Decosimo Advisory Services Practice Growth Leads To Specialized Management Appointments

Tuesday, August 20, 2013

Decosimo, a top 100 regional accounting and business advisory firm, continues to experience growth within its Decosimo Advisory Services practice prompting the addition of director roles for the firm’s specialized valuation and litigation support service lines.  Appointed to director of valuation services is Shannon Farr, who formerly served as director of healthcare valuation, and the new director of litigation support is Sharon Hamrick, who formerly served as senior manager.

The revenue for Decosimo Advisory Services, which includes business valuation, litigation support, forensic accounting and transaction advisory services, increased in excess of 25 percent for the 12-month period ending June 30.

“Providing clients and attorneys with the highest level of advisory services has been an integral part of the Decosimo firm’s offerings since its founding in 1971,” said Mike Costello, a principal who serves on the firm’s management committee. “The depth and breadth of our staff and our experience is what allows us to give expert testimony in venues such as the United States Tax Court.” 

“The promotion of Shannon and Sharon underscores our commitment to the continued growth and quality of our advisory practice,” said Tom Decosimo, a principal representing the Decosimo Advisory Services practice. “We are pleased to have built a dynamic practice that attracts talented professionals such as Shannon and Sharon, as well as repeat business and trust from our clients.”

In their director roles, Ms. Farr and Ms. Hamrick will be responsible for the overall management of their respective Decosimo valuation services and litigation services teams. While the Decosimo Advisory Services practice group is based in the firm’s Chattanooga office, its valuation, litigation support, forensic accounting and transaction advisory specialists serve clients and testify as expert witnesses in local, state and federal courts nationwide.

Decosimo Advisory Services is also pleased to announce that Senior Manager Pamela Mantone, a published author and accomplished forensic accounting and financial fraud detection expert, is focusing her talents in the litigation support services area under Sharon Hamrick’s leadership. 

Ms. Farr joined Decosimo in May 2007 and attained advanced credentials including the Accredited in Business Valuation and Certified in Financial Forensics designations during her tenure with the Tennessee-based firm. She specializes in business valuation and litigation support for cases involving valuation issues. In addition to valuations for estate and gift tax purposes, ownership transactions and strategic transition planning, Ms. Farr has specialized expertise in healthcare valuation and is a member of the American Health Lawyers Association. She also performs fair value for financial reporting valuations to be used in purchase price allocations and goodwill impairment testing. Her valuations for litigation support and expert witness testimony have been used in numerous marital dissolution cases, as well as shareholder disputes. Ms. Farr is a member of the Tennessee Society of Certified Public Accountants and the American Institute of Certified Public Accountants. A graduate of the University of Tennessee’s College of Business, Ms. Farr frequently lectures on valuation topics such as fair market value determinations in healthcare and personal and enterprise goodwill in marital dissolution.

Ms. Hamrick, a certified fraud examiner with CFF credentials, has extensive experience in financial analysis and preparation of expert reports for state and federal courts, especially related to litigation involving embezzlement, contract disputes, breach of contract, manufacturing and supply disputes, wrongful termination, personal injury and wrongful death. She has provided litigation consultation services to both plaintiff and defendant attorneys. Ms. Hamrick earned a Bachelor of Science degree in Business Administration from Middle Tennessee State University. She is a member of the AICPA and its Forensic and Valuation Services Section, the Association of Certified Fraud Examiners and the TSCPA. Ms. Hamrick has made presentations on fraud prevention and risk assessment and has written articles for various publications. 



Justin Robinson State Farm Celebrates Grand Opening Feb. 2

Justin Robinson State Farm will celebrate a grand opening with a ribbon cutting ceremony on Thursday, Feb. 2, at 11 a.m. at 1459 North Mack Smith Road.  The Chattanooga Area Chamber of Commerce will co-host this event with Justin Robinson State Farm.  Mr. Robinson said he has made it his life goal to serve the East Ridge and Chattanooga community with his ... (click for more)

BlueCross Taps Lawrence As Director of Ancillary, Behavioral Contracting

BlueCross BlueShield of Tennessee selected Scot Lawrence as director of ancillary and behavioral health contracting. In this role, Mr. Lawrence is responsible for defining and directing state-wide contracting strategies and negotiations for ancillary providers, including lab, home health, skilled nursing, and dialysis providers, as well as behavioral health providers such ... (click for more)

Jumoke Johnson, 23, And Christopher Woodard, 20, Shot And Killed On 12th Street; Vehicle Crashes Near Willow Street

Jumoke Johnson, 23, and Christopher Woodard, 20, were shot and killed in the 2100 block of E. 12th Street on Friday night. The vehicle in which the shooting victims were riding crashed, landing on another car near Willow Street. The people in the car that wrecked were dead when officers arrived. Police said the incident happened around 8:15 p.m. Police are looking for ... (click for more)

3 People Shot Early Saturday Morning On East 3rd Street

Three people were shot on East 3rd Street early Saturday morning. They were identified as Countess Clemons, 24, Kezia Jackson, 23, and Dutchess Lykes, 26.   The Chattanooga Police Department responded at 2:40 a.m. to a person(s) shot call at a local hospital. All three victims were transported to the hospital via a personally-owned vehicle.   All three ... (click for more)

A Light Rain Began To Fall

Around noon Friday, Jan. 20, 2017, Donald J. Trump was sworn in as the 45th President of the most powerful nation on Earth after a long and sometimes bitter campaign where 17 GOP candidates of his own party and two of the opposing party competed for the honor.   Thousands rejoiced in the Washington D.C. streets while policemen who had come along with national guardsmen pushed ... (click for more)

Roy Exum: A Lady Remembers Rex

Kevin Roden sits on the City Council in Denton, Texas (think the Dallas-Fort Worth airport area in the northeastern part of the state) and he is gearing up to run for a third term this spring. He’s already got his website up and, while the election isn’t until April, he writes on his blog every now and then. Last month he let his wife take a turn at it, which brings us to yesterday’s ... (click for more)