William T. Keevan

CSIS Trustee

William T. Keevan has more than 45 years of financial accounting, auditing, Securities and Exchange Commission (SEC) reporting, government contract consulting, internal investigation, litigation support, risk management, and corporate governance experience serving corporations, boards of directors, and legal counsel. He has been responsible for leading major practice groups at three international professional services firms and for the training and professional development of numerous colleagues over the years. He has served on two public company audit committees (as chairman of one) and on one compensation committee. In these capacities, he has worked with company management to develop robust enterprise risk management and strategic planning processes, improve financial reporting and internal controls, enhance the organizational stature and effectiveness of the internal audit and compliance functions, and strengthen communication and coordination with the independent auditors. He currently serves on the Board of Trustees of the Center for Strategic and International Studies and is a member of the Audit, Risk and Compliance Committee. Mr. Keevan joined Arthur Andersen & Co., an international accounting firm, in December 1968. He left Arthur Andersen in November 1973 to enter private industry and was invited to return to the firm in January 1979. He was with Arthur Andersen for 28 years, 20 years (1982–2002) as a partner serving in a number of senior management positions, including as a member of both the Firmwide and North America Audit and Business Advisory Services Leadership Teams; managing partner, Government Contract Consulting Services; managing partner, Business Fraud and Investigation Services (North America); and managing partner, Strategic Alliances and Business Expansion for the Audit and Business Advisory Services Practice. In addition to serving his own clients, Mr. Keevan was often consulted on accounting, auditing, and regulatory compliance matters by other Arthur Andersen partners, particularly those whose clients were engaged in government or long-term commercial contracting activities. He was also regularly consulted by members of Andersen’s Firmwide Professional Standards Group and occasionally by other public accounting firms referred to him by the American Institute of Certified Public Accountants. He retired from Andersen in 2002 when it ceased the practice of public accounting. In June 2002, Mr. Keevan and two of his Andersen partners formed Keevan Consulting LLC, which was then acquired by Navigant Consulting Inc. From June 2002 to December 2006, Mr. Keevan was a senior managing director of Navigant Consulting and the leader of the firm’s Government Contractor Advisory Services Practice. He also served on the firm’s Disputes, Investigations and Regulatory Advisory Services Practice Management Committee. In December 2006, Mr. Keevan and most of the professionals in his practice at Navigant joined Kroll Inc., a leading international risk consulting firm, where he was a senior managing director and the U.S. leader of the firm’s Complex Accounting, Disputes and Regulatory Compliance Practice. In 2010, subsequent to the sale of Kroll by its parent company Marsh & McLennan, Mr. Keevan became an independent consultant and senior adviser to Chess Consulting LLC, the successor to the practices he led at Andersen, Navigant, and Kroll. Early in his career, Mr. Keevan spent five years (November 1973 to December 1978) in industry. Most of that time was with Masonite Corporation at both its corporate headquarters and as controller of the company’s Western Lumber Division. His responsibilities in those positions included financial accounting and SEC reporting, financial planning and analysis, cost accounting, capital budgeting, and merger and acquisition due diligence. He directed Masonite’s adoption of the LIFO method of inventory accounting and was responsible for developing the company’s responses to accounting standards and regulatory requirements proposed by the Financial Accounting Standards Board and the SEC. Mr. Keevan’s experience encompasses a wide range of financial statement auditing, accounting consultation, government contracting and SEC regulatory compliance, internal controls assessment, merger and acquisition due diligence, internal investigation, litigation support and expert testimony assignments for clients in the aerospace, telecommunications, shipbuilding, heavy equipment, automobile parts, ordnance, construction, technical services, chemical, pharmaceutical, insurance, health care, building products, higher education, and public accounting industries, among others. Many of his clients have been companies subject to the unique business and compliance risks attendant to doing business with the U.S. and foreign governments. In this connection, Mr. Keevan directed Arthur Andersen’s 1986 Study of Government Audit and Other Oversight Activities Relating to Defense Contractors conducted for the President’s Blue Ribbon Commission on Defense Management (the “Packard Commission”). Mr. Keevan works with senior management, corporate boards, and their legal counsel in conducting internal investigations and responding to government audit reports, inquiries, and investigations. Such matters have included, for example, alleged violations of the False Claims, Truth in Negotiations, and Foreign Corrupt Practices Acts and compliance with generally accepted accounting principles (GAAP) and SEC reporting, Federal Acquisition Regulation and U.S. government Cost Accounting Standards requirements, and the misappropriation of company