Fraud And Forensic Accounting Specialist Joins Marks Paneth LLP; Former PCAOB Inspector Joins Firm

Wednesday, August 6, 2014 - 11:33

Accounting firm Marks Paneth LLP announced that Ted Felix, CPA, CFF, MBA, DABFA, CGMA, has joined the firm as senior director in its Litigation and Corporate Financial Advisory Services Group.

Mr. Felix was previously the managing partner of Lazar Levine & Felix LLP. He comes to Marks Paneth from Schulman Lobel Wolfson Zand Abruzzo Katzen & Blackman, LLP, where he was a partner and the practice leader in the litigation support area. Mr. Felix advises clients on financial and fraud investigations, professional malpractice cases and business disputes, as well as complex commercial litigation and damages. He has served as an expert in numerous forensic accounting and litigation support engagements. Mr. Felix has also worked for the Securities and Exchange Commission as an expert and led an investigation conducted by the U.S. Attorney for the Eastern District of New York.

Mr. Felix was the co-author of SEC Compliance - Financial Reporting and Forms (Warren Gorham & Lamont/Research Institute of America) and a member of the American Board of Forensic Accounting (ABFE), the American College of Forensic Examiners Institute (ACFEI), the American Institute of Certified Public Accountants (AICPA), the New York, Florida and New Jersey Societies of Certified Public Accountants. He is also a member of the Board of Governors of B'nai B'rith International Foundation of the United States, where he serves as the chair of its Audit Committee, and a member of the Board of Directors of the Grandview Palace Yacht Club. Mr. Felix holds a BS and an MBA from Long Island University.

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Marks Paneth LLP announced that Keith C. Peterka, CPA, has joined the firm as partner in the Professional Practice Group, which oversees the firm's compliance with and implementation of accounting, auditing and attestation standards.

In his new role, Mr. Peterka will consult internally and externally on issues involving auditing, financial reporting and ethics standards, as well as perform engagement quality control reviews of audit and accounting engagements. He will also design and conduct internal training in professional standards to improve policies, systems and procedures to aid the firm in meeting and exceeding professional standards.

Mr. Peterka has over 20 years of experience dealing with complex accounting and reporting issues and is a recognized as a technical resource for revenue recognition, impairment and FIN 48. He has previously advised publicly and privately owned companies on International Financial Reporting Standards (IFRS), US Generally Accepted Accounting Principles (GAAP) and matters related to financial reporting, auditing and quality review.