The Nottingham Group > About Us > Karl A. Jarek, CPA, ABV, CFS

KARL A. JAREK, CPA, ABV, CFF

Karl Jarek is a Managing Director with The Nottingham Group, LLC. Since 1991, he has specialized in forensic accounting, litigation consulting and business reorganization. Karl consults with attorneys and their clients in a variety of business disputes, including bankruptcy, breach of contract, business valuation, construction claims, environmental claims, fraud investigations, insurance claims and patent infringement. He assists with initial case assessment, investigative strategy, the discovery process and the evaluation and preparation of expert witness reports. Karl has spoken at seminars and has written articles on the topics of fraud investigation, intellectual property licensing and valuation as well as litigation support issues. His industry experience includes agriculture, banking, brokerage, construction, engineering, health care, high technology, leasing, manufacturing, mining, real estate and retail.

Before joining The Nottingham Group in 2007, Karl was a shareholder with a regional CPA firm based in Pittsburgh. He was also the Director-in-Charge of the Financial Advisory Services practice of PricewaterhouseCoopers in Pittsburgh. In this capacity he managed a staff of ten professionals and directed a consulting practice in the areas of litigation support, fraud investigations, business reorganizations and bankruptcy.

Karl has testified before the U.S. District Court for the Western District of Pennsylvania and the Southern District of Ohio, the U.S. Bankruptcy Court for the Western District of Pennsylvania and the Court of Common Pleas of Allegheny, Beaver, Butler, Cambria and Greene Counties, Pennsylvania. He has also testified before the Commonwealth of Pennsylvania Board of Claims and the Commonwealth of Pennsylvania Department of Labor and Industry. He is an experienced arbitrator, having served in this capacity in both complex and simple matters for the American Arbitration Association.

Karl started his career as an auditor in the mid-1980s with the international accounting firm now known as KPMG. As an auditor, Karl worked in a variety of industries. His responsibilities included designing audit programs and related budgets, preparation of financial reports and supervision of staff in completing the audit. He also prepared and presented recommendations to clients to strengthen internal controls and improve operating performance.

Karl also has hands-on experience in the accounting and finance department of a publicly traded corporation. He acted as Controller for Grant Street National Bank, the $1 billion "bad bank" spin off of Mellon Bank Corporation in 1988. In this position, Karl designed and implemented accounting controls and procedures for this start-up corporation. He also developed and maintained on-going financial reporting to management, the board of directors, shareholders, the SEC and other regulatory agencies.

In addition to being a Certified Public Accountant, Karl is Accredited in Business Valuation and Certified in Financial Forensics through the American Institute of CPAs ("AICPA"). Karl is a member of the AICPA and the Association of Certified Fraud Examiners. He received his Bachelor of Science degree from Waynesburg College and his Master of Business Administration from the University of Pittsburgh.

Back to Biographies page

Biographies of Our Managing Partners

One Gateway Center, Suite 700

420 Fort Duquesne Boulevard

Pittsburgh, PA 15222

T: 412.288.9948 | F: 412.338.0357