Bringng a different solution to the table.
About Dr. Casparis
Professional Certifications
Academic Publications & Presentations
Professional Certifications
Certificate to practice Public Accountancy (CPA):
Granted after examination by the Texas State Board of Public Accountancy, September 1990
Certified Valuation Analyst (CVA):
Granted after examination by the National Association of Certified Valuation Analysts, April 1999 - December 2023
Certified Forensic Accountant (Cr.FA):
Granted after examination by the American College of Forensic Examiners International, November 2003
Diplomate of the American Board of Forensic Accounting, April 1998
Fellow of the American College of Forensic Examiners, April 2001
Accredited in Business Valuation (ABV):
Granted after examination and the fulfillment of Business and Lifetime Learning Experience by the American Institute of Certified Public Accountants, November 2005
Certified in Financial Forensics (CFF):
Granted after the fulfillment of Business and Lifetime Learning Experience by the American Institute of Certified Public Accountants, August 2008
Certified Information Technology Professional (CITP):
Granted after the fulfillment of Business and Lifetime Learning Experience by the American Institute of Certified Public Accountants, January 2009
Education
Academic Publications & Presentations
Professional Certifications
BAYLOR UNIVERSITY, May 1978
B.B.A. in Economics
Member of Omnicron Delta Epsilon (Honor Society in Economics)
UNIVERSITY OF TEXAS OF THE PERMIAN BASIN, December 1995
M.B.A. in Management
Member of Who’s Who in Accountancy and Information Systems
NOVA SOUTHEASTERN UNIVERSITY
D.B.A. in Information Technology Management (all but dissertation)
Dissertation studying “Bifurcating (Splitting) the Personal and Enterprise Value of Physician Goodwill in Medical Practices: A Quantitative Model”
EUROPEAN-AMERICA UNIVERSITY
D.B.A. - Business
Academic Publications & Presentations
Academic Publications & Presentations
Academic Publications & Presentations
“Best Practices: Integrating Business & Information Technology Strategy in a Business Process Improvement Framework”, Society of Logistics & Engineering 2000
“The Unsolicited Electronic Mail Act of 1999: A Federal Policy Analysis Using the Wallace S. Sayre Model”, 1999
“Anheuser-Busch Companies: A Strategic Analysis of the Beer Industry”, 1999
“Modeling the Virtual University for Continuous Improvement in Education: A Proposal for Assessment”, 1998
“Methods for Assessing Competitive Intelligence: Source Credibility Attribution Issues”, 1997
“The Theory of Purchasing Power Parity (PPP): Fact or Fiction in the 1990’s”, 1997
More about Dr. Casparis
Professional Publications & Presentations
Professional Publications & Presentations
Professional Publications & Presentations
“Forensic, Litigation and Valuation Discussion Panel” presented on behalf of the Student Auxiliary of the Houston CPA Society, March 2017.
“The Hidden Costs of Doing Business” presented to Be Tomball Ready, a committee of the Greater Tomball Area Chamber of Commerce, March 2017.
“Fraud and Forensic Round Table discussing Ethics and Individual Integrity in the Investigative Process: presented to the University of Houston Student Association Members of the Association of Certified Fraud Examiners, September 2014.
“A Forensic Discussion about Risk, the General Control Environment, and What It Means to the Business” presented to Be Tomball Ready, January 2014
“Trust, but Verify: A Forensic Discussion about Audit Risk, the General Control Environment, and What It Means to the CPA and Corporate Practitioner” presented for Continuing Educations on behalf of the Texas Society of Certified Public Accountants CPE Foundation, November and December 2012.
“International Corporate Compliance Issues”, presented in concert with Burleson, LLP for MCLE and CPE, November 2012.
“The Forensic Examiner’s Role in Risk Management and Compliance” presented at the American College of Forensic Examiners Annual Conference, October 2012.
“Forensic Accounting: An Introduction for CPAs” presented for Continuing Professional Education on behalf of the Houston CPA Society, May 2012.
