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.

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.

Louis A. Festa  - Senior Consultant - Lou graduated from Long Island University in 1979 with a Bachelor of Science in Accounting. He is a seasoned financial executive with over 30 year’s experience. He has worked for both public and private companies. Lou began his career in Advertising. His talents were quickly recognized and he was asked to join the worlds leading television syndicator. He was part of a financial and business team that helped achieve a successful LBO. Lou has worked to bring about several acquisitions and negotiated lines of credit in excess of $100M. He was a key member of the team responsible for the acquisition of public company. He was responsible for relocating the world’s largest independent producers from New York to Los Angeles. Lou has held various financial positions including Controller, Chief Accounting Officer of a public company and has been a Chief Financial Officer for the past 12 years, for 10 of those years he was the CFO of the world’s largest independent production companies. Through his career he has acquired and sold many businesses, negotiated several loans, lines of credit and was involved in several Mergers and Acquisitions. He has run several businesses. While he was CFO he also functioned as a COO, CEO. Lou is a Board Member and Treasure of a New York City based charity. He is married and has one child. 

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