Michael P. Alerding SENIOR DIRECTOR ALERDING CPA GROUP

Transcription

1 SENIOR DIRECTOR ALERDING CPA GROUP 4181 E. 96 TH STREET, SUITE 180 INDIANAPOLIS, IN (317) X. 223 (DIRECT) (317) (FAX) CURRICULUM VITAE OVERVIEW OF RESPONSIBILITIES EDUCATION Senior Director, Alerding CPA Group; Director, Audit and Accounting Services; Litigation Support/Services; Succession Planning Services. Indiana University, Bloomington, IN Bachelor of Science - Business Administration Accounting 1971 PROFESSIONAL DEVELOPMENT Includes an average of 40 hours of qualified CPE on an annual basis, including Expert Witness and Litigation Support Services, Forensic auditing, Government Audit & Accounting, Not-for-profit audit and annual updates on tax and accounting matters. PROFESSIONAL CERTIFICATIONS Certified Public Accountant 1975 Large Case Arbitrator American Arbitration Association ( ) BUSINESS HISTORY Alerding CPA Group Senior Director June 2011 to Present Assumed increasing responsibility for Litigation Support, Mergers & Acquisitions, Succession Planning, Business Valuation and General and Management Consulting services while maintaining role as Engagement and Quality Control Partner on selected Audit and Review engagements. Continue to perform research on accounting, disclosure and auditing issues for firm.

2 Page 2 Alerding & Co., LLC Managing Director May 1998 to June 2011 Managed firm from inception until June Firm specializes in audit, accounting, tax, forensic and consulting services, with an emphasis on closely-held businesses and notfor-profit entities. Client base includes wholesale/distribution, mineral reserves (limestone quarries) construction; employee leasing company; manufacturing; retail; healthcare; service organizations; franchises; civic organizations; health and welfare organizations; law firms and national patriotic organizations. Consulting services include bankruptcy, turnarounds, exit-strategy planning, mergers & acquisitions, income tax planning and mediation. Forensic experience includes wide-ranging engagements for both not-for-profit and for-profit entities. Litigation support activities include managing Litigation Support Group and providing consulting and expert witness services for damage claims; accountants malpractice/fraud; forensic accounting/auditing; and breach of contract claims. Blue & Co., LLC Director and Manager July 1981 to April 1998 As a Director ( ), I was responsible for a variety of consulting, litigation support, tax and audit and accounting clients including manufacturing, retail, wholesale, franchisers, franchisees, employee leasing company, construction contractors, transportation, not-for-profit organizations, healthcare, financial institutions, and numerous service organizations. Managerial ( ) responsibilities included managerial audit and consulting responsibility for majority of audit clients served by the Indianapolis office including clients engaged in construction, transportation (charter air carrier), manufacturing, government, not-for-profit, banking, healthcare, and engineering industries. Price Waterhouse & Co. Audit Manager, Senior/Staff July 1977 to July 1979 Managerial responsibility for a wide variety of clients, ranging in size from a multinational Fortune 500 glass manufacturing client to small companies and organizations including manufacturing, construction contractors, wholesale/distribution, transportation, healthcare, P & C insurance, not-for-profit, government, fast food, credit unions and law firms. Associates Corporation of North America Senior Accountant May 1971 to July 1972 LITIGATION SUPPORT ACTIVITIES Began working as a litigation support consultant/expert witness in construction breachof-contract litigation. Primary activities in litigation support have been in damages calculations, lost profits calculations, construction claims; accountants legal liability/fraud; personal injury; business valuation; marital estates for divorce; and other forms of litigation. 2