“Sayre Wheel – Analytical Model” presented to the Leadership North Houston Legislative Session, February 16, 2012.
“Forensic Accounting” presented for Continuing Professional Education on behalf of the Houston CPA Society, February 2012.
“Anti-Corruption Compliance – Building and Demonstrating International Compliance” in The Association of Energy Service Companies publication, Well Servicing Magazine, November/December 2011.
“Forensic Accounting Hot Topics Panel Discussion” presented at the American College of Forensic Examiners Annual Conference, October 2011.
“Anti-Corruption Compliance – What did they Do? Case Studies” in The Association of Energy Service Companies publication, Well Servicing Magazine, July/August 2011.
“Anti-Corruption Compliance – The Ever Changing Landscape: Part One” in The Association of Energy Service Companies publication, Well Servicing Magazine, May/June 2011.
“Targeting Your Forensic Investigation Using Benford and Other Related Studies in Your Data Analytics” presented at the American College of Forensic Examiners Annual Conference, September 2010.
“Understanding and Leveraging on Generational Differences in the Workplace: Are You Up to the Task?” presented at The Association of Energy Service Companies Annual Winter Meeting, February 2009.
“Improving Employee Productivity” published in The Association of Energy Service Companies publication, Well Servicing Magazine, November/December 2008.
“Succession Planning for CPAs: We’re Not Talking about Taxes Here” presented for CPE on behalf of the Texas Society of Certified Public Accountants CPE Foundation, November and December 2008.
“Employee Turnover: Can you recognize and calculate the high costs of hiring?” published in The Association of Energy Service Companies publication, Well Servicing Magazine, July/August 2008.
“Business Valuations and the Certified Public Accountant: Traps, Pitfalls and Opportunities” presented for CPE on behalf of the Texas Society of Certified Public Accountants CPE Foundation, November and December 2007
“CPAs and Valuation Services: Pitfalls and Opportunities” presented for CPE on behalf of the Texas Society of Certified Public Accountants CPE Foundation, November and December 2004
“Valuation and Damage Models for Patents and Trademarks” presented for MCLE to the Houston Bar Association, February 2003
“Valuing Family Limited Partnerships” presented for MCLE and CPE on behalf of the Midland Memorial Foundation’s Estate Planning Conference, May 2002
“Valuing Intangible Assets: Looking for the Unseen” presented for MCLE on behalf of the Houston Bar Association, On-Line and Computer Law Section, April 2002
“Expert Witnesses: What Are CPAs Good For?” presented for MCLE on behalf of the Ector County Bar Association, February 2002
“An Introduction to Wrongful Death and Personal Injury” presented for CPE on behalf of the Dallas Chapter of the Texas Society of Certified Public Accountants, October 2001
“Lawyers and CPAs: Working Together in Litigation and Other Times” presented for MCLE and CPE on behalf of the Permian Basin Chapter of Certified Public Accountants, May 2001
“Litigation Support Services: An Overview” presented for CPE on behalf of the Permian Basin Chapter of Certified Public Accountants, August 1999
Work Experience
Professional Publications & Presentations
Professional Publications & Presentations
April 2025 - Present
Managing Member of Aspisverd, LLC
Manufacturing
January 2017 – Present
Managing Member – Forensic, Litigation & Valuation Services, PLLC
February 2008 – January 2017
Shareholder–Forensic, Litigation & Valuation Services, Fitts Roberts & Co., P.C.
February 2006 – February 2008
Manager–Forensic, Litigation & Valuation Services, UHY Advisors FLVS, Inc.
March 1998 – February 2006
Sr. Manager–Forensic, Litigation & Valuation Services, Elms, Faris & Company, LLP
¨ Performed complex business valuations for capital funding, mergers, acquisitions, financing, buy-sell agreements, litigation, gifting, income tax planning, estate tax planning, and final estate valuations.
