Mike Lacorte Email & Phone Number

I have assisted Government contractors with: (1) regulatory consulting on compliance issues arising from the Cost Principles found in FAR Part 31, the OMB Uniform Guidance, and the CAS (including the preparation of cost impact proposals and Disclosure Statements); (2) investigations and disputes (including those arising from alleged violations of the False Claims Act and the Price Reduction Clause); (3) compliance assessments (including assessments of the major business systems stipulated in… Show more I have assisted Government contractors with: (1) regulatory consulting on compliance issues arising from the Cost Principles found in FAR Part 31, the OMB Uniform Guidance, and the CAS (including the preparation of cost impact proposals and Disclosure Statements); (2) investigations and disputes (including those arising from alleged violations of the False Claims Act and the Price Reduction Clause); (3) compliance assessments (including assessments of the major business systems stipulated in DFARS 252.242-7005); (4) rebutting assertions made by the DCAA and DCMA; (5) the preparation and review of REAs and claims; (6) the preparation and review of ICSs; (7) the analysis of cost and price issues under bid protests; (8) organizational restructurings; (9) the closeout of Federal contracts; (10) mergers and acquisitions support (e.g., buy and sell side due diligence); and (11) management consulting. From my experience, I have gained substantial knowledge of the regulatory requirements applicable to Government contractors, how Governmental oversight bodies evaluate compliance, and how such bodies conduct their audits. Show less

Washington, District Of Columbia, United States

Responsible for assisting Government contractors with: (1) regulatory consulting on compliance issues arising from the Cost Principles found in FAR Part 31, the OMB Uniform Guidance, and the CAS (including the preparation of cost impact proposals and Disclosure Statements); (2) investigations and disputes (including those arising from alleged violations of the False Claims Act and the Price Reduction Clause); (3) compliance assessments (including assessments of the major business systems… Show more Responsible for assisting Government contractors with: (1) regulatory consulting on compliance issues arising from the Cost Principles found in FAR Part 31, the OMB Uniform Guidance, and the CAS (including the preparation of cost impact proposals and Disclosure Statements); (2) investigations and disputes (including those arising from alleged violations of the False Claims Act and the Price Reduction Clause); (3) compliance assessments (including assessments of the major business systems stipulated in DFARS 252.242-7005); (4) rebutting assertions made by the DCAA and DCMA; (5) the preparation and review of REAs and claims; (6) the preparation and review of ICSs; (7) the analysis of cost and price issues under bid protests; (8) organizational restructurings; (9) the closeout of Federal contracts; (10) mergers and acquisitions support (e.g., buy and sell side due diligence); and (11) management consulting. Show less

Responsible for complex problem solving, ensuring project delivery, team management, defining project scope, creating project budgets, performance management, and practice development.• Worked on several buy and sell side due diligence engagements, primarily reviewing contractual terms and conditions, revenue recognition and compliance with GAAP, business processes, and backlog and pipeline. • Part of litigation support effort to evaluate fraud allegations against publicly traded… Show more Responsible for complex problem solving, ensuring project delivery, team management, defining project scope, creating project budgets, performance management, and practice development.• Worked on several buy and sell side due diligence engagements, primarily reviewing contractual terms and conditions, revenue recognition and compliance with GAAP, business processes, and backlog and pipeline. • Part of litigation support effort to evaluate fraud allegations against publicly traded government contractor. Efforts included analysis of budgeting, compliance with TINA, analysis of unstated liabilities/cost mischarging and their impact to the impairment of goodwill.• Prepared pricing for REA and directly participated in government negotiations.• Revised proposal and pricing for utility privatization at a military base. Discovered ~$200M of pricing errors in initial submission. Pricing considered cost accounting, discounted cash flow, valuation of conveyed assets, inflation, and pricing for 50 year contract.• Assisted in the reorganization of a $100M company’s accounting department. Efforts included assessing personnel capabilities, defining roles and responsibilities, recommending addition/deletion of positions, reorganizing personnel into new positions, and creation of job descriptions. • Prepared final pricing for invoices for large contract close out effort (100+ contract close outs). Computed total costs incurred and amounts owed to/from the contractor.• Prepared strategic indirect rate analysis for several companies during tenure. Analysis typically involved rate modeling, assistance with budget which rates were to be based, and analysis of recovery of indirect rates by contract type.• Conducted full gap analysis on estimating system for large CAS covered entity. Deliverable was 20 page report detailing weaknesses in processes, budget models, organizational structure, and provided recommended corrective actions. Show less

Solely created plan to allow Segovia to bid as a prime contractor on major flexibly priced awards with the federal government. Plan was approved by the COO. Plan considered: cost accounting and organizational restructuring, business development, marketing, and implementation of an ERP system. ERP system included accounting, procurement, budgeting, project management, estimating, CRM, and EVMS components.Part of team lead for implementing corporate and accounting structure reorganization.… Show more Solely created plan to allow Segovia to bid as a prime contractor on major flexibly priced awards with the federal government. Plan was approved by the COO. Plan considered: cost accounting and organizational restructuring, business development, marketing, and implementation of an ERP system. ERP system included accounting, procurement, budgeting, project management, estimating, CRM, and EVMS components.Part of team lead for implementing corporate and accounting structure reorganization. Corporate reorganization included implementation of certain ERP components described above (pertaining to the linkage of accounting, procurement, estimating, budgeting, and CRM).Part of team lead for implementation of project based time and expense reporting.Wrote timekeeping, expense, and accounting manuals. Show less

