Search Results for: forensic

Prager Metis Expands Forensic and Dispute Advisory Practice; Admits New Partner

New York City-based Prager Metis CPAs (FY17 net revenue of $82.5 million) welcomes Yasmine L. Misuraca to the firm as PIC of the forensic and dispute advisory practice.

Yasmine L. Misuraca

“Bringing Yasmine on board is essential for our plans to expand our resources and further strengthen our reputation as the ‘go-to’ experts in forensic and dispute advisory,” says Glenn Friedman, CEO and co-MP. “She possesses a unique and extensive background in this arena and she is a valuable addition to the team.”

Misuraca is a forensic accounting specialist providing consulting and expert witness services and has more than 25 years of experience in both public accounting and private industry. Working for both plaintiffs and defendants, Misuraca’s clientele includes private individuals, attorneys, corporations and government agencies. She specializes in conducting forensic examinations and assisting clients in complex disputes, such as contract disputes, SEC actions, mergers and acquisitions, and matrimonial disputes.

The practice provides quality investigative, expert witness and consulting services.

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Pathway Forensics Opens Downtown Houston Office

Pathway Forensics, the digital forensics firm of Houston-based Briggs & Veselka Co. (FY17 net revenue of $36.2 million), is opening an office in Houston.

Now located in The Woodlands, Texas, the additional office is designed to better serve the Houston and its surrounding suburbs.

To head up the firm’s new downtown office, Clint Koenig has joined Pathway Forensics as a senior consultant. Koenig brings more than 18 years’ experience in forensic technology, and was most recently with KPMG’s forensic technology practice, where he specialized in providing digital evidence recovery, management, and review services to Fortune 500 companies in support of their ongoing civil litigation, compliance and monitoring, internal investigations and fraud detection.

“Clint brings years of digital forensics experience to Pathway and adds to our already talented cybersecurity team,” says Noel Kersh, principal at Pathway Forensics.

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Aprio Launches Forensic and Investigative Services

Nicole Ponziani

Nicole Ponziani

Atlanta-based Aprio LLP (FY17 net revenue of $85.1 million) has launched a new team within its litigation support and forensic accounting services group – forensic and investigative services.

The team is led by Nicole Ponziani, who uses proprietary models to work with attorneys and clients in gathering evidence in the investigation of alleged “bad acts.” Her involvement includes the handling of internal and criminal investigations through subject interviews and tracing of assets with proven results.

Some examples of Aprio’s forensic and investigative services work include:

  • The Aprio team was engaged to investigate and analyze a multi-million-dollar asset misappropriation involving a financial institution. Hundreds of transactions and identified recipients were found to be fraudulent. Restitution was sought and the proper documents were provided to the regulators, insurance carrier and law enforcement.
  • The Aprio team performed an internal investigation on a multi-million-dollar private company. We identified a significant misappropriation of assets. Under our guidance the company rectified the inadequacies in their internal controls. A claim to their insurance carrier and a report to law enforcement was prepared.

Ponziani, with a degree in criminology, has more than 17 years of experience having worked with local law enforcement and fraud countermeasures compliance in areas such as fraud investigations, financial services regulatory compliance, FCPA, RICO, HR investigations, money laundering and Ponzi schemes.

“It is our goal to minimize the impact that an investigation has on our clients’ businesses operations,” said Howard Zandman, PIC of litigation support and forensic accounting services. “The forensics and investigative services team’s expertise in getting beneath the surface enables us to reach solutions efficiently and effectively and provide evidence that is clear, understandable and withstands the rigors of court.”

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EisnerAmper Names Klein as Leader of Forensics Litigation and Valuation in N.J.

Hubert Klein

New York-based EisnerAmper (FY18 net revenue of $360.7 million) has named partner Hubert Klein as leader of the firm’s New Jersey forensics, litigation and valuation services group.

Klein specializes in complex damages, business valuations, due diligence analysis, fraud, forensic investigations, matrimonial proceedings, lost profit calculations, shareholder disputes, insurance claims analysis, succession planning, and estate and gift planning.

With more than 30 years of experience, Klein has served as an agreed-upon neutral expert and as an expert witness appointed by judges. He has also been appointed by various courts to serve as a receiver, provisional director, special fiscal agent and the court’s independent forensic auditor in various civil litigation matters.

