Davis, Kinard & Co., P.C.
First Financial Bank Building
400 Pine St. Suite 600
Abilene, Texas 79601-5128
phone: 325-672-4000 /
800-588-2525
fax: 325-672-7049
e-mail: dk@dkcpa.com

 

Scott McDonald, CPA
smcdonald@dkcpa.com
Position:
Chairman
Audit Shareholder (Principal)
Employment:
Shareholder (Principal)
Davis, Kinard & Co., P.C.
1983 - present
Abilene, TX
Vice-President, Finance
Farr International
1980-1983
Houston, TX
Senior Accountant
Harrell, Radar, Ward & Bonner
1978-1980
Palestine, TX
Education:
Bachelor of Business Administration
Baylor University
1978
Waco, TX
Certified Public Accountant
Certificate Number 23560
1980
State of Texas
Experience:

Scott is the shareholder in charge of audits of commercial and financial institutions audited by the firm, providing more than 25 years of experience in litigation support, investigative services, auditing, accounting and other consulting services to the Federal Deposit Insurance Corporation, Resolution Trust Corporation, financial institutions, oil and gas and other commercial entities. In addition, he also has more than 14 years of experience as a peer review captain.

His other significant experience includes applying government auditing standards, specifically compliance auditing utilizing standards established by the “Yellow Book” and single audits in accordance with OMB Circulars A-128 and A-133.

Scott’s financial institution experience includes loan and real estate reviews in conjunction with acquisitions, as well as independent analysis of valuation allowances. Consultation services include mergers and acquisitions, profitability analysis and recommendations, loan review and relations with regulatory agencies. In addition, he has participated in fraud investigations involving financial institutions, including field investigation, testimony and interrogatory responses.

Scott has developed and instructed professional development courses on commercial and financial institution auditing, as well as application of generally accepted accounting principles to a wide variety of industries. He has addressed professional and industry groups regarding financial institution fraud, auditing and professional liability.

Professional:

American Institute of Certified Public Accountants (AICPA) U.S. Auditing Standards Board-Member of the Materiality Task Force and chairman of the Audit Documentation Task Force, which produced Statement on Auditing Standards No. 96, Audit Documentation. Currently serving on the AICPA Joint Quality Control Standards Task Force. Additionally, served on the AICPA Professional Ethics Committee.

Abilene chapter of the Texas Society of Certified Public Accountants-current member; past President, Vice-President and Treasurer. Also serves on the Texas Society of CPA’s Financial Institution Committee.

Publications:

Practitioners Publishing Company (PPC), “Guide to Audits of Financial Institutions,” Warren, Gorham & Lamont, New York, New York (1993-2006)

Practitioners Publishing Company (PPC), “Guide to Audits of Small Business,” Thomson, New York, New York (2005-2006)