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GARIBALDI NAMED TO LIBN WHO'S WHO IN FORENSIC ACCOUNTING

GARDEN CITY, NY, October 19, 2004 -- Michael J. Garibaldi, CPA/ABV has been named to Long Island Business News list of Who's Who In Forensic Accounting. Garibaldi is President and chief executive officer of Israeloff, Trattner & Co., CPAs, PC, and the officer in charge of the firm's Law Firm Services, Forensic Accounting, Litigation and Valuation Consulting Group.

Michael Garibaldi is responsible for the firm's strategic planning and overall firm policy decisions. He is also responsible for client contact, development and satisfaction in providing the firm's range of services in accounting, auditing, tax, computer and management consulting areas, in accordance with client needs.

Businesses approach Garibaldi to handle fraud audits in order to uncover misappropriated assets; business valuations to identify the true economic income of a company; and damage analyses to determine the amount of losses a company suffered due to the actions or inactions of another party.

To help prevent fraud within a firm, Garibaldi said it is imperative to examine, review and perhaps redesign the internal control procedures of a business. "This includes internal controls of the financial assets, as well as the internal controls that affect operations and procedures," he said. "This will not only detect fraud, but may prevent it from occurring in the first place."
Forensic accounting is often necessary in shareholder/partner actions to ascertain the amount, if any, a shareholder or partner may have been denied by the controlling shareholder. "In these cases we are called in to review books and records, trace transactions, follow the flow of funds, and in many instances, uncover where monies were diverted or siphoned off from business operations, thereby cheating the non-controlling/minority shareholder or partner out of their fair share of profits," Garibaldi said.

A business valuation and forensic accounting specialist, Garibaldi works closely with law firms and other professional practices, closely held businesses, retail chains, and large multi-million dollar real estate groups where he is responsible for providing accounting and management consulting services, business valuations, tax planning and financial reporting.

Garibaldi qualifies as an expert witness on valuation matters in New York Supreme, Nassau Supreme, Suffolk Supreme and Westchester Supreme courts and has been called upon by the courts to serve as a neutral expert. He is a candidate member of the American Society of Appraisers; member of the Institute of Business Appraisers; and president-elect and member of the board of directors of the Nassau Chapter of the NYS Society of Certified Public Accountants. He is also a member of the Long Island Chapter of The American Society of Appraisers and the American Institute of Certified Public Accountants, NYSSCPA and the Association of Certified Fraud Examiners.

Israeloff, Trattner & Co., CPAs, PC is one of the region's leading certified public accounting, financial and management consulting firms with offices located in Garden City and Manhattan. The Firm provides a wide range of services for individuals and businesses in a number of industries. Their many services include accounting and auditing, forensic accounting, fraud engagements, business, professional practice and license valuations, domestic and international tax planning and compliance, merger and acquisition consulting, management consultation, technology, human resources and marketing consulting, financial and estate planning. Affiliated offices are located around the world.

For more information, call or write Israeloff, Trattner & Co., P.C., 1225 Franklin Avenue, Garden City, NY 11530, 516-240-3300, or visit the web site at www.israeloff.com.

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