assets. His experience also includes providing accounting and related services to the Independent Monitor appointed pursuant to a Deferred Prosecution Agreement between the United States and the first major defense contractor to be convicted of a criminal violation of the Arms Export Contract Act. Mr. Keevan has also assisted companies in evaluating the design and operating effectiveness of their internal controls over financial reporting, cost estimating, purchasing, and other business systems and processes. Relatedly, he assisted the Conference Board’s Commission on Public Trust and Private Enterprise in analyzing and formulating its comments on selected provisions of the Sarbanes Oxley Act of 2002 (“SOX”). Additionally, he coauthored a monograph analyzing the implications of SOX for government contractors and their independent auditors. He also coauthored an article published in the September 1, 2010, issue of The Government Contractor analyzing the Defense Contract Audit Agency’s guidance regarding audits of contractor internal control systems, with particular emphasis on certain problematic aspects of that guidance. Mr. Keevan has advised clients in connection with post-acquisition purchase price disputes and with respect to the establishment of and accounting for joint ventures and strategic alliances. He has also worked with companies and their legal counsel on matters involving contract breach, constructive change order claims, contract termination settlement proposals, General Services Administration (GSA) schedule contracting, patent infringement litigation, alleged antitrust violations, tax-related intercompany pricing disputes, data compensation under the Federal Insecticide, Fungicide and Rodenticide Act, and alleged auditing failures. His work in these areas has included detailed fact finding and data analysis, quantification of damages, evaluation of settlement alternatives, assisting clients in preparing for negotiations, arbitration and trial, and providing expert testimony. Mr. Keevan has testified as an expert in the U.S. Court of Federal Claims and in other courts, before the Armed Services Board of Contract Appeals, in NATO and other arbitration proceedings, and in numerous depositions. He has also testified before the Subcommittee on Oversight and Investigations of the U.S. House of Representatives Committee on Energy and Commerce. That testimony was on behalf of Stanford University. Mr. Keevan received a bachelor's degree in accounting from the University of Akron in December 1968. He is a Certified Public Accountant (CPA) and is licensed to practice in Virginia, Maryland, and the District of Columbia. He is a registered CPA in Illinois. He is also a chartered global management accountant. He is a member of the American Institute of Certified Public Accountants (AICPA), Illinois Society of Certified Public Accountants, Virginia Society of Certified Public Accountants, Greater Washington Society of Certified Public Accountants, and the National Contract Management Association, of which he is a past member of the Executive Advisory Council. He is also an associate member of the Public Contract Law, Business Law and Litigation Sections of the American Bar Association (ABA) and has served as vice chair of the Accounting, Cost and Pricing Committee, the Strategic Alliances, Teaming and Subcontracting Committee and the Contract Claims and Disputes Committee of the Public Contract Law Section of the ABA. Additionally, he is a member of the National Association of Corporate Directors and of Financial Executives International (FEI). He is a former member of FEI’s Committee on Government Business. Mr. Keevan served for six years on the AICPA Defense Contractors Committee, for three years as the committee's first chairman. He also served on the AICPA Government Contractors Guide Special Committee and is the principal author of the original auditing chapter of the AICPA Audit and Accounting Guide, Audits of Federal Government Contractors. He regularly participated in updating subsequent versions of the Guide through 2008 at which time updating of the Guide was discontinued. He has also coauthored articles dealing with various government contract accounting and related matters and has twice been an AICPA nominee to the Cost Accounting Standards Board. He has spoken on financial accounting, cost accounting, corporate governance, and regulatory compliance matters at conferences and seminars sponsored by the ABA, Federal Bar Association, Boards of Contract Appeals Bar Association, California Society of CPA’s, Electronics Industries Association, and other groups and organizations. He has served as an instructor for the Masters Institute in Government Contract Costs and Cost Accounting Standards courses presented nationally by Federal Publications, Inc. Additionally, as a public company board member and audit committee chairman, he has been a speaker on webcasts and other programs sponsored by two of the “Big Four” accounting firms. He is a member of the Advisory Board of Government Contract Costs, Pricing & Accounting Report published periodically by Thomson Reuters. He was a director of DeVry, Inc. (now DeVry Education Group), a global provider of education services, from 2005 through 2013. He served as chairman of the Audit and Finance Committee and a member of the Compensation Committee. He also served for three years as a director of SRA International, a leading provider of technology and strategic consulting services to government organizations. He was a member of the Audit and Finance Committee. SRA was acquired by Providence Equity Partners in July 2011.