Diane Womack is a managing director with Baker Tilly’s forensic, litigation and valuation services practice. As a forensic accountant, Diane relishes the challenge of finding answers to financial issues and working with clients to find solutions. With more than 20 years of litigation and accounting experience, specializing in forensic accounting, valuation and business damages. She works with attorneys and their clients to analyze complex financial issues associated with commercial and matrimonial disputes.
Diane provides specialized services in matters involving white collar crime, breach of contract, shareholder disputes, business interruption claims and business valuation issues.
She performs financial investigations for companies in matters related to fraud, misappropriations, and revenue recognition, as well as valuations in connection with shareholder disputes, purchase and sales transactions, and for estate and gift taxes.
- Investigation of a publicly traded company in connection with financial statement fraud allegations. Examination of records for a network of companies involved in fraud and identification of circular transactions used to inflate revenue
- Discovery and documentation of mechanics of a $7 billion Ponzi scheme. Tracing funds through 40 entities including more than 20 real estate developments and identification of the use of funds and the location of remaining assets
- Breach of trust investigation performed in connection with a purported conflict of interest between a bank acting as trustee for bondholders while also financing the bankrupt company
- Valuation and solvency analysis performed in a bankruptcy litigation to validate transactions and acquisitions made by a major food distribution company prior to its bankruptcy filing
- Forensic investigation of transactions associated with real estate development. Identification and documentation of misappropriations and inappropriate transactions
- Review and analysis of tax deductions claimed in connection with corporate divestiture. Worked with the U.S. Attorney’s Office and Department of Justice on issues involving validation and classifications of costs and development of the settlement
- Financial analyses and business valuations in connection with lost profits calculations, business interruption claims, due diligence, shareholder disputes, estate litigations and buy-sell agreements
- American Institute of Certified Public Accountants, member
- Association of Certified Fraud Examiners, member
- Florida Institute of Certified Public Accountants, member
- The Florida Bar, associate member
- The Collaborative Family Law Group of Central Florida, member
- Orange County Bar Association, associate member
- Tampa Bay Collaborative Law Group, member
- AICPA/AAML 2016 Divorce Conference Committee, member
- Florida Executive Women, member
- New Image Youth Center, board of directors
- Diane is qualified as an expert witness in Federal and State Court. She has provided expert services and testimony in matters involving white collar crime, breach of contract, shareholder disputes, business interruption claims, lost profits, damage claims, business valuation issues and matrimonial disputes
- Diane has written and spoken on the topics of valuation, dispute resolution and Daubert challenges
- “Ethical Conundrums”, AICPA/AAML 2016 Divorce Conference, May 2016
- “Expert Exclusions Under Daubert” Florida Law Business Law Section Seminar, August 2014
- “Expert Challenges under Daubert –Florida’s New Standard”, Florida Bar – Panel Discussion Leader, August 2013
- “Daubert Challenges”, AAML – 35th Annual Institute, May 2013
- “Daubert & Frye Challenges”, Florida Law Business Law Section Seminar, September 2012
- Certified Public Accountant, Florida and New York
- Accredited in Business Valuation
- Certified in Financial Forensics
- Certified Fraud Examiner
Education
Bachelor of Arts in accounting and English
City University of New York, Queens College