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Dave Van Damme

Dave Van Damme

Shareholder

Leading the firm's advisory & assurance group, Dave supports closely held businesses with audits, financial reporting and fraud analysis.

What is your area of focus?

I work within the advisory & assurance practice, primarily with privately-owned domestic companies or subsidiaries of larger foreign-owned and operated companies throughout Europe and Asia. Working closely with owners, chief financial officers, and plant managers gives me a deep understanding of clients’ business goals so that our firm can provide the right mix of technological and consulting support. I am focused on the fundamental practices and internal controls required to mitigate risk and, as a certified fraud examiner, help clients become better educated on the best practices to help prevent fraud.

How long have you been at Clayton & McKervey?

Since 2008

What is the favorite part about your job?

I appreciate the access to the best resources in the industry – the shareholders, managers, seniors and staff that contribute to continuous improvement and development.

Specializations

  • Audits of closely-held companies
  • Internal control analysis
  • Fraud/data extraction analysis
  • Accounting for construction/contractor inventory
  • Financial statement and agreed upon procedures reporting
  • Financial reporting automation
  • Employee benefit plan audits

Education

  • Bachelor of Science in Accounting, Oakland University

Connections

  • Turn Around Management Association
  • Risk Management Association
  • Michigan Association of Certified Public Accountants

Dave 360°

What is your favorite movie line?
Ricky: Why do you want to listen to the TV with the stereo on? Cal: Because I like to party.

If you could learn anything, what would it be?
Sports. Followed by how to speak Spanish & fly a plane

If you had to choose a different job, what would it be?
Fighter jet pilot

Articles by Dave Van Damme

Financial Analysis Video: Days Cash On Hand

In light of COVID-19, business owners, CFOs and operations managers are spending a lot of time thinking about cash flow. Now, more than ever, cash is king and understanding how to plan over the next few months and beyond is vital. Watch the video to learn more.

by Dave Van Damme

Business Survival: Protecting Cash

As the world faces, and attempts to absorb, the realities presented by the Covid-19 health crisis, businesses and in particular small businesses, need to be focused on survival.

by Dave Van Damme

CARES Act Special Rules for Use of Retirement Funds

The CARES Act includes a number of provisions to allow access to retirement funds in employer-sponsored retirement plans.

by Dave Van Damme

Effective System of Quality Control Documents

Every firm with an audit and assurance practice required to comply with the Statement on Quality Control Standard No. 8 (SQCS No. 8) must have a written Quality Control Document.

by Dave Van Damme

Financial Analysis Video: Gross Profit & Gross Margin

This video discusses the importance of using gross profit and gross margin to determine your company's performance, analyze year-over-year changes, and understand how additional sales can impact gross margin.

by Dave Van Damme

Financial Analysis Video: Utilization

Senior Manager Dave Van Damme shares insights on a handful of key performance metrics to help business owners track financial performance.

by Dave Van Damme

Financial Analysis Video: Revenue By Employee

Senior Manager Dave Van Damme shares insights on a handful of key metrics to help business owners track financial performance. Here, he discusses revenue per employee so that business owners can better understand the relationship between revenues and costs.

by Dave Van Damme

Tips for a Smooth Audit

Whether preparing for a first-year audit or looking to simplify the existing audit process, there are proactive steps a company can take to have a smooth and relatively painless corporate financial statement audit.

by Dave Van Damme

Revenue Recognition Changes for Professional Service Companies

While many professional service companies have completed their analyses and made updates to track data in accordance with the new standard, some are still in the process and playing catch-up. For those that still need to implement the standard, consider these key areas that are likely to impact professional service companies.

by Dave Van Damme

Do You have to Adopt the FASB Revenue and Lease Standards?

Do you provide monthly or quarterly financial statements to your bank or other stakeholders? Are those financial statements required to be prepared using US GAAP standards?

by Dave Van Damme

Vigilance Helps Defend Cyber Attacks

by Dave Van Damme

Revenue Recognition Changes are Here

The complexity of the new standard can make implementation time consuming, and the time remaining for that implementation is short.

by Dave Van Damme

The Sound of Automation Podcast

Industrial automation businesses are the driving force behind Industry 4.0, and Clayton & McKervey is here to help.

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