UHY has appointed the Chief Operating Officer of US member firm UHY Advisors, Inc., Rick David, as the new chairman of UHY.
Rick takes over as Chairman from Bernard Fay, managing partner at UHY Fay & Co, UHY’s Spanish member firm and one of the top 20 leading firms in Spain.
Rick started his career in the audit practice of one of the ‘Big Four,’ where he practiced for 30 years. He joined the UHY Board of Directors in October 2012 and served as Treasurer of UHY from 2015 to 2018.
As well as being a well-respected auditor and business adviser, Rick also has experience as an accountancy profession regulator and standard setter.
During his more than 40-years’ experience in the industry, Rick has worked with a wide range of clients from multinational corporations to smaller entrepreneurial enterprises.
He also contributed to the Accounting profession through his service on the Michigan State Board of Accountancy and the Professional Ethics Executive Committee of the American Institute of Certified Public Accountants (AICPA).
Rick comments: “Being chairman of one of the largest accounting and consultancy networks in the world presents a really exciting opportunity.”
“We are already seeing a large increase in cross-border work coming to the network and that is something that we intend to build on. More of our clients want our member firms to represent them globally and that is what this network facilitates.”
One of Rick’s key priorities during his time as chairman is to expand on the strong links between the member firms across the UHY network and will look to build on the increased flow in referral work between countries to enhance the knowledge shared between local offices. This includes expertise in many newer technological developments taking place in the industry.
Says Rick: “The growth in innovative new accounting practices, integrating AI and data analytics for example, are opening up a range of possibilities for the profession – to do work more efficiently and rigorously. These developments have the potential to lead to dramatic improvements in the audit process.”
“The UHY network gives member firms the opportunity to share knowledge of new developments with offices across the world. Utilising these links also allows us to develop the next generation of leaders in the industry.”
“With a more globalised and connected world than ever, the industry has to ‘think local, go global.’ The UHY network is a key vehicle to help us build relationships with clients and serve them by tapping into that wider bank of expertise across the world.
In the picture, on the left, Bernard Fay, in the middle, the Gobernor of Michigan State, and on the right, Rick David.