“We look forward to an exciting future with Hubert leading the New Jersey practice,” says Allen Wilen, partner and national director of EisnerAmper’s financial advisory services group. “The leadership, expertise and vision he brings will be enormously impactful to the firm.”

Baker Tilly, RGL Forensics Are Merging

Alan Whitman

Chicago-based Baker Tilly Virchow Krause (FY18 net revenue of $578.4 million), ranked No. 13 on the 2018 IPA 100 list, and Englewood, Colo.-based RGL Forensics are combining, the firms announced.

The merger represents an opportunity for expansion in several markets, especially in New York where both companies already have a presence.

“The combination of RGL and Baker Tilly deepens our firm’s expertise in forensic accounting services and gives RGL greater resources and capacity to serve clients on a larger scale,” Baker Tilly CEO Alan Whitman said in an emailed statement. “This merger represents strategic growth for both firms nationally and globally.”

The merger will be in full effect by the end of the year. Meanwhile, RGL will continue to operate under its current brand.

RGL CEO Angela MacPhee also issued a statement: “We are proud of our lasting relationships with our clients around the world and our reputation for providing financial clarity to our clients. Combining our full team with Baker Tilly gives us a wider platform and more delivery channels to better serve our clients.”

RGL is an international firm of accounting, valuation and technology professionals specializing in the quantification of economic damages, financial analysis, fraud investigation and expert witness services.

The combination of RGL and Baker Tilly expands both firms and gives Baker Tilly an international presence.


De Laval and Yeager Join Whitley Penn as Forensic Litigation Valuation Services Managing Directors

Mike De Laval

Mike De Laval

Fort Worth, Texas-based Whitley Penn (FY17 net revenue of $97.6 million) announced that Mike De Laval and Jack Yeager have joined the firm’s Houston office as managing directors in the forensic, litigation and valuation group.

De Laval has provided expert testimony and litigation consulting for the past 15 years across numerous commodity markets including oil and gas, NGL’s / LPG’s, petrochemicals, electricity, agricultural and metals. He has relevant industry experience to provide a thoughtful, real world opinion with regards to matters involving trading, transportation, contractual, asset operation and optimization, and overall portfolio issues. He has been certified as an expert in Hedge Funds, Funds of Funds, and Natural Gas in U.S. District Court, and has broad based experience providing subject matter expertise in litigation consulting and testimony involving white collar crime, government regulatory actions, private litigation and Uncitral Arbitrations.

Jack Yeager

Jack Yeager

Yeager has expertise related to commodity and derivative markets (e.g. energy, agriculture, metals, futures and options). He has more than 20 years of practical experience working in and consulting to businesses that regularly engage in commodity or derivative transactions, primarily in the oil, gas and power sectors. He also has nearly 15 years of experience assisting in litigation matters as both a testifying and consulting expert.

Together De Laval and Yeager co-lead Whitley Penn’s Traded Markets practice which provides both business consulting and litigation support services to participants in traded markets.

“We are eager to welcome Mike and Jack to our team and believe their diverse experience will be a true asset to the firm and our clients,” says Jim Penn, PIC of the Forensic Litigation Valuation Services group.

AICPA Announces New Professional Certificates in Forensic Accounting

The AICPA launched two intermediate-level certificate programs to help satisfy a growing need for financial professionals with forensic accounting expertise. The new AICPA programs explore core and specialized forensic techniques.

These curricula are timely, as economic and regulatory trends – along with corporations’ increasing focus on the threat of financial crime – are expected to benefit the forensic accounting profession in the coming years according to a study by IBISWorld, a market research firm. The report indicates employment in forensic accounting grew at an annualized rate of 18% from 2012 to 2017, and projects continued growth in the sector in coming years.

“Our certificates provide new options to CPAs seeking a comprehensive pathway to the Certified in Financial Forensics (CFF) credential, as well as to other financial professionals who wish to show competency in financial forensics but are not eligible to get the CFF credential,” says Barbara Andrews, AICPA Director of Forensic Services. “Anyone wanting to expand his or her knowledge of financial forensics can benefit by enrolling in our new certificate programs.”

