George Herrmann is the Chief Auditor in the firm’s Professional Practice Group, with more than 30 years of experience in public accounting. He is responsible for oversight of the Firm’s audit methodology, encompassing both quality and innovation.
George spent most of his career at a Big 4 accounting firm and served as the Chief Auditor. He was recognized throughout the firm’s global network as an authority on auditing, accounting and financial reporting. George expertise includes US GAAP, International Auditing Standards, PCAOB Rules & Regulations, SEC Rules & Regulations, Sarbanes Oxley Act including internal controls over financial reporting. He was a key member of the firm’s senior leadership team responsible for strategy, policy and ensuring adequacy and compliance with their system of quality control, interacting directly with the U.S. Securities and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB).
George overall responsibilities was maintaining the firm’s audit methodology including developing and disseminating firm policy and guidance on the application of auditing and related professional practice standards relative to financial statement and internal control audits and other assurance engagements. Prior to holding that position, he served as a member of the firm’s Audit Quality and Process Monitoring Group where his responsibilities focused on the strategic enhancement of the firm’s goal of performing consistently high quality audits through the identification of root causes of quality matters and designing and implementing remediation plans to address those quality matters. George was also a member of the firms International Standards Auditing Panel that promotes effective and consistent application of International Standards on auditing throughout the Global network. Additionally, he was a firm designated Securities and Exchange Commission (SEC) reviewing partner responsible for assisting clients in accounting for complex and unique transactions, preparing and filing registration statements pursuant to the 1933 and 1934 Acts and responding to SEC inquiries.
Additionally, George completed a three-year rotational assignment with the U.S. Capital Markets Group (USCMG) based in Tokyo where he provided services to many significant Asia Pacific based global clients in accessing U.S. capital markets, complying with U.S. generally accepted accounting standards and SEC registration and reporting requirements.
Throughout his esteemed career, George has served numerous clients, including BMW of North America, DRS Technologies, Inc., Scientific Games Corporation, Safeguard Scientifics, Inc., Marchex, Inc., American Seafoods, Lithia Motors, Inc., DaVita, Inc., Sumitomo Corporation, Matsushita Electric Corporation of America, Ricoh Company Ltd., Canon Inc., Honda, Motor Co., Ltd., Hynix Semiconductor, Inc., GS Caltex Corporation, China Shenhua Energy Corporation Ltd., China GrenTech Corporation Ltd., Ansell Limited, Mayne Group Limited and Perusahaan Perseroan (Persero) P.T. Telekomunikasi Indonesia. TBK Through his tenure he assisted clients with securities offerings raising proceeds with an aggregate market value in excess of $15 billion.
George is an accomplished presenter, speaker educator and author. He developed and delivered key strategic initiatives and domestically and internationally, speaks frequently before professional audiences, and co-authored numerous practice aids and publications including the Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) “Enhancing Board Oversight: Avoiding Judgment Traps and Biases” and “Evaluating Professional Judgment in Auditing and Accounting: The KPMG Professional Judgment Framework,” the latter of which earned him and his co-authors the 2013 American Accounting Association/Deloitte Wildman Medal Award. The Wildman award, first presented in 1979, recognizes a work published within the most recent five years that the judges view as “the most significant contribution to the advancement of the practice of public accountancy (including audit, tax and management services).”