Dave Van Damme

Dave Van Damme

Shareholder

Dave leads the advisory & assurance practice and is well known inside and outside the firm for being both engaged & positive.

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

Client Accounting Services, COVID-19, Industrial Automation Companies, International Businesses, Manufacturers & Distributors

CARES Act Special Rules for Use of Retirement Funds

Posted on March 30, 2020 by

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

Tax & Assurance Guidance

Effective System of Quality Control Documents

Posted on March 15, 2020 by

Dave Van Damme
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.

Digital Advisory Services

Financial Analysis Video: Gross Profit & Gross Margin

Posted on March 10, 2020 by

Dave Van Damme
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.

Digital Advisory Services

Financial Analysis Video: Utilization

Posted on March 3, 2020 by

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

Digital Advisory Services

Financial Analysis Video: Revenue By Employee

Posted on January 23, 2020 by

Dave Van Damme
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.

General, Manufacturers & Distributors, Tax & Assurance Guidance

Tips for a Smooth Audit

Posted on December 19, 2019 by

Dave Van Damme
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.

Architecture & Engineering Firms, General, Tax & Assurance Guidance

Revenue Recognition Changes for Professional Service Companies

Posted on October 11, 2019 by

Dave Van Damme
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.

Architecture & Engineering Firms, General, Industrial Automation Companies, Manufacturers & Distributors, Tax & Assurance Guidance

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

Posted on June 11, 2019 by

Dave Van Damme
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?

Digital Advisory Services

Vigilance Helps Defend Cyber Attacks

Posted on February 5, 2019 by

Dave Van Damme

Client Accounting Services

Revenue Recognition Changes are Here

Posted on November 26, 2018 by

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

Client Accounting Services

Revenue Recognition: Five-Step Implementation

Posted on March 5, 2018 by

Dave Van Damme
When recognizing revenue over time, the objective is to do so in a pattern commensurate with the transfer of control to the customer.

Tax & Assurance Guidance

Employee Benefit Plan Implications of the Tax Cuts and Jobs Act

Posted on February 28, 2018 by

Dave Van Damme

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