Primarily responsible for complex problem solving and staff management. Worked primarily with federal contractors.Created pricing, cash flow, budgeting, cost allocation (indirect rate), Disclosure Statements, internal control policies and procedures, and CAS cost impact models. Gained experience in FAR and CAS, business systems, and contract revenue recognition (SOP 81-1 and EITF 08-1). Specifically:• Completed multiple due diligence engagements related to acquisitions of target… Show more Primarily responsible for complex problem solving and staff management. Worked primarily with federal contractors.Created pricing, cash flow, budgeting, cost allocation (indirect rate), Disclosure Statements, internal control policies and procedures, and CAS cost impact models. Gained experience in FAR and CAS, business systems, and contract revenue recognition (SOP 81-1 and EITF 08-1). Specifically:• Completed multiple due diligence engagements related to acquisitions of target companies: o Efforts consisted of analysis of contract backlogs, business systems, project costing capabilities, financial statement analysis, revenue recognition, and ability to comply with regulations and contractual terms.• Created multiple CAS cost impact models to compute a public company’s liabilities to the federal government.• Created financial model for a company assessing a buy vs. lease decision on a building.o Model and analysis considered financial, government contract, GAAP, and tax implications.• Assisted with damage claim for litigation support effort:o Efforts consisted of documenting process for forensic accounting engagement for costs incurred, analyzing the validity of lost profits computations and cost accounting allocation methodologies, and creating expert report for testimony.• Created pricing model for $300 million IDIQ contract spanning 10 years.• Implemented a Home Office at a three segment company in effort to maximize cost recovery and profitability. • Analyzed business valuation report for deficiencies for a bank:o Valuation report was used by the bank to determine value of loan to business owner where ESOP shares were used as collateral. Analysis was used by the bank as basis of litigation against the writer of the report.• Corrected the ICS model of a multi-billion dollar public company.• Conducted gap analysis/recommendations for remediation for government contractor relating to CPSR compliance. Show less

Audited several government contractors and several other business types in areas such as real estate management, software, technology, and food services. Advanced to a position of overseeing audits. • Primarily responsible for auditing revenue, unbilled receivables, debt, and equity. More complex issues included analysis of asset purchase agreements, interest rate swap contracts, foreign company acquisitions, corporate reorganizations, FAS 109, disregarded entities, discontinued… Show more Audited several government contractors and several other business types in areas such as real estate management, software, technology, and food services. Advanced to a position of overseeing audits. • Primarily responsible for auditing revenue, unbilled receivables, debt, and equity. More complex issues included analysis of asset purchase agreements, interest rate swap contracts, foreign company acquisitions, corporate reorganizations, FAS 109, disregarded entities, discontinued operations, FIN 48, auditing intangible assets, and contingent liability arrangements. Show less

Prepared Individual, Corporate, Partnership, Fiduciary, Private Foundation, and Non-Profit tax returns. Prepared tax returns from numerous states including MD, VA, and DC among others. Completed tax research and tax planning; also experienced in bookkeeping and payroll. Client base prominently government contractors and REITs.• Prepared the tax provision for a large ($150 million plus equity) publicly traded corporation with several complicated issues such as foreign subsidiaries, stock… Show more Prepared Individual, Corporate, Partnership, Fiduciary, Private Foundation, and Non-Profit tax returns. Prepared tax returns from numerous states including MD, VA, and DC among others. Completed tax research and tax planning; also experienced in bookkeeping and payroll. Client base prominently government contractors and REITs.• Prepared the tax provision for a large ($150 million plus equity) publicly traded corporation with several complicated issues such as foreign subsidiaries, stock options, and a liquidated subsidiary. Show less

Prepared Individual, Corporate (Domestic and Foreign), Fiduciary, Partnership, Private Foundation, and Non-Profit tax returns. Client base prominently hedge funds and derivative traders. Researched complex tax issues such as federal tax treatment of investment transactions (such as forward and futures contracts), short sale rules and tax treatment, and alternative minimum tax treatment for individuals. Maintained books on a monthly basis for a foreign investment vehicle managing over… Show more Prepared Individual, Corporate (Domestic and Foreign), Fiduciary, Partnership, Private Foundation, and Non-Profit tax returns. Client base prominently hedge funds and derivative traders. Researched complex tax issues such as federal tax treatment of investment transactions (such as forward and futures contracts), short sale rules and tax treatment, and alternative minimum tax treatment for individuals. Maintained books on a monthly basis for a foreign investment vehicle managing over $100 million of assets. Compiled information at year end to create a K-1 equivalent for the entity owner.Monthly analysis included determining tax treatment for various investments, tracking basis in each investment, analysis of foreign transactions (currency gains/losses, taxability, etc.), and tracking the entities interest in its investment base (the entity held over 100 partnership interests, several stock portfolios, and several derivative instruments), computing book/tax differences. Show less

Small CPA firm offering a wide variety of services including bookkeeping, auditing, and tax services.

B.S, Accounting

Masters Of Science, Taxation

Deans list academic achievement.

Bachelor Of Science, Accounting

Dean's List academic achievement.