Future Forward 2023
As we look forward to the future and close out 2022, I would like to offer my reflections, and look ahead to unleashing the possibilities and opportunities that 2023 could bring.
I understand and have experienced challenges during 2022 that I am sure many of you will have also felt – whether it be the continuing economic consequences of the COVID-19 pandemic, the knock-on effects on the global supply chain, or the implications of ongoing geopolitical tensions.
With necessity being the mother of invention, as often happens in difficult circumstances, our clients, our communities and our CLA teams have done what they do best – innovate and collaborate to meet changing economic conditions. Throughout the year, I have seen demonstrations of adaptability and resilience, a drive to adopt and develop innovative technologies, and increased recognition for the importance of collaborative working. In 2023, it will be critical for us to continue to build on these to achieve our purpose.
As we look ahead, the war for talent and new skills, the application of Digital, increased regulation and legislation, and economic and trade restrictions, will continue to each affect businesses and our communities. Due to the interconnectedness of the global economy, there are few places or industries these developments will reach, and their impact is only likely to increase.
Understanding this, the environment that we are working in is fluid and dynamic. Across all areas of life, it is obvious, we must be curious and collaborative to reach our potential. In 2023, incremental change will not be enough – neither for CLA nor our clients.
At CLA, we are looking to the future with both confidence and excitement, ready to rise to the challenge in 2023 and beyond – ready to support clients in making confident decisions about their own purpose.
Craig Arends is a principal at CLA and is the managing principal of CLA's private equity practice. Craig brings a concentration of experience in providing accounting and transaction structuring advice for leveraged recapitalizations, purchase accounting and SEC reporting, assessing quality of earnings, and GAAP accounting. He has far-reaching experience with critiquing financial models and reviewing target companies' financial performance to identify cost reductions and/or operating efficiencies Craig has more than 30 years of experience in public accounting serving public companies, private equity groups, and companies, including a term as principal in charge of a Big Four Capital Markets Group in Moscow, Russia. He has led financial accounting due diligence projects for private equity investor groups and venture capital funds, primarily in the technology, communications, and manufacturing industries, as well as assisting with Foreign Corrupt Practice Act matters ranging from investigation of payments made, validation of compliance with corporate policies, and review of proposed transactions to ensure compliance. When not working, Craig enjoys watching any sports, but his most favorite are baseball, football and soccer.
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