Jeffrey T. Deane, CPA
Chief Executive Officer
Deutsche
Jeffrey T. Deane is CEO of Malin Bergquist, a Pittsburgh “Top
15” certified public accounting firm, with large offices
also in Erie and Greensburg, PA. He heads the firm's International Businesses Group. Jeff and his group serve some 40 companies with international operations.
With Jeff’s active support, the firm
sponsors the German-American Business Circle to create an
economic development infrastructure to attract and retain
German companies in Pittsburgh. He also serves on the board of directors of the British American Business Council/Pittsburgh Region. He and the firm also
assist the region’s
governmental officials in courting foreign-owned companies
to Western Pennsylvania.
Jeff’s niche is serving foreign-owned
companies doing business in the United States. Under
his leadership, the firm serves companies headquartered,
or launching business, in Europe, Asia and South America.
What sets the international practice apart is its significant
partner involvement, continuity of staff and a one-stop
approach for tax filings and financial reporting, regardless
of the number of countries involved.
Jeff is a nationally recognized expert and pioneer in the convergence of GAAP with international financial reporting standards (IFRS). In 2004, he helped the Pittsburgh-based subsidiary of a German-owned manufacturer convert to IFRS, including traveling to Germany to brief the key finance team about the more complex issues. Today he continues to counsel clients in this critical issue. He has authored IFRS articles in the Journal of Accountancy, Pittsburgh Post-Gazette and Erie's Business Magazine, has been quoted in IFRS stories in IFRS.com and the Pittsburgh Business Times, and has made IFRS presentations to a number of professional service firms and universities.
Included in Jeff’s expertise are consolidations,
inventory systems and developing/monitoring financial and
non-financial benchmarks.
Jeff’s inbound clients are
companies that are based in Germany, India, Switzerland,
Spain and the Netherlands, and have acquired, developed
or opened subsidiaries in Western Pennsylvania. This involves
an extensive understanding of financial reporting and generally
accepted accounting principles in each country.
He also helps outbound U.S. clients
seeking a “soft
landing” in countries such as China, Brazil, Mexico
and Canada. Through the firm’s membership in Horwath
International, he has access to 10,000 professionals on six
continents who can provide his clients with management advice,
tax, and audit and accounting, as well as understanding of
local customs, cultures and business practices.
Among Jeff’s clients is a safety
products manufacturer headquartered in Germany. As the
client has expanded, he has helped it establish subsidiaries
in Mexico and the U.S., and to restructure Canadian operations.
In one acquisition, the due diligence work he performed
resulted in a lower purchase price than the client otherwise
would have paid. For the seller of a pump manufacturer, Jeff provided expert
advice in a dispute over the purchase price adjustment based
on net working capital that saved the client millions of
dollars when the matter was settled in arbitration.
Jeff is a member of the American and Pennsylvania Institutes
of Certified Public Accountants. He serves on the board of
his church, and is a member of the Pittsburgh Airport Area
Chamber of Commerce. He is a 1987 graduate of Robert Morris
College, with a bachelor of science degree in accounting.
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