Harold Martin MBA CPA

Harold Martin

Adjunct Professor

Area: Accounting
Phone: (804) 273-6240
Email: [[m|harold.martin]]
Office: Off Campus


Harold is an adjunct faculty member of William & Mary, Raymond A. Mason School of Business. He has taught forensic accounting in the Master of Accounting program for 14 years, and has also served as a guest lecturer on valuation for the M.B.A program and the Marshall-Wythe School of Law.

Harold is the Partner-in-Charge of Valuation and Forensic Services for Keiter, a certified public accounting and consulting firm located in Richmond, Virginia.  He is also a member of Keiter’s Executive Committee.   He has over 35 years of experience in financial consulting, public accounting, and financial services.  He has qualified as an expert witness before the U.S. District Court, U.S. Bankruptcy Court, various circuit courts, the American Arbitration Association, and the National Association of Securities Dealers.   He has been appointed by U.S. District Courts as a forensic accountant on cases in which he collaborated with the Securities and Exchange Commission and the Federal Bureau of Investigation. He has also been appointed by the U.S. Office of the Federal Public Defender as a consultant on major fraud cases. He was also recently retained by the U.S. Department of Justice as a consultant/expert in a litigation to be tried before the U.S. District Court.

Prior to joining Keiter, he was affiliated for 13 years with two of the “Big Eight” (now “Big Four”) international accounting firms, serving as a Director responsible for managing the Financial Advisory Services practice for Coopers & Lybrand’s Richmond, Virginia office and as a Senior Manager in Management Consulting Services for Price Waterhouse. He also served as a Direct Loan Officer in retail banking at First & Merchants National Bank.

Harold is a member of the American Institute of Certified Public Accountants Business Valuation Hall of Fame and is a two-time recipient of the AICPA Business Valuation Volunteer of the Year Award. He serves as an instructor for the AICPA National Business Valuation School and AICPA Expert Witness Skills Workshop, and is a former instructor for the AICPA ABV Exam Review Course. He is a former member of the AICPA Business Valuation Committee, former Chair of the AICPA National Business Valuation Conference Steering Committee, former commissioner of the AICPA National Accreditation Commission, former editor of the AICPA ABV e-Alert, and former editorial adviser and contributing author for the AICPA CPA Expert. He created and serves as chair of the Virginia Society of Certified Public Accountants Business Valuation, Fraud, and Litigation Services Conference. He is a former member of the VSCPA’s Board of Directors and former chair of the Business Valuation Committee and Litigation Services Committee. He was selected as a “Super CPA” in peer surveys conducted by Virginia Business and the VSCPA. Harold is certified by the American Institute of Certified Public Accountants as a Certified Public Accountant (CPA), Accredited in Business Valuation (ABV), and Certified in Financial Forensics (CFF); by the American Society of Appraisers as an Accredited Senior Appraiser in Business Valuation (ASA); and by the Association of Certified Fraud Examiners as a Certified Fraud Examiner (CFE).

He is a frequent speaker and writer on valuation and forensic accounting. He is a co-author of Financial Valuation: Applications and Models, 1st - 4th ed., a contributing author to Cost of Capital: Estimation and Applications, 2nd - 4th ed., an expert panelist for Financial Valuation and Litigation Expert, an Editorial Board member for Business Valuation Update, and a member of the VSCPA Editorial Task Force for Disclosures.  

He received his A.B. degree from William & Mary and his M.B.A. degree from Virginia Commonwealth University where he was a member of Beta Alpha Psi (National Accounting Honorary).

Areas of Interest/Expertise
  • Valuation
  • Forensic Accounting

Co-author of Financial Valuation: Applications and Models, 4th ed., edited by James R. Hitchner (New York: John Wiley & Sons, Inc. 2017).

Contributing author to "Iterative Process Using CAPM to Calculate the Cost of Equity Component of the Weighted Average Cost of Capital When Capital Structure is Constant", a chapter in Cost of Capital: Applications and Examples, 4th ed. Workbook and Technical Supplement, by Shannon P. Pratt and Roger J. Grabowski (Hoboken: John Wiley & Sons, Inc., 2010), 34-48.