MSC is a consulting firm specializing in crisis management for troubled companies, forensic accounting, internal management accounting, controls, and MIS systems. Our staff of professionals is comprised mainly of Certified Public Accountants, many of them with Big Five accounting experience, and other financial, MIS and CAS experts.

MSC was formed to fill a void in the business environment. We have found that many businesses do not have either the personnel or the resources to provide management with the information needed to quickly respond to changes in economic conditions. As forensic consultants, MSC uses its knowledge base of operations, accounting, and systems to accurately recreate and interpret historical financial information.

MSC has provided services to financial institutions, public corporations and privately held corporations in a variety of industry areas. We have an excellent track record and are recommended by major accounting firms, banks and law firms to provide a cost effective solution for their clients.

PRINCIPAL PROFILE

David Mandelbaum CPA Co-Founder - David graduated Magna Cum Laude from Touro College in the early '80s with a B.S. in Accounting and received his C.P.A. license. David served in public accounting with a number of mid-size firms and started his own successful practice in 1989. He is an expert in MIS, computerized accounting techniques, financial data analysis, financial business plan and projection analysis and creation. His client base consisted of national fast food franchises, electronic equipment distributors, labor unions, real estate developers, apparel industry, manufacturing and insurance industry accounts. He has represented clients before the New York State Sales Tax Authority audit division and forensically accounted for a number of years of activity to the satisfaction of the State authority. Over the years he has conducted various seminars on financial accounting and tax issues. He founded MSC in 1993 with Barry Sorrentino. David is married with 3 children and is a member of the NYSSCPA.

Barry Sorrentino Co-Founder – Barry graduated from Pace University in the late '70s with a Bachelor of Business Administration majoring in Accounting. He was controller of Collectors' Guild International Inc., a direct mail / manufacturer with sales in the eight figure range, from 1975 through 1980 and was instrumental in taking the company public. He then became the Chief Financial Officer, from 1981 through 1992, of APF Holdings Inc., an affiliate of Collectors’ Guild International Inc. He created a computerized cash flow reporting system, which enabled the company to receive a new asset based loan at half the previous cost. Barry has dealt with major banks and finance companies to create financing opportunities. His extensive background included a strong emphasis on operational management, cash flow management and controls. He founded MSC in 1993 with David Mandelbaum. Barry is married with 3 children and is a member of numerous credit and financial industry associations.

Neil Goldstein, Principal – Graduate of Pace University in 1973 majoring in Accounting and Finance. He began his career in Public accounting and later changed to the private sector where he held various positions from staff accountant to Senior Auditor, Data Processing Manager, Chief Financial Officer, Vice President of Finance and President. For the past nine years, Neil has consulted with a number of companies in various industries and helped turn losses into profits while negotiating with foreign governments for incentives; union leaders and their lawyers; banks and other lending institutions as well as potential merger suitors. He has also worked with lawyers, accountants and brokerage companies on Private Placement Memorandums and IPO’s. Often Neil’s work has varied from factories in foreign countries to domestic warehouses, meeting with clients across the country and sales trips abroad. With hand’s on factory and production expertise, Neil has helped companies streamline their factory operation, improved controls in import and export of inventory, and changed from line to module systems in factories to increase production. With his financial guidance, he has assisted companies in acquiring new financing. Provided projections and budgets for banks, improved internal reporting of financial information to management and helped motivate staff to accomplish set goals. Neil has also helped clients in acquiring new computer systems and then assisted in the implementation. Neil is goal oriented, and his ability to initiate creative business approaches in various industries enhances a company’s sales and profitability.

Key Personnel Profile

Robert (Bob) Moss, Director of Business Development - Bob graduated from Pace University. He has spent over 30 years in management positions in a variety of industries including banking, factoring, consulting and manufacturing. Bob's varied background is both in credit, accounts receivable and business development. He was a senior credit officer for a large international bank and was responsible for all workouts, director of credit for a fortune 1000 company and a credit executive in the factoring industry. Bob had his own consulting business for several years and most recently was business development manager for a large national accounts receivable and chargeback company. Bob has extensive experience in most consumer product industries, importing and trade finance. He has done many presentations and speaking engagements on chargebacks and accounts receivable management before banks and accounting firms as well as various groups including the NYSSCPA'S and New York Institute of Credit ( for CPE credit for CPA's).

