Richard J. Sowan

Managing Partner

DiRECT 214 545 3971 | EMAIL This e-mail address is being protected from spambots. You need JavaScript enabled to view it | vcard

As managing partner, Richard brings wide-ranging experience from more than 29 years in public accounting. He works with mature businesses with assets ranging from $40 million to $4.5 billion, and his background encompasses a high degree of concentration in assurance services. He has experience in a number of industries, including real estate (REITs, MLPs, REMICs), oil and gas exploration, gas marketing and transmission, nonprofits, financial services, software and high tech, manufacturing and wholesale distribution, and consulting.

Appointed by the American Institute of Certified Public Accountants to the American Arbitration Association (AAA), Richard serves as an arbitrator in accounting malpractice and business dispute matters not only with AAA, but also with the International Institute for Conflict Prevention and Resolution (CPR). He currently serves on the AICPA Oil and Gas Conference Committee and has served on the AICPA Real Estate Committee.

Certifications:

Certified Public Accountant (CPA), Texas, New York and Colorado

Education:
BBA, Accounting, Florida State University, 1980

Services:
Audit & Assurance
Dispute Resolution, Litigation, and Forensic Accounting

Industries:
Real Estate
Healthcare
Energy
Financial Services
Professional Services
Not-for-Profits
Construction

Professional and Community Involvement:
American Institute of Certified Public Accountants (Member, Oil and Gas Conference Committee; Past Member, Technical Standard Subcommittee and Real Estate Committee)
Texas Society of Certified Public Accountants (Member - Professional Standards Committee; Member - Practice Issues Committee; Past Member - Professional Ethics Committee)
National Association of Real Estate Investment Trusts (Member)
Texas Mortgage Bankers Association (Governmental Affairs Committee)
American Arbitration Association (Panel Member)
International Institute for Conflict Prevention and Resolution (Panel Member)
Exchange Club of East Dallas (Past President)
Richardson YMCA (Past President)



Publications and Speeches:
“New Disclosures for Derivatives,” September 2009
“Guidance on the Mutual Interpretation of FIN 46(R) and SFAS 167,” September 2009
“Business Combinations: Accounting for Contingent Consideration ASC 805-30-25,” August 2009
“New Disclosure Requirements about Subsequent Events,” June 2009
“FASB Tightens Accounting and Reporting Rules on the Mortgage Industry,” June 2009

Presentation Topics:
“FAS 141R and FAS 160: Business Combinations and Non-Controlling Interests”