We are a Firm of Certified Public Accountants in compliance with the requirements of the American Institute of Certified Public Accountants, the Puerto Rico State Accounting Board and the Puerto Rico State Society of Certified Public Accountants.
We have evolved from a firm of Certified Public Accountants providing the traditional services of auditing and taxes to a full services firm providing a wide range of alternatives.
ZM is a people oriented Firm focusing on two kinds of people; our clients and our team members. We are continuously serving the needs of our clients and the challenges the people in our team face every day to satisfy those needs.
Our people are motivated in many ways to provide quality services. They could act individually and as a group in many roles, including experienced auditors, accountants, taxes specialists, consultants, valuation analysts, fraud examiners, expert witnesses, businesses managers, support personnel, and many others. ZM combines all their talents and experiences with creativity to satisfy the needs of our clients in compliance with the applicable professional standards, laws and regulations. Our team is constantly looking for new roles and opportunities to serve our clients.
In identifying what is our distinctive touch we have no doubt. It is certainly the direct involvement and hands-on participation of our partners and most experienced members of our team in every assignment. This formula has proven to be effective and good for our clients and motivational and enriched for our people.
Learning is a constant process we are proud to share with our clients and our team members. We do that in many ways including on-the job and formal training.
About our partners:
Eduardo A. Zayas Rivera, Esq., C.P.A., C.V.A., C.F.E., Arbitrator , obtained a Bachelor degree in Business Administration from the University of Puerto Rico with a Major in Accounting on May 1968. He obtained a Juris Doctor from the same University on May 1978. Mr. Zayas is a Certified Arbitrator by the Bureau of Alternate Dispute Resolution Methods of the General Court of Justice of Puerto Rico . Prior to his start with the firm in 1980, he was associated with Peat, Marwick & Mitchell, currently KPMG, an international firm of certified public accountants for twelve (12) years, during which he gained extensive business, accounting and tax experience. He held the position of Manager in the tax department of that firm. During his professional career, he has been directly responsible for the planning of transactions in order to minimize their tax implications, including Puerto Rico and U.S. Federal Income Taxes, excise taxes, property taxes, franchise taxes, estate and other. His primary involvement have been with clients in industries like: real estate developers, manufacturing, pharmaceuticals, textile mills, food and like, wholesale trade, leasing, retailing, cooperatives, chemical products, building materials, hotels, entertainment, non-profit organizations, construction, auto dealers, printing and publishing, among others.
Mr. Zayas is Partner in Charge of the tax practice of Zayas, Morazzani & Co. and he is also extensively involved in litigation support engagements. Mr. Zayas has been approved by the U.S. Department of Justice, Office for the U.S. Trustee to serve as Chapter 11 Trustee. Mr. Zayas is a Certified Fraud Examiner and a Certified Valuation Analyst, a Certified Arbitrator and has been appointed in different occasions as Special Master to both; Puerto Rico Courts and U.S. Federal Court for the District of Puerto Rico. Mr. Zayas was a member of the Board of Accountancy of Puerto Rico and was president of the same for one year during his tenure. Also he was the president of the Ethics Committee of the Puerto Rico Society of Certified Public Accountants.
Pedro Morazzani Ferrer, C.P.A., C.V.A., C.F.E., Arbitrator , obtained a Bachelor degree in business administration from the University of Puerto Rico in 1973. He became a Certified Public Accountant in 1975. Before joining our Firm in 1983, Mr. Morazzani was a member of Peat, Marwick & Mitchell, currently KPMG, an international firm of certified public accountants for almost ten years. During this period he gained an extensive accounting, auditing and business experience. He held the position of Senior Manager in the Audit Department. Mr. Morazzani was and is involved in the audits and other related services rendered to commercial entities and other enterprises involved in various specialized industries such as commercial banking, government entities, educational institutions, credit unions, construction contractors and developers, and other segments of the economy. Mr. Morazzani is very active in providing litigation support services, as a consultant and as an expert. He has been appointed by the P.R. Courts as Commissioner or Business Valuator. The main cases where Mr. Morazzani has participated are in the areas of divorce (alimony and division of community property), construction contracts, liquidation of estate assets, cancellation of contracts, partnership's dissolution, fraud, estimates of damages, etc.
