GREGORY T. REAGAN, CPA, CFE, CVA, ABV, CFF 205-***-**** Office

**** *** ****** ***** ***** 100 205-***-**** Mobile

Birmingham, Alabama 35203 abo8f7@r.postjobfree.com

Education and Certifications

Honors Graduate, The University of Alabama at Birmingham, Bachelor of Science in Accounting, August 1982.

Member, Beta Alpha Psi (accounting honorary)

Certified Public Accountant (CPA), September 1984

Certified Fraud Examiner (CFE), October 1993

Certified Valuation Analyst (CVA - Business Valuations), November 1997

Accredited in Business Valuations (ABV), May 2007

Certified in Financial Forensics (CFF), June 2008

Career Highlights

President, Reagan Accounting & Consulting Group, P.C., since March 2000

CPA services include audit, accounting, tax planning & compliance, forensic accounting and expert witness

services; business valuations, fraud investigation, fraud prevention, Sarbanes-Oxley act conformity, business plans

and financial projections, business consulting, mergers, sales & acquisitions, strategic planning, management

retreats, and others.

28 years serving clients through progressively-minded public accounting firms, including Big Four international,

regional, and local CPA firms; serving international, regional, and local businesses in both the public & private

sectors

Broad competencies in manufacturing; distribution; contracting; construction; automobile manufacturing and

dealerships; lumber mills; educational institutions; hospitals; physician practices; professional service firms; retail;

real estate development and operations; nonprofit organizations; franchising; and municipal governments.

Primary focus is Forensic Accounting; competencies maintained in all facets of traditional accounting services

Recognized by numerous Judicial bodies as an Expert Witness

Excels as a Solutions Provider creative and innovative problem solver.

Joint-Founder of a farm implement manufacturer in Dothan, Alabama at age 22; worked in every facet of the

business for 5 years; 1976-1980

Expert Witness Services

IRS Criminal case involving a foreign national owned corporation (2009 - Present) Consultation, Reconstructed

Accounting Records, Amended Income Tax Returns

Cash embezzlement within a municipality (2009) Consultations, Report, Testimony

Examination of Special Sales Tax returns and supporting information of a wholesale distribution company in the

successful defense of an audit tax assessment (2009) Report; Testimony

Examination of historical and projected financial information of a municipal government to determine the

feasibility of paying a Court Ordered Judgment (2009) Report

Examination of Trust Account distributions over several years revealing improprieties that were remedied under a

resulting Court Order (2008) Report

Business Valuation of a group of healthcare equipment business services firms in Divorce Litigation (2008)

Calculations & Consultation

Investigated $50 million Colorado ski resort construction contract for billing improprieties that arose in the first

year of construction; demonstrated $1 million in fraudulent billings and Unjust Enrichment by the general

contractor; developed contract modification recommendations; monitored on-going compliance (2008)

Investigation, Calculations, Report, Arbitration Testimony

Hidden Asset Search of an imprisoned former Chief Financial Officer of a publicly traded company following a

high-profile fraud investigation (2007 - 2008) Investigation, Report

CPA Firm Malpractice Litigation in the provision of compilation services; damages calculation (2007 - 2009)

Report; Mediation Testimony

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Gregory T. Reagan, CPA, CFE, CVA, ABV, CFF

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Expert Witness Services - continued

Lost Earnings Damages Calculation for a Physician following a vehicular accident (2007) Report

Business Valuation of a background search business services firm in Divorce Litigation; preparation of personal

financial statement (2007) Calculations & Exhibits preparation; Courtroom testimony

Mediation in a stockholder dispute within a family-owned business involving highly complex corporate structures

and transactions, trust creations, and business sale transactions (2007) Report and Mediation Testimony

Business Valuation of two automotive service businesses in Divorce Litigation (2007) Report

Minority Shareholder Oppression Litigation (2007) Investigation; Report; Mediation Testimony

Fraud investigation in physician s practice; demonstrated theft scheme and documented losses exceeding $200,000

(2006 2008) Report & Courtroom testimony; successful prosecution

Investigated stockholder dispute regarding accounting improprieties in a steel fabrication business; performed a

business valuation, financial statement analysis, business plan development, and consultations; testified in an

