Sidney P. Blum, CPA, FACFEI, CFE, CPEA - JurisPro.com

Sidney P. Blum, CPA, FACFEI, CFE, CPEA (E) (H&S), CFF, CrFA, DABFA, RI
“Certified Fraud Examiner of the Year – 2012”
Range of Experience
Sidney Blum is one of the world’s leading royalty auditors. He currently works in-house
as the Head of Audit of a famous name brand consumer electronics and music company
having joined his largest client in September 2012.
He formally worked in public accounting as a Partner leading litigation support and
royalty audit practices. He has led hundreds of forensic investigations for various
industries and is particularly well known as a leading authority for contract compliance
forensic investigations with a special emphasis on royalty compliance assessments and
damage calculations. Mr. Blum has more than 25 years of experience. He was a Big 4
accounting firm partner and he was also an internal auditor with Fortune 50 companies
Occidental Petroleum, Unocal, and the Walt Disney Company.
His clients have included a vast number of industries such as media and entertainment,
apparel, pharmaceutical, biotechnology, consumer products, semi-conductor, high
technology, software, manufacturing, real-estate, distribution, and oil and gas.
His forensic investigations have been conducted around the world and he has served as
both an expert and factual witness for complex litigations. He has experience being hired
by both Plaintiff and Defendants.
Arbitration
1. Damage calculation: $200 million intellectual property suit for rail transportation
between a U.S. Fortune 50 company and a top European company. Non-disclosure
agreement signed. [Plaintiff] {Expert at trial within the last four years}
2. Damage calculation: Inappropriate disbursement of tips to managers instead of
employees. Non-disclosure agreement signed. [hired by Plaintiffs in Class Action]
3. Damage calculation: Partnership dispute. PVD Coatings vs. Neville [Defendant]
{Expert at trial within the last four years}
4. Damage calculation: A producer and talent suit related to an Oscar winning movie
involving production costs and distribution revenues. Donald Kushner, Charlize
Theron, Christian Ricci et al vs. Media 8[Plaintiff]
5. Damage calculation: Construction defect. Cardenas vs. Mulligan, et al [Plaintiff]
{Expert at deposition within the last four years}
6. Damage calculation: Wrongful termination related to leading sitcom director. Correll
vs. The Walt Disney Company [Plaintiff]
7. Expert witness: Failure of accountant to make findings from a royalty audit [Plaintiff]
8. Damage calculation: Free Films, Inc. v. EMP, Inc. Breach of contract in Partnership
distributions [Defendant]
9. Damage calculation: United States Polo Association vs. Jordache Jeans [Plaintiff]
Public Record
1. Damage calculation: $250 million complex ponzi scheme involving thousands of
investors Class action vs. Triad Holding Company (Adnan Khashoggi) [Plaintiff]

2. Damage calculation: An oil production company sued for an oil pipeline crossing
private property. Advanced Developing Holdings vs. Brea Canyon Oil[Defendant]
{Expert at trial within the last four years}
3. Damage calculation: An oil company supplier and oil company sued over trade secret
misappropriation and breach. Berg-Nelson Company vs. Advanced Sealing & Supply,
Chevron. [Plaintiff] {Expert at trial within the last four years}
4. Damage calculation: Misappropriation of assets in domestic dispute. Tawney Kitaen
vs. Phil Cyburt [Plaintiff]
5. Challenge to report of trustees: Dispute over trustee operations of valuable Napa
Valley properties. Estate Margaret Cairns [Plaintiff]
6. Damage calculation: Copyright infringement. LA Printex Industries vs. J.C. Penney
Company, Ross Stores, Kellwood Company, et el [Defendant] {Expert report –
2009}

19. Damage calculation – Water Rates. Cities of Cerritos, Signal Hill & Downey vs.
Water Replenishment District of Southern California [Defendant]
20. Damage calculation – Commissions/Special Damages. Karen Forman vs. Krengel
Spamer Vance LLC; dba Domain Talent Agency [Defendant] Testified in court June 2012
Damage Calculations – Not Under Litigation
• Damage calculation: A global fraud investigation of a studio division’s CFO that
eventually helped support a criminal conviction. Client: Warner Bros.
• Damage calculation: Employees and partners who created fraudulent financial
statements and stole major assets. [internal investigation leading to police arrest]
• Damage calculation: A kickback scheme involving a shipping supervisor of a Fortune
500 company. [internal investigation leading to police arrest]
• Damage calculation: Breach of contract construction defect. $850 million
construction project [Plaintiff]
• Damage calculation: Breach of contract – failure to sell a movie theater [Plaintiff]
• Partner dispute investigation: Theft of assets by partner.
• Royalty audits: Over 300 conducted and over 1,000 by staff. Over $8 billion of
royalties audited with findings of several hundred million dollars.
Publications
• Financial Elements of Contracts: Drafting, Monitoring and Compliance Audits –
Oxford University Press (2010)
• "Effective Licensee Monitoring," Intellectual Asset Management magazine
(February/March 2005)
• “Challenges in Global Licensee Monitoring," Global License! magazine (June 2007)
• "Dealing with IP Licensees Around the World," IP Law 360 (April 2008)
Presentations
• “Royalty Auditing: What IP Lawyers Should Know”
• “Monitoring 3rd Parties”
• “What Every Licensor Should Know About Royalty Auditing”
• “Legal Foundations of Licensing - The Royalty Audit and Accounting Issues”
• “Common Mistakes in Royalty Agreements”
• “Financial Elements of IP Contracts: Drafting, Monitoring & Compliance Audits”
(LES-January 2012)
• “Commons Mistakes in Royalty Agreements & Auditor Selection” (Bd Academy
webinar – January 2012)
• “Selected Issues in Dispute Resolution: Entertainment & Media Industry”
(Pepperdine School of Law / Strauss Institute for Dispute Resolution)– April 2012)
• “Forensic Accounting and Expert Witness Workshop” (Finance Education Resources
CPE - May 2012)
Certifications
• Certified Public Accountant (California & New York)
• Certified Fraud Examiner
• Fellow American College of Forensic Examiners Institute
• Diplomate of the Board of Forensic Accounting
• Certified Forensic Accountant

