Listed in Accounting, Business Damages, Business Valuation, Computer Forensics, Computers, Construction (General), Construction Defects, Economics, Electrical, Electronics, Entertainment, Finance, Fraud, Garment & Apparel, Information Technology, Intellectual Property, Manufacturing, Pharmaceuticals
Range of Experience
Mr. Blum is an economic damages expert with more than 30 years of experience who opines on financial forensics, lost profits, royalty auditor professional competency and fraud. He is a world leading authority in royalty auditing and standards. He was a Big 4 Partner and was Chief Audit Officer at Beats Electronics until its sale to Apple. His career has been split between leading corporations (Disney, Occidental Petroleum, and Unocal) and accounting firms. He is the author of two books on financial terms in agreements (Oxford University Press & LexisNexis) and serves on the five member Board of Regents with the 75,000 member Association of Certified Fraud Examiners.
Complex Business Litigation and Intellectual Property Expert Witness
Mr. Blum has been an economics damages witness in approximately 50 matters. His testimony has been equally for plaintiffs and defendants in Federal, State, arbitration, and USITC matters. Case experience includes breach of contract, complex commercial litigation, patent, trademark, copyright, wrongful termination, false advertising, personal injury, energy, partnerships, and professional accounting standards related to royalty audits. His clients have won more than 90% of the cases where he has testified and his calculations have always been accepted over other experts. He has strong industry expertise in entertainment, apparel, energy, consumer products, construction, licensing, manufacturing, software, hardware, and toys. Sid was named Forensic Services Expert Witness of the Year in 2016 by Corporate America News.
Mr. Blum led the national royalty audit practices for Big 4 firms Ernst & Young and KPMG where he also wrote the global royalty audit methodologies. His clients have included industry leaders to individuals. Commonly audited industries include consumer products, electronics, software, apparel, media and entertainment, aerospace, automotive for trademarks, patents and copyrights. He also provides frequent talks on royalty agreements to bar organizations, law firms and at major events.
Fraud & Forensics
Having lead more than 1,500 forensic investigations, Mr. Blum was named the “Certified Fraud Examiner (CFE) of the Year” in 2012 by the 75,000 member global Association of CFE’s. Mr. Blum is one of five members of the Board of Regents of the ACFE for 2016-2017. The Board of Regents has sole authority over the admission of members, including but not limited to examination standards. The Board is also responsible for establishing, modifying and enforcing the CFE Code of Professional Ethics and all other matters necessary to maintain the high
World leading authority in royalty agreements, royalty audits, royalty standards, and royalty rates.
Experience in many industries.