Walter A. Stosch,
MBA, CPA, CVA

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 and a Certified Valuation Analyst.

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, and is currently Majority Leader of the Virginia 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

Resident of Henrico County

PROFESSIONAL AND ACADEMIC:

• Principal/Consultant, Stosch, Dacey & George, P.C.
• Certified Public Accountant; Retired Partner, Deloitte & Touche
• Certified Valuation Analyst
• Member, Virginia Society of Certified Public Accountants
• Member, National Association of Certified Valuation Analysts
• 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

SEMINARS CONDUCTED, SPEECHES GIVEN AND ARTICLES WRITTEN:

• 07/87 Virginia State Bar Continuing Legal Education Foundation - "Business Valuations and Equitable Distribution of Marital Estates"
• 11/87 Seventeenth Annual Virginia Accounting and Auditing Conference, Virginia Polytechnic Institute and State University -"Valuation of Closely Held Businesses"
• 02/88 Metropolitan Chamber of Commerce - "How Much is Your Company Worth?"
• 04/88 Advanced Family Law Seminar, Virginia Law Foundation - "Getting Behind the Numbers of Investment Entities and Professional Practice Valuations"
• 04/89 Arlington Bar Association - "Discovery of Financial Records and Equitable Distribution"
• 05/89 Metropolitan Chamber of Commerce - "Business Valuations of the Non-Public Company"
• 07/90 Virginia Trial Lawyers Association - "Procedures and Issues in Conducting Business Valuations"
• 11/90 Virginia State Bar - Seminar on Valuations for Purpose of Equitable Distribution
• 11/91 VSCPA/Virginia Polytechnic Institute and State University - "Litigation Consulting Services"
• 02/92 National Federation of Independent Businesses - "The Impact of State Laws on Small Businesses"
• 04/93 Institute of Management Accountants - "Litigation Support Services and Forensic Accounting"
• 09/93 Continuing Legal Education Seminar - "Seminar on Financial Statement of Closely Held Businesses"
• 12/94 Retail Merchants Association of Greater Richmond - "1995 Business Outlook"
• 12/94 Appraisal Institute, Central Virginia Chapter - "Accountability"
• 08/95 CPA/Law Forum - "Financial Experts in Legal Disputes"
• 09/95 Business Workout Council - "The Commonwealth of Virginia's Policy Regarding Business Incentives"
• 11/95 10th Annual Tax Conference, Richmond Chapters IMA and ASWA - "Virginia's Business and Tax Incentives"
• 03/96 Richmond Metropolitan Family Law Bar - "1996 Changes in Equitable Distribution and Family Law
• 04/96 Henrico County Bar Association - "1996 Update on Changes in State Law"
• 10/96 Rotary Club of Innsbrook - "The Interdependence of Government on Business"
• 04/97 Beta Alpha Psi Honorary Society, Virginia Commonwealth University - Professional Opportunities and Responsibilities in the Accounting Profession
• 05/97 Richmond Civitan Club, Key Award Banquet - "Creating Opportunities in a Changing World"
• 11/97 Association of Governmental Accountants - " Federal and State Tax Reform"
• 12/97 Article written: Virginia Lawyers Weekly - "Business Valuations - Is Purpose Important?"
• 3/98 Region 3 Circuit Court Judges Meeting - "The Legislative Session and the Judiciary"
• 5/98 Henrico Country Bar Association - "Legislative Update CLE"
• 5/98 VSCPA and Virginia State Bar Seminar, "Valuation of Closely-Held Companies and Professional Practice in Litigation," Richmond, Virginia
• 10/98 Court of Appeals of Virginia Retreat, "Valuation of Business Interest and Other Issues Under Section 20-107.3 of The Code of Virginia"
• 11/98 Richmond West Breakfast Lions Club - "1999 Legislative Agenda"
• 3/99 IAFP - Greater Richmond Chapter - "Senate Finance Committee Legislative Update"
• 5/99 Judicial Conference of Virginia-"Business Valuations and Other Financial Issues in Damages and Equitable Distribution Cases"
• 7/99 VSCPA Annual Financial Planning Conference, "The Uniform Accounting Act and Impact on CPA's"
• 12/99 Virginia Road and Transportation Builders Association, "Public Transportation Funding and Other Issues"
• 10/00 Institute of Management Accountants, "The Expert Witness- Damages and Valuations"
• 04/02 Henrico Bar Association - "Legislative Update"
• 09/02 Virginia Trial Lawyers, "Lost Profits and the New Business Rule
• 10/02 Troutman Sanders, LLP, "Lost Profits, Damages and the New Business Rule"
• 11/02 Construction Law and Contracts Lawyers, CLE Session, "Public Private Partnerships"
• 03/03 Metropolitan Richmond Women's Bar Association, "Legislative Update for 2003"
• 03/03 Virginia Agribusiness Council, "Agricultural Issues in Virginia"
• 03-03 Goochland Leadership Enterprise, "Leadership Begins With You"
• Henrico Bar Association, "Legislative Update - 2003"
• 07/03 Military Officers Association, "Legislative Role and Challenges"
• 09/03 American Society of Highway Engineers, "How to Make the Numbers Add Up"
• 10/03 National Legislative Services and Security Association, "Homeland Security at the Capitol"
• 10/03 Co-Speaker, Chief Justice LeRoy Hassell, "The Role of Legislative, Judicial, and Executive Branches of Government"
• 10/03 Virginia Society of Certified Public Accountants, "The CPA's Influence on Public Policy"
• 11/04  West Richmond Rotary Club "Alternative Dispute Resolution - The Use of Mediation in Civil Disputes"
• 12/04  Virginia Foundation for Research and Economic Education Board, "How Business Can Capitalize on its Political Strength"
• 12/04  Chesterfield County Chamber of Commerce, "The Duty and Opportunity of Political Activism" 
• 1/05 Bull and Bear Club Lecture Series, "New Business of the General Assembly for 2005"
• 1/05 Junior League of Richmond, "The Power of Your Involvement in the General Assembly"
• 10/05  Richmond Regional Planning District Commission, "Public Finance Challenge"
• 10/05  Greater Richmond Intellectual Property Lawyers Association, "Mediation and the IP Dispute"
• 10/05  Richmond Chapter, VSCPA, "Leveraging Your Professional and Personal Influences"

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

PUBLIC AND COMMUNITY SERVICE:

• Past Treasurer of Ridge PTA, Member Tuckahoe Middle PTA, Member Tucker PTA
• Past Chairman of Church Board
• Past Member of Lions Club
• Member of American Legion
• 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
• Member of Executive Committee and Chairman, Joint House and Senate Republican Caucus
• Past Member, House Committees on Finance, Education and Claims, and Conservation and Natural Resources
• Member, Senate Committees on Finance, General Laws, Labor and Commerce, and Transportation and Rules
• Senate Majority Leader, 1998 - Present

RECOGNITION AND ACHIEVEMENT:

• 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
• Alpha Honorary Society

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
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

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.