RSM US

The firm was founded in 1926 by Ira B. McGladrey (1883-1952) in Cedar Rapids, Iowa. McGladrey became a prominent figure in public accounting in Iowa, serving as President of the Iowa Society of Certified Public Accountants, chairman of the Iowa Board of Accountancy, as well as a member of the Rules Committee of the American Institute of Certified Public Accountants, the premier governing body for the field of accounting in the United States. The firm continued to operate under some variant of the McGladrey name for nearly nine decades, until 2015 when the firm was rebranded as RSM US LLP. tower of the CME Center. Legal structure Beginning in 1999, through a partnership with H&R Block, McGladrey operated under two separate legal entities: McGladrey & Pullen, LLP; and RSM McGladrey, Inc. McGladrey & Pullen operated under the traditional partnership structure and offered audit and attestation services. RSM McGladrey was established under the partnership agreement with H&R Block to provide tax and advisory services under an alternative practice structure. In August 2011, H&R Block announced the conclusion of the partnership, divesting RSM McGladrey to McGladrey & Pullen and reuniting the firms in their traditional partnership structure. McGladrey & Pullen acquired all employees, assets, and infrastructure from RSM McGladrey. The deal closed on December 1, 2011. On May 1, 2012, McGladrey & Pullen officially changed its name to McGladrey LLP. In July 2012, McGladrey shifted its headquarters from Bloomington, Minnesota to Chicago. On October 26, 2015, McGladrey LLP changed its name to RSM US LLP as part of a worldwide rebranding of RSM International members to bring them in line with the rest of the global network. ==Controversies==

In 2006, RSM settled a business fraud class action lawsuit against them for $41.5M. In 2019, RSM was charged with violating auditor independence rules by the SEC. The charges were in connection with more than 100 audit reports involving at least 15 audit clients. RSM agreed to be censured and was fined $950,000. In June 2020, RSM settled a professional negligence claim brought by Physicians United Plan for $17 million. In 2022, the SEC charged RSM, two partners and a senior manager with improper conduct charges. RSM agreed to pay $3.75M to resolve the charges. The senior manager was fired over this issue, however both partners remain with RSM. In the 2024 Public Company Accounting Oversight Board (PCAOB) Inspection Report, the PCAOB gave RSM an audit deficiency rate of 47%. This is an improvement from a low in 2018 when 73% of audits conducted by RSM were deemed to be deficient by the regulators. In 2024, a former employee sued RSM for racial and gender discrimination, maintaining a culture of sexual harassment (specifically naming RSM partners Martin Glenn, Dave Noonan, and Sergio de la Fe), and violation of her human rights under New York law. This case was settled for an undisclosed amount. ==Service lines==

Audit and financial reporting services Source: • Global audit • Public company Audit • Private company audit • Employee plan benefit audit Tax advisory services Source: • Federal tax • Indirect tax • State and local tax • International tax planning strategies • Credits and incentives • Tax function optimization Consulting services Source: • Strategy and management consulting • Information technology consulting • Financial advisory • Valuation services • Litigation and dispute advisory • Financial investigations • Restructuring and bankruptcy • Risk advisory • M&A transaction advisory services • Technical accounting ==Awards and recognition==

2022 - 2023 Source: • Accounting Today ranked RSM the fifth largest accounting, tax and consulting services firm in the U.S. for the 16th consecutive year • Great Place to Work® named RSM one of the 2022 Best Workplaces in Consulting & Professional Services™ • Great Place to Work® and Fortune named RSM one of the 2023 100 Best Companies to Work For® • RSM received Handshake's Early Talent Award for the third consecutive year • RSM recognized on the list of America's Best Large Employers, ranking no. 1 in Professional Services by Forbes • RSM recognized on Human Rights Campaign's 2021 Corporate Equality Index • RSM was named as a Certified Age-Friendly Employer by Age-Friendly Institute • Accounting Today recognized RSM as one of its Best Firms for Technology ==Sponsorships==

RSM US LLP is the title sponsor of the RSM Classic, a PGA Tour event that takes place in Sea Island, Georgia in November of each year. The firm also sponsors professional golfers, such as PGA Tour professionals Zach Johnson and Davis Love III, as well as LPGA professional golfers Maria Fassi and Megan Khang. ==References==