Paul Cadorette is a managing director with Baker Tilly’s forensic, litigation and valuation services practice. For 30 years, Paul has been solving accounting puzzles, working with insurance professionals and attorneys to provide objective, reliable quantifications of economic damages. Recognized for his steady hand and sage judgment, Paul has worked on a variety of loss scenarios, including property loss, business interruption, third-party losses, litigation support and subrogation
Paul focuses on investigative accounting to analyze and measure complex damages, delivering thorough expert reports and experienced testimony when needed. His experience spans many industries, giving him an understanding of the needs specific to each type of claim and industry segment. Experience ensures he knows what to ask, when to ask it, and where to look if information can’t readily be found, which enables Paul to anticipate and mitigate issues and obstacles that often arise in claim or case resolution.
- Providing forensic accounting analysis and valuation of an oil and gas company in fraud and bankruptcy proceedings. During a comprehensive financial analysis of the company’s records, we found the CEO had been loaning company funds to his other companies, as well as recording revenue for projects that were never completed. At the completion of our analysis, it was determined the CEO had misused company funds and left it strapped for cash, forcing it into high interest loan arrangements. Ultimately, the analysis revealed the CEO owed the company U.S. $1.7 million
- Assisting in the valuation of a complex accounting of property, business interruption and extra expense claims totaling more than U.S. $15 million when a fuel farm fire at an international airport destroyed three million gallons of jet fuel and nearly crippled a major carrier’s fleet of planes when fuel was unavailable on one of the busiest travel weekends of the year
- Quantifying property and business interruption losses for a major mining facility when an ore crusher broke down. The business interruption costs were offset by alternative extraction processes until the machinery could be repaired
- Following Hurricane Ike, a hospital facility was severely damaged resulting in one campus being closed. The firm was engaged to quantify the losses from the closures, including lost earnings and extra expense. The claim eventually went to litigation
- Quantifying the losses in a personal injury case, we evaluated the financial implications in the case. The claimant asserted cognitive issues following the accident resulting in lost earnings. Our evaluation found that actual earnings after the accident were higher than before the incident
- American Institute of Certified Public Accountants, member
- Colorado Society of Certified Public Accountants, member
- National Association of Certified Fraud Examiners, member
- Paul has delivered deposition and trial testimony in numerous cases in county, U.S. district and federal courts
- Paul has developed and presented seminars on various loss measurement topics. Paul also assists the International Association of Defense Counsel's annual Trial Academy as a damages expert witness
- “Cross Examining the Financial Expert: Strategies to Strengthen Your Case,” private law firm seminar, September 2013
- “Brewery Losses: The Basics of Business Income Losses,” private industry seminar, June 2013
- “Current Trends in Business Income Claims,” private insurance seminar, 2012
- “Hostile la Vista,” Claims Management, January 2011
- Certified Public Accountant
- Certified in Financial Forensics
Location
Denver, CO
Education
Bachelor of Science in business administration and accounting
California State University at Northridge Institution