Walter A. Stosch, MBA, CPA

Walter Stosch is a Principal Consultant with Stosch, Dacey & George, P.C. He specializes in litigation consulting and forensic accounting services including business valuations and economic damages. He is also a retired partner of the national CPA firm, Deloitte Touche.

Mr. Stosch has performed business valuations during the course of his career as a certified public accountant since 1961 for estate and gift tax purposes, merger and acquisition evaluations, buy-sell agreements, stockholder and business disputes, and for the purpose of equitable distribution under state statutes.

Other assignments include evaluating economic damages and loss of profits damages in breach of contract and antitrust matters, condemnations, personal injury or wrongful death cases and other civil actions, assistance with bond claims, financial evaluation of embezzlement and fraud claims and serving as a consultant to law firms in financial and tax analysis of prospective litigation and business disputes and in settlement negotiations.

Prior to the merger of his firm in February, 1988, Mr. Stosch was a founding senior partner of the regional CPA firm, Gary, Stosch, Walls & Co., P.C., headquartered in Richmond, Virginia. He is a former managing partner and management consultant partner of that firm.

Mr. Stosch has an undergraduate degree (accounting) from the University of Richmond and a graduate degree (MBA), also from the University of Richmond where he served as an adjunct faculty member for several years teaching managerial accounting and managerial cost accounting. He is a licensed Certified Public Accountant.

He has qualified as an expert witness before the Internal Revenue Service, Federal District and Bankruptcy Courts and State Courts. He served as a member of the Virginia House of Delegates, 1983-1991, served asMajority Leader of the Virginia Senate from 1998 to 2008, and is currently Republican Leaser Emeritus of the Senate.


Personal Profile

  • Born August 18, 1936, Richmond County, Virginia
  • Married to the Former Eleanor Herbert of Westmoreland County; parents of two children, David A. Stosch and Karen Stosch Watson; four grandchildren
  • Resident of Henrico County

Professional and Academic

  • Principal/Consultant, Stosch, Dacey & George, P.C.
  • Certified Public Accountant; Retired Partner, Deloitte & Touche
  • Member, Virginia Society of Certified Public Accountants
  • Past Member of the Board of Directors, Virginia Society of Certified Public Accountants (VSCPA)
  • Past Chairman of the VSCPA Legislation Committee
  • Past Chairman or Member of the VSCPA Taxation Committee, Public Relations Committee and Convention Committee
  • Past President, Vice-President and Secretary-Treasurer of The Richmond Area Chapter, VSCPA
  • Past Member of the Adjunct Faculties of the University of Richmond and Virginia Commonwealth University
  • Member and Past President, Estate Planning Council
  • United States Army, 1953-1956
  • BS, Accounting, University of Richmond, 1959
  • MBA, University of Richmond, 1984
  • Seminar Leader and Guest Speaker - Professional, Civic and Other Organizations

Public and Community Service

  • Past Treasurer of Ridge PTA, Member Tuckahoe Middle PTA, Member Tucker PTA
  • Past Chairman of Church Board, Monument Heights Baptist Church
  • Past Member of Lions Club
  • Member of American Legion, Post 84
  • Past Chairman of the Board, President, Vice-President and Chairman of the Finance Committee, Richmond Area Heart Association
  • Past Member of the Fund Raising Committee, Virginia Heart Association
  • Past Member of the Fund Raising Committee, United Givers Fund
  • Delegate to Republican State Conventions (1978, 1981, 1984, 1986, 1988, 1993)
  • Past Chairman and Treasurer, Henrico County Supervisor Campaign
  • Past Member of Richmond Jaycees
  • Member, Monument Heights Baptist Church
  • Elected to Virginia General Assembly in 1982; Member Virginia House of Delegates, 1983 to 1991
  • Elected to the Senate of Virginia in 1991; Member Senate of Virginia 1992 - present
  • Former Chairman, Joint House and Senate Republican Caucus
  • Past Member, House Committees on Finance, Education and Claims, and Conservation and Natural Resources
  • Past Chairman, Senate Republican Caucus
  • Past Chairman Senate General Laws and Technology Committee
  • Member, Senate Committees on Commerce and Labor, Finance, and General Laws and Technology
  • Senate Majority Leader, 1998 - 2008
  • Republican Leader Emeritus, Senate, 2008 - present
  • Honorary Member of Richmond Area Chapter, Military Officers Assn. of America (MOAA)
  • Member, Governor's Commission on Higher Education
  • Member of Governor's Commission on Government Efficiency and Reform

