Forensic Accounting

For Forensic Accounting Services, please contact:

Paul M. Thrasher, CPA (202) 331-3388

Capitol Inquiry, Inc. has formed a strategic partnership with Paul Thrasher, CPA to provide forensic accounting services to our clients. 

Education

MS, Accounting, Georgetown University, Washington, D.C., 1978
BA, Economics, Georgetown University, Washington, D.C., 1976

Experience

2002 – Present
Financial Consultant; clients and assignments include:

Chief Financial Officer, Vietnam Veterans of America Foundation, Washington, DC, a Nobel prize winning, three-entity nonprofit working to ban landmines and lobbying against the US death penalty (2006 to present).   Working two or three days per week, responsible for financial reporting, Federal reporting, cash management, strategic planning, external A-133 audits, departmental staffing and entity wide budgeting.   Reporting to the President, accomplishments include hiring of staff, management of first-time and successive A-133 audits with substantially improved results, successful spin-offs of several operating divisions, streamlining and revamped controls of overseas offices, redirection of proposed merger, revamping of accounting policies and procedures, initiation of budgets and associated strategic planning.

Chief Financial Officer, Consortium of Universities for the Advancement of Hydrologic Science, Inc. (CUAHSI), Washington, DC, a start-up nonprofit serving the needs of the scientific community (2005 to present).  Working two or three days per week, responsible for financial reporting, Federal reporting, cash management, external A-133 audits, departmental staffing and relations with CUAHSI’s cognizant agency, the National Science Foundation (NSF).   Reporting to the President, accomplishments include restoration of NSF funding, updating of NSF reporting, reduction of Inspector General proposed disallowances from $95K to $10K, successful conduct of A-133 audits with elimination of audit comments, hiring of Controller and establishment of written accounting policies and procedures.

Chief Financial Officer, Community Family Life Services, Washington, DC, a multi-award winning nonprofit serving the needs of the homeless and poor (2002 to 2005).   Working two or three days per week, responsible for financial reporting, Federal reporting, cash management, budgeting, external A-133 audits, departmental staffing and development of business ventures.   Reporting to Executive Director and Board, accomplishments include successful conduct of three A-133 audits with substantial reduction of audit comments; conversion of accounting system from Quickbooks to MIP; enhancement of Federal cost-reimbursement billings; participation in strategic planning; establishment of cash flow forecasting and management reporting processes; design, implementation and oversight of annual budget; and design, implementation and oversight of business plan for a thrift shop.

Technical Reviewer, Nonprofit Audits, Rubino & McGeehan, CPA’s, Bethesda, MD, a “Top 10” Washington area CPA firm (2002 to 2005).   Working two or three days per week, responsible for partner-level technical reviews of nonprofit audits, reporting to Senior Audit Partner.

Discussion Leader, American Institute of CPA’s (AICPA), New York, New York (2002 to 2008).   Provide 10 to 20 days of instruction per year to CPA’s nationwide, specializing in nonprofit courses, with consistent outstanding ratings.   Course titles include “Managing Nonprofits Like a Business”, Analytical Procedures for Nonprofits”, “Advanced Accounting and Auditing for Nonprofits” and “Auditing Nonprofits – Tips and Traps”.

Assist numerous nonprofits with management, audit, accounting and tax issues.

1986 – 2002
Senior Audit Partner and Managing Partner (2001 – 2002), Halt, Thrasher & Buzas, Ltd.                   Alexandria, VA                        

Halt, Thrasher & Buzas (now Halt, Buzas & Powell) is a “Top 50” Washington area CPA firm, specializing in serving the needs of nonprofit organizations.   As Senior Audit Partner, responsible for all audit work performed by the Firm, as well as all other accounting services, consulting services (such as business valuations, budgets, forecasts and litigation support) and private and public offerings.   Also responsible for Quality Control and ensuring high marks for Peer Review.   As Managing Partner, responsible for the visioning process for the Firm, sound management, name recognition and growth of the business.   Client base included Interfaith Alliance, National Organization for Women, Daughters of the American Revolution, African Economic Research Consortium and Ellington Fund.

1992 – 2000
Director and President (1998 – 1999), Greater Washington Society of CPA’s (GWSCPA’s)

In this unpaid role, led the Society through a variety of external and internal challenges.  Accomplishments included creation of a one-of-a-kind nationally recognized business to academic partnership between the Society and a Washington D.C. based business iniversity.  Other accomplishments included selection and training of an Executive Director for the Society, and leading an exchange program between the Society and the Samara (Russia) Guild of Financiers.  That exchange program led to a recall to Russia by the U.S. Agency for International Development to lead a “train the trainers” project via the transformation of the books of 15 Russian companies from Russian statutory accounting to International Accounting Standards. 

1984-1985
Chief Financial Officer, Realty Partners Corp.                                                       Washington, D.C.

Executive responsibility for all areas of financial decision-making relative to a $20 million residential and commercial real estate portfolio, designed primarily to provide housing to those who could not otherwise afford it, including the raising of $8 million in public equity funds, all SEC and IRS reporting and subsequent oversight of portfolio liquidations.

1983-1984
Manager of Loan Accounting, Federal Home Loan Mortgage Corporation (Freddie Mac)
Washington, D.C.

Responsible for accounting, controlling and reporting all activities related to the corporation’s primary asset, a $75 billion loan portfolio.

1978-1983
Audit Supervisor, Price Waterhouse Coopers                                                       Washington, D.C.

Supervised and participated in audits of various Fortune 500 clients, including universities, real estate holding companies, federally subsidized multi-family housing projects, and large trade associations and not-for-profit entities; also served as supervisor of an “Emerging Business Services” division, providing advice and assistance to start-up companies on establishing automated accounting systems, financial forecasting, budgeting, operational audits, tax posture, and financing; also worked in close concert with the real estate investment departments of Chase Manhattan and Morgan Guaranty Banks, in the management and reporting of a $750 million commercial real estate portfolio.

Other Experience and Accomplishments

Appointed three times to standards setting committees of the AICPA, Consulting Services, Nonprofit Auditing and Accounting, and Quality Control and Peer Review.

Published accounting-related articles in Entrepreneur magazine, CPA Personnel Report and Attorneys Personnel Report.

Presently serve as Chair, Council of Past Presidents, GWSCPA

Presently serve as a founding director, Washington School of Business, Inc.

Other Board service has included tenures with Alternative Learning Through the Arts (ALTA) Charter School, Southeastern University, Friends of Fillmore School, Washington Area Performing Arts Video Archive, public radio station WPFW, Caribbean Hospital Relief Fund and American Showcase Theater.  

Additional teaching assignments received from the GWSCPA’s and International Accounting Seminars (London).

 

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