Eugene G. Kershner
Partner, CPA
Gene is a co-founder and Partner specializing in supervising audit, review, due diligence, tax services for closely-held corporations, business control system implementations, and mergers and acquisitions. His clients include businesses in the manufacturing, employee benefit plans, retail, wholesale, service, and non-profit industries. Gene is also in charge of the Firm's quality control system and budget and finance areas.
Previously, he served as Internal Audit Manager for Goulds Pumps, Inc., a Fortune 1000 manufacturer, where he performed operational audits in a new systems environment. In addition, Gene was previously associated with a National accounting firm with responsibility for managing larger SEC clients as well as a range of closely-held clients.
His selected experiences include:
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Participation in a $20 million acquisition in Vienna, Austria on the due diligence team in which the purchase price was decreased by over $1.8 million as a direct result of adjustments noted in audit report.
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Prepared cash flow models and valuation analysis to assist in negotiations of buy out of minority shareholders that resulted in a reduction in the stock repurchase price of $1.4 million.
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Development of an inventory capitalization policy based on an internal study of corporate divisions for implementation in several businesses.
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Responsible for royalty audit of a $1.2 billion public company licensee for client resulting in $300K of underpaid royalties for client.
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Developed Business Process Service line in 1996.
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Expert witness testimony.
Gene's professional and community affiliations include:
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American Institute of Certified Public Accountants
- Buffalo Renaissance Foundation, Former President and Board of Directors
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Amherst Police Foundation, Treasurer and Co-Founder
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Greater Buffalo Sports Hall of Fame, Treasurer
- Creekview Cares Foundation, Treasurer
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National Horse Racing Correspondent, The Buffalo News
- National Turf Writers & Broadcasters Association, Member
- Alumni Association of Elmira College, Former Board of Directors and Treasurer
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Arthritis Foundation, Board Member of the Year (2002)
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Arthritis Foundation, National Volunteer Citation Award (1999)
Gene holds a BS in Accounting from Elmira College.