine compliance by the firm. The Georgia Society of CPAs provides training for committee members in the spring of each year.

�This is an honor for Frazier & Deeter, as well as for Chris Etheridge and Bill Godshall,� said David Deeter, managing partner of the firm. �In this position they will be better prepared to help firms maintain the standards of trust and quality that are expected in the accounting industry.�

Frazier & Deeter is one of Atlanta 's leading local certified public accounting and advisory firms. For almost 25 years, the Frazier & Deeter accountants have provided tax, accounting, assurance and advisory services to companies and high-net worth individuals. Industry areas of expertise include real estate, manufacturing, technology, creative professional services, distribution, construction and personal financial planning.

Frazier & Deeter Offers New Services to Accounting Firms and Public Companies
Atlanta-based certified public accounting and advisory firm, Frazier & Deeter, announce the launch of three new service lines, led by former Director and Inspection Leader of the PCAOB.
( Atlanta - January 2006/December 2005) The Enterprise Risk and Controls practice (ERC) of Frazier & Deeter can assist management with all phases of Sarbanes-Oxley 404 compliance. ERC services include project management assistance, technical support, risk assessment and scoping activities, documentation, evaluation and remediation of controls, training, quality assurance, and review. ERC services are also focused on helping Internal Audit Directors assemble specific skills to meet the requirements of their internal audit plan. ERC may augment existing staff, provide deep expertise for critical areas where it might be uneconomical to retain such skills in-house, or provide specific value-added solutions to meet critical business or departmental needs.

The Accounting and Risk Advisory Services (ARAS) of Frazier & Deeter can assist small and mid size public companies with technical accounting and reporting issues, include complex topics such as leases, stock options, debt versus equity assessments, derivatives and other difficult accounting areas. Recently ARAS has added three public company clients with revenues ranging from $xxx million to $1.2 billion.

The Audit Quality Advisory Services (AQAS) of Frazier & Deeter can assist PCAOB-registered accounting firms with pre-inspection review, post-inspection support and on-going quality control development and improvement. In addition, AQAS can assist with drafting responses to public and non-public portions of inspection reports and develop remediation plans as needed.

�As noted in the recently-released PCAOB's Report on the Initial Implementation of Auditing Standard No. 2, one of the key trends in Year 2 compliance for auditors should be to focus on improved efficiency of integrated audits�, comments Jeff McMinn, leader of the ERC practice. �A control rationalization by management will help focus management's testing strategy on the controls that are critical to the organization and reduces time spent by companies and auditors testing low-risk areas.�

At the recent AICPA National Conference on Current SEC &PCAOB Developments, members of the PCAOB Registration and Inspections division noted that 2006 will be the third year of the three-tear cycle for initial registrants. This means firms not inspected in the first two years can reasonably be expected to be inspected in 2006. �There are a large number of firms that have not been inspected in the first two years,� comments Seth McDaniel, partner of Frazier & Deeter, and former Associate Director with the PCAOB Inspections division. �The likelihood of these firms coming under inspection in 2006 is significant.�

As an extension of this offering, F&D ERCP can help public companies with their internal controls and compliance issues. Public companies today cannot survive having one CPA. They need one firm to give advice and the other to do the audit. It's the middle-market companies who can greatly benefit from F&D's expertise.

ERC is led by Jeff McMinn ( jeff.mcminn@frazierdeeter.com ). Jeff has extensive experience in assisting companies with 404 implementation and internal audit outsourcing and co-sourcing. Jeff recently joined us as a senior manager from a large, international accounting firm. ARAS is headed by Bill Godshall, a principal in the assurance practice at Frazier & Deeter (bill.godshall@frazierdeeter.com). Bill was a former inspection leader with the PCAOB and worked with two large, international accounting firms prior to joining the PCAOB. AQAS is headed by Seth McDaniel, a partner at Frazier & Deeter and a former director of the PCAOB (seth.mcdaniel@frazierdeeter.com ). In addition, Seth spent several years at two large, international accounting firms. Seth and Bill have extensive experience with publicly-traded companies. Their collective experience allows them to offer these unique services to PKF firms and their clients. For more details, contact Erinn Keserica at 404.253.7434 or email Seth, Bill or Jeff at the above addresses.

Atlanta Accounting Firm Continues to Grow Despite Industry Staffing Struggles
(Atlanta - November 2005)
In an industry where recruiting is a topic of much discussion, Atlanta based accounting firm, Frazier & Deeter , is pleased to announce the addition of William Godshall, CPA , as the newest principal of the firm. He is the second member of the Public Company Accounting and Oversight Board (PCAOB) who has joined the firm in the past year.

Frazier & Deeter, is one of Atlanta 's leading lo cal certified public accounting and advisory firms. For the past 24 years, the firm has provided tax, accounting, assurance and advisory services to privately-held companies and high-net worth individuals. Industry areas of expertise include real estate, manufacturing, technology, professional services, distribution, construction and personal financial planning.

F&D Wins Practice Innovation Award
(Atlanta - September 2005)
Frazier & Deeter has earned Practical Accountant's prestigious Practice Innovation Award. The Practice Innovation Awards are presented annually to accounting firms that are taking the lead in developing new or improved services, and promoting efficiency in the practice of public accounting. Frazier & Deeter was honored for its recruiting and retention campaign and is featured in the publication's September issue with 16 other firms from around the country.

To read the article click here.

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Frazier & Deeter Partner Member of AICPA QC Standards Task Force
(Atlanta - August 16, 2005)
Frazier & Deeter , is pleased to announce Partner, Seth McDaniel, CPA , has become a member of the AICPA Quality Controls Standards Task Force . The objective of the task force is to look at the QC standards and see how, if at all, they should be amended, with the objective of convergence with the international standards.

The task force will look at new guidance as well as the international QC standards and recommend changes to the AICPA QC standards and/or the guidance to the ASB. The task force will consider revisions to SAS No. 25, "The Relationship of GAAS to Quality Control Standards" (AU 161). His experience working the Public Company Accounting and Oversight Board (PCAOB) , prior to joining Frazier & Deeter in 2004, makes him uniquely qualified to serve in this role. He is notably the only member of the task force from Georgia .

At the PCAOB, he helped to develop the accounting practice inspection program that is in place today. Other responsibilities were to oversee the nationwide inspection of a Big 4 firm as well as several small firms. He also was instrumental in the evolution of the small firm inspection program. Most recently in 2004, he was the first person promoted within the PCAOB inspections division to Associate Director making him the youngest Associate Director in the organization's history.

Frazier & Deeter, is one of Atlanta 's leading local certified public accounting and advisory firms. The firm provides tax, accounting, assurance and advisory services to companies and high-net worth individuals. Industry areas of expertise include real estate, manufacturing, technology, professional services, distribution, construction and personal financial planning.

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Frazier & Deeter Announce Staff Promotions
(Atlanta - January 1, 2005)
Frazier & Deeter, LLC, Atlanta's second largest independent Certified Public Accounting and Advisory firm, announce the promotions of Jeff Seay and Andrew Aston to Senior Audit Manager, Jason Meadows and Michael Sute to Senior Tax Manager, and Monique Quindsland to supervisor.