Alternative Dispute Resolution; (2006 - 2007) Mediation report and testimony

Investigated a Trade Secrets Abuse Allegation against a public company under U.S. and Alabama statutory

guidelines; demonstrated zero damages through application of all applicable intangible asset valuation

methodologies and the valuation of claimants business Calculations, Business Valuation Reports Assessments

and Recalculations; Business Valuation Report (2006 2007) Report and Deposition

Business Valuation of an automobile body shop family-owned business in divorce litigation; preparation of

personal financial statement (2007) Report and Courtroom testimony

Business valuation of a medical practice, restaurant, investment companies, real estate holdings, family trust,

technology firm, and coal & timber company in divorce litigation; foreign and domestic hidden asset searches

(2007) - Consultations & Calculations

Business Valuation of an asphalt contractor business in divorce litigation; preparation of personal financial

statement; forensic investigation; financial profiling under U.S. Supreme Court guidelines; and hidden asset

searches (2007) Consultations, Report

Business Valuation calculation and consultations regarding conglomerate of construction companies in divorce

litigation (2006 2007) - Consultations & Calculations

Forensic investigation in a multi-national marriage relationship involved in divorce litigation (2007)

Consultations

Investigated alleged Professional Services Contract violation (2007) Calculations and Consultations

Business Valuation of a manufacturing business involving the separation of a Minority Shareholder (2006)

Report

Damages calculation in a Pharmaceutical Manufacturer Patent Infringement Allegation (2001 2005) Report

Identified pre-acquisition fraud in the financial statements of an acquired construction contractor company (2000

2001) Report and Arbitration Testimony

Investigated fraudulent transactions within a Furniture & Appliance Retailer (2000 2001) Report and

deposition

Business Valuation of a Residential Mortgage Company (2000 2001) Report

Business Valuations of Commercial & Residential Real Estate Sales companies, a Real estate development

company, and Real Estate management companies in a Minority Shareholder Dispute Case (1996 1998) Report

and Deposition

Business valuation of a Golf Course and Country Club (1997) Report and Federal Courtroom Testimony

Business Valuation of a Professional Consulting firm in a Divorce Case (1997) Report, Testimony before Special

Master, and Courtroom Testimony

Investigated Employee Compensation Dispute within a retail shoe distributor (1997) - Report

Examined and reported on the feasibility of an Entertainment Organization s Plan of Reorganization as a U. S.

Bankruptcy Court s Court Appointed Examine (1997) Report

Examined and reported on the feasibility of an Metal Fabrication Contractor s Plan of Reorganization as a U.S.

Bankruptcy Court s Court Appointed Examiner (1996) Report

December 2010

Gregory T. Reagan, CPA, CFE, CVA, ABV, CFF

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Expert Witness Services - continued

Investigated dispute between a Retail Food Chain and a Flooring Contractor Contract; Business Valuation (1995)

Report and Deposition

Fraud Investigation in an automobile dealership (1993 - 1994) Report & Exhibits preparation; successful

prosecution

Non-Expert Witness Forensic Accounting Services

Investigated trust agreement violations and accounting improprieties within a family-owned business related to the

sale of corporate assets; consulted with legal counsel regarding resolution strategy and securing historical banking

records for multiple companies (2007 2008)

Facilitated shareholder dispute resolution and buy-out by developing Business Plans and Financial Projections,

preparing a business valuation, and negotiating buy-out financing for the surviving shareholder (2006 - 2007)

Investigated alleged fraud by the CEO of a large K-12 private school; provided financial statement assurance;

designed and documented accounting, finance, and board of directors oversight policies and procedures; developed

a standardized Board of Directors reporting package (2005 2006)

Valued a software development firm and assisted owners in stock buy-out proceedings under the shareholder

agreement (2006)

Investigated high-dollar insurance loss claims for insurance company damages and lost earnings assessments

(2001 2005) Restaurant fire claim; train collision loss claim; and construction site fire loss claim

Investigated alleged improper activities by the former CFO of a large Birmingham healthcare system in

conjunction with the financial statement audit of the health care system by KPMG (2004)

Investigated fraud by a construction contractor (2001)

Investigated fraud at a wholesale distribution company (2000)

Investigated fraud at an automotive service company (1998)

Investigated fraud at an automotive dealership 1996)

Investigated fraud at a truck parts distributor (1994)

Discovered $100,000 financial statement fraud in target company pre-acquisition financial statements and worked

with attorneys in an out-of-court settlement to arrange post-acquisition purchase price adjustment (1988)

Significant Client Service Accomplishments

Assisted legal counsel in successfully persuaded IRS criminal investigators that the non-U.S. Citizen owner of a U.

