Stewart L. Appelrouth
305.444.0999, Ext. 228

Stewart L. Appelrouth is a Co-Founder of Appelrouth Farah & Co., where he has built a firm renowned for its creative financial and accounting advisors. The firm’s strength derives from his philosophy of accessibility and a hands-on approach. With extensive resources and breadth of knowledge, Stewart maintains a high-level of service with personalized attention.

Stewart has established a firm that maintains a priority on providing equal care and attention to its entire roster of clients, be it an individual client or a large public company.  The firm’s strength derives from Stewart’s philosophy of accessibility and a hands-on approach.  He is steadfast about maintaining a high-level of service, coupled with a direct line of contact to ensure personalized attention is given to each of the firm’s clients.  This is just one of the standards that sets Appelrouth, Farah & Co., P.A. apart from other large firms. Stewart co-founded Appelrouth, Farah & Co., P.A. along with Carlos M. Farah in 1985.

With over 35 years in the industry, Stewart is a seasoned professional, possessing an expansive repertoire of experiences in diversified areas of accounting and business advisory services.  His practice areas are focused on litigation support, audit and assurance, fraud investigation, business valuation, and business and tax consulting. Stewart also regularly serves as an expert witness in Federal and Circuit Courts.

Stewart is a Certified Public Accountant (CPA), Certified in Financial Forensics (CFF) and Accredited in Business Valuation (ABV) by the American Institute of Certified Public Accountants. He is Certified as a Forensic Accountant (CRFAC) by the American Board of Forensic Accounting, a Certified Family Mediator (CFM) by the Supreme Court of Florida, a Certified Fraud Examiner (CFE) by the Association of Certified Fraud Examiners, and a Certified Valuation Analysts (CVA) by the National Association of Certified Valuators and Analysts.  Additionally, Stewart is a Fellow of the American Board of Forensic Accounting and a designated Personal Financial Specialist (PFS) by the American Institute of Certified Public Accountants.

Stewart currently serves on the Board of Directors of AIM ImmunoTech Inc., a public company engaged in the clinical development of new drug entities for treatment of seriously debilitating disorders. He is also Chairperson of the Audit Committee for AIM ImmunoTech Inc.

At Florida International University, Stewart serves on the Foundation Board of Directors, the President’s Council, the Law School Dean’s Advisory Council, and the Advisory Board for the College of Medicine. He is also an active supporter for the University of Miami, Florida State University, Beth David Synagogue, Dave & Mary Alper Jewish Community Center, United Way, and Voices for Children.

Stewart’s Advice for Entrepreneurs:

Start with a good work ethic and get a good accountant. Secondly, when you open a business, you have to make it a priority; it cannot be secondary. It’s also important to have a diversified background and to have a constant quest for knowledge about a multitude of topics.

Activities of Interest:

Appelrouth, Farah and Co., P.A. is an active force in South Florida thanks to Stewart’s dedication to being involved in the community. Professional and community organizations that benefit from the firm’s involvement include the Florida International University, University of Miami, Beth David Synagogue, the United Way, and Voices for Children, among others. Stewart is also an avid sports fan; baseball was his first love.


  • State of Florida Certified Public Accountant, License No. 12643, Public Accountancy – July 1983
  • State of North Carolina Certified Public Accountant, License No. 31571, Public Accountancy – August 2005
  • Certified in Financial Forensics, American Institute of Certified Public Accountants
  • Accredited in Business Valuation, American Institute of Certified Public Accountants – April 2006
  • Certified Family Law Mediator, Supreme Court of Florida – March 1994
  • Certified Forensic Accountant, American Board of Forensic Accounting – May 2001
  • Certified Fraud Examiner, Association of Certified Fraud Examiners – March 1995
  • Certified Valuation Analyst, National Association of Certified Valuation Analysts – November 1994
  • Fellow of the American Board of Forensic Accounting, American College of Forensic Examiners – September 1997

Awards & Recognition

  • South Florida Legal Guide Top CPA’s in Litigation Support:  2006-2018 Annual Editions
  • South Florida Business Journal Power Leaders in Law & Accounting: 2010, 2014, 2015, 2017, 2019
  • South Florida Business Journal Key Partners Award: 2007, 2009, 2011, 2017
  • 2007 Pro Bono Award- Outstanding Presentation Dade County Bar Association and the 11th Judicial Circuit


  • Florida International University, Masters Degree in Finance – 1980
  • Florida State University, Bachelors Degree in Business Administration – 1975

Professional Affiliations

  • American College of Forensic Examiners
  • American Institute of Certified Public Accountants
  • Association of Certified Fraud Examiners
  • Florida Institute of Certified Public Accountants
  • InfraGuard Member – a national information sharing program between the Federal Bureau of Investigation and the private sector
  • National Association of Certified Valuation Analysts

Community Affiliations

  • Association of Family Law Professionals, Inc. – Member
  • Beth David Synagogue – Past President
  • Florida International University –
    Advisory Board for College of Medicine
    Alumni Association Board of Directors
    Athletic Association Booster Board of Directors
    Council of 100 Executive Committee
    Law School Dean’s Advisory Council
  • Florida State University –
    Alumni Association – Life Member
    Foundation – President’s Circle
  • Key West Chamber of Commerce – Member
  • Sun Political Action Committee – Past Chairman and Treasurer
  • United Way
    Alexis de Tocqueville Society
    Professional Advisors Committee
  • University of Miami – Sylvester Comprehensive Cancer Center
    Friends for Sylvester
    Founders Committee
  • University of Miami
    Board of Trustees – Past Trustee
    Citizens Board – Past President
    Employee Retirement Committee – Past Member
    Investment Committee – Past Member
  • Greater Miami Jewish Federation, Audit Committee


  • Department of Business & Professional Regulations, Board of Accountancy, Certified Public Accountant State of Florida
  • Department of Business & Professional Regulations, Board of Accountancy, Certified Public Accountant State of North Carolina
  • Department of Business & Professional Regulations, Division of Real Estate, Real Estate Broker – Retired
  • Florida Department of Insurance, Health, Life and Variable Annuity Insurance Agent – Retired
  • National Association of Securities Dealers, Series 7 – General Securities License

Authorship & Presentations

  • Valuation Clauses for Buy-Sell Agreements, CPA Today – September 2001
  • Ethics and Today’s Certified Public Accountant
  • South Florida Business Journal – November 29, 2002
  • Complex Issues in Divorce for the Practitioner, National Business Institute Seminar – June 2003
  • Occupational Fraud and Abuse, One hour seminar presentation
  • Understanding & Using Business Valuations, One hour seminar presentation
  • Current Issues in Fraud, One hour seminar presentation
  • Lecture – You Never Have Them When You Need Them:  The Use, Misuse and Abuse of Financial Experts in a Family Law Case, August 2007- Advanced Matrimonial Trial Advocacy Workshop
  • Thirteen Annual Institute Electronic Discovery, One hour seminar presentation at the American Academy of Matrimonial Lawyers Conference, May 2008