Richard J. Sowan
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Richard-J-Horan-BKMSH-Managing- PartnerDesignation

Managing Partner

As managing partner, Richard brings wide-ranging experience from more than 40 years in public accounting. He works with growing and mature businesses, both public and privately held, with assets ranging from $40 million to $4.5 billion, and his background encompasses a high degree of concentration in assurance services. Richard has extensive experience in mergers and acquisition and quality in earnings engagements.
Richard has served as an arbitrator in accounting malpractice and business dispute matters.


Certified Public Accountant (CPA), Texas


BS, Accounting, Florida State University


Audit & Assurance
Dispute Resolution, Litigation, and Forensic Accounting


Real Estate (developers, REITs and home builders)
Healthcare (long term care and physician practices)
Petrochemical refineries (specialty chemical refineries and oil and gas refineries)
Financial Services (mortgage banking, settlement trusts and private equity)
Professional Services (staffing companies and investment management)
Not-for-Profits (including Single Audit)
Logistics and transportation (short-line railroads, freight forwarding)
Construction (general contractors and specialty sub-contractors)
Hospitality (food & beverage, franchisees and hotels)

Professional Involvement:

American Institute of Certified Public Accountants (Past Member, Oil and Gas Conference Committee; Past
Member, Technical Standard Subcommittee and Real Estate Committee)
Texas Society of Certified Public Accountants (Past Member – Professional Standards Committee; Past
Member – Practice Issues Committee; Past Member – Professional Ethics Committee)
National Association of Real Estate Investment Trusts (Past Member)
Texas Mortgage Bankers Association (member)
American Arbitration Association (Past Member)
International Institute for Conflict Prevention and Resolution (Past Member)

Community Involvement:

Exchange Club of East Dallas (Past President and senior member)
Richardson YMCA (Past President)
Pro Bono audit and tax work for Jubilee Park and Recreation Center (Fair Park redevelopment)
Pro Bono audit work for Miles of Freedom (prison inmate and parolee reintroduction to the workforce)
Pro Bono audit work for Grant Halliburton Foundation (suicide prevention)
Pro Bono audit work for Aspire to Learn (formerly Aberg Center for Literacy) (adult learning)

Publications and Speeches:

“New Disclosures for Derivatives”
“Guidance on the Mutual Interpretation of FIN 46(R) and SFAS 167”
“Business Combinations: Accounting for Contingent Consideration ASC 805-30-25”
“New Disclosure Requirements about Subsequent Events”
“FASB Tightens Accounting and Reporting Rules on the Mortgage Industry”

Presentation Topics:

“FAS 141R and FAS 160: Business Combinations and Non-Controlling Interests”
“The JOBS Act: Implications for Capital Markets and Private Equity”