¨ Developed basic research, economic and statistical models, and testified as an economic and accounting expert in cases regarding commercial damages, executive compensation, tracing and characterizing, wrongful death, and personal injury litigation.
¨ Developed basic research, economic and statistical models, executed the Benford studies, and testified as an economic and accounting expert in cases regarding forensic investigations involving fraud, theft, collusion, and misappropriation of funds.
¨ Other services include the examination of 401(k) holdings, Summary Plan Description (SPD) compliance, the analysis and determination of professional good will (personal good will), and practice good will.
¨ Litigation, investigative, and consulting experience includes the following industries ranging from proprietorships to Fortune 500 corporations: hospital operations, physician practices, home health care, banking and finance, equipment manufacturing, reconditioning, oil and gas operations, oil and gas services, information technology, patents, competitive intelligence, commercial printing, legal practices, compressed gasses distribution, internet service providers, computer sales and service providers, real estate development, real estate rental property, construction, used car dealerships, ranching and farming, hotel and motel services, paving and highway construction and maintenance, confectionery, advertising and promotion, international operations and commercial trucking.
¨ Litigation, valuation and tracing engagements of specific interest include:
§ Developed a valuation model calculating the enterprise value of a two-partner boutique law firm encouraging the opposing party to offer an additional $2.5 million to settle.
§ Data examination regarding a $32 million contract dispute. Scoped the investigation and examined internal data from a Fortune 500 Company to opine regarding a contract compliance matter. The work product encouraged the Fortune 500 Company to settle the matter.
§ Financial expert for the defense of a multi-national client in a commercial damages case involving alleged damages of $42 million with a jury decision after a three-week trial for the defendant
§ Consulting with an appraisal district to determine the value of a merchant energy electric power generating plant appraised with values ranging from $178 to $240 million. The agreed settlement value was $220 million.
§ Saved a Mid-Fortune 500 Client $500,000 in fees on a three-month document examination pursuant to a Foreign Corrupt Practice Act (FCPA) investigation.
§ Providing General Control Reviews (Fraud Risk Assessments) and implementations of control environment protocols for multiple clients in various industries.
§ Traced and Characterized over 45 Bank and Brokerage Accounts spanning over 28 years and over ten entities for the largest client of the oldest private trust company in Nevada to establish the character of current assets.
February 1988 – March 1998
Corporate Controller/IT Administrator for Business Investment & Development Corp.
¨ Performed the CFO functions of the firm since there was no named officer.
¨ Managed the financial and managerial accounting infrastructure for a consolidated group of corporations in multiple states including twenty-three wholly owned subsidiaries and their related inter-company account balance eliminations and consolidations.
¨ Managed the human resource, compensation, compliance, and reporting function of the entire consolidated group of corporations particularly regarding deductions and remittances for bi-weekly payroll, 401(k), cafeteria plan, credit union, and statutory federal and state agencies. Registered by Texas during tenure as a third party administrator.
¨ Developed the methodology for and managed the development of proprietary software used by the corporation’s wholly owned and franchised locations in the reporting and management of collateral recovery franchises in multi-state locations.
¨ Performed the due diligence and made recommendations regarding the purchase price and subsequent acquisition of a grandfathered Texas Managing General Agency (MGA) from the Resolution Trust Corporation.
¨ Assisted corporate and independent counsel in forensic and economic research, investigating franchisee operations, and preparing documents for and related to litigation.
¨ Consolidated group of corporations included the following industries: multi-state franchising, setting franchise royalty rates, setting software license fees, real estate development, commercial printing, finance, insurance sales, real estate sales and leasing, risk management, business investment and development, collateral recovery, car dealerships, motorcycle dealerships, recreational vehicle dealerships, software development and sales, information technology support, and business management.
August 1985 – February 1989
Casparis & Associates, Proprietor
¨ Recruited, trained, and managed a securities and insurance sales force of over fifty individuals.
¨ Researched and developed the marketing plan and customer base to support three-office insurance and securities sales and service organization in West Texas.
