Education & Certifications
Master of Business Administration
University of Wisconsin
Bachelor of Arts In Philosophy
Certified Public Accountant
Licensed in California
American Institute of Certified Public Accountants(AICPA)
California Society of
Certified Public Accounts (CALCPA)
1150 Lombard Street, #10
San Francisco, California 94109
Phone 415-673-4012 Print Email
To read Bob’s original article and updates on “Residential Mortgage Loan Sales and Repurchases: Accounting, Disclosure, Control Issues, and Risks Relating to Sellers’ Representations and Warranties” click specific link below:
- March 1, 2013 - Update For Year End 2012 10K Filings and Recent Developments
- November 16, 2012 - Update For Third Quarter 2012 10Q Filings and Recent Developments
- August 10, 2012 - Update For Second Quarter 2012 10-Q Filings and Recent Developments
- May 18, 2012 - Update For First Quarter 2012 10-Q Filings and Recent Developments
- February 29, 2012 - Update For Year End 2011 Earnings Releases, 10-Ks and Recent Developments
- December 21, 2011 - Update For Third Quarter 2011 Earnings Releases, 10-Qs and Recent Developments
- July 28, 2011 - Update For Second Quarter 2011 Earnings Releases and Recent Developments
- May 13, 2011 - Update For First Quarter 2011 10-Q Filings and Recent Developments
- March 25, 2011 - Update For 2010 10-K Filings and Early 2011 Developments
- January 24, 2011 - Update For Q4 Earnings Releases and Recent Developments
- November 2010 - Accounting Disclosure, Control Issues, and Risks Relating to Sellers' Representations and Warranties
Click here to read Bob's February 20, 2012 - Mortgage Alert: The "real substance" of the $25 billion settlement deal.
Click here to read The New York Times, January 8, 2011 article: $2.6 Billion to Cover Bad Loans: It’s a Start (please note this link will redirect you to The New York Times website)
Bob is a senior advisor to Natoma Partners focusing on financial services industry matters. He spent 24 years as an auditor at Arthur Andersen, including 12 years as a Partner. Bob has deep experience in the financial services industry, including banking, mortgage banking (including sub-prime loan securitizations and servicing), brokerage, investment banking, leasing and investment companies. Investment companies included venture capital funds, private financial buyers, and hedge funds.
At Andersen, Bob was Partner in charge of the Western Region Financial Services Practice and Member of the US Financial Services Leadership Team. In this role he created and led a cohesive, integrated team of audit, tax and consulting professionals across the region. At the same time he was also Partner in charge of the Northern California Financial Services Practice and Partner in charge of the Northern California Audit and Business Advisory segment and developed and managed a significant number of clients.
Throughout his career at Andersen, Bob was recognized as a technical accounting expert in various areas including accounting for financial products (e.g. pools of reverse mortgages, pools of distressed loans purchased at a discount, securitizations, lease accounting including synthetic lease structures, and special purpose entities), accounting for business combinations and accounting for compensation expense.
As an audit expert, he was part of the team that developed firm-wide methodology for implementing the audits of internal controls for banks required under FDICIA. He also was a member of and eventually leader of peer review teams, which reviewed other Andersen offices both in the United States and internationally.
After the demise of Andersen, Bob worked with Robert Half to bring over approximately 650 Andersen internal auditors and risk consultants (including over 60 partners) and created Protiviti, a wholly-owned subsidiary. He worked closely with the CFO of Robert Half to jointly oversee the management of Protiviti and its growth to over 2000 employees and about $300 million in annual revenue after only two years. He was also responsible for building the infrastructure and systems and developing policies and processes to support this new business. During this period Protiviti developed a very significant capability to advise clients in preparing for and implementing the Sarbanes Oxley requirements for management and the external auditor to report on the adequacy of the company's internal control over financial reporting.
Bob currently has his own CPA practice where he provides financial, accounting, and auditing advisory services. From the fall of 2009 to the summer of 2010, this has included providing expert consulting services and advice to the Enforcement Division of the Public Company Accounting Oversight Board. These expert services focused on audit and accounting issues including audit planning and documentation, internal controls, transfers of financial assets, reserves for representations and warranties, allowance for loan losses, and lower of cost or market valuations. He also continues research into audit, accounting and internal control issues related to loan sales with representations and warranties and the associated reserves and required disclosures.