What's Happening?
Carr, Riggs & Ingram (CRI) has announced the launch of a new capital markets practice aimed at assisting small-cap and middle-market companies with IPO readiness, SEC reporting, and PCAOB-compliant audits. The practice, led by Brent Leslie, will also
provide private equity accounting and advisory services. The initiative is based in New York City and Palm Beach Gardens, Florida, and includes partners Michael Corkery, Elizabeth Marks, and Joshua Hallett, with Jim Duffy overseeing business development.
Why It's Important?
The establishment of this practice reflects the growing demand for specialized financial services as more companies seek to go public or require compliance with complex regulatory standards. This move positions CRI to capture a share of the expanding market for capital markets services, particularly as economic conditions encourage more businesses to explore public offerings. It also highlights the increasing importance of compliance and advisory services in the financial sector.
What's Next?
As CRI's capital markets practice gains traction, it may lead to increased competition among accounting firms for similar services. The practice's success could encourage other firms to expand their offerings in this area, potentially leading to innovations in how financial advisory and compliance services are delivered. Companies considering IPOs or needing regulatory compliance will likely benefit from the enhanced service options.
