Expertise and Knowledge-based Services

Forensic Accounting Services - Auditing with a high degree of skepticism best describes forensic accounting.  When companies need to find out what really happened, when events seem to conflict with financial documents, or when results just don't make sense, forensic accounting services may be appropriate.  Our work is calculated to determine the economic substance of transactions and to identify documents that have been falsified.  Often, the parties involved can be identified as well.  Our work results in a report which may be used for financial reporting purposes, for insurance claims, or in court.

Identifying, measuring and attributing fraud involves understanding fraud methods, how the methods were employed, who was involved, who knew or should have known, and how procedures and personal vulnerability were exploited.  Our work is based on business records, interviews, and an analysis of values and benefits for selected transactions.

Financial Investigations - Boards of Directors, Audit Committees, Trustees and Fiduciaries have a duty to investigate prospective transactions, certain contracts and allegations of wrongdoing.  Our work is performed quickly with a report to the responsible parties.

Due Diligence Assistance - Applying skepticism and verification to validate representations or recalibrate financing plans to likely-achievable results.

Business Valuation Services - Determining appropriate value is often key to determining economic substance.  Transactions involving insiders and transactions motivated by noneconomic purposes can be best understood by ascertaining a value by reference to outside, independent criteria.  Fair value accounting, insurance policies/claims, tax filings and dispute resolution also depend on a determination of fair value.  Our work may result in an abbreviated or detailed report, depending upon the needs of the client and other parties.

Post-closing Disputes - Concisely presenting the accounting, asset valuation and performance information that arbitrators need to apply the adjustment terms expressed in purchase agreements.

Economic Damages Determination/Evaluation - Certain civil actions result in an award of economic damages, or actual loss referable to specific cause(s) of action.  Plaintiffs must prove their economic damages, and defendants have an opportunity to present economic damages calculations based on alternative theories of damage.  Defendants have a further opportunity to present evidence of weaknesses or errors in plaintiffs' damages calculations.  Our work traces the economic loss from causes of action through business processes to gross amounts, which are reduced by actual or available mitigation.  Typically, such work results in expert testimony and/or a written expert report.

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Last modified: 02/09/10