¨ Designed and implemented business plans, secured financing, and advised a myriad of businesses including ostrich farming, manufacturing, automotive repair, medical practice management, and home health care.
¨ Consulting research expert primarily for defense law firms specializing in “hard to find third party information.”
¨ Agency included Series 6 and 63 licenses, Group 1 life and health insurance, local recording agency for property and casualty insurance, and management and litigation consulting.
February 1983 – August 1986
Repair Center Controller for Ingersoll Rand Corporation
¨ Managed the integrity of the general ledger and subsidiary ledgers including work in process, payroll, personnel, and management reporting for the Midland, Texas repair center facilitating more profitable bids and overall larger repair center profitability.
¨ Collected past due accounts receivable.
¨ Worked with corporate programmers to debug proprietary software applications running at the repair center level of operations to ultimately be installed on a national level.
August 1982 – February 1983
Real Estate Developer and Office Manager for Paul Rochester Investmants and Developments
¨ Developed proprietary spreadsheet technology to forecast real estate development projects, interim financing, and end-loan needs for pro-forma packages used in analyzing properties for acquisition.
¨ Coordinated architects, engineers, contractors, municipalities, savings and loans, banks, and marketing agencies to develop real estate concepts, secure interim financing, bid construction contracts, and lease and/or sell properties.
¨ Managed the day-to-day operations of a private investment business including a portfolio of stocks, bonds, and money markets.
¨ Assumed direct management of three development properties to timely complete the projects.
¨ Anticipated and planned for the demise of the Texas real estate market and of the organization.
August 1981 – August 1982
Assistant Controller for Gipson's Distributors
¨ Directly managed a $120 million a year cash flow for thirteen West Texas store locations including advancing and paying down a self-liquidating inventory line of credit.
¨ Directly responsible for converting the accounts payable and accounts receivable systems on schedule and the staff to manage the same.
¨ Directly responsible for preparing the monthly financial statements and management reports on a consolidated and store-by-store basis and the staff to manage the same.
¨ Directly responsible for year-end inventories and the staff to manage the same.
¨ Directly responsible for securing real estate for the Odessa West side store location.
¨ Advised against executive management using the self-liquidating inventory line of credit for capital acquisitions.
June 1980 – August 1981
Assistant Controller for Abbott Building and Development Companies
¨Directly responsible for the conversion of the company’s financial and construction accounting software application, twice.
¨ Directly responsible for the company’s Houston, Texas and Lafayette, Louisiana development and construction financial and management accounting activities.
¨ Directly responsible for the principal’s partnership accounting and reporting operations including real estate rentals, a convenience store, and gas station.
¨ Coordinated the financial and accounting for the real estate development company and assisted the developer in developing and marketing Fairmont Park, a sizable parcel in Midland, Texas.
¨ Assisted the controller in preparing financial proformas used in obtaining financing for real estate development.
January 1980 – June 1980
Property Accountant for HNG Oil
¨Prepared AFE analysis and recorded property transactions related to oil and gas leaseholds.
¨ Inventoried and reconciled assets recorded on properties in South Texas.
January 1979 – January 1980
Staff Accountant for Medical Center Hospital
¨Prepared month-end accounts payable accruals classified by general ledger account number.
¨ Inventoried the operation room supplies and reconciled the physical count to the general ledger.
¨ Investigated central supply irregularities on an ad hoc basis.
¨ Assisted independent auditors.
July 1978 – January 1979
Colateral Control Clerk for Western National Bank
¨Maintained physical control of security documents for installment and demand notes.
¨ Performed physical counts on floor-planned inventory.
¨ Maintained collateral security checklist for installment and demand notes to assure UCC-1 filings were maintained timely.
January 1977 – July 1978
Part-time Estimator for Young Brothers Contractors, Inc.
¨ Estimated quantities of material related to highway and subdivision construction including HMAC, stabilizing base, and concrete for bridges, gutters, and sidewalks.
¨ Assisted lead estimator in estimating labor.