• Certified Professional Environmental Auditor:
• Health & Safety
• Environmental Compliance
• Certified in Financial Forensics (American Institute of Certified Public Accountants)
• Registered Investigator
Education
• California State University, Northridge – BA, Business Administration, Accounting
Major. (Cum Laude)
Honors and Awards
• “Certified Fraud Examiner of the Year” – 2012 (60,000 member association of
CFE’s)
Professional and Business Experience
Head of Audit
Music/Consumer Electronics Company (2012 – present)
Partner – Royalty & Contract Audit and Litigation Support
Green Hasson Janks (2009 - 2012)
• Partner in charge of royalty & contract audit and litigation support
Principal In Charge of Forensic Advisory Services
Stonefield Josephson, Inc. (2008 – 2009)
• Principal in charge of three principal forensic advisory, valuation and litigation
support department.
• Managed department.
• Officer with the highest utilization until resignation date in September 2009.
• Highest number of new corporate clients to firm during tenor with firm.
• Only employee with Fortune 100 size clients (Diageo, Sony, Viacom)
Partner – Advisory Services
KPMG, LLP (2003 – 2008)
• Created Contract Compliance Services Practice that grew from $2 million to $20
million in California within five years.
• Partner in the Intellectual Property Contract Compliance group of KPMG
• Led litigation support for entertainment clients.
• Wrote global contract compliance and royalty audit methodologies.
• Lead internal audit partner over two financial/insurance companies.
• Lead advisory service Partner for several clients. Responsibilities include consultation
on business operations, information technology, budgeting, organization process
improvements, and partner relationships along with many other areas.
• Responsible for budgeting, staffing, collections, and development of new business
opportunities.
• Work closely with “C” level management of clients.
• Frequent guest speaker at public forums and conferences.
• Expert witness testimony.
• Recognized as top selling Partners.

Group Director, Director, Assistant Director, Senior Manager and Manager
Ernst & Young (1997- 2003) [Internal Audit Services]
• National IAS Leader: Fraud and Forensics.
• All evaluations at were “Exceeds Expectations” or “Exceptional.” The only employee in
100 person plus department to maintain this ranking over the six year period.
• Area IAS Industry Leader for Manufacturing and Distribution clients.
• Highest annual sales goal in the department including more than Partners.
• Annual managed revenues exceeded $3 million.
• Area IAS Industry Leader for Entertainment, Technology and Communication clients.
• Key contact to many of the most significant area clients.
• Third person hired to IAS department in Southern California and played a leading role
in helping to grow the department to over 100 professionals.
• Executive experience included:
• Working closely with Internal Audit Vice Presidents and/or CFO’s in starting and
maintaining their Internal Audit department and implementing best practices.
• Board of Directors presentations.
• Establishing and monitoring budgets and personnel.
• Member of the Executive Leadership Team for area Internal Audit Services.
Accounting Manager and Internal Audit Manager
The Walt Disney Company (1995 – 1997)
• Responsible for various accounting department activities including monthly closures,
review of reconciliations, forecasting, and a wide variety of special reports.
• Started two Internal Audit Departments (one for Disney Consumer Products
(software) and one for Buena Vista Home Video). Developed annual audit plan and
budgets, hired and supervised staff, ensured compliance with plans and prepared and
presented final reports.
• Presented audit results to division executive management.
• Key Finance Department management member developing reporting methods.
• Wrote corporate policies and procedures for both divisions.
Senior Internal Auditor
Unocal Corporation (1992 – 1995)
• Specialized in oil production and distribution.
• Supervised domestic and international engagements.
• Selected for the most confidential of internal audits and consulting engagements.
• Responsible for internal forensic investigations.
Senior Internal Auditor, Staff Internal Auditor
Occidental Petroleum Corporation (1990 – 1992)
• Specialized in oil, gas and chemicals.
• Developed internal audit programs for multiple new areas including
drilling/exploration, safety and environmental.
• One of less than 10 auditors who was not affected by three different sets of layoffs in a
department of 25 plus auditors.
• Supervised domestic and international engagements.
Senior Auditor, Staff Auditor
Ernst & Whinney (1986 – 1990)
• Focused work primarily on forensic investigations and financial statement audits.