Pasquale Rafanelli, CPA/ABV, ASA, CVA/CBA/MAFF, CFE, CDFA®, is a Senior Manager at Empire Valuation Consultants. Pasquale brings more than 13 years of experience providing business valuation, forensic accounting and advisory services to closely held companies, attorneys, accountants and financial professionals. He has performed valuations and forensic examinations of various classes of equity, general and limited partnership interests, carried interest, limited liability company membership interests, C-Corporations, S Corporations, stock options and warrants. These valuations and forensic examinations have been for purposes included gift and estate planning, employee stock ownership plan administration, other corporate planning and reporting, buy/sell, merger and acquisitions, family law matters, business damages, lost profits, corporate litigation, and shareholder disputes. Pasquale received his BS degree in Accounting with a minor in criminal justice and his MS with a concentration in information systems from LIU – C.W. Post University.
Professional Designations
• CPA – Certified Public Accountant
• ABV – Accredited in Business Valuation
• ASA – Accredited Senior Appraiser
• CFE – Certified Fraud Examiner
• MAFF – Master Analyst in Financial Forensics
• CBA – Certified Business Appraiser
• CVA – Certified Valuation Analyst
• CDFA® – Certified Divorce Financial Analyst
• Qualified to serve as Accountant to Receiver pursuant to NYS Part 36
• Trained and qualified to serve in Collaborative Matters
• Trained in mediation to act as a Mediator
Professional Associations
• AICPA – American Institute of Certified Public Accountants
• NYSSCPA – New York State Society of Certified Public Accountants
• ASA – American Society of Appraisers
• ACFE – Association of Certified Fraud Examiners
• NACVA – National Association of Certified Valuators and Analysts
• IDFA - Institute for Divorce Financial Analysts
• NYACP – New York Association of Collaborative Professionals
Education
• Bachelor of Science, Accounting, minor in Criminal Justice Long Island University, C.W. Post, 2006
• Master of Science, Accounting, concentration in Information Systems Long Island University, C.W. Post, 2007
Trial Testimony
• New York State Supreme Court – Suffolk County
Employment Background
• Empire Valuation Consultants, LLC, New York - 2019 to Present- Senior Manager – Forensic, Litigation and Valuation Services
• Baruch College - 2016 – Present, Adjunct Professor
• Pace University - 2018 – Present, Adjunct Professor
• Grassi & Co., CPAs, P.C. –
2018 – 2019, Senior Manager – Forensic, Litigation and Valuation Services
2014 – 2018, Manager - Forensic, Litigation and Valuation Services
• Berdon, LLP - 2014-2014, Supervisor - Forensic, Litigation and Valuation Services
• Gettry Marcus, CPA, P.C. - 2010-2013, Senior Staff - Forensic, Litigation and Valuation Services
• Baker Tilly Virchow Krause, LLP (formerly known as Holtz Rubenstein Reminick, LLP) 2007-2010, Senior Staff – Litigation and Valuation Services Group
Professional Activities
• National Association of Divorce Professionals
• Founding member of Suffolk chapter, 2018 – present
• Director of Suffolk chapter, 2019 - present
• National Association of Certified Valuators and Analysts
• Ethics Oversight Board, 2017 – 2018
• CVA Exam & Grading Committee, 2015 - 2018
• American Institute of Certified Public Accountants
• ABV Exam Task Force, 2018 - present
• ABV Awareness Task Force, 2020 - present
• Mentorship Task Force, 2018 - 2020
• New York State Society of Certified Public Accountants
New York Chapter
• Business Valuation Committee, 2015 - present
Suffolk County Chapter
• Co-Chairman Forensic and Valuation Services Committee, 2015 - present
• Board Member, 2011 – 2013
• Chairman of the Cooperation with Attorney’s Committee, 2012 - 2013
• Co-Chairman Young CPA Committee, 2010 – 2012
Nassau County Chapter
• Chairman Forensic and Valuation Services Committee, 2015 – present
• Board Member, 2016 – 2017
Awards
Long Island Business News
• Named best 40 under 40, 2016
Articles
• Discounts on Family Limited Partnerships - The IRS is Challenging the Appropriateness of Discounts when Preparing a Valuation, NACVA Quick Reads, December 23, 2015
• Case Study (Part I): Applying and Assessing The Capitalization Rate, The Value Examiner, March/April 2016
• Case Study (Part II): Applying and Assessing The Capitalization Rate, The Value Examiner, May/June 2016
• Five Action Steps to Verify the Financials of a Cash Business, Business Valuation Update, Vol. 23, No.4, April 2017
• Long Island Business News - The Big Boom, quoted in April 2018 article
• Long Island Business News - Up and Away, quoted in April 2018 article
Speaking Engagements
• The Mystery that is Valuation: Intellectual Property – CLE conference, Memphis Tennessee, November 4, 2015
• Valuation Case Study – AICPA Conference, November 8, 2015
• The Mystery that is Valuation: Mergers and Acquisitions – Nassau County Bar Association, March 31, 2016
• Discounts on Family Limited Partnership–The IRS is Challenging the Appropriateness of Discounts when Preparing a Valuation, Webinar with NACVA, June 28, 2016
• Valuation Case Study – Market Approach – Guideline Public Company Method – AICPA
• Conference, November 6, 2016 – November 8, 2016
• General Valuation Track – DLOMs: A Comparison of Methods for Quantification - AICPA
• Conference, November 6, 2016 – November 8, 2016
• Valuation Case Study – Case Study Wrap-up– AICPA Conference,
• November 6, 2016 – November 8, 2016
• Demystifying a Valuation Report – Getting Behind the Numbers, CLE, April 11, 2017
• Courtroom Confidential: Solutions to Real World Valuation Problems, BVR Webinar May 10, 2017
• Valuing Small Business: Part I: An In-depth Analysis, BVR Webinar, November 28, 2017
• Valuing Small Business: Part II: A Valuation Case Study, BVR Webinar, February 22, 2018
• Discount for Lack of Marketability, NYSSCPA, New York City Chapter, February 22, 2018
• Business Valuation in the Context of Insolvency, NYS Bar Association, May 24, 2018
• Business Valuation in the Context of Insolvency, Nassau County Bar Association, October 25, 2018
• Clawbacks and Creditors: The Valuators Role in Bankruptcy, BVR Webinar, May 30, 2019
• Demystifying the Complex World of Discounts for Lack of Marketability, BVR Webinar, October 24, 2019