Mr. Morazzani is also a Certified Fraud Examiner (CFE) and a Certified Valuation Analyst (CVA). In addition, he was acreditad as Arbitrator under the “Negociado de Métodos Alternos para la Solución de Conflictos, Tribunal General de Justicia, adscrito al Tribunal Supremo de Puerto Rico”. He is a member of the Puerto Rico Society of Certified Public Accountants, the American Institute of Certified Public Accountants, the Association of Certified Fraud Examiners, the National Association of Certified Valuation Analysts, (current President of the P.R. Chapter), the Association of Governmental Accountants and of other professional organizations. He has given speeches and seminars on various subjects to various professional groups. Mr. Morazzani has been an active member of the Peer Review Committee of the Puerto Rico Society of Certified Public Accountants and a strong supporter of the Peer Review Program. He has been Vice President and President of the Committee.
Luis A. Martinez Renta, C.P.A., C.F.E., graduated with honors from the University of Puerto Rico with a Bachelor's degree in Business Administration in 1981. Before joining the Firm in 1984, Mr. Martínez was associated with Peat, Marwick & Mitchell, currently KPMG, an international firm of certified public accountants. Mr. Martínez has experience in various industries such as merchandising, manufacturing, government, automobile dealers, savings and loans associations, credit unions, construction, non profit organizations, including colleges and universities, consulting, operating and monitoring of businesses, litigation support and peer reviews, among others. He has also extensive experience in other non-traditional engagements. Mr. Martínez is a member of the Puerto Rico Society of Certified Public Accountants. He has participated in several special committees of the referred Society, including more than eight years in the Peer Review Committee. He was President of the Peer Review Committee during the year 2002-2003. During the past three years he has been a member of the Liaison Committee integrating the Puerto Rico Society of Certified Public Accountants with The local Credit Unions and the Regulator (COSSEC). He is also a member of the Puerto Rico Chamber of Commerce, the Association of Government Accountants and the Association of Certified Fraud Examiners. In 1996 he obtained a Certificate of Education Achievement in Business Valuation awarded by the American Institute of Certified Public Accountants. He has been instructor in various seminars to professional and other groups.
Our Membership in Prestigious Organizations
The Uniform CPA Examination is the examination that individuals must pass to qualify for licensure as Certified Public Accountants in any of the 55 U.S. jurisdictions (the 50 states, the District of Columbia , Puerto Rico , U.S. Virgin Islands, Guam, and the Commonwealth of Northern Mariana Islands ).
Passing the Examination is not, in itself, sufficient to meet the needs of the clients of a Firm of Certified Public Accountants.
The Firm must be challenged itself with additional requirements. Some of the finest requirements of our profession are established by the prestigious organizations of which we are proud members.
We maintain excellent working relationships with the local office of an international firm of Certified Public Accounts and with a U.S. based Firm engaged in the audit of public companies. Each year we devote a considerable number of hours in joint projects with these prestigious firms.
Puerto Rico Society of Certified Public Accountants
To practice as a CPA in Puerto Rico you must be a member of the Puerto Rico Society of Certified Public Accountants. One of the objectives of the Society is to promote the professional excellence of its members. To learn more about the Puerto Rico Society, please click www.colegiocpa.com .
Puerto Rico Board of Accountancy
The practice of public accounting in Puerto Rico is regulated by the Puerto Rico Board of Accountancy. This is a governmental institution under the authority of the Puerto Rico Secretary of the State. Both the Firm and its four partners posses licenses to practice issued by the Puerto Rico Board of Accountancy. To learn more about the Honorable Board of Accountancy of Puerto Rico you can click here www.estado.gobierno.pr/contador.htm .
The Puerto Rico Board of Accountancy is a member of the National Association of States Boards of Accountancy (NASBA). To learn more about NASBA, please click www.nasba.org .
We are an independent member of Allinial Global (formerly PKF North America), an association of over 100 independent accounting and consulting firms. Based in North America, Allinial Global offers international support by connecting its member firms to providers and global networks of accounting firms worldwide. To learn more about Alliance Global, please click www.allinialglobal.com.