Lisa Morris Josefak
12.16.2016 | Long Island Business News
Paul Ribaudo, CPA, CFE, CFF, CITP, is a partner in Berdon LLP’s Litigation, Valuation, & Dispute Resolution Group, working out of our Long Island and New York City offices, with a concentration in forensic accounting and investigative services. His expertise includes forensic investigations and consulting, investigations into alleged fraudulent financial reporting, litigation consulting relating to the application of generally accepted accounting principles and auditing standards, accountants’ malpractice, damage calculations, and purchase price disputes. As a certified fraud examiner, Mr. Ribaudo is skilled in all phases of fraud audits and financial investigations.
Mr. Ribaudo is adept in all stages of the litigation process. His experience in litigation matters spans testimony, advice and consultation on motions and pleadings, assistance with witness deposition and interviews, report writing, trial preparation and attendance, and preparation of visual aids and exhibits. He applies this expertise in criminal and civil matters, bankruptcy, arbitration, and mediation. Mr. Ribaudo is qualified as an expert witness in New York State Supreme Court and by the American Association of Arbitrators. He is also qualified as a Court Appointed Forensic Accountant pursuant to New York State Part 36 of the Rules of the Chief Judge.
As Ribaudo looks towards 2017, he has noticed a trend with Long Island law firms recognizing the benefit of retaining expert witnesses earlier in the litigation process.
“In particular, with respect to engagements to quantify economic damages, initial consults with Berdon professionals has allowed counsel to better gauge the accuracy of initial estimates of damages and provide a clearer understanding as to the relevant documents that would be necessary to support or refute a damage calculation,” he said. “In connection with shareholder disputes, fact discovery is often one of the most vehemently contested processes. As such, law firms and their clients have benefited from early retention of a Berdon forensic accounting expert in that we have provided guidance in navigating through the plethora of potential documents which may or may not be probative to the matter at hand. There appears to be a paradigm shift in the perception that delayed expert retention will yield reduced costs.”
“Firms are now recognizing that experts can more efficiently manage litigation projects and reduce fees by pushing work down to the lowest cost professional with the appropriate experience and knowledge, Ribaudo noted. “I’m hopeful that this trend will continue into 2017 and beyond as all parties benefit from this win-win approach.”
Ribaudo established Berdon’s Technology Efficiency Consultants, an internal group dedicated to maximizing the firm’s use of technology on engagements. He is involved with the firm’s internal peer review inspection, and has lectured on various accounting issues in conjunction with Berdon’s internal continuing education program.
Prior to joining the Litigation, Valuation, & Dispute Resolution Group, Mr. Ribaudo was an audit manager. In addition to audit, accounting and related services, he provided business advisory services to real estate and service firms, including due diligence, financial and accounting analysis and review for mergers and acquisitions, lease analyses and preparation of annual budgets.
Ribaudo earned a bachelor’s degree in accounting from Pace University in. In 1995, he was licensed as a Certified Public Accountant in New York, and in 2006 he was designated a Certified Fraud Examiner. He also earned the Certified in Financial Forensics and Certified Information Technology Professional credentials from the American Institute of Certified Public Accountants.
He is a member of the American Institute of Certified Public Accountants, Association of Certified Fraud Examiners, and New York State Society of Certified Public Accountants.
Berdon LLP, with offices in New York City and Jericho, is consistently ranked among the nation’s top CPA and advisory firms. With nearly 400 professionals and staff, clients can access a comprehensive array of accounting, tax, financial, and management advisory services.
Berdon advises on almost every aspect of a business at any stage of development – from startup through growth, diversification, and succession. Berdon is a recognized leader in advising the real estate industry and works with numerous businesses in the manufacturing and distribution sector as well as high net worth individuals. If needs cross international borders, Berdon service extends worldwide through membership in TIAG, a global alliance of more than 115 independent accounting firms in over 65 countries.