3 Page 3 Damages Mr. Alerding has been engaged as a consultant and expert witness in a number of damage claims ranging from large cases where damages were in excess of $100 million to numerous cases with smaller amounts, but with no less complex issues. Calculations of damages include lost profits, business interruption, loss of value, lost wages, construction delay/acceleration, lender liability and professional malpractice. Accountants Legal Liability Engagements Mr. Alerding has represented both defendants and plaintiffs in accountants legal liability matters involving CPA firms ranging in size from local to international firms. He continues to be actively involved in proving client attestation services, including audits and reviews of financial statements, fraud examinations and agreed-upon-procedures engagements in his position as Senior Director in the firm. Mr. Alerding currently averages over 700 hours per year in providing audit attestation services and approximately per year in providing litigation support services. In his professional career, Mr. Alerding has spent over 50,000 hours in providing audit & accounting and related attestation services to clients. Mr. Alerding is particularly effective in audit malpractice cases relating to closely-held companies and not-for-profit organizations. He also testifies on matters involving ethics, due professional care and independence. Because he continues to be actively involved on a day-to-day basis in accounting and auditing engagements, Mr. Alerding s credibility is high and his approach very practical. Mr. Alerding also has over 25 years of experience in the audits of SEC clients. Because of his extensive background and experience as a loan committee member for enhancement organizations and mezzanine lenders, Mr. Alerding has also been named as a banking expert in two matters involving audit malpractice and fraud. Fraud and Forensic Experience Mr. Alerding has worked with many businesses in identifying, quantifying and reporting on fraudulent activities. His experience includes both for-profit and not-for-profit entities and engagements that include theft, embezzlement, conversion and bank fraud, including negotiating settlement and quantifying restitution for insurance companies. Business Valuation Services Mr. Alerding prepares Summary Valuation Reports, Letter Valuations and Calculations of Value for clients that need a professional value of a business, but cannot afford or need a full valuation. His work is applicable primarily to divorces where the marital estate includes a closely held business and in shareholder disputes, stock bonuses, sales of equity interests and other corporate purposes. Mr. Alerding completed training and passed the examination as a Certified Valuation Analyst, but relies on his 40+ years of experience in valuing business and merger and acquisitions to perform his valuation services. 3

4 Page 4 Arbitration Experience Completed Alternative Dispute Resolution requirements in 1994 and provided arbitration services through the Cincinnati office of the American Arbitration Association through and including Completed requisite annual continuing education through 2003 at which time certification was allowed to lapse because of a lack of local cases for CPA s. Was a member of the Large Case Section of the AAA. Cases heard included primarily breach of contract cases where role was primarily related to the evaluation of damages and to provide input to the other panel members on the measurement of damage claims. PROFESSIONAL AND CIVIC MEMBERSHIPS American Institute of Certified Public Accountants Indiana CPA Society Indianapolis Humane Society, Inc. Chairman of the Audit Committee WFYI Channel 20 Past Chairman, Board of Directors (1998 present) WFYI Foundation Founder and Member of the Board (2005 present) Cathedral High School Trustee Indiana Statewide Certified Development Corp. - Treasurer (2010 present) St. Vincent Health Chairman of Audit Committee and Member of Board Loan Committee Representative (Charter Member of Each) to present: Mid City Pioneer Corp. (Since 1985) Indiana Statewide CDC (Since 1985) Indiana Community Business Credit Corp. (Since 1987) LYNX Capital Corp. (Since 1987) PUBLICATIONS Columnist, Indianapolis Business Journal; accounting topics for small businesses 1995 to Time for States to get on Board with New Expert Witness Rules, June 2011 edition, Dunn on Damages RECONGITION AND AWARDS Distinguished Alumni Cathedral High School, Indianapolis, IN Accounting Advocate of the Year Indiana, U.S. Small Business Administration 1989, 2000 Finalist, Entrepreneur of the Year, Financial Services, 1996 Distinguished Director Emeritus, 2012, WFYI, Channel 20, Indianapolis Distinguished Director Emeritus, 2013, St. Vincent Hospital Foundation 4

5 Page 5 SPEECHES AND TRAINING SEMINARS Price Waterhouse, 1974 through 1979, Instructor for Audit Levels I through III Blue & Co., Continental Association of CPA Firms, Instructor for Audit Level III 1980 through 1996 A regular speaker at various local, regional and national seminars on a variety of topics covering audit & accounting issues, tax planning and updates, succession planning, SOX, audit committees, commercial lending, mergers and acquisitions and many more. Have presented over 200 such seminars to numerous organizations including the AICPA; the Indiana CPA Society; American Bankers Association; Indiana Bankers Association; Risk Management Association; Small Business Association; numerous Chambers of Commerce; numerous private banks; and other civic, community and professional organizations. 5