Recognition and Achievement

  • 2009 University of Richmond Distinguished Service Award, Alumni Class of 1959
  • 2009 Autism Advocacy Recognition, Commonwealth Autism Services
  • 2008 MOAA President's Award, Richmond Area Chapter of Military Officers Association of America
  • 2008 Taxpayer Champion Award
  • 2007 Distinquished Service Award, Virginia Association of Independent Specialized Education
  • 2007 Legislator of the Year, Virginia Economic Development Association
  • 2007 Legislator of the Year, Chesapeake Bay Foundation
  • 2007 Outstanding Legislative Service Award, Virginia Sheriff's Association
  • 1995 - 2007 Highest Business Rating in Senate, Virginia FREE
  • 2006 and 2007 Child Advocacy Award, The Virginia Council for Private Education
  • 2006 Public-Private Partnership Award, Virginia Commonwealth University
  • 2005 Outstanding Service Award, American Council of Engineering Companies of Virginia
  • 2005 Distinguished Service Award, Virginia Association of Health Plans
  • 2003 Legislator of the Year, Soil and Water Conservation Districts
  • 2003 Legislator of the Year, Virginia Association of Constitutional Officers
  • 2002 Legislator of the Year, Virginia Retail Merchants Association
  • 2002 Award for Outstanding Leadership, National Council of Public Private Partnerships
  • National Public Service Award, American Institute of CPAs
  • Alpha Honorary Society; Omicron Delta Kappa National Leadership Honor Society
  • Ten Tech Award Winner, Northern Virginia Technology Council
  • 1981 National Public Service Award, American Institute of CPAs
  • Outstanding CPA of Virginia in 1980, Awarded by the VSCPA for Individual Contribution to Community Affairs and to the Profession
  • Outstanding CPA in Richmond Area in 1979
  • Special Achievement Award for Outstanding Service, Virginia Heart Association

Representative Valuation Engagements

  • Furniture Manufacturer
  • Retail Hardware Store
  • Masonry Contractor
  • Specialized Graphics and Film Products Company
  • Fuel Oil Distributors
  • Manufacturer - Cultured Marble Products
  • Medical and Dental Practices
  • Architectural/Engineering Firm
  • Wholesale Distributor
  • Asphalt Company
  • Manufacturer of Children's Specialty Items
  • Pension and Deferred Benefit Plans
  • Transportation Company
  • Auto Salvage and Parts Company
  • Refuse Company
  • CPA Partnership
  • Manufacturer of Food Products
  • Manufacturer - Corrugated Boxes
  • Engineering Service and Supply Company
  • Specialty Marketing Corporation
  • Supermarket
  • Office Supplies Company
  • Automobile Dealership
  • Construction Contractor
  • Limited Partnership - Real Estate
  • Manufacturer - Commercial Brushes
  • Law Partnership
  • Trucking Company
  • Food Brokerage
  • Sawmill and Lumber Company
  • Beer Wholesaler
  • Title Insurance Company
  • Manufacturer and Retail Outlet-Decorative Flags
  • Electrical Contractor
  • Commercial Real Estate Management Firm
  • Real Estate General Partnership
  • Medical Instrument Sales Company
  • Psychiatric Practice
  • Manufacturer - Truss Joists
  • Marina/Boat Rental Facility
  • Publishing Company
  • Medical Out-Patient Facility
  • Emergency Medical Facility
  • Fuel Oil/Gasoline Distributor
  • Consultant - Human Resources
  • Bus Company
  • MRI Medical Facility
  • Transportation Services - Newspaper Supplements
  • Retail Hardware Store
  • Sheet Fed Printing Company
  • Service Station
  • Advertising Agency
  • Direct Marketing Firm
  • Manufacturer's Representative
  • Orthopedic Practice
  • Textile Manufacturer
  • Wholesale Ford Distributor
  • Motorcycle Dealership
  • Newspaper
  • Cardiac Surgeon Medical Practice
  • Logging and Chipping Manufacturer
  • Ophthalmology Medical Practice
  • Computer Leasing Company
  • Urology Medical Practice
  • Plastic Surgeon Practice
  • Building Supplies & Materials

