The Siegfried Group LLP announced that it will focus solely on its expanding resource services business.
Through the practice, the firm provides accounting and financial professionals to major public companies and other large organizations to help implement projects. The result of the change is that Siegfried will de-emphasize its traditional CPA and consulting practices
Resource services has been the primary engine of the Siegfried Group's growth over the past several years, enabling the firm to establish relationships with a large number of Fortune 1000 companies. Established in 1988, Siegfried employs more than 500 full-time, experienced accounting and financial professionals.
Siegfried already has an agreement in place with Parente Randolph LLC, an accounting and consulting firm headquartered in Philadelphia, to ensure a smooth transition of Siegfried's middle-market, entrepreneurial and high-net-worth clients to Parente Randolph."Increasingly stringent financial reporting requirements and the pressures of right-sizing have created an unprecedented demand among CFOs, controllers and other financial executives to augment their internal financial staff for key projects," said president and chief executive Robert L. Siegfried Jr., in a statement. "These dynamics have redefined the corporate landscape and have placed enormous demands on financial executives and the accounting profession."
