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. 




AOC Launching New Indigent Representation Payment System In February

The Administrative Office of the Courts will modernize its disbursement system for indigent representation payments to attorneys, interpreters, expert witnesses, and investigators in February 2018. The new AOC Claims and Payment (ACAP) system will replace the Indigent Claim Entry (ICE) system and will allow users to more accurately and efficiently input and track claims for payment.The ... (click for more)

Consistent Cold Temps Boosting EPB Bottom Line

Consistent cold temps are boosting EPB's bottom line, Chief Financial Officer Greg Eaves said. The city utility had $1.1 million in revenues from kilowatt sales in December. It wound up with a positive margin of over $3 million for the month. Mr. Eaves said January "is looking real good as well with consistent cold temperatures." He said the fact that the cold weather ... (click for more)

Fleischmann Blames Senate Democrats For Government Shutdown

Congressman Chuck Fleischmann blamed Senate Democrats after the Senate’s failure to pass the Continuing Resolution (CR), putting a government shutdown into place. He said,  “I cannot fathom how Senate Democrats, knowing the severity of the issues in question, acted with such insensitivity using our children and our military as pawns, putting party over country. ... (click for more)

From Green Window Shutters To Forks And Spoons, Mount Vernon Restaurant Up For Auction

From the green wooden window shutters to the forks, knives and spoons, the landmark Mount Vernon Restaurant is up for auction. Marc Gravitt, of Gravitt Auction, said there will be an online auction starting Thursday morning and running through Saturday at noon. It will be handled as a "staggered close," he said. The first item will go first, then the second 30 seconds later, ... (click for more)

DACA Or Amnesty To Become The Majority?

As we have the political drama that we see in D.C. let’s be honest about what DACA is all about. We understand as the liberal policies of abortion, dependency on the government and an anti-American globalist / progressive agenda that many have come to realize these policies no longer represent their core beliefs and have left a certain party. Without an influx of new dependency ... (click for more)

Roy Exum: What’s The ‘Super’ Done?

The headline on Jan. 10 in the Times Free Press read, “Report shows Hamilton County students still lagging behind Tennessee peers.” In smaller type underneath, the sub-head added, “Less than 33 percent of county elementary, middle school students read at grade level.” Then, just seven days later, this on Friday, the same newspaper bannered, “Hamilton County Schools superintendent ... (click for more)