RSM US
| Company type | Limited Liability Partnership |
|---|---|
| Industry | Accounting, Consulting, Tax Services |
| Founded | 1926 |
| Founder | Ira B. McGladrey |
| Headquarters | Chicago , United States |
Area served | United States, Canada, India, El Salvador |
| Products | Audit, Tax, Consulting Services |
Number of employees | 16000+ |
| Parent | RSM International |
| Website | rsmus |
RSM US LLP is a firm specializing in audit, tax, and consulting services tailored to the middle market within the United States and Canada. It operates as a member of the global accounting alliance RSM International. Recognized as the 7th largest accounting firm in the U.S., RSM US boasts a workforce exceeding 16,000 professionals across 81 offices throughout North America, with additional locations in India and El Salvador.
As the American affiliate of RSM International, which ranks as the sixth largest global accounting network with revenues of $8 billion and a team of 51,000 professionals spanning more than 120 countries, RSM US benefits from a broad international infrastructure.
History
The firm traces its origins back to 1926 when Ira B. McGladrey (1883–1952) established it in Cedar Rapids, Iowa. Under his guidance, the company expanded significantly. McGladrey himself held prominent positions such as President of the Iowa Society of Certified Public Accountants and chairman of the Iowa Board of Accountancy. The organization maintained variations of the McGladrey name until 2015.
Legal structure
Beginning in 1999, McGladrey functioned through two separate entities in collaboration with H&R Block:
- McGladrey & Pullen, LLP – a conventional partnership focused on audit and attestation engagements
- RSM McGladrey, Inc. – delivering tax and advisory services under an alternative practice model
The partnership with H&R Block concluded in August 2011 when H&R Block divested RSM McGladrey to McGladrey & Pullen. This consolidation reunited the firms under a traditional partnership framework; McGladrey & Pullen assumed all personnel and assets from RSM McGladrey. The deal was finalized on December 1, 2011.
On May 1, 2012, the firm rebranded as McGladrey LLP and shifted its headquarters from Bloomington, Minnesota to Chicago by July of that year.
Subsequently, on October 26, 2015, McGladrey LLP transitioned to the name RSM US LLP to align with a worldwide rebranding effort initiated by RSM International members.
Controversies
In 2006, RSM resolved a business fraud class action lawsuit by agreeing to a settlement amounting to $41.5 million.
The SEC brought charges against RSM in 2019 for breaches of auditor independence regulations concerning over 100 audit reports linked to at least 15 clients. As a result, RSM received a censure and incurred a penalty of $950,000.
Further SEC allegations arose in 2022 against RSM and three senior executives for improper conduct; RSM settled these claims by paying $3.75 million. The implicated partners continue their tenure at the firm.
According to the PCAOB Inspection Report released in 2024, RSM's audit deficiency rate improved to 47%, down from 73% reported in 2018.
Also in 2024, a former employee filed a lawsuit against RSM alleging racial and gender discrimination. The complaint includes accusations of a workplace environment tolerant of sexual harassment involving partners Martin Glenn, Dave Noonan, and Sergio de la Fe, alongside alleged violations of New York human rights statutes.
Audit & Financial Reporting Services
- Global Audit
- Public Company Audit
- Private Company Audit
- Employee Plan Benefit Audit
Tax Advisory Services
- Federal Tax
- Indirect Tax
- State & Local Tax
- International Tax Planning Strategies
- Credits and Incentives
- Tax Function Optimization
Consulting Services
- Strategy & Management Consulting
- Technology Consulting
- Financial Advisory
- Valuation Services
- Litigation & Dispute Advisory
- Financial Investigations
- Restructuring & Bankruptcy
- Risk Advisory
- M&A Transaction Advisory Services
- Technical Accounting
2022 - 2023
- For the sixteenth year running, Accounting Today placed RSM as the fifth largest firm in accounting, tax, and consulting within the United States
- RSM was honored by Great Place to Work® as one of the 2022 Best Workplaces in Consulting & Professional Services™
- Included in the 2023 list of 100 Best Companies to Work For® by both Great Place to Work® and Fortune
- Received Handshake's Early Talent Award for a third consecutive year
- Forbes ranked RSM as the top Professional Services company on America's Best Large Employers list
- Featured on the Human Rights Campaign's 2021 Corporate Equality Index
- Recognized as a Certified Age-Friendly Employer by the Age-Friendly Institute
- Selected among Accounting Today's Best Firms for Technology in 2023
Sponsorships
RSM US LLP serves as the title sponsor for The RSM Classic, a PGA Tour competition held annually each November at Sea Island, Georgia. Additionally, the company supports PGA Tour players Zach Johnson and Davis Love III, along with LPGA golfers Maria Fassi and Megan Khang.