Conrad J. Isoldi, Director of Strategic Solutions – Conrad is a graduate of Bernard Baruch College. He has spent over 40 years in key management positions in both financial and non-financial organizations addressing, defining and implementing key strategies, which have enhanced the profitability, operating efficiency and overall control of the assets of the business segment. As Sector Controller of the Retail Banking component of a large commercial bank, Conrad played a key role in the establishment and growth of that business into one of the most profitable, well controlled and managed business segments of that organization. Financial procedures and disciplines were implemented within an established strategic framework. The profitability of all business units were determined, analyzed and measured against budgets developed on a monthly basis. This provided management the ability to take necessary actions at the appropriate time (exit business, stay and grow, reduce future capital allocations, etc). Management was given the tools required to know quickly where the business challenges were, the impact on profitability and what decisions needed to be made.
Subsequent responsibilities at other financial and non financial entities focused on streamlining and shortening the month end closing process, the establishment of an integrated strategic and profit planning process, operational reengineering, performance measurement, acquisition integration, cost containment, technology upgrades, evaluation of best practices, monthly management reporting geared to effective decision making, etc. In all cases, a close working relationship was established with both the internal and external auditors as well as the appropriate regulators to “avoid surprises”. Conrad has demonstrated ability to work directly and closely with client management to define the challenges they are concerned with, offer and assist in the implementation of “Time is of the essence” solution/s to increase and maximize entity profitability and shareholder value.

Kenneth S. (Ken) Johnson, General Manager Collateral Audit – Ken, graduated from Pace University with a BA in Accounting and Economics, and earned his MBA from Fordham University. A CPA with over 25 years of diverse experience, Ken served in financial management positions with several Fortune 500 and entrepreneurial organizations prior to joining with MSC. He has supervised, reviewed and conducted numerous collateral examinations for banking and other clients lending under factored or asset-based credit facilities. Ken has lectured for the American Management Association, is a member of the AICPA, NYSS of CPAs, the Institute of Management Accountants, and the Center for Entrepreneurial Management.

Stephen C. O’Donnell, Director - Steve has been in executive management for over 14 years in the positions of Plant Controller, Director of Finance, Chief Financial Officer, Chief Operating Officer, President and Chief Executive Officer. Steve has experience in both the for-profit and non-profit sectors. The for-profit sectors include the defense, manufacturing, retail and the internet industries. The non-profit sector includes the areas of housing, human services, criminal rehabilitation and mental health. Steve has been very successful with bankruptcy recoveries, turnarounds and crisis management, as well as fraud and embezzlement investigations. He is a graduate of Manhattan College and received his Masters in Business Administration from Dowling College. Steve is a member of the Institute of Management Accountants (IMA) with over twenty-five years of business experience encompassing consulting, program management, cash management, financial analysis, general accounting, and budgeting.

David Nadler, Director - David, has been a working CFO since 1986. David has held various executive level positions and acted as a team leader for special projects for publicly held companies with revenues as high as $1B. In his various capacities including Chief Financial Officer, Controller, Vice President of Finance and Operations, David worked with companies involved with Internet Technology, logistics, precious metals, manufacturing, import and distribution among others. From 1974 to 1986, he was principal of David Nadler & Company, CPA, P.C., which provided accounting, tax and financial consulting services. He is a graduate of Pace University and a member of the AICPA, NYSSCPAs, Turnaround Management Association (TMA) and Risk Management Association (RMA). David offers over twenty-five years of business management, financial analysis, consulting, general accounting, tax, audit and budgeting experience. He is a CPA with diversified industry exposure, exceptionally strong analytical and problem solving skills and a track record of achievement.

Stuart M. Cohen, Senior Advisor – Graduate of Baruch College, with a BBA, received his certificate as a CPA in New York State in 1962, has over 40 years of diversified experience in public accounting and management positions. Stuart was a partner in a small to mid-size public accounting firm from 1966 thru 1990, handling a variety of small to medium size businesses, specializing in textile-apparel, importers, jewelry and fur trades, retail and manufacturing. His firm also had a specialty practice in insolvency matters, including reorganizations, restructuring and trouble loan workouts. He joined a leading outerwear apparel company in 1991, as Executive-Vice President. For over 10 years he managed the Company’s New Jersey back office operations and finance and played a vital role in the Company’s acquisition activities, business planning, treasurership and overall financial management. He is still with that firm as advisor to ownership and senior management. Stuart brings to the table an expansive experience base and business background with which to assist owners and managers in their strategic planning to achieve their financial objectives, development and growth.

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