 William Baskett has more than 30 years experience in forensic accounting, auditing, consulting, insurance loss calculations, financial analysis and general accounting in both industry and public accounting.Mr. Baskett earned his Bachelor of Science in Business Administration with a major in Accounting from the University of Tennessee, where he graduated with honors. He earned a Masters in Business Administration with a concentration in Finance from Oklahoma State University, and a Masters in Taxation from The University of Tulsa. Mr. Baskett is licensed within the state of Georgia as a Certified Public Accountant (CPA) Certified in Financial Forensics (CFF). He is also a Certified Valuation Analyst (CVA) and a Certified Fraud Examiner (CFE) where he serves as a member of the Board of Directors of the Georgia Association of Certified Fraud Examiners (GACFE). From 1978 through 1980 Mr. Baskett worked in public accounting for a large local CPA firm and an international CPA firm in Memphis, Tennessee where he performed audits, prepared tax returns and provided various other accounting services. From 1980 through 1992, he was employed by Phillips Petroleum Company (now ConocoPhillips) and Occidental Petroleum Company (Oxy). With both Phillips and Oxy, Mr. Baskett prepared the budgets and forecasts for their multi billion dollar oil, gas and natural gas liquids divisions along with conducting economic analysis for asset acquisitions and expansion of existing operations. Mr. Baskett started his career in forensic accounting in 1993 when he went to work for an international consulting firm. There he handled loss of business income insurance claims, corporate dispute litigation cases and loss of income claims due to catastrophic events both domestically and internationally. In this capacity he headed up the analysis and determination of the economic damages for the physical loss incurred by the Kuwait Oil Company as a result of the first Persian Gulf War of 1990 and 1991. In 1996, he testified before the United Nations Compensation Commission in Geneva, Switzerland on the claim for damages. After his testimony and subsequent work with the United Nations Compensation Commission’s consultants, over $20 billion, representing nearly every dollar requested, was approved for payment to the Kuwait Oil Company resulting in the largest single claim ever approved for payment at that time in history. Due to the success of the Kuwait Oil Company claim, Mr. Baskett was requested to prepare the lost profits claim suffered by Saudi Arabia Texaco’s oil refinery that was also destroyed in the first Persian Gulf War. The lost profits for this claim were ultimately approved for payment at an amount very close to the amount determined by Mr. Baskett. From 1999 to 2010, Mr. Baskett worked for an international forensic accounting firm and a regional CPA firm as Senior Manager over Economic Damages in their respective forensic accounting and litigation support divisions. In this capacity, Mr. Baskett determined economic damages for lost profits for a variety of industries involving various types of corporate disputes. In addition, he prepared asset tracing and assisted in the division of assets for failed marriages, prepared loss of earnings and benefits calculations as a result of personal injury or wrongful death and determined loss of business income for insurance claims and insurance defense cases. In many of these cases, Mr. Baskett served as the expert witness by preparing expert witness reports and testifying at deposition and trial. Mr. Baskett is a published author and has given frequent presentations on economic damage calculations both domestically and internationally. He is a regular presenter on Loss of Business Income calculations at Crawford University in Atlanta. As a volunteer, Mr. Baskett has traveled internationally to Tarnov, Poland; Tunis, Tunisia; Beijing, China; and the Northern Caucus of Russia, where he gave business presentations and worked with small business owners, assisting them in starting new businesses and expanding existing operations. Mr. Baskett is a member of the following organizations:
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