¨ Measured quantities of construction in progress for progress billing of contracts.
January 1976 – January 1977
Part Time Child Care Worker at the Methodist Childrens' Home
¨Supervised under-eighteen male and female tenants of the behavioral modification ward in daily activities and family visits.
¨ Monitored medication compliance, charted behavior in tenant’s files and attended staff meetings to discuss treatment plans.
Civic & Volunteer Activities
Professional Publications & Presentations
Civic & Volunteer Activities
Board Member of the Make-A-Wish Foundation
Co-Chairman of Junior Leadership Odessa
Graduate of Leadership Odessa
Chairman of Leadership Odessa
President of the UTPB Alumni Association
Odessa City Council Representative for District Three
Member of the City of Odessa Finance Committee, City of Odessa
Member of the Inter-governmental Relations Committee, City of Odessa
Member of the Education Committee for Mensa
Vice-President of the Goodwill of Odessa Advisory Board
President of the Goodwill of Odessa Advisory Board
Founding Chairman of the Goodwill Golf Tournament
Member of the President’s Group of Thirty Visioning Team for UTPB
Member of the Greater Tomball Area Chamber of Commerce Mobility and Transportation Committee
Member of the Greater Tomball Area Chamber of Commerce Government and Legislative Affairs Committee
Vice-Chairman of Economic Development of the Greater Tomball Area Chamber of Commerce
Member of the Chancellor’s Global Business Advisory Council for Lone Star College
Chair-Elect of the Greater Tomball Area Chamber of Commerce
Interim Board Member of the SH249 Partnership
Founding Board Member of the SH249 Partnership
Secretary of the SH249 Partnership
Chairman of the Greater Tomball Area Chamber of Commerce
Member of the Tomball Rotary Club
Tomball Rotary Club Board Member for Club Service
Board Member of the Angelina Arts Association
Treasurer of the Angelina Arts Alliance
Member of the Executive Council of the Angelina Arts Alliance
Member Hearts for Honduras Missions Team
Board Member of the Hearts for Honduras
More about Dr. Casparis
Professional Activities
Professional Activities
Professional Activities
Member of the Council of Petroleum Accounting Society
Member of the Odessa Chamber of Commerce
Member of the Mexican Trade Delegation
Member of the Texas Society of Certified Public Accountants
Member of the American Institute of Certified Public Accountants
Member of the National Association for Business Economists
Member of the National Association of Forensic Economics
Member of the Texas Bar Association Professionalism Enhancement Program
Member of the Texas Society of Certified Public Accountants Board of Directors
Member of the Litigation Service Member Section of the Texas Society of Certified Public Accountants
Co-editor of Litigation Clippings, the quarterly publication of the Litigation Service Member Section of the Texas Society of Certified Public Accountants
Chairman of the Steering Committee for the Litigation Service Member Section of the Texas Society of Certified Public Accountants
Board Member of the Texas Society of Certified Public Accountants
Chairman of the TSCPA Task Force for comment on the AICPA Business Valuation Standards
Fellow of the American College of Forensic Examiners International
Diplomate of the American Board of Forensic Accountants
Advisory Board Member of the American Board of Forensic Accountants
Chairman of the American Board of Forensic Accountants
Board Member of the America College of Forensic Examiners International
Academic Activities
Professional Activities
Professional Activities
Adjunct Instructor for Angelina College teaching:
Business Principles
Principles of Management
Business Communication and Report Writing
On-Line Faculty Instructor for the University of Phoenix teaching Graduate Courses in:
Advanced Accounting Information Systems
Managerial Accounting and Finance Foundations
Finance for Managerial Decision Making
Advanced Problems in Finance
Finance for Managerial Decision Making
Accounting and Finance for Managerial Decision Making
Adjunct Instructor at Odessa College teaching:
Introduction to the Internet
Introduction to Web Page Design
Personal Federal Income Tax
Consultant for the Small Business Development Center at Angelina College
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Forensic, Litigation & Valuation Services, PLLC
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