Stout launches technical accounting consulting practice

05 February 2020 2 min. read
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Global advisory firm Stout has announced the launch of a technical accounting consulting practice. Steve Hills will join the firm to act as both managing director and leader of the new practice.

"Technical accounting is foundational to all forms of financial reporting valuation, and I believe that providing this joint expertise to our clients will be a differentiator for Stout," Hills said. "Stout's clients have consistently asked for this service and I am excited to partner with our industry-leading valuation professionals in delivering it."

Stout’s technical accounting consulting practice will assist businesses and other clients in matters such as the accounting implications of complex contracts; memoranda and policies; journal entries; filing requirements; financial statement disclosures; and audit support. It will also offer services involving business combinations, complex securities, consolidators, revenue recognition, and lease accounting.

Stout launches technical accounting consulting practice

Hills joins Stout from Riveron Consulting, where he served as a managing director and leader of the firm’s Denver office. Before that, he worked as a senior manager in Big Four firm EY’s financial accounting advisory services practice. He also spent two years as CFO and treasurer at Keating Capital, a publicly traded venture capital fund. Hills began his career as a manager of transaction services at PwC. He holds a bachelor’s degree in accounting from Villanova University.

In addition to leadership and accounting experience, Hills also brings with him a wealth of technical accounting expertise, which will enable him to easily transition into his new role at Stout. He has experience in areas including business combinations, consolidations, revenue recognition, and lease accounting. He is also well-versed in preparation and review of SEC filings such as annual and interim reporting.

Stout is based in Denver, Colorado. The firm specializes in investment banking; transaction advisory; valuation advisory; disputes, compliance, and investigations; and management consulting.