S. corporation was not guilty of tax evasion by reconstructing accounting records for 8 years and preparing an

explanatory report (2009 2010)

Assisted legal counsel in successfully refuting a criminal charge for theft and cash embezzlement within a

municipal government by identifying mistakes in the exposing experts work and illuminating significant

deficiencies in internal accounting control within the municipality through a thorough fact-finding investigation

(2009 2010)

Gained commendations from and the buy-in of large healthcare investment firm regarding business plan and

financial projections for a new Medical Mall (2008)

Assisted a municipality in avoiding Receivership threatened by material bond trust violations (2007)

Assisted in obtaining bank funding of nearly $1 million through preparation of a business plan and financial

projections for a start-up steel fabrication business (2007)

Assisted in obtaining bank funding of $650,000 through preparation of a business plan for a mature, struggling

import distribution business (2007)

Post-acquisition Consultant: As out-sourced CFO, achieved resolution to numerous major accounting and reporting

problems of a $150 million U. S. corporation following its acquisition by a foreign privately held corporation;

reconciled $90 million general ledger line item to individual assets in the plant; performed asset allocation;

recommended numerous accounting policies and procedures; reported corrections to previously released financial

statements; computed deferred income taxes; facilitated transition of newly hired finance officer; coordinated

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Gregory T. Reagan, CPA, CFE, CVA, ABV, CFF

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Significant Client Service Accomplishments - continued

resolution to capital lease and intangible asset accounting issues raised by Ernst & Young Mexico (2005 2006)

Sarbanes-Oxley Act of 2002 implementation services for a multi-state, Birmingham-based Federal Government

airplane refurbishment contractor conglomerate; project involved controls assessment, documentation design and

creation, segregation of preventive and detective controls, and recommended improvements to internal controls;

identified pre-Ernst & Young audit material weaknesses; documentation design methodology was praised by Ernst

& Young (2003)

Guided consolidated federal contractor through $832,000 contract billing violation initiated by a subsidiary CEO,

securing continuance of government contracts, board of directors credibility, and over 200 jobs; earned

compliments of government regulators, defense contract auditors, legal counsel, board members, and officers

(1998 2002)

Coordinated financial statement audit with PWC Orlando office and led the audit of a telecommunications

consolidated entity; audit was relied upon for target company acquisition price (2000)

Facilitated strategic planning for a $10 million corporation (2000)

Facilitated resolution to disputes regarding consolidated group inter-company service contracts (2000)

Performed a business acquisition due diligence audit; determined purchase price and negotiated the transaction for

a company buying-out a national competitor in Tampa, FL (1999)

Led joint audit of a large mortgage company in Atlanta using Deloitte & Touche s paperless audit software;

prepared financial statements with note disclosures; coordinated work with San Diego office (1998)

Financial institution due diligence examination for prospective acquirer; discovered, documented, and reported

significant understatement of loan loss reserve (1998)

3-Year audit of multi-state heath care provider; prepared all financial statements with note disclosures; Ernst &

Young issued audit opinions based on our work. (1997)

Created an extensive financial model to forecast the cost of renovating an historic building to house a $50 million

science museum, complete with numerous exhibit cost estimates; prepared cash flow projections to predict

financing need (1995 1996)

Developed business plans, intricate financial projections, and financing proposals for an Internet start-up operation,

a physician practice relocating to the Mayo Clinic, a plastic surgery start-up practice, a health services

organization, nonprofit organizations, and wholesale distributors, among others which all resulted in successful

business ventures (1994- 1996)

Worked in conjunction with Ernst & Young in performing a 3-year audit and preparing the financial statements for

an Entertainment company s Initial Public Debt Offering (1996)

Negotiated business sale terms for petroleum equipment distribution company (1996)

Designed and implemented quality control systems for four CPA firms (1989, 1996, 1998, and 2000)

Obtained unqualified opinions, without letter of comment, on all eight (9) SEC and non-SEC peer reviews of CPA

firms compliance with professional standards with respect to accounting & auditing services (1987, 1990, 1993,

