Frazier & Deeter, a nationally ranked public accounting and advisory firm, announced that Mike Cheng has joined the firm as the National Professional Practice Partner in the Accounting & Audit Practice.

“Recent changes to accounting standards such as revenue recognition and lease accounting have driven a surge in demand for technical accounting advice,” noted Seth McDaniel, Managing Partner of Frazier & Deeter. “Frazier & Deeter is delighted to bring in a leader with Mike’s depth of expertise to meet the growing need for accounting advisory services.”

“I’m excited to join Frazier & Deeter’s Accounting Advisory Practice,” stated Cheng. “Frazier & Deeter is a well-respected firm with a strong team, and I am ready to help the firm’s clients understand and address evolving accounting standards.”

Cheng comes to Frazier & Deeter from the Financial Accounting Standards Board (FASB), where he served as the Private Company Council (PCC) Coordinator. In that role he was responsible for all PCC related matters. Cheng was also the staff lead on FASB projects to: simplify the accounting for nonemployee share-based payments, help shape the future of the FASB technical agenda and improve consolidations guidance (VIE guidance). Most recently, Cheng worked on the FASB’s implementation team on revenue recognition (ASC Topic 606) and lease accounting (ASC Topic 842).

Prior to joining the FASB, Cheng held various management positions with PricewaterhouseCoopers (PwC), where he was a member of the audit practice from 2003 - 2012. Cheng earned his Bachelor of Science degree in Accounting with a concentration in Finance from Binghamton University in Binghamton, New York.

“Frazier & Deeter’s clients will benefit from the expansion of our accounting advisory leadership resources,” noted Jeremy Jones, leader of Frazier & Deeter’s Audit practice. “Mike’s experience at the Financial Accounting Standards Board makes him uniquely valuable in helping our clients understand and appropriately adapt to regulatory changes.”

Frazier & Deeter offers a suite of services that includes audit, business and personal tax advisory, transaction advisory, governance/compliance, cybersecurity, IT audit, fund administration, technical accounting advisory and other advisory services. The firm’s clients include public and private companies across all industries, as well as high net worth individuals, trusts and investment funds.