Velorum is derived from the latin word valorem, which stands for “value”. At Valorum, we provide you with value in terms of quality and service.
Velorum, and its predecessor, dates back to 2009. Starting out as a boutique consulting firm focused exclusively on transfer pricing consulting, Velorum has expanded its suite of services over the years to include valuation and corporate finance services to more comprehensively address the concerns of small & medium-sized entities (SMEs) as well as multi-national enterprises (MNEs).
Velorum’s principal is David Prowse CPA, CA. David is an twenty-year professional in providing transfer pricing services to various clients both in Canada and the United States. David began transfer pricing consulting in 1999. In 2003, he made a move to Calgary, Alberta to become the Director of Transfer Pricing for two different public companies, before returning to consulting in 2007, and eventually opening his own practice in 2009.
David’s experience encompasses various industries ranging from manufacturing, software, telecommunications, oil & gas, technology, light and heavy industrial, service providers, agriculture, retail goods, food processing, commodities, and pharmaceuticals. He has worked on all types of transactions including management fees, leases, sale of IP, R&D cost sharing arrangements, modelling, royalties and licenses, intercompany services, distribution, manufacturing, and commissionaire arrangements. Having worked both in industry and a consultant, David also provides implementation consulting services for organizations of various sizes ranging from SMEs to public companies.
David’s transfer pricing practice specializes in helping clients prepare their contemporaneous documentation, manage their transfer pricing risks, and where necessary, defend themselves against audit controversy.
David obtained his Chartered Accountant designation in 1996, his CPA (Ontario) in 2014, and is currently enrolled in the CBV program. He is a member of CPA Canada, CPA Ontario, the Toronto Finance Network, Canadian Tax Foundation, and various other business networking groups. In his spare time, David loves traveling, hiking, and reading a good novel.
At Velorum, we strive to provide you with quality advice and service. With both external consultancy and in-house experience, Velorum understands your concerns as a business owner and we want to help you accomplish your goals.