Forensic Accounting

Accounting & Auditing Standards Litigation

J.S. Held’s Inaugural Global Risk Report Examines Potential Business Risks & Opportunities in 2024

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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.

Featured Engagements
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Our Experts