The Core Forensic Accounting Certificate covers subjects essential to the planning, performance and reporting of all forensic accounting engagements, including:

  • Forensic engagement and management
  • Evidence identification and gathering
  • The discovery process
  • Effective interviewing techniques
  • Deposition and testimony
  • Preparing sustainable reports

The Specialized Forensic Accounting Certificate dives into more complex forensic themes, such as:

  • Bankruptcy
  • Technology
  • Data recovery
  • Damages
  • Lost earnings and fringe benefits
  • Patents, copyrights and trademarks
  • Mergers and acquisitions
  • Detecting and investigating fraud
  • Divorce and other family law issues

Additional information regarding the growing forensic accounting profession is available on the AICPA Forensic and Valuation Services website.

AICPA Appoints Chair of Certified in Financial Forensics Credential Committee

Jeffrey Buchakjian

Jeffrey Buchakjian

AICPA appointed Jeffrey Buchakjian chair of the certified in financial forensics (CFF) credential committee. Buchakjian is a partner and forensic accounting specialist in the financial advisory services group of New York-based EisnerAmper (FY17 net revenue of $352.6 million).

The CFF credential committee plays a role in promoting the growth of financial forensics services by raising the level of awareness of the CPA and CFF credential, as well as the CPA’s role in financial forensics. In addition, the committee works to develop and maintain qualification requirements for credential applicants, develops initiatives to recruit and retain credential holders, and serves as technical advisors to the AICPA regarding educational offerings for potential credential holders.

Buchakjian specializes in providing litigation consulting and forensic accounting services to attorneys, public and private corporations, and governmental agencies. He provides consulting and investigation services on matters involving financial fraud, commercial litigation and disputes, insurance claims and asset tracing. Buchakjian is frequently asked to conduct seminars, and continuing professional and legal education programs in the areas of forensic accounting and fraud.

“The CFF is a highly recognized and well-respected credential in the field of forensic accounting,” says Buchakjian. “I look forward to working with my fellow committee members across the country to continue to develop thought leadership and increase awareness of our growing profession.”

Briggs & Veselka Acquires Pathway Forensics

Houston-based Briggs & Veselka (FY16 net revenue of $35.4 million) has acquired Pathway Forensics, a digital forensics firm specializing in computer forensics, eDiscovery processing and hosting, data analysis, corporate investigations and expert witness testimony.

“We believe this will be a great partnership because of our similar cultures and complimentary skill sets,” says Sheila Enriquez, leader of the Briggs & Veselka forensic, valuation and litigation support practice and the firm’s consulting group. “Pathway has received numerous kudos statewide for their computer forensics, corporate investigations, expert witness, and eDiscovery services, and they will be an excellent resource for our clients and the law firms we serve.”

“Pathway is excited to join a firm with such a remarkable market reputation, and with such a high degree of client loyalty. And our cultures align well, which was a critical point for me and our management team,” says Noel Kersh, partner with Pathway. “We’re excited about the ability to collaborate on litigation matters as well as the middle market corporate clients that Briggs & Veselka serves.”

The firm leadership brings more than 75 years of experience in conducting digital forensics acquisitions and analysis on a variety of cases involving business and employment disputes, investigating theft of intellectual property, compliance with discovery requests, family law, harassment, in-house investigations for large corporations, copyright infringement and criminal cases.

In addition to Kersh, Pathway principal, Dustin Hager, directors Chris Graham and Dennis Williams, and the staff, will be part of the new organization.

BDO Enhances Forensic Accounting Offering with Acquisition

BDO Canada acquired Ferguson + Mak, effective Feb. 1. The addition of the boutique forensic and investigative accounting firm strengthens BDO’s market-leading practice in the Greater Toronto Area.

“BDO wants to be the best professional services firm in the mid-market with dominance in the geography that it wishes to participate. The merger with Ferguson + Mak certainly helps to position the firm for the future given their excellence in innovation, attracting top talent, client service and reputation in the market,” says Jeffery Chapman, BDO’s MP, financial advisory services. “The culture of the two firms are very similar and service similar clients, which we believe will make the transition to BDO seamless.”

Founded in 2013, Ferguson + Mak has provided objective and independent forensic accounting, corporate investigations, litigation and dispute resolution, valuation opinions and economic loss calculations services to a wide variety of industries and to organizations of all sizes.

“BDO is a world class professional services firm that will enable us to better service our clients,” says Bob Ferguson, partner at Ferguson + Mak. “BDO has depth of resources and breadth of services, but is nimble enough to be agile and responsive to client needs. We are thrilled to be joining a culture for collective professional growth and opportunity, with the dynamic, visionary leadership of a client-oriented professional services firm.”