1997, 1999, 2001, 2004, 2007, and 2010)

Designed and developed written accounting, finance, and board of directors oversight policies and procedures for a

multi-state ministry and a large community foundation (1996)

Acting CFO for businesses in lieu of employing their own full-time CFOs

Successfully removed penalty assessments for failure to timely file income tax and information returns

Creatively solved complex income tax problems

Facilitated strategic plan among partners to create synergy, resulting in rapid growth and diversification

Counseled boards of directors in effectively discharging their duties regarding oversight of CEOs and CFOs

Developed boards of directors reporting packages to achieve informative reporting and enhance decision-making

December 2010

Gregory T. Reagan, CPA, CFE, CVA, ABV, CFF

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Business Valuations Performed

Asphalt Paving Company

Automobile Body Shop

Automobile Parts Distribution Company

Automobile Repair Service Company

Background Search Services Company

Business Consulting Firm

Commercial Construction Contractor

Commercial Real Estate Sales Company

Computer Software Development Company

Concrete Manufacturer

Country Club

Distribution Company - Importer

Furniture Manufacturer

Healthcare Equipment Sales Company

Industrial Manufacturing Company

Manufacturing Company

National Exposition Company

Personnel Services Company

Petroleum Products Distribution Company

Physician s Practice

Real Estate Mortgage Company

Real Estate Title Company

Residential Real Estate Sales Companies

Retail Book Store

Safety Products Distribution Company

Steel Fabrication Business

Vending/Route Distribution Company

Business Plans with Financial Projections Prepared

Distribution Company Importer

Government Contractor

Medical Mall Complex

Nonprofit Organization

Physician s Practice

Safety Products Distribution Company

Steel Fabrication Business

Publications

Fraud Alert, a bi-monthly publication of Reagan Accounting & Consulting Group, P.C., 2001 - 2004

Birmingham Business Journal, Fraud Prevention Effectively Managing the Risk of Fraud Occurrence, November

2000

Business Alabama, Risk Management: Your Top Priority?, November 1999

Birmingham Business Journal, Environmental Remediation .The Nightmare on Wall Street, October 1995

The Alabama Banker, How Reliable are Those Financial Statements?, May/June 1991

December 2010

Gregory T. Reagan, CPA, CFE, CVA, ABV, CFF

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Industry Experience

Agribusiness Medical Groups & Physicians

Automobile Manufacturers & Dealers Ministries

Banking and Financial Institutions Mortgage Banking

Common Interest Realty Associations Nonprofit Organizations

Construction & Specialty Contractors Professional Service Providers (Various)

CPA Firms Public Companies

Educational Institutions Publishing

Employee Benefit Plans Real Estate Brokerage, Development & Management:

Franchisers Commercial & Residential

Government Contractors Restaurants

Health Care / Physician Practices Retail Trade: Jewelry, Electronics, Hardware,

Lumber Companies & Timber Management Sporting Goods, Building Materials, Supplies, and Others

Manufacturing: Metal Fabrication, Apparel, Telecommunications Companies

Bakeries, Plastic and Rubber, High-tech, Wholesale Distribution: Plumbing, Machinery

Wood products, Cement and Concrete & Equipment, Hardware & Industrial Supplies,

Products, Agriculture and Artificial Floral Safety products, Petroleum Products, and Others

Arrangements Municipal Governments and Utility Services

Consulting and Other Services Rendered

Attestations & Assurance Services

Business acquisition due diligence & negotiation

Business Consulting:

Accounting software selection, design and installation

Bank loan financing and venture capital funding proposals

Business plan development and production

Business sale and acquisition Capital funding proposals & lease/buy decision-making

Corporate structuring/restructuring & troubled business assistance

Creating computer models for budgeting and financial projections

Fraud prevention & investigation, including Sarbanes-Oxley Act of 2002 Compliance

Management information systems development

Quality Control systems design and implementation

Strategic Planning and Management Retreats Business Succession Planning

Litigation support (Expert Witness)

Fraud investigations

Peer Reviews of other CPA Firms

OMB Circular A-133 audits

ERISA audits & compliance

Operational & Management Reviews

HUD audits for nonprofits and real estate partnerships

Planned-giving strategy development

Risk Management Services

Income Tax Planning and Compliance

Speaking Engagements

Lecturer, Auditing, Fraud, and Sarbanes-Oxley Course IMA / ASWA / UAB (Birmingham, AL), 2004

