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Stephen L. Ferraro

CPA/ABV/CFF, MAFF, CVA, CBEC  |  Partner

Stephen Ferraro - 1x1

Stephen L. Ferraro

CPA/ABV/CFF, MAFF, CVA, CBEC  |  Partner

Steve has over 35 years of public accounting, entrepreneurial and management experience. Leveraging his leadership and financial experiences, Steve works closely with middle market businesses and their owners to ensure they grow, maximize business value and achieve personal financial success. Over his professional career, he has consulted on a wide range of areas including, growth strategies, wealth advisory, transition planning, business valuation, mergers & acquisitions, strategic and business planning, due diligence and quality of earnings, financial management, financing assistance, internal controls, and attestation and tax engagements.

Steve held a co-leadership role in the due diligence, ultimate merger and management of two equal size CPA firms, which came together to become a Top 100 CPA. The firm ranked number 67 in the country with annual revenues in excess of $45 million. During Steve’s tenure as co-managing partner, Inside Public Accounting named the firm among the Top 5 “Best of the Best” firms in the Northeast Region.

Steve also offers his technical knowledge, financial expertise and expert testimony to the legal community, the insurance industry and others. He has participated in several hundred matters involving complex commercial litigation, lost profits, owner disputes, business interruption, business valuations, breach of contract, financial investigations, group self-insured worker’s compensation programs, financial motive, tax fraud and other areas of civil and criminal litigation.

In addition to being a Certified Public Accountant, Steve is a Certified Valuation Analyst, Accredited in Business Valuation, Certified in Financial Forensics, a Certified Business Exit Consultant and a Master Analyst in Financial Forensics.

He is affiliated with numerous professional organizations, including the American Institute and the New York State Society of Certified Public Accountants, the National Association of Valuation Analysts and the International Growth & Exit Planning Association. Steve holds a Bachelor of Business Administration degree with a concentration in Accounting from Siena College.

Areas of Expertise

  • Economic Damages
  • Fraud & Financial Investigations
  • Business Valuation
  • Litigation Support

Education

  • Bachelor of Business Administration in Accounting, Siena College

    1980

Affiliations & Professional Activities

  • Licensed Certified Public Accountant (CPA), State of New York
  • Certified Business Exit Consultant (CEBC), International Growth & Exit Planning Association
  • Master Analyst in Financial Forensics (MAFF), National Association of Certified Valuation Analysts
  • Certified Valuation Analyst (CVA), National Association of Certified Valuation Analysts
  • Accredited in Business Valuation (ABV), American Institute of Certified Public Accountants (AICPA)
  • Certified in Financial Forensics (CFF), American Institute of Certified Public Accountants (AICPA)
  • Successfully completed Commercial Property Insurance & Risk Management (CPCU 3)
  • Member, American Institute of Certified Public Accountants (AICPA)
  • Member, National Association of Certified Valuation Analysts
  • Member, International Growth & Exit Planning Association
  • Member, USA 500
  • Member, CoreValue Advisors
  • Past Board Member, Saratoga County Chamber of Commerce – 6 years, Treasurer (3 years)
  • Past Board Member, Benedict Health Center – 10 years, President (5 years), Treasurer
  • Past Board Member, Saratoga Care – 3 years, Treasurer
  • Past Board Member, Saratoga County Arts Council – 6 years, Treasurer (5 years)
  • Board Member, Saratoga National Bank & Trust Community Advisory Board
  • 200+ hours of continuing professional education in economic damages, valuation, litigation support, health care, insurance loss, forensic accounting, fraud, tax, exit planning, and wealth management

Recent Articles

February 3, 2023

Seeing the Big Picture with Your Business Exit

The success of exiting a business depends greatly upon the mental perspective and preparation of an owner during the exit process. Business owners tend to fixate their thoughts only on running and growing their business.  However, there is a tremendous amount of value in seeing the ‘big picture’ with your exit and thinking about the […]
October 11, 2022

Two Distinct Valuation Standards and Why They Matter…

We all use terms in our area of expertise that make people outside our fields scratch their heads.  When you start discussing business valuations with a valuation expert, two terms you often might hear are Fair Market Value and Fair Value. They sound like they could be interchangeable, but they are, in fact, very different. The Standard of […]
Read Our Reviews

FAZ Forensics is rated 4.95 out of 5.0 stars based on 21 review(s).

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FAZ Forensics did a full review and evaluation of my business and I was very happy with the level of detail and expertise.

- Chris Schmidt

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Christian has, along with his good nature and thoughtful regard, been exceedingly helpful with sorting out the complexities of our case. We could not be more pleased with our exchange. Thomas and Hema Easley

- Thomas Easley

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Christian was patient and easy to understand. clear, concise and thorough. he spoke “plain” English and was respectful. he did not “rush” and he responded to every question i had, in a timely manner. no matter how “dumb” it may have seemed. for example, i received some paperwork by mail and i did not understand it. i emailed him about it and he cleared it up that day. thats great customer service!

- Joong Park

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Really good, very knowledgeable and communicated with us every step of the way.

- Haartz Corporation/Tom Daigneault

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FAZ has a great team doing terrific work for our clients.

- Jim Towne

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Exceptional work produced.

- Matt Smith

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Thanks!

- Arrow Bank

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FAZ was very professional, knowledgeable and very fair priced. The work performed was prompt, accurate and reliable. I would absolutely hire them again if in need for additional accounting work.

- Arrow Financial Corporation

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Excellent to work with. Professional and personable.

- Cambridge Central School District

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Awesome team! They were a pleasure to work with. I would definitely recommend.

- Cambridge Central School District

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FAZ was extremely thorough and professional in doing our business valuation. We are very pleased with the results

- Anne Choppy

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Steve and GeNet were great at the valuation we needed. Very satisfied. Thanks,Vince and Anne

- Vincent M. Choppy

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Perfect

- Zalazar anelardo

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Gen'et and Paul were extremely responsive to our needs. They listened and responded to any concerns that we had. I would highly recommend them for any forensic engagement needs.

- Jennifer Mulligan

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Thank-you for asking. Our experience was excellent. The people at FAZ showed a depth of knowledge and experience that was very helpful with the undertaking before us. Well done.

- Guy Tombs

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The CPAs and staff at FAZ are truly amazing. They explain their process very well and always answered my questions right away. I highly recommend them for all your forensic accounting and evaluation services.

- Ashley Hart

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Excellent and responsible.

- Peter Lee

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Steve Ferraro did an excellent job and worked tirelessly as our expert forensic accountant witness. Based on Steve's hard work, the jury awarded every penny that Steve showed our client to be entitled to and completely rejected the conclusions of the opposing side's expert.

- Dave Paliotti

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Great firm!

- John Harwick

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The people at FAZ are amazing. They are true professionals. The staff is knowledgeable & kind. You feel like you matter. Anytime I have questions they take the time to go through everything in detail so I completely understand everything. I would definitely recommend FAZ.

- Dan Dagostino