Karolina Calhoun, CPA, ABV, CFF

Karolina Calhoun, CPA, ABV, CFF is a Senior Vice President with Mercer Capital. She specializes in valuation, financial forensics, M&A advisory, forensic accounting, damages, and further business and commercial litigation in a diverse range of industries on local, national, and international levels. Karolina graduated from Rhodes College with Bachelor of Arts in Business and Economics, as well as a Master of Science in Accounting. Prior to Mercer Capital, Karolina’s experience included Big Four audit and assurance (EY), investment banking, wealth management, and non-profit management.

Karolina serves as an expert witness for complex financial matters related to valuation, lost profits, IP, shareholder disputes, damages, business litigation, commercial litigation, marital dissolution, and further matters requiring financial, valuation, and/or forensic accounting expertise. Karolina has testified over 25 times in local & national matters and has been appointed by various courts as a court-appointed expert in both valuation and forensics.

Karolina served as the 2020 and the 2021 Valuation Chair of the AICPA’s Forensic and Valuation Services Conference, of which she also served on the planning committee for many years. She also served on the AICPA’s CFF Exam Writing Task Force. She is a past President of the Memphis Chapter of Tennessee Society of CPAs. In 2018, she received the Forensic and Valuation Services (FVS) Standing Ovation Award, presented by the AICPA to professionals for significant contributions in their specialty areas and in their communities. Currently, she is a member of the AICPA Business Valuations Committee and the American Academy of Matrimonial Lawyers (AAML) Foundation: Forensic and Business Valuation Division. Karolina is a frequent speaker on various valuation and forensic topics to attorneys, accountants, and business professionals.

Karolina is a contributing author to Financial Valuation: Applications and Models, 5^th Edition. With contributions by over 30 top experts in the field, this updated edition provides an essential resource for those seeking the most up-to-date methods, with a strong emphasis on applications and models. This book is used to teach the AICPA’s business valuation curriculum.

Professional Memberships

• The American Institute of Certified Public Accountants
  • Forensic and Valuation Services Section
    • Business Valuations Committee (May 2022 to present)
    • CFF Exam Writing Task Force (2019 to 2021)
    • Forensic and Valuation Services Conference Planning Committee (2018 to 2022)
      • 2020 & 2021 Conference Chair – Valuation
• American Academy of Matrimonial Lawyers (AAML) Foundation, Forensic & Business Valuation Division (February 2022 to present)
• The Tennessee Society of Certified Public Accountants
  • Memphis Chapter
    • Board of Directors (2015 to 2021)
    • President (2019 to 2020)
• Memphis Bar Association
  • Associate Member
• Memphis Collaborative Alliance – Financial Neutral (2018 – 2023)

Professional Designations

• Certified Public Accountant (Tennessee State Board of Accountancy)
• Accredited in Business Valuation (The American Institute of Certified Public Accountants)
• Certified in Financial Forensics (The American Institute of Certified Public Accountants)

Education

• Rhodes College, Memphis, Tennessee, (M.S., Accounting, 2010)
• Rhodes College, Memphis, Tennessee, (B.A., Business Administration and Economics, 2009)