Accounting & Auditing Standards Experts

Our professionals utilize their expertise and knowledge of evolving accounting and auditing standards to provide financial reporting guidance and litigation support to clients.

Our team provides expert opinions regarding the interpretation, application, and conformity with Generally Accepted Accounting Principles (GAAP) on matters involving, but not limited to, fair value accounting for complex financial instruments, revenue recognition, related party transactions and disclosures, business combinations, special purpose entities, loss contingencies, and asset impairments. We also perform calculations of economic damages, if any, resulting from failures to properly prepare or audit financial statements.

We have assisted clients in highly publicized accounting and financial reporting controversies, including allegations of fraudulent financial reporting, auditor malpractice, and evaluations of internal controls.

Our Services

Accounting Standards Interpretation, Application & Conformity
Auditing Standards Interpretation, Application & Conformity
Auditor Malpractice Claims
Economic Damages Calculations

Evaluating Financial Statement Disclosures
Financial Statement Misstatements Analysis
International Financial Reporting Standards (IFRS)
Post-Purchase Price Disputes

Related Party Transactions Analysis
Revenue Recognition Analysis

Our Subject Matter Experts

Accredited in Business Valuation
Certified Fraud Examiners
Certified in Financial Forensics Specialists
Certified Public Accountants
Chartered Financial Consultants

Our Clients

Bankruptcy Trustees
Corporate Officers & Directors
Federal Agencies
Fortune 1000 companies
General Counsel
Institutional Investors
Law Firms & Litigators
Middle Market Companies
Private Equity Firms
Regulators
Start-ups

Our Team is Engaged in Matters Involving

Asset Valuation
Complex Derivatives
Disclosures of Risks & Uncertainties
Expert Opinions & Testimony
Fair Value Measurements
Finite Reinsurance
Goodwill Accounting
Internal Control Adequacy
Liquidity Disclosures
Loan Losses
Loss Reserving
Mortgage Loan Valuations
Real Estate Valuations
SFAS No. 5: Loss Contingencies
Solvency Measurements
Substance Over Form Determinations
Use of Specialists

Featured Engagement:
Auditor Conduct

Our experts were engaged to evaluate malpractice claims against the auditor of several large bankrupt publicly traded companies that had been engaged in banking, brokerage, insurance, and lending services. Our team evaluated accounting and auditing practices, particularly related to franchise fee revenue recognition and the allowances for uncollectible loans. Subsequently, our experts were engaged by counsel for the bankruptcy trustee to extract and analyze millions of transactions from the company’s management system to support clawback claims against insurance carriers, franchisees, securitization trusts, banks, and other financial institutions.

Featured Engagement:
Post-Purchase Price Disputes

Our experts were engaged in multiple post-purchase price disputes in which Stock Purchase Agreements (“SPA”) outlined the terms of the sale and included price adjustment mechanisms. Our team assisted with calculating those post-purchase price adjustments as well as evaluating whether the financial statements on which the purchase price was based were free from material misstatement.

Featured Engagement:
Financial Statement Disclosures

Our experts were engaged in litigation involving the auditor of a finance company that issued and securitized loans to sub-prime borrowers. The engagement involved examination of the accounting for, and auditing of, financial statement disclosures related to forbearance, provisions for credit losses and reserves, and various aspects of the company’s loan securitization activity, including the fair value of certain complex investment securities.

Featured Engagement:
Financial Statement Misstatements

Our experts were engaged by the SEC to evaluate issues of financial statement misstatements having to do with valuations of purportedly rare stamps and questions of related party transactions, as well as the duties of the company CFO.

Featured Engagement:
Financial Statement Misstatements

Our experts were engaged on behalf of a large American-based telecommunications company to evaluate whether revenue recognition and loan loss impairments were correctly accounted for and disclosed in accordance with GAAP as it relates to loans to an entity in a geographically emerging market.

RELATED SERVICE AREAS Click the icon to view the directory

Bankruptcy Litigation

Business Interruption / Lost Profits

Cyber Damages

Delay in Start-Up (DSU) & Soft Costs

Extra Expense / Increased Cost of Working

Family Law Disputes

Fraud

Insurance Insolvency / Bankruptcy Litigation

Inventory / Stock Losses

Labor, Employment, and Wage & Hour Disputes

Marine & Cargo Damages

Personal Injury / Wrongful Death / Medical Malpractice

Find Your Expert

Accounting & Auditing Standards Litigation

Featured Engagements

INDUSTRY INSIGHTS

Keep up with the latest research and announcements from our team.

J.S. Held

Headquarters

50 Jericho Quadrangle
Suite 117
Jericho, N.Y. 11753
+1 516 621 2900
[email protected]

Media Relations

Contact: [email protected]

YouTube

Twitter

Subsidiary Firms

Contract Administration Associates, a J.S. Held Company

DBSConsult, a J.S. Held Company

JS Held Malaysia Sdn. Bhd. | Registration No. 202001033278 (1389599-P)

J.S. Held Engineering Services PLLC

J.S. Held Singapore Pte. Ltd. | Registration No. 202032700W

J.S. Held UK Limited

J.S. Held India Private Limited

Ocean Tomo, a part of J.S. Held

California Architecture & Engineering services are provided by J.S. Held Engineering and Architecture, Inc., a wholly owned subsidiary of J.S. Held LLC

Areas of Expertise

Technical & Scientific

Strategic Advisory

Financial Investigations, Valuation & Risk

Digital & Data

Insights

White Papers & Research Reports

Perspectives

Educational Seminars & Events

Markets Served

Consumer Products & Services

Industrial & Manufacturing

Insurance

Private Equity

Real Estate

Retail, Restaurant & Hospitality

Technology, Media & Telecommunications

Transportation Infrastructure

About J.S. Held

Service Organization Control (SOC) 2 Type II

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights reserved.

Member FINRA | SIPC