Member News

PCAOB Registration for Mercer & Hole

Mercer & Hole is delighted to announce that the firm has been registered under the US’s Public Company Accounting Oversight Board (PCAOB).

As a result of this registration, Mercer & Hole can now act for UK subsidiaries of listed US companies, even when the UK company is a ‘substantial’ part of the group.

The PCAOB is a US private sector, non-profit organisation, created to oversee the auditors of public companies in the US.  Its role is to ensure that all US public company audits are undertaken with high standards of quality, independence and ethics.  To ensure this, the PCAOB requires all firms involved in such audits to register with them.

Read more: Mercer Hole PCAOB Registration

Istanbul, once known as the capital of capital cities, is the only city in the world to straddle two continents and the only one to have been a capital during two consecutive empires - Christian and Islamic. Once capital of the Ottoman Empire, Istanbul still remains the commercial, historical and cultural pulse of Turkey.

Not surprisingly, UBD, like Istanbul, is well connected to every part of Turkey with operations in five locations.  The firm was established with the participation of 14 under oath consultants (CPAs).  Each possesses a professional experience of 15-20 years and a vast knowledge and expertise in different industries.  UBD is a registered PCAOB firm.

UBD is an independent auditing firm, appointed as an Under Oath Consultancy firm by the Republic of Turkey Ministry of Finance. UBD’s mission is to provide guidance to investors who are launching new operations and/or changing strategies, rather than providing consulting services to industry and service sector firms for their existing financing strategies.

UBD has completed the training period required for the Independent Auditing of Insurance and Reinsurance Firms, presented by the Turkish Treasury and they have been appointed as an audit firm by the Capital Market Board of Turkey and the Board of Banking Regulation and Supervision of Turkey. Additionally, UBD has been appointed as an audit firm by the Board of Energy Market Regulatory Authority.

Mercer & Hole are delighted to announce that, from 1 October 2002, Gary Farnes will become a partner in Mercer & Hole. Gary joined the firm in April 2001 from the Owner Managed Business department of KPMG. He manages a busy portfolio of clients including owner managed businesses and UK subsidiaries providing audit, accountancy and business advisory services. Gary also has experience working for partnerships and has built up specialist knowledge in Solicitors’ Accounts Rules. The provision of services to solicitor’s firms is an important area for Mercer & Hole and Gary heads up the unit acting for solicitors across the firm.