Rick Westerman

Academic Area

  • Accounting
  • School

  • Busch School of Business
  • Expertise

  • Litigation Support
  • Internal Auditing
  • Transaction Due Diligence
  • Rick Westerman provides advisory services in diverse areas including litigation support, internal auditing, transaction due diligence, and business process improvement. He specializes in forensic accounting including fraud investigations and damage calculations and has over 25 years of experience in accounting operations, internal control over financial reporting, and automated financial systems. As CFO of a $170 million manufacturer, Rick led initiatives supporting a $42 million working capital improvement program including vendor terms management, receivables collection strategies, and inventory efficiency programs. He was an executive team leader in a $5 million enterprise resources planning software implementation with full responsibility for financial modules.

    Rick also led the corporate-wide budget preparation, executive review, and presentation to Board of Directors and major financial institutions. As Director of Internal Audit for a $300 million vertically integrated manufacturer and retailer, Rick implemented a Sarbanes-Oxley based Committee of Sponsoring Organizations (COSO) audit approach. He structured the audit function by using risk modeling questionnaires and aligning efforts with management strategies. He also led due diligence efforts, reporting results to executive management, external auditors and the Board of Directors. Rick teaches forensic accounting as an adjunct professor at The Catholic University of America.