SAN RAMON, Calif., Dec. 5, 2013 (GLOBE NEWSWIRE) -- ArmaninoLLP (www.amllp.com), the largest independent accounting and business consulting firm in California and the 29th largest firm in the United States, was selected by LGI Homes to perform multi-year audits for 4 of the 5 entities included in its recent S-1 filing.
LGI Homes, a fast growing homebuilder engaged in the design and construction of entry–level homes in Texas, Arizona, Florida and Georgia, received more than $100 million in gross proceeds from its November 11th public offering following PCAOB audits performed by Armanino and Ernst & Young.
Companies that grow quickly and see advantage in an IPO need regulatory auditing expertise and Armanino's auditors have over a decade of experience auditing public companies under PCAOB standards.
"Armanino is the preferred choice for many fast growing pre-IPO companies because our auditing specialists not only have the experience and expertise needed to navigate the maze of SEC regulations, but also because we provide transparent counsel to our clients," said Matthew Perreault, Partner in Technology & SEC Audit at Armanino. "It's our ability to build relationships based on trust that allow us to continue to be a preferred partner to dynamic companies looking to enter an IPO quickly and at an optimal cost."
When a company chooses Armanino, it recognizes that the regional powerhouse provides a public company audit solution at a competitive cost with high quality service that meets the stringent requirements of the PCAOB. While many pre-IPO companies recognize that Armanino can work as a long range solution, others have evolved their relationship beyond the audit practice and tap into Armanino's myriad of consulting services such as IPO readiness, ERP system selection, design and implementation, budgeting planning forecasting software, business intelligence and tax planning.
Armanino provides a broad range of attestation services, for public and private companies including Financial Statement and Internal Controls ("SOX") audits, SOC audits, Reviews and Compilation.
"Our range of services and the versatility of our capabilities are what give us a competitive advantage," said Perreault. "The entrepreneurial philosophy that Armanino fosters allows us to be nimble and move quickly and to relate to growth oriented pre-IPO clients, like LGI Homes."
About ArmaninoLLP
Armanino LLP (www.amllp.com) is the largest independent accounting and business consulting firm in California and the 29th largest firm in the United States. Armanino provides an integrated set of audit, tax, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business from start-up through rapid growth to the sale of a company. Armanino emphasizes smart technology; leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino extends its global services to more than 100 countries through its membership in Moore Stephens International Limited – one of the world's major accounting and consulting membership organizations. In addition to its core consulting and accounting practices, Armanino operates two other divisions – AMF Media Group (www.amfmediagroup.com) and Financial Horizons (www.financialhorizons.com).