Education
B.B.A., Major in Accounting, with Distinction, Emory University (1984)
Professional History
Florida Business Valuation Group, LLC, Forensic Accounting and Litigation Consulting Services, President (March 2003-2018; Managing Member, June 2022-)
Yip Associates, Partner, Forensic Accounting and Litigation Services (April 2015-July 2022)
Valuation & Forensic Partners, LLC, Managing Director (2013-2014)
Licenses & Accreditations
Certified Public Accountant, Florida (Pennsylvania, inactive)
Accredited in Business Valuation
Accredited in Business Appraisal Review
Business Valuator Accredited for Litigation (credential retired 2012)
Certification in Distressed Business Valuation
Certified Valuation Analyst
Certified Fraud Examiner
Master Analyst in Financial Forensics (formerly Certified Forensic Financial Analyst)
Qualified Arbitrator, Florida
Licensed Real Estate Broker, Florida (1983-1991)
Professional Affiliations
Member, American Institute of Certified Public Accountants (AICPA): Forensic and Valuation Section
Member, Florida Institute of Certified Public Accountants (FICPA): Valuation, Forensic Accounting and Litigation Services (VFALS) Section Resource Council (2006-2013); Chair VFALS Section Steering Committee (2013-2014); Chair 2012 VFALS Conference Planning Committee
Member, FICPA North Dade South Broward Chapter: Board of Directors (2002-2005, 2009 -2017); President (2008-2009): President Elect (2007-2008); Treasurer (2005-2007); CPE Chair (2005)
Affiliate Member, American Bar Association: Business Law Section
Affiliate Member, Florida Bar: Business Law Section
Member, National Association of Certified Valuators and Analysts (NACVA): Executive Advisory Board (2008); Litigation Forensics Board Member (2006-2008); Chair, Litigation Track of 2005 Annual Conference; Co-Chair, Litigation Track of 2006 Annual Conference; Co-Chair Advanced Business Valuation Track of 2007 Annual Conference; Consultants’ Training Institute, Instructor “Calculating Business Damages”; Team Leader and Instructor, “Loss of Business Income Claims Workshop”
Member, Association of Certified Fraud Examiners
Member, Institute of Business Appraisers (2002-2012): Board of Governors (2008-2011, Chair 2011-2012); 2010 Annual Symposium Chair; 2011 Volunteer of the Year Award
Member, 17th Judicial District of Florida Grievance Committee (1998-2001, 2004-2007, 2010-2013)
Vice Chair, Florida Bar Unlicensed Practice of Law Standing Committee (Member, 2019-2021, Vice Chair 2021-); Member, 17th Judicial District of Florida Unlicensed Practice of Law Committee (2001-2004, 2016-2018)
Member, Association of Insolvency and Restructuring Advisors
Member, American Bankruptcy Institute
Member, Bankruptcy Bar Association of Southern District of Florida
Range of Experience
Extensive experience performing litigation consulting in areas of proof of damages, lost profits, forensic accounting, asset tracing, insolvency, valuation, and fraud examination. Assistance with discovery, site and document inspections, document management, research, strategy, deposition and trial preparation. Expert deposition or trial testimony in Federal and State Courts and before U.S. and international arbitration tribunals regarding damages, shareholder disputes, alter ego, insolvency, Ponzi schemes, insolvency, fraud, and usury.
Trademark licensure and patent infringement issues including valuation, lost profits, and reasonable royalty rates. Litigation consulting regarding franchise relationships in areas of damages related to breach of contract, proof of lost profits and causation.
Consulting with regard to various employment issues including lost wages/earnings, lost profits, lost benefits, and mitigation in discrimination, wrongful death, personal injury, and wrongful termination.
Litigation consulting regarding divorce cases including discovery, forensic accounting with regard to hidden assets, tax issues including fraud, valuation, equitable distribution and other economic considerations.
Business valuations prepared for various purposes involving a wide variety of industries including: healthcare, retail, professional services, restaurants, marketing, insurance, real estate, marine, Internet-based, technology, travel, trucking, packaging, light manufacturing, auto dealerships, and wholesale/distribution. Also valuations for undivided interests in real estate.
Litigation consulting in bankruptcy and related matters including preference and fraudulent transfers, asset tracing, Ponzi schemes, valuation issues, and insolvency analysis.
Publications and Speaking Engagements
Insolvency Analysis in Bankruptcy, Southern Palm Beach County Bar, May 21, 2019.
A New Look at an Old Question: are pass through entities worth more than C corporations?, Southeast Chapter of Business Appraisers Annual Conference, Atlanta, GA (February 2018)
Industry and Company Research for the Risk Assessment Process, FICPA Accounting & Business Show, Ft. Lauderdale, FL (September 2017)
Back to School: Lessons in industry and company research for the risk assessment process, South Florida Affiliate of American Women’s Society of CPAs, Davie, FL (June 2017)
Coauthor, Financial Valuation Applications and Models, Fourth Edition, Wiley, 2017
Misadventures in Accounting: A forensic accounting perspective, FICPA University of Florida Accounting Conference, Gainesville, FL (November 2016); FICPA Mega Conference, Orlando, FL (June 2016); Southeast Chapter of Business Appraisers, Annual Conference, Atlanta, GA (September 2015); FICPA North Dade South Broward Chapter, Fort Lauderdale, FL (February 2015); FICPA South Dade Chapter, Miami, FL (February 2015)
Expert Panel: Common Mistakes in Business Valuation, Southeast Chapter of Business Appraisers, Annual Conference, Atlanta, GA (September 2015)
Cost of Capital: A Case Study Approach, NACVA Florida Conference, Coral Springs, FL (December 2014)
Crossing the Bridge between Valuation and Litigation: How Valuation changes when the intended use is litigation, Southeast Chapter of Business Appraisers, Annual Conference, Atlanta, GA (September 2014)
What Business Appraisers Need to know about Litigation: A Non-Lawyer Expert’s Viewpoint, American Business Appraisers, Annual Conference, San Francisco, CA (April 2014)
Business Interruptions: A primer to policy provisions and loss claims, NACVA and the CTI, 2013 Annual Consultants’ Conference Washington, DC (June 2013)
Benchmarking Data: Do you know enough about the data? Tennessee Society of CPAs, Southeast Forensic & Valuation Service Conference, Nashville, TN (October 2013); FICPA Valuation Forensic Accounting and Litigation Services Conference, Fort Lauderdale, FL (January 2013); Southeast Chapter of Institute of Business Appraisers, Annual Conference, Atlanta, GA (September 2012)
“Do Business Valuations and Lost Profits Methodologies Produce the Same Damage Results?” Dunn on Damages: The Economic Damages Report for Litigators and Experts, Issue 5, Winter, 2011
Application of the Transaction Method, AICPA Business Valuation Conference, Las Vegas, NV (November 2011)
Using the Direct Market Data Method, Institute of Business Appraisers/NACVA, Southeast Chapter Conference, Atlanta, GA (September 2011)
Calculations of Damages for Litigation, FICPA Accounting Show, Fort Lauderdale, FL (September 2011)
Ibbotson and Duff & Phelps: You can’t just mix and match, NACVA, 2011 Annual Consultants’ Conference, San Diego, CA (June 2011)
Coauthor, Financial Valuation Applications and Models, Third Edition, Wiley, 2011
Transaction Databases Update: Pratt’s Stats®, BIZCOMPS® and the IBA, VPS STRAIGHTtalk Series Webinar (May 2011)
Publish blog at http://www.bizvalblog.com
Regularly speaks on topics including commercial damages, lost profits methodology, valuation methodology, and standards for professional groups and associations.