# DELOITTE CORPORATE FINANCE LLC X-17A-5 (2024-03-19) — Broker-dealer annual report - Company: DELOITTE CORPORATE FINANCE LLC - Form: X-17A-5 - Filed: 2024-03-19 - Period: 2023-05-31 - Accession: 0001136728-24-000003 - CIK: 1136728 - File #: 8-53196 - Type: Broker-dealer - Material weakness: No - Auditor: Plante & Moran, PLLC - Auditor location: Auburn Hills, MI - Contact: Patrick J. Ryan - Phone: 704-333-0528 - Signed by: Patrick J. Ryan (CFO/FINOP) Original filing: https://www.sec.gov/Archives/edgar/data/1136728/000113672824000003/edgarbsnotesFY23_2.pdf --- {0}------------------------------------------------ ## **United States Securities and Exchange Commission** um er: **Washington, D.C. 20549** Expires: November 30, 2025 | Estimated average burden | | | | | | | |--------------------------|-----------------------|--|--|--|--|--| | | hours per response 6 | | | | | | ## **FORM17-H** # **RISK ASSESSMENT REPORT FOR BROKERS AND DEALERS** ### **PARTI** **Risk Assessment Reporting Requirements for Brokers and Dealers** | NAME OF REPORTING BROKER-DEALER | | | | SEC FILE NO. -------'-[TI]__, | |------------------------------------------------------------------------------------------------------------------------|------|----------------------------------------|--------|-------------------------------| | Deloitte Corporate Finance LLC | ~ | CRD NO._1_11_7_47 | | ______
~ | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS | | | | | | -----------~~------------------------
111 S. Wacker Drive, Chicago, IL 60606-4301 | | | | ~ | | FI RM I.D. NO. | | | | | | | | FILING TYPE: (Check Appropriate Boxes) | | | | FOR PERIOD BEGINNING (MM/DD/YY) | | QUARTERLY | ANNUAL | AMENDED | | ___________
_06_!_01_12_0_2_2 | ~ | | | | | ___________
AND ENDING (MM/DD/YY)
_0_5/_3_1/_20_2_3 | [;:J | | | | | NAME AND TELEPHONE NUMBER OF PERSON TO CONTACT IN REGARD TO THIS REPORT
Patrick J. Ryan 704-333-0528 | [nJ | | | | | -----------~ ---------~
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NAME(S) OF MATERIAL ASSOCIATED PERSONS CONTAINED IN THIS REPORT: | | | | | | | | | | | | | | | | | | ___________ | Ct;] | | | | | --------~
NAME OF ASSOCIATED BROKER-DEALER(S) NOT FILING (If applicable)
________ | | | | | | | | | | | | ___________ | Gs] | | | Go] | | ___________ | Cs;] | | | | | | | | | | ## **ATTENTION** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. § l 00 l and 15 U.S.C. § 78ff(a). Intentional misstatements or omissions of facts may also result in civil fines and other sanctions pursuant to Section 20 of the Securities Exchange Act of 1934. The person signing this report represents hereby that all information contained in this Form is true, correct and complete. It is understood that all information in this Form is considered an integral part of this Form and that the submission of any amendment represents that all unamended information remains true, correct and complete as previously filed. Pursuant to the Securities Exchange Act of 1934, the undersigned has caused this report to be signed on its behalf in the City of Charlotte and State of North Carolina on the 20 day of July *20]l.* Deloitte Corporate Finance LLC (Si **Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid 0MB control number.** SEC 2332 (1-10) {1}------------------------------------------------ #### ITEM 1 ORGANIZATIONAL CHART REFLECTING ASSOCIATED PERSONS AND THE BROKER-DEALER: ![](_page_1_Figure_1.jpeg) Bermuda, Deloitte Canada, Deloitte Brazil, Deloitte Mexico, Deloitte Chile #### ITEM 2 RISK MANAGEMENT AND OTHER POLICIES: #### Credit Risk The Project Controller maintains a schedule of all outstanding receivables related to Investment Banking Financial Advisory Revenue. This schedule is reviewed on a monthly basis and discussed with the appropriate banker on the deal team if any receivables have been outstanding for more than 60 days. It is each banker's responsibility to contact the client and inquire if the collectability is still deemed to be reasonably assured and as to when the payment will be received. We record a reserve on specific invoices under the following schedule: | Invoice age | Reserve % | | | |-------------|-----------|--|--| | 180 days | 25% | | | | 365 days | 100% | | | Upon the determination an amount is uncollectible, a bad debt provision will be recorded and the receivable will be written off as bad debt. The Company rarely has issues with customer collectability. As such each receivable is analyzed on an individual basis for collectability. {2}------------------------------------------------ #### **Market Risk** Deloitte Corporate Finance is not exposed to market risk because it does not have security positions. We are well capitalized and do not rely on external funding. ITEM 3 LEGAL PROCEEDINGS: None #### ITEM 4 FINANCIAL STATEMENTS: #### **Allocation of Costs and Expenses to Deloitte Corporate Finance LLC** The following summarizes the nature and method for the allocation of costs and expenses incurred to support the operations of Deloitte Corporate Finances LLC ("DCF"). These costs and expenses are principally borne by Deloitte Financial Advisory Services LLP ("Deloitte FAS") as well as Deloitte Services LP and other Deloitte entities. The following disclosure was included in the DCF 2015 financial statement notes: "The Company [DCF] and Deloitte FAS, a related entity, operate under a service and expense agreement whereby Deloitte FAS provides employee and administrative services including, but not limited to, expenses such as all company personnel including out of pocket client project costs, office space, including all utilities and telephone services, and all general and administrative services in connection with the Company's business which includes all state and local taxes." The relevant costs and expenses attributed to DCF's operations are principally allocated based on the specific identification of the expense item (e.g. client service salaries), or in proportion to employee headcount, revenue, or square footage (for occupancy costs). The allocated costs and expenses are billed to DCF on a monthly basis. Management believes these allocation methods represent a reasonable basis on which to attribute the costs and expenses incurred on behalf of or in support of DCF's operations with the benefit received by DCF. Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.