Igor Kostioutchenko
Partner
CPA, CBV, CFE, CIA
An alum of the University of Toronto’s Rotman School of Management, Igor’s areas of expertise center around assurance and advisory where he attends to complex areas of accounting, finance and valuations. Working with organizations to address needs related to financial reporting, transaction advisory, and supporting capital raises, Igor aims to provide timely insight and advice. In supporting individuals through matrimonial disputes, acquisitions and divestitures, and resolving financing requirements, he leverages extensive knowledge in financial modelling, market research, and his network.
Designations and Licenses
- Chartered Professional Accountant (CPA)
- Chartered Accountant (CA)
- Chartered Business Valuator (CBV)
- Certified Internal Auditor (CIA)
- Certified Fraud Examiner (CFE)
- Licensed Public Accountant (LPA)
Post-Nominals
- Canadian Forces’ Decoration (CD)
Employment History
- Deloitte LLP (2008-2014)
- Collins Barrow LLP (2014-2017)
- K&P CPAs PC (2017-Present)
Selected Valuation Engagements
- Divestiture in the infrastructure investments space, having a valuation in the range of $100-125M;
- Divestiture in the technology space, having a valuation in the range of $50-75M;
- Financing in the automotive retail space, having a valuation in the range of $25-50M;
- Acquisition in the healthcare-adjacent space, having a market valuation of under $25M;
- Restructuring in the information technology space, having a market valuation of under $25M;
Selected Cases
- Alleged misappropriation of assets by a member of management at a regional hospitality organization;
- Alleged financial statement fraud by a member of senior management for a chain of restaurants;
- Alleged embezzlement by an officer at a local retailer of seasonal goods;
- Alleged larceny by a senior member of management at a national retailer;
- Alleged fraudulent disbursements by a member of management at a private financial institution;
Selected Market Transactions
- Equity raise on the TSX-V in the digital media space, at a valuation of $41M;
- Initial public offering on the TSX in the healthcare space, having a market valuation of $28M;
- Reverse takeover on the TSX-V in the digital advertising space, having a market valuation of $3.2M;
- Reverse takeover on the CSE in the agriculture space, having a market valuation of $2M;
- Reverse takeover on the CSE in the technology space, having a market valuation of $1.5M;
Professional Associations
- Part-time practice inspector for the Chartered Professional Accountants of Ontario (CPA Ontario);
- Vice-chair of the Small and Medium Practices Advisory Committee with CPA Ontario;
- Mentor for the University of Toronto’s Entrepreneurship Hatchery, a provincial incubator for start-ups;
- Member of the Prospectors & Developers Association of Canada (PDAC);
- Holder of various director positions on public, private, and advisory Boards;
Recent Articles
Introduction Canada is currently experiencing a significant demographic shift that is reshaping the landscape of wealth distribution: the inter-generational transfer…
Introduction Clients often approach us inquiring about what a business valuation entails. Their interest stems from many situations that include:…
Introduction Business owners often benchmark their businesses against a rule of thumb to identify a preliminary valuation for their business….