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Financial Forensics and Commercial Litigation Services - Expert Witness



400 West Erie Street
Suite 180

Chicago, Illinois 60654

Phone(312) 229-1720


► Contact Michael D. Pakter CPA, CFF, CGMA, CFE, CVA, MAFF, CA, CIRA, CDBV

Expert WitnessForensic ExpertLitigation SupportSpeaker
Mr. Pakter, Managing Member of Gould & Pakter Associates LLC, provides consulting and litigation support services to trial lawyers, trustees, receivers, their clients, business owners and managers and state and local government. He focuses on financial analysis, forensic accounting, economic damages determination, valuation issues and financial investigations. He has experience in financial forensics, determining lost profits, business interruption losses, earn-outs, analyzing financial transactions and balances, fair value issues and reconstruction of falsified and/or incomplete financial information.


Gould & Pakter Associates, LLC:

- Provides financial forensics, commercial litigation services, internal investigations and financial analysis of disputes.

- Calculates lost profits, economic damages, business interruption claims and earn-outs.

- Values closely held businesses for shareholder litigation, family law services, estate and gift tax compliance and bankruptcy and business litigation.

- Traces undisclosed assets, analyzes financial transactions/balances, determines sources of funds used to acquire assets and reconstructs falsified/incomplete financial information.

- Maintains membership in the Forensic and Valuation Services Section of the American Institute of Certified Public Accountants.

- Affiliated with Friedman & Huey Associates LLP, a full service CPA firm providing tax, accounting and business consulting, compliance, planning and advice.

Litigation Support Services

Gould & Pakter Associates, LLC provides expert testimony and litigation support services for both plaintiff and defense.

Areas of Expertise


Mr. Pakter has more than 40 years of experience in accounting, financial analysis, financial forensics and investigations, including more than 20 years of experience in economic damages and business valuation issues.

Mr. Pakter is a Certified Public Accountant, licensed in the State of Illinois. The AICPA has recognized him as additionally Certified in Financial Forensics and Management Accounting. He earned the National Association of Certified Valuation Analysts Certified Valuation Analyst designation and Master Analysts in Financial Forensics having completed its business valuation and business and intellectual property damages specialty programs, respectively.

Courts and arbitral bodies have recognized Mr. Pakter as an expert in accounting, business valuation, financial analysis, economic damages and business economics.

Consulting Practice

All States as well as Federal, State and Local Governments.

Michael D. Pakter CPA, CFF, CGMA, CFE, CVA, MAFF, CA, CIRA, CDBV in the Social Networks

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Professional Experience

For illustrative purposes only, Mr. Pakter's expertise in financial analysis is described in the following areas:

- Economic Damages - Lost profits/earnings; business interruption; actual, compensatory and other economic damages

- Commercial Litigation Support - Discovery assistance; deposition/trial binders; testimony; litigation support

- Forensic Accounting - Financial forensics; analysis of transactions/balances; reconstructing accounting books/records

- Bankruptcy/Distressed Businesses - Fraudulent conveyances; solvency; preferences; plan feasibility

- Investigations - Internal corporate investigations; fraud detection; financial reporting irregularities; employee misconduct

- Valuation Analysis - Contractual disputes; claims; distressed businesses; turnarounds; bankruptcy core proceedings

- Accounting Analysis - Accounting books and records; internal controls; business processes; business performance

- Intellectual Property/Franchise - Copyright/trademark infringement; use of likeness; royalty audits; projections

- Real Estate/Construction - Landlord/tenant disputes; costs of construction; common area expenses; real estate developers

- Wholesale/Retail - Benchmarks; earn outs; inventory; forecasts; financial condition/performance

- Manufacturing/Distribution/Transportation - Cost accounting; charge backs; expense categorization/reduction

- Federal/State/Local Government - Vendor audits; program revenues/costs; false claims


Chartered Global Management Accountant (2012)
Certified Valuation Analyst (2011)
Master Analyst in Financial Forensics (2009)
Certified in Financial Forensics (2008)
Certified in Distressed Business Valuation (2006)
Certified Insolvency and Restructuring Advisor (2002)
Certified Fraud Examiner (1994)
Certified Public Accountant (1988)
Chartered Accountant (1980)


American College of Forensic Examiners - Member
American Institute of Certified Public Accountants - Member of Forensic and Valuation Services Section
Association of Certified Fraud Examiners - Member and Past President of Chicago Chapter
Association of Insolvency and Restructuring Advisors - Member
Chicago International Dispute Resolution Association - Treasurer
Forensic Expert Witness Association - Member
National Association of Certified Valuation Analysts - Practitioner Member
Illinois CPA Society - Accounting Principles Committee (2010-2012); Forensic Accounting Conference Chair (2009-2011); North Shore Chapter Past President; Ethics Committee (1991-1995); Fraud Conference Chair (2005-2009)


Mr. Pakter has more than forty years experience in financial analysis, financial forensics, accounting and internal investigations in diverse engagements and numerous industries. He has participated in public hearings and alternative dispute resolutions, submitted expert reports in several jurisdictions and testified in arbitrations, regulatory proceedings and State, Federal and Bankruptcy Courts.

Mr. Pakter has been recognized by courts and arbitral bodies as an expert in financial analysis.

Seminars & Training

For illustrative purposes only, the following is a sample of presentations Mr. Pakter has given during 2011:

- Composite Manufacturing Company: A Financial (Mis)Statement Case Study – Bankruptcy Law Firm; Loyola University; and The Chicago Bar Association

- Unique Forensic Accounting Issues Involving Organized Crime - Learnucopia

- Annual Forensic Accounting Update - ICPAS Chapter

- Janis Joplin's Yearbook, Ex Ante, Ex Post and Other Essential Elements of Measuring Benefit Streams in Determining Economic Damages - ICPAS Forensic Accounting Conference
- Economic Damages: Non-Competition and Other Claims: Establishing Lost Profits Damages in the Context Of a Violation of a Non-Compete Agreement Law Firm; and Loyola University


Bachelor of Commerce - Witwatersrand University, South Africa (1974-1976)
Bachelor of Accountancy - Witwatersrand University, South Africa (1977-1979)
Bankruptcy Mediation Certificate Program - DePaul University (2000)
Construction Management Certificate Program - DePaul University (2007)
Continuing Education - including AICPA, ICPAS, ACFE, AIRA, NACVA (1986 - present)

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