Instructor, Person/Wolinsky CPA Exam Review Course Auditing Section (Birmingham, AL), 2001 2003

Lecturer, Fraud Risk Management - Gifford, Hillegass & Ingwersen, P.C. (Atlanta, GA), 1999

Lecturer, AICPA and ASCPA Continuing Education Conferences (Alabama), 1995 1998

December 2010

Gregory T. Reagan, CPA, CFE, CVA, ABV, CFF

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Speaking Engagements (Continued)

Lecturer, The Impact of Change on Medical Quality Assurance Services - Alabama Quality Assurance Foundation

(Orange Beach, AL), 1997

Lecturer, Planned Giving Strategies - The International Assn. of Financial Planners (Birmingham, AL), 1997

Lecturer, United Way Conferences (Birmingham, AL), 1993 - 1994

Lecturer, Region IV U. S. Dept. of Health & Human Services Conference (Birmingham, AL), 1994

Lecturer, The Statement of Cash Flows Several Birmingham Area Financial Institutions (Birmingham, AL), 1988

Professional Associations

Member, American Institute of Certified Public Accountants (AICPA)

Member, AICPA Business Valuation and Forensic & Litigation Services Section

Member, AICPA Consulting Services Section

Member, Alabama Society of Certified Public Accountants (ASCPA)

Member, Birmingham Chapter of ASCPA

Past Chairman, Accounting Standards Committee, ASCPA

Former Member, Auditing Standards Committee, ASCPA

Member, Association of Certified Fraud Examiners (ACFE)

Member, Alabama Chapter of ACFE

Member, National Association of Certified Valuation Analysts

Member, Convene (a national organization of Christian CEOs)

Former Member, Peer Review Committee, ASCPA

Former Member, Vistage (formerly TEC - The Executive Committee), an international organization of CEOs

Former Member, International Academy of Collaborative Professionals (IACP)

Past President, UAB Accounting Alumni Executive Group

Former Member, Institute of Management Accountants

Civic Activities

Prospective Member, Birmingham Downtown Rotary Club 2011

Chairman, Alabama School of Fine Arts Board of Trustees Subcommittee to Identify Executive Director Qualitative

Characteristics

Member, Alabama School of Fine Arts PTSO Communication Advisory Committee

President, Homewood-Oxmoor Rotary Club, 1996 1997; Member, 1992 2004

Director and Treasurer, Path Clearer, Inc., 2004 Present

Director and Treasurer, Kingdom Ministries, Inc., 2005 - Present

Member, Riverchase Country Club / Men s Tennis Team, 2001 Present / Tennis Pro-Am - 2002, 2008, 2009, 2010

Director, Board President, Past Treasurer, and Advisor, Children s Dance Foundation, 1999 2005, 2009 - 2010

Board Advisor, Hilltop Montessori School, 2000 2005

Board Advisor, Birmingham Children s Choir, 2002 2005

Board Advisor, Living Room Ministries, 2005 2007

Director and Treasurer, Clowns Care, Inc., 2003 2005

Director and Treasurer, Homewood High School Patriot Marching Band, 1996

Director and Treasurer, Homewood Patriot Youth Baseball, 1992 - 1993

Career History

President: Reagan Accounting & Consulting Group, P.C., February 2000 present

Managing Partner: Reagan, Tidwell, Mason & Thomas, P.C., January 1998 February 2000

Partner: LaRocca & Co., P.C., October 1993 December 1997

Partner: Williams, Taylor & Acton, P.C., August 1989 October 1993

Supervisor/Manager: Warren, Averett, Kimbrough & Marino, P.C., July 1987 July 1989

Supervisor: McGriff, Dowdy & Associates, P.A., June 1986 July 1987

December 2010

Gregory T. Reagan, CPA, CFE, CVA, ABV, CFF

Page Eight

Career History - continued

Senior Accountant: KPMG, March 1984 June 1986

Advanced Staff Accountant: Lehman, Ullman & Barclay, August 1982 March 1984

Co-Owner/Employee: Canaan Industries, March 1976 June 1980

Personal Information

Married, Two sons, One daughter

Native Alabamian

Interests: Judeo-Christian faith, reading, family, competitive tennis, music, and various outdoor activities

December 2010

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