Other Representative Engagements

  • Engaged by the Court to Determine Goodwill of a Professional Practice to Resolve Dispute Between Partners
  • Determination of Loss of Profits Damages to Fuel Oil Distributors
  • Analysis of Audit Procedures Relating to a Professional Malpractice Suit
  • Analysis of Damages and Losses Subject to Coverage by Insurance Company
  • Determination of Loss of Profits and Business Interruption Damages to a Computer Software Company due to Water Damage in Office Building
  • Analysis of Transactions Relating to Stockholder Buy-Sell Dispute of an Automobile Dealership
  • Evaluation of Damages Claimed for Wrongful Termination of Franchise Agreement, Automobile Dealership
  • Determination of Economic Damages Relating to Franchisor-Franchisee Dispute in the Retail Gasoline Business
  • Determination of Damages and Goodwill of Specialized Medical Corporation
  • Determination of Damages to Retail Store Attributable to Condemnation and Adjacent Construction of Highway
  • Analysis of Damages Claimed by Retail Firm in Antitrust Action Against Wholesaler, Tobacco Products
  • Determination of Loss of Future Income in Connection with Personal Injury and Wrongful Death Claims
  • Analysis of Damages Claimed as a Result of Malpractice Claims
  • Evaluation of Embezzlement Losses and Preparation of Bond Claims
  • Determination of Loss of Profits Damages and Business Interruption Damages to a Manufacturer Due to Design Failures Subject to Coverage by Insurance Company
  • Analysis of Representations Made by Seller to Buyer Regarding Financial Statements Relied Upon in Business Acquisition
  • Determination of Loss Profits Damages Due to Breach of Lease Agreement
  • Determination of Damages Due to Public Communications
  • Value of Lost Stock Option Opportunities
  • Analysis of Damages Claimed as a Result of Tortious Interference with Customer Contracts
  • Analysis of Related Company Transactions Disputed by Lender
  • Contractual Dispute Relating to Accounting Issues - Specialty Manufacturer
  • Determination of Losses Attributed to Employee Dishonesty Claims
  • Arbitration Hearings - Construction Company/Architect
  • Analysis of Impact of Covenant Not to Compete Damages - CPA Firm
  • Financial Analysis and Tracing of Transactions Relating to Domestic Cases
  • Analysis of Damages Arising from Failure of Due Care - Officers and Directors
  • Determination of Economic Damages from the Failure of Specialized Manufacturing Systems
  • Evaluation of Performance of Contract Computer Services Vendor
  • Appointed by the Court to Serve as Receiver in the Split-Up of an Incorporated Professional Firm
  • Analysis of Damages to Fast Food Chain of Breach of Non-Compete Agreement
  • Financial and Tax Analysis - Pre-marital Contract
  • Analysis of Lost Profits Claim by Computer Peripheral Services Firm Against Client and Competitor
  • Assist with Settlement of Minority Shareholder Claims
  • Determination of Damages, Legal Malpractice Suit
  • Evaluation of Damages Claimed by a Building Supply Company for Loss of Financing Attributed to CPA Firm
  • Evaluation of Damages as a Result of the Alleged Professional Malpractice by an Attorney in a Divorce Agreement
  • Determination of damages as a result of alleged false advertising
  • Determination of damages relating to contract for integrated supply chain logistics services, furniture industry
  • Determine disputed gross receipts reported by a Telecommunications Company to state regulatory authorities for tax purposes
  • Determine value of shareholders' interest in alleged fraudulent purchase under buy-sell agreement
  • Determine tax liability in dispute relating to personal property tax of public paper manufacturer
  • Tracing financial transactions to determine classification of property in equitable distribution of investment properties
  • Determination of profit or loss on lease of mixed real, personal and intangible properties for local tax assessment
  • Assist with pricing models for buy-sell offer, healthcare services organization
  • Determine damages as a result of false advertising claim under the Lanham Act
  • Dispute, Medical Office Building and Partners
  • Lost Profits, Food Product Manufacturer
  • Dispute, Major Oil Company and Franchisee
  • Contract Dispute Uniform Rental Company
  • Lost profits and reasonable royalties, Patent holder
  • Lost profits, Parking facility
  • Fair value, Dissenting Minority Shareholder's Claim
  • Served as a professional mediator in numerous disputes

Testifying Experience

With over thirty years experience as a practicing CPA and financial expert, Mr. Stosch has testified as an expert witness in civil and criminal matters before the United States District Courts for the Eastern and Western Districts of Virginia, the Circuit Courts of the City of Richmond, Henrico County, Chesterfield County, Alexandria, Fairfax County, Lynchburg, Rustburg, Virginia Beach, Tazewell, Arlington, Salem, Portsmouth and elsewhere in other pretrial hearings. He has also qualified as an expert witness in the United States Bankruptcy Court and before the Internal Revenue Service and the State Corporation Commission.