Eric Sherman is a principal with Baker Tilly’s forensic, litigation and valuation services practice. For Eric, forensic accounting was the ideal career, offering a unique perspective from which to experience many types of matters and industries. He has nearly two decades of accounting and consulting experience working with banks, insurance companies and attorneys to provide loss accounting support, due diligence, measurement of economic damages, litigation support and fraud investigation.
In the legal arena, Eric has consulted on the financial implications and economic losses in both insurance and commercial litigation matters, including breach of contract, shareholder disputes and personal injury cases.
Eric is an advisor for his clients, guiding them through complex financial issues. He has been engaged on assignments in a number of industry segments, including manufacturing, hospitality and service oriented businesses.
- In a builder’s risk claim, quantifying the soft costs incurred as a result of damage caused by Hurricane Wilma to a $60 million construction project located in Ft Lauderdale. The project was near completion but, as a result of severe property damage, the final construction was delayed for an extended period of time. As a result, the insured incurred significant additional soft costs approximating $3 million including increased financing / interest costs, marketing expenses to mitigate potential lost revenue and other increased operating costs. Additionally, we assisted in reviewing pre-event and post-event construction scheduling to ascertain the effects of the delays and also assisted with the overall measurement of the additional hard construction costs
- Providing accounting due diligence in a loan transaction for a large multi-family complex in Oregon. This transaction was highly levered with a loan to value ratio exceeding 95%. During the course of the analysis, we discovered that the property manager, whose compensation was partly based on occupancy, was falsifying lease terminated and the lender walked away from the transaction avoiding a potential bad loan
- In a builder’s risk claim, quantifying the soft costs incurred as a result of damage caused by Hurricane Wilma to a $60 million construction project located in Ft Lauderdale. The project was near completion but, as a result of severe property damage, the final construction was delayed for an extended period of time. As a result, the insured incurred significant additional soft costs approximating $3 million including increased financing / interest costs, marketing expenses to mitigate potential lost revenue and other increased operating costs. Additionally, we assisted in reviewing pre-event and post-event construction scheduling to ascertain the effects of the delays and also assisted with the overall measurement of the additional hard construction costs
- Providing accounting due diligence in a loan transaction for a large multi-family complex in Oregon. This transaction was highly levered with a loan to value ratio exceeding 95%. During the course of the analysis, we discovered that the property manager, whose compensation was partly based on occupancy, was falsifying lease terminated and the lender walked away from the transaction avoiding a potential bad loan
- American Institute of Certified Public Accountants
- Eric has participated in the International Association of Defense Counsel Trial Academy at Stanford University as an expert witness. He has also provided expert testimony and consulted with attorneys for deposition consultation on a variety of litigious issues
- Certified Public Accountant, North Carolina
- Certified in Financial Forensics
Location
Charlotte, NC
Education
Bachelor of Science in accounting
West Virginia University Institute of Technology