Richard M. Squar, CPA, MBA-Tax, CVA, ABV, CFF

Mr. Richard M. Squar, CPA, MBA-Tax, CVA, ABV, CFF

GELMAN LLP
1940 East 17th Street
Santa Ana , CA 92705
Office: 714-667-2600
Fax: 714-667-2636

Introduction

Professional litigation support and forensic accounting services. Specialty areas include expert witness testimony; accounting malpractice; damages calculations and lost profits and lost revenues analysis; civil litigation and arbitration; business valuation; business owners’ disputes; real estate damages; purchase value analysis; critique of other experts’ testimony, litigation, and valuation reports; taxation issues; fiduciary accounting; development of economic, financial and accounting analyses and models; financial statements analysis; business dissolution; marital dissolution; discovery assistance; and, breach of contract matters. Many industries represented including professional practices, services, real estate, accounting, insurance, manufacturing, and distributorships. Expertise in taxation and accounting for business entities including corporations, S corporations, limited liability companies, limited liability partnerships, partnerships and sole proprietorships. Certified Public Accountant, Certified Valuation Analyst, Accredited in Business Valuation, Certified in Financial Forensics


Areas of Expertise

  • Appraisal & Valuation
  • Business Valuation
  • Forensic Accounting
  • Real Estate Valuation

Expert Background

Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: •Certified Public Accountant(CPA), California State Board of Accountancy
•Accredited in Business Valuation (ABV), American Institute of Certified Public Accountants
•Certified Valuation Analyst (CVA), National Association of Certified Valuation Analysts
•Certified in Financial Forensics (CFF), American Institute of Certified Public Accountants
•Former Orange County, California Chapter President and Treasurer on National Board, Forensic Expert Witness Association
•Master’s Degree in Business Administration - Taxation (MBA-Taxation), Golden Gate University
•Member, California Society of Certified Public Accountants
•Member, American Institute of Certified Public Accountants
•Graduate Instructor, Golden Gate University Masters in Taxation Program
•American Institute of Certified Public Accountants Accredited in Business Valuation
•National Association of Certified Valuation Analysts, Salt Lake City - Certified Valuation Analyst in Business Valuation
•Advanced Business Valuation Courses (BV201, 202, 203, 204, & 206) and completion of other required exams, sponsored by the American Society of Appraisers
•NASD Course and Completion of exams – Series 7 Certification
•California State University, Northridge – Bachelor of Science, Accounting, Summa Cum Laude
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: Member, California Society of Certified Public Accountants
Member, American Institute of Certified Public Accountants
Member, Forensic Expert Witness Association
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: “Damages Due To Lost Profits”, Forensic Expert Witness Association. Quoted in “More Bang For Your Buck”, Entrepreneur.com. Quoted in “Planning For The Future, Dealing With The Present”, Small Business Computing. Quoted in “How To Understand Tax Forms”, [Work+Money]. Quoted in “Coming Down?”, Entrepreneur. Quoted in “What Are You Worth?”, Health & Fitness. Quoted in “The New Gold Standard”, On Wall Street. “Don’t Write That Check”, Entrepreneur. "Verdicts & Settlements”, Los Angeles Daily Journal. "Beyond Price”, Los Angeles Daily Journal. “Effective Valuation & Litigation Support in Corporate Securities Lawsuits”, Orange County Business Journal. Quoted: Orange County Business Journal; “Litigation Support Services: How Can Accountants Help?” Orange County Lawyer. “Strategies For Law Firms: 4 Pillars,” Orange County Business Journal. "Is Your Partnership Compensation Agreement From Outer Space?” Orange County Lawyer. “Marital Dissolutions–Analyze S Corporations Carefully”, Los Angeles Bar Association Journal.
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No
Q: On how many occasions have you been retained as an expert?
A: 40+
Q: For what area(s) of expertise have you been retained as an expert?
A: Damage analysis – lost profits; misrepresentation
Manufacturer of body products – defense of ownership claim
Verify accounting data
Damages re future profits calculations for manufacturing start-up
Insurance agency fraud/dissolution
Insurance medical claim
Hospital – damages calculation
Medical – damages calculation
Real estate - residential project
Review of accountant’s testimony
Minority shareholder valuation – trucking
Medical business valuation
Timeshare developer – review experts’ reports
Workers compensation – furniture manufacturing valuation and business damages
Telecommunications – damages - breach of contract
Disability insurance – damage calculations
Insurance – valuation calculations medical disability
Insurance – review opposing expert’s damages report
Insurance – development of extensive programs summarizing legal fees and costs
spent; access information assisting litigating reimbursement from malpractice
carriers
Oil and gas - critique opposing expert’s damages
Critique expert’s valuation of medical practice
Court-reporting business ownership issues
Medical imaging & radiology, evaluation of employment contract and dissolution
terms
Start-up business disagreements; partner dissolution
Reconstruct net worth and use of funds
Damages re fraudulent taking ownership of manufacturing subsidiary
Breach of purchase contract; damages calculation
Damage calculation re temporary labor contracts
Damages re real estate projects and net cash flow
Forensic audit re alleged embezzlement
Divorce – calculation of malpractice damages against attorney
Contract issues – definition of accounting terms
Claim for portion of assets – forensic investigation of accounting records
Business overhead insurance claim – definition of accounting terms and analysis of
records
Accounting malpractice
Intangible asset appraisal
Real estate damages
Q: In what percentage of your cases were you retained by the plaintiff?
A: 50%
Q: In what percentage of your cases were you retained by the defendant?
A: 50%
Q: When was the last time you had your deposition taken?
A: 2014
Q: On how many occasions have you been qualified by a court to give expert testimony?
A: 25+
Q: For how many years have you worked with the legal industry as an expert?
A: 30 years
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Accounting malpractice services and business valuations; other engagements regarding specific consulting matters, including tax planning, implementation, and returns preparation; mergers & acquisitions; management decision-making and organization structure; financial planning including investment and pension considerations; and, financial and managerial counseling for owners; facilitates ownership criteria for partners. Consults in cases involving definition of accounting terms and valuation of acquisition targets.

References

Scott Carpenter
PALMIERI, TYLER, WIENER, WILHELM & WALDRON LLP
2603 Main Street, Suite 1300
Irvine, CA 92614
(949) 851-7243
scarpenter@ptwww.com

Mark S. Himmelstein Esq.
NEUMEYER & DILLION LLP
895 Dove Street, Fifth Floor
Newport Beach, CA 92660
(949) 854-7000
mark.himmelstein@ndlf.com

Stuart W. Price
BRYAN CAVE LLP
3161 Michelson Drive, Ste. 1500
Irvine, CA 92612
(949) 223-7208
swprice@bryancave.com

Daniel L. Rasmussen Esq.
PAYNE & FEARS LLP Attorneys At Law
4 Park Plaza, Suite 1100
Irvine, CA 92614
(949) 851-1100
DLR@paynefears.com