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Eric Schmid

CPA

Shareholder

Eric joined the firm after spending more than 20 years with a Big Four accounting firm, a decade of which he spent in the role of client service audit partner. He has acquired extensive experience serving a wide array of clients, ranging from closely held companies to SEC-registered multinationals. While most of Eric’s focus has been in the broad sector of manufacturing companies, he has worked with clients in numerous industries including, among others: aerospace and defense, automotive, chemicals, consumer products, electronics, software, and diversified industrials.

During his tenure with his prior firm, Eric completed two separate extended work assignments in Germany, for a combined duration of approximately six years. This European work experience afforded Eric in-depth involvement with multinational clients and also allowed him to acquire a deep understanding International Financial Reporting Standards (IFRS). Eric’s IFRS knowledge has been employed to serve many United States based subsidiaries of foreign companies and he has frequently served as a technical and educational resource for international accounting topics. Eric has a high level of German language proficiency.

Education, Credentials and Special Training

  • Certified Public Accountant
  • Masters of Accountancy, University of South Carolina
  • B.S., Accounting, University of South Carolina

Civic and Community Activities

  • Board Member, United Way Palmetto Society
  • Former Loan Executive, United Way
  • Board Member, German Language & Culture Foundation

Professional Affiliations

  • American Institute of Certified Public Accountants
  • South Carolina Association of Certified Public Accountants

Services

Assurance & Attestation Services

Attestation & Other Engagements

Audits, Reviews, Compilations

Industries

International

Manufacturing & Distribution

Portfolio Company Services

Authored by Eric Schmid

Article

Unlock the Power of Your Data

Jun 21st, 2021

Every manufacturing and distribution business faces its own unique challenges, however, virtually all of them share the reality of ever-rising customer expectations and competitors looking…
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Article

New Lease Accounting: What Manufacturers Need…

Aug 02nd, 2019

by Eric Schmid Alert Update: On July 17, 2019, the Financial Accounting Standards Board (FASB) voted to have an Accounting Standards Update (ASU) drafted that…
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Article

New Revenue Recognition Standard to Go Into…

Nov 16th, 2018

The deadline for private companies to adopt the new revenue recognition standard (ASC 606) is rapidly approaching. Depending on the industry and contract terms, the…
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