NEW YORK, Sept. 11, 2020 /PRNewswire-PRWeb/ -- The CFO Squad, (http://www.cfosquad.com), a premier provider of outsourced CFO and financial reporting services to both private and public companies, has announced the opening of its fourth full-service accounting office in Davao City, Philippines. The opening of this new office was in response to the increased demand and service requirements from its expanding domestic and global client base.
"Our newest office in the Philippines represents our fourth full service accounting office, and compliments our continued expansion in terms of both office space, and recruiting additional talent, over the last few years on the East Coast," said Joseph Himy, Founder and Managing Director of CFO Squad. "This new office will enable our team of experts to better serve clients that are headquartered on the West Coast, many of whom have operations across Asia."
Among today's uncertain and volatile economic conditions, more companies are looking for seasoned financial professional guidance to better achieve business growth, while mitigating risk. This has led to an increased demand for CFO Squad's services, including organizations with global operations looking to outsource many of their back-office functions, or raise capital to support their liquidity and growth objectives.
There has also been a strong demand for IPO readiness and Audit Preparation services in 2020. Specifically, the "blank check" acquisition funds known as special purpose acquisition companies, or SPACs, have raised more than an estimated $30 billion so far this year, versus $13 billion in all of last year. "We can assist the SPAC with its IPO process, and help it stay current with its SEC filings and also allow the acquired company to focus on its core business operations," said Yoni Novak, Senior Manager and Director of CFO Squad's Long Island Office.
The CFO Squad will offer its full suite of corporate finance and accounting services from its new office in the Philippines. This includes outsourced bookkeeping and technical accounting services, mergers and acquisitions, CFO consulting services, IPO readiness, audit preparation, tax and compliance, as well as SEC and financial reporting services.
For more information on The CFO Squad and its suite of financial consulting and outsourced CFO services, please visit: cfosquad.com.
SOURCE The CFO Squad
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