Stephen H. Heilman, CPA

Partner

Steve is a partner with Malin Bergquist, a Pittsburgh “Top 15” public accounting firm, with offices also in Greensburg and Erie, PA. With 25 years of experience as a CPA, Steve is responsible for the overall audit and accounting services provided by the Pittsburgh office, managing a broad range of audit, review, consulting and non-traditional engagements. Among his specialties are audits of foreign-owned U.S. manufacturing, distribution and service businesses, as well as U.S.-based non-profit organizations.

Steve assists clients to understand and implement new accounting pronouncements, as well as guide them through complex transactions such as mergers, spin-offs, joint ventures, bond financing, consolidations and international operations. Many foreign-owned clients require special reporting under International Financial Reporting Standards or other generally accepted accounting principles consistent with the parent company’s reporting standards. He draws on his ample experience to provide effective management recommendations and solutions.

With Steve’s expertise, clients have established subsidiaries in Canada, Mexico, Chile and other countries. He also has performed due diligence for major acquisitions to support clients’ expansion objectives, and consulted on restructuring plans for optimal tax and financial reporting.

Since 1992, Steve has advised foreign-owned clients in reporting in conformity with the accounting principles of the parent’s home nation. In 2004, he helped a U.S. subsidiary of a German-owned manufacturer convert to IFRS, including travel to Europe to consult with the parent’s executive team on complex issues. Today he counsels clients contemplating a switch to full IFRS or IFRS for small and medium size entities (SMEs).

Steve has co-authored IFRS articles in the Journal of Accountancy and Erie’s Business Magazine and has made presentations on IFRS and IFRS for SMEs to professional service firms and universities.

The nonprofit organizations span a wide spectrum of entities and activities including schools, foundations, health and human service providers, churches, social and professional associations.  Steve is experienced with auditing in accordance with Government Auditing Standards and OMB Circular A-133 as well as complying with the myriad of reporting requirements imposed by many state and local governmental agencies.  When contemplating changes to their operations, clients will often request Steve’s perspective on the impact to the reporting and compliance requirements.

A graduate of the University of Pittsburgh, Steve holds a bachelor of science degree in civil engineering technology and a certificate of accounting. He is a past recipient of the Pennsylvania Institute of Certified Public Accountants’ merit award for outstanding achievement on the CPA exam. His engineering background complements his work with the firm’s manufacturing and distribution clients.

Steve is a member of the American and Pennsylvania Institutes of Certified Public Accountants.  He is a member of the audit and finance committee and the board of directors of Three Rivers Rowing Association. He is also a member of The Pittsburgh Foundation Professional Advisors Committee.