David Ellerbeck

Partner, audit practice

David is a Partner in the KPMG LLP audit practice and has been in public accounting for 22 years. He has worked extensively with major domestic and international corporations including regulated gas and electric utilities, distribution and telecommunications companies.

David has served in an audit role on utility, telecommunications and pharmaceutical companies. David also has extensive experience with taking companies public and has assisted utilities and major corporations with accounting advice and due diligence for potential mergers and acquisitions including the impact of the United Kingdom’s professional standards and the International Accounting Standards.

David has assisted in the merger of domestic utility companies including resolving purchase accounting issues, filing of SEC registration documents, and reviewing pro forma financial statements. He has also assisted large domestic utilities with complex restructuring transactions including the discontinuation of regulatory accounting principles as a result of deregulation in various states. David helped a major telecommunications company navigate an acquisition and merger of numerous companies including advice on accounting related questions raised by the SEC as part of the comment letter process. In addition, he assisted in both primary and secondary offerings in raising funds in the U.S. capital markets. He also assisted a major company through a corporate restructuring and subsequent initial public offering. David’s recent experience includes being an integral part of the KPMG LLP audit team that completed the restatement audits of a major US telecommunications company that emerged from the largest bankruptcy in US history.

During his tenure prior to coming to the United States, Dave assisted with the commercialization of the South African Telecommunications and Postal Department where he played a key role in assisting the Department in setting up internal controls and processes over financial reporting. Dave